WEBVTT - John Smoltz on Pitch Limits, Growth of Women's Golf

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News.

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<v Speaker 2>This is Bloomberg Business of Sports.

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<v Speaker 3>Business of Sports can be intimidating for hard for a

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<v Speaker 3>start to break into.

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<v Speaker 4>We really appreciate what our owners are actually there. You

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<v Speaker 4>know with us through the journey.

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<v Speaker 5>Teams ours especially have been very intentional to diversify at

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<v Speaker 5>all levels of the company.

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<v Speaker 6>Whybe We're in the golden years for the NFL and

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<v Speaker 6>college football.

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<v Speaker 3>Our demographic reach has continued to expande.

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<v Speaker 7>This is going to be really unlocking the streaming platform

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<v Speaker 7>for sports fans.

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<v Speaker 2>Sports evaluations arising. We'll see when they peak.

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<v Speaker 1>You don't have to be the best in your sports

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<v Speaker 1>and make a whole ton of money.

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<v Speaker 2>Bloomberg Business of Sports from Bloomberg Radio. This is the

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<v Speaker 2>Bloomberg Business of Sports show. We explore the big money

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<v Speaker 2>issues in the world of sports. I'm Michael Barr, along

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<v Speaker 2>with my colleagues Scarlett Fou and Damian Sassau on the lineup.

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<v Speaker 2>Today we're talking the growth of women's golf with two

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<v Speaker 2>time lp GA champion winner Stacy Lewis and with the

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<v Speaker 2>KPMG Women's PGA Championship in play this weekend. We'll also

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<v Speaker 2>speak with the chairman and CEO of KPMG, Paul Knop.

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<v Speaker 6>This was the only women's leadership conference affiliated with a

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<v Speaker 6>LPGA tournament that Catalyst has allowed. For now, there are

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<v Speaker 6>twenty women's leadership conferences affiliated with LPGA tour events. So

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<v Speaker 6>we feel really great about bringing about more change so

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<v Speaker 6>that more women can be elevated to the c suite,

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<v Speaker 6>and we're seeing it at many more LPGA tournaments.

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<v Speaker 2>Today, we'll also speak baseball in the role of the

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<v Speaker 2>starting pitcher in Today's Game with Hall of Fame pitcher

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<v Speaker 2>and current Fox Sports analyst John Smoltz. But first, the

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<v Speaker 2>sports world lost another legend this week.

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<v Speaker 8>He say hey, sway at the plaid, say Hey.

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<v Speaker 2>Yeah, the say hey kid. Baseball legend will Mays died

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<v Speaker 2>this past week at the age of ninety three. A

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<v Speaker 2>prolific player on and off the field, May's transcended what

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<v Speaker 2>it meant to be a cultural icon at a complicated time.

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<v Speaker 2>This week, in honor of juneteenth, Major League Baseball played

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<v Speaker 2>a regular season game at Rickwood Field in Birmingham, Alabama,

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<v Speaker 2>as a tribute to the Negro leagues. The game was

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<v Speaker 2>played between the Saint Louis Cardinals and Willie May's former club,

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<v Speaker 2>the San Francisco Giants. During the pregame on Fox Sports,

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<v Speaker 2>another baseball legend, Reggie Jackson, spoke about what Mays meant

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<v Speaker 2>to him and then emotionally recalled the racism and discrimination

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<v Speaker 2>he experienced while playing in Alabama as a minor league player.

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<v Speaker 2>Take a listen, Gush.

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<v Speaker 8>I think Willie Mays meant to me the same thing

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<v Speaker 8>that he meant to most people. He was a barishnikoff

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<v Speaker 8>on the baseball field. I think that he had a

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<v Speaker 8>lot of things to say about the game. But at

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<v Speaker 8>the time when Willie playing, Hank Aaron was playing. They

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<v Speaker 8>grew up in an era when you had a complain

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<v Speaker 8>about the game or a complain about society, you suppressed it.

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<v Speaker 8>Today's player doesn't do that. Coming back here is not easy.

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<v Speaker 8>The racism that I played here. I walked into restaurants

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<v Speaker 8>and they would point at me and said, you can't

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<v Speaker 8>eat here. I would go to a hotel and they said,

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<v Speaker 8>can't stay here. At the same time, had it not

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<v Speaker 8>been for my white friends, had it not been for

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<v Speaker 8>a white manager and Rudy Fingers and Duncan and Lee Myers,

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<v Speaker 8>I would have never made it.

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<v Speaker 2>That was baseball great Reggie Jackson during the Fox Sports

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<v Speaker 2>tribute to the Negro League's pregame show. Audio courtesy again

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<v Speaker 2>of Fox Sports Network, and it was a very powerful interview.

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<v Speaker 2>We'll talk more baseball later in the show, but first

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<v Speaker 2>we want to pivot to a conversation with another prominent

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<v Speaker 2>name from the New York sports scene. For MDA All

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<v Speaker 2>Star kerb Melo Anthony Knicks fans saw him mad MSG

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<v Speaker 2>cheering on his old team during their playoff run, but

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<v Speaker 2>Melo has been busy behind the scenes launching a new

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<v Speaker 2>luxury wine called Ode to Soul. Anthony stopped by our

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<v Speaker 2>studios here in New York recently along with this business

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<v Speaker 2>partner Asani Swan to talk it through with our colleagues,

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<v Speaker 2>remain Bostic and Scarlet through Let's listen in.

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<v Speaker 1>I actually was just interested, like I just wanted to

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<v Speaker 1>learn about the industry. I wanted to learn about what

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<v Speaker 1>it takes to actually grow wine and what happens in

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<v Speaker 1>the process. So I just started drinking the wine and

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<v Speaker 1>then I realized, look, I need to stop spending so

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<v Speaker 1>much money on consuming this wine and figure out what

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<v Speaker 1>is the right business model in this industry. So it

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<v Speaker 1>took me a little bit of time to kind of

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<v Speaker 1>figure the industry out and see where I wanted to

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<v Speaker 1>open the door.

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<v Speaker 9>App well, you partnered with Asana and just looking at

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<v Speaker 9>sort of the pedigree of this wine. I mean, this

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<v Speaker 9>is like serious, like old world wine making you're doing.

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<v Speaker 9>You just didn't slap his name on a label and

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<v Speaker 9>just try to sell it here, just kind of explain

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<v Speaker 9>exactly the region where these grapes are coming from and

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<v Speaker 9>exactly the process that it went through.

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<v Speaker 7>Yeah, great question. So I think a lot of people

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<v Speaker 7>from then the seventh the state were a little shocks

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<v Speaker 7>that we decided to partner with Robert Moondabi Winery, But

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<v Speaker 7>ultimately we wanted to produce a premium quality wine and

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<v Speaker 7>so we thought what better way to do that than

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<v Speaker 7>with one of the best and most traditional wine companies

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<v Speaker 7>in the world. And so we had the opportunity to

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<v Speaker 7>partner with them and then get our grapes from the

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<v Speaker 7>Tokalon region. The Tokalon region has a great deal of

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<v Speaker 7>dried soil, and the way that the sun hits those

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<v Speaker 7>grapes is able to develop what we get to taste

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<v Speaker 7>in the bottle, and so that is one of the

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<v Speaker 7>reasons why the price point is what it is, but

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<v Speaker 7>also the process that we go through in creating what's

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<v Speaker 7>in bottle is so specific and it's so specific to

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<v Speaker 7>who we are as winemakers as well. And having the

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<v Speaker 7>opportunity to have the guidance of John Viev, who's the

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<v Speaker 7>chief wind maker at Robert Mondavi Winery, was certainly an

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<v Speaker 7>experience in and of itself to learn from one of

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<v Speaker 7>the masters in the space.

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<v Speaker 5>I think everyone's curious Carmela to understand your level of involvement.

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<v Speaker 5>Did you choose the blend?

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<v Speaker 4>Are you a lead taster here, lead tasted?

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<v Speaker 5>Did you zoo in on that pricing of what two

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<v Speaker 5>hundred and seventy five dollars a bottle?

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<v Speaker 1>So the pricing was out of my jurisdiction. I'm more

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<v Speaker 1>of the you know, bring my bring my palate, you know,

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<v Speaker 1>bring my my smell, bring my my innovation, you know

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<v Speaker 1>to the room, whereas I just utilize, you know, the tokalon.

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<v Speaker 1>It is what it is that that portion of nappid

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<v Speaker 1>that venyard is is spectacular. So the reason I could

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<v Speaker 1>just come in and just flow and just because it's

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<v Speaker 1>already there, right and having somebody like John Viev alongside,

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<v Speaker 1>that's who's on the ground every single day understanding what

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<v Speaker 1>that soilo is, what that region is. For me, I

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<v Speaker 1>could just bring my innovation into the industry. So yes,

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<v Speaker 1>I'm heavily involved from the beginning all the way to

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<v Speaker 1>the end where we all we always We also had

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<v Speaker 1>a you know, a disagreement about one percent of patite

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<v Speaker 1>verdot that we put actually put into wine.

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<v Speaker 3>So so who won?

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<v Speaker 5>Did you win?

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<v Speaker 1>We all want, we all want it's a great wine.

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<v Speaker 3>Well done, well done.

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<v Speaker 5>You mentioned, of course that you were drinking wine and

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<v Speaker 5>you thought, you know what, I have to stop spending

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<v Speaker 5>money on this. But I'm curious about your time in

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<v Speaker 5>New York and how that contributed to your education as

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<v Speaker 5>a wine connoisseur. What was it about being in New

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<v Speaker 5>York and being and having access to all this great

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<v Speaker 5>wine that really deepened your passion for fine wine?

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<v Speaker 1>What I said, I think you hit it right on

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<v Speaker 1>the word, which was access. Right now, in New York,

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<v Speaker 1>I had access to people and collectors and people that

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<v Speaker 1>was drinking these crazy wines and these wine clubs. So

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<v Speaker 1>I had access to all of those people. So I

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<v Speaker 1>always wanted to know, Okay, if I can get into

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<v Speaker 1>this circle, if I can appiece to this circle. If

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<v Speaker 1>I can bring wine to the dinner and I can

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<v Speaker 1>make this you know, specific circle be like, h this

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<v Speaker 1>guy know what he's talking about.

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<v Speaker 4>He's for real.

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<v Speaker 1>Then I felt like I've proven myself. So it was

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<v Speaker 1>just taking my time here in New York. And I

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<v Speaker 1>will say New York actually helped me kind of broaden

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<v Speaker 1>my horizon to think globally as far as the wine

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<v Speaker 1>industry and the wine business goes.

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<v Speaker 4>So I can talk a little bit about the marketing

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<v Speaker 4>of this wine.

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<v Speaker 9>Just a minute ago, we referenced the price point, and

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<v Speaker 9>it is a higher price point. This is a premium product. Yes,

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<v Speaker 9>how did you arrive that this was wherever it's going

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<v Speaker 9>to be.

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<v Speaker 7>The wonderful thing about our relationship with Constellation Brands and

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<v Speaker 7>Robert Montdabby Winery specifically is that we were both bringing

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<v Speaker 7>something very unique to the table. You know, we have

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<v Speaker 7>this innovation of tradition with Robert Montdabby Winery, and we

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<v Speaker 7>have this creativity and mellow and I having ability to

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<v Speaker 7>reach people in a different way. I definitely will say

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<v Speaker 7>that we have some of them most exciting experiences when

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<v Speaker 7>it comes to releasing our wine. For sure, we have

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<v Speaker 7>a good time. That's part of the wine drinking experience

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<v Speaker 7>is what is the experience that we are bringing to

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<v Speaker 7>the table. So for us, we really have leaned into

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<v Speaker 7>the idea that when you drink our wine, we want

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<v Speaker 7>it to be an experience, not just to taste it

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<v Speaker 7>for the sake of having a glass, but what happens.

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<v Speaker 7>And so for us, even in the naming of our wine,

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<v Speaker 7>that was very important Ode to Soul.

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<v Speaker 4>Talk about the naming of that wine here.

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<v Speaker 9>I mean this is a reference to a very famous

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<v Speaker 9>Haitian general, basically someone responsible for the Haitian Revolution. I mean,

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<v Speaker 9>you're not Haitian, No, you're Puerto Rica, and I'm not

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<v Speaker 9>sure what you are. How did you arrive on that?

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<v Speaker 9>Why did you choose him?

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<v Speaker 7>Well, you're speaking of Oath of Fidelity with Tucson. Oh yes, yes,

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<v Speaker 7>So that was our twenty seventeen chateaun of depop which

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<v Speaker 7>was exceptional and it was well received by the community.

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<v Speaker 10>For sure.

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<v Speaker 7>Ode to Soul was really a collaboration of all of us,

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<v Speaker 7>both myself and Mellow as well as the Robert Mondavi team.

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<v Speaker 7>We decided that we wanted this to be a wine

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<v Speaker 7>that paid homage to history and the history that means

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<v Speaker 7>something to you. For us specifically, it's around wine, it's

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<v Speaker 7>around our native people, it's around our ancestors, and so

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<v Speaker 7>we are paying homage to those that came before us

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<v Speaker 7>to open the doors for people who were coming next

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<v Speaker 7>for us. And I know, Mellow, you have a very

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<v Speaker 7>specific point of view.

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<v Speaker 2>It's right on right.

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<v Speaker 1>It's that you know, I'm a music guy, right, I

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<v Speaker 1>love music, So you hear old to soul and just

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<v Speaker 1>it dances right, and so it's a lot of similarities

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<v Speaker 1>from you know, the naming process is not something that

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<v Speaker 1>we we actually just come up with a name, like

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<v Speaker 1>we really put thought into it. We really want to

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<v Speaker 1>create content around, we want to tell stories. And then

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<v Speaker 1>I think one of the most important things is the

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<v Speaker 1>fact that we're able to engage communities right to create

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<v Speaker 1>these actual experiences where we don't have We don't go

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<v Speaker 1>out there and try to sell wine in a traditional way,

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<v Speaker 1>like we don't Bloomberg.

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<v Speaker 4>It's like it's.

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<v Speaker 1>We're doing a different because of the price point, but

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<v Speaker 1>it's it's it's you know, what we do is we

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<v Speaker 1>we allow our community to experience those experiences, right, and

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<v Speaker 1>we create these taste things and we create these moments

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<v Speaker 1>to where people come in and they want to be

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<v Speaker 1>a part of the story and a part of the community,

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<v Speaker 1>and then the wine comes after that.

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<v Speaker 9>Yeah, you have any friendly competition with some of the

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<v Speaker 9>other players, I mean, d Wade's got his own wine,

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<v Speaker 9>a few others.

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<v Speaker 4>You just call them up and be like, yo, yours

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<v Speaker 4>ain't seven No, no, you know, we.

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<v Speaker 1>Don't have those type of conversations. But it's it's more

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<v Speaker 1>so like, how could we create the experience like you

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<v Speaker 1>you have yours, you have yours, you have yours. How

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<v Speaker 1>could we create an experience where everybody is a part

0:11:46.040 --> 0:11:48.840
<v Speaker 1>of this community and engaging and you get to sell

0:11:48.880 --> 0:11:51.040
<v Speaker 1>your wine. I sell my wine, We get to taste wine,

0:11:51.040 --> 0:11:52.360
<v Speaker 1>and we get to have a good time.

0:11:52.640 --> 0:11:56.480
<v Speaker 2>That's former multi time NBA All Star and former New

0:11:56.559 --> 0:11:59.920
<v Speaker 2>York Knicks player Carmelo Anthony, along with his business partner

0:12:00.080 --> 0:12:04.319
<v Speaker 2>Asanni Swan, speaking with our Bloomberg TV colleagues Remain Bustic

0:12:04.720 --> 0:12:08.199
<v Speaker 2>and Scarlet Foo about his new venture in luxury wine.

0:12:08.240 --> 0:12:11.000
<v Speaker 2>Here that full conversation on demand now on the Bloomberg

0:12:11.040 --> 0:12:14.920
<v Speaker 2>Talks podcast. Check it out and subscribe on Apple, Spotify

0:12:14.920 --> 0:12:17.440
<v Speaker 2>and anywhere else should get your podcasts. Up next on

0:12:17.480 --> 0:12:22.200
<v Speaker 2>the show, he says pitch limits are not helping starting pitchers.

0:12:22.480 --> 0:12:24.920
<v Speaker 2>We'll get more on that with MLB Hall of Famer

0:12:25.000 --> 0:12:28.520
<v Speaker 2>John Smokes. You're listening to the Bloomberg Business of Sports

0:12:28.559 --> 0:12:38.120
<v Speaker 2>from Bloomberg Radio around the world. This is Bloomberg Business

0:12:38.120 --> 0:12:43.280
<v Speaker 2>of Sports from Bloomberg Radio. This is the Bloomberg Business

0:12:43.280 --> 0:12:45.560
<v Speaker 2>of Sports show where we explore the big money issues

0:12:45.559 --> 0:12:47.880
<v Speaker 2>in the world of sports. I'm Michael Barr and along

0:12:47.920 --> 0:12:51.920
<v Speaker 2>with my colleagues Scarlett fou and Damian Sasaur. We're only

0:12:51.960 --> 0:12:55.000
<v Speaker 2>a few weeks out from the Midsummer Classic in baseball.

0:12:55.360 --> 0:12:59.440
<v Speaker 2>This year's MLB All Star Game is July sixteenth at

0:12:59.520 --> 0:13:03.720
<v Speaker 2>Globe Live Field in Arlington, Texas. Now that we're inching

0:13:03.760 --> 0:13:06.120
<v Speaker 2>closer to the halfway point, we wanted to check in

0:13:06.559 --> 0:13:08.959
<v Speaker 2>on the state of the sport with an old friend

0:13:09.000 --> 0:13:11.840
<v Speaker 2>of the show, John Smoltz. He is an eight time

0:13:12.000 --> 0:13:15.080
<v Speaker 2>MLB All Star himself and is now an analyst for

0:13:15.160 --> 0:13:18.000
<v Speaker 2>Fox Sports. We spoke with him earlier this week before

0:13:18.120 --> 0:13:21.720
<v Speaker 2>Willie May's passing for his thoughts on the season so far.

0:13:22.280 --> 0:13:24.680
<v Speaker 2>And I'm looking at some teams that are just like

0:13:25.280 --> 0:13:29.440
<v Speaker 2>kicking behind, like the Baltimore Orioles and the New York Yankees.

0:13:29.480 --> 0:13:32.000
<v Speaker 3>Your thoughts, Yeah, we have a a kind of a

0:13:32.040 --> 0:13:35.160
<v Speaker 3>top heavy league right now, meaning there's five teams that

0:13:35.240 --> 0:13:38.240
<v Speaker 3>separate themselves against the rest. That doesn't mean some of

0:13:38.240 --> 0:13:41.000
<v Speaker 3>the other teams that are kind of floundering around five

0:13:41.080 --> 0:13:43.760
<v Speaker 3>hundred can't make a move. But you've got the Dodgers

0:13:43.800 --> 0:13:46.400
<v Speaker 3>and unfortunately they've had a couple injuries that don't work

0:13:46.440 --> 0:13:48.880
<v Speaker 3>well for them. The Braves had the two worst injuries

0:13:48.920 --> 0:13:51.079
<v Speaker 3>they could have. The Baltimore Oriols and the New York

0:13:51.160 --> 0:13:54.160
<v Speaker 3>Yankees are head and shoulders above the rest. Philadelphia coming

0:13:54.280 --> 0:13:56.400
<v Speaker 3>right in there as well. But I think what you're

0:13:56.400 --> 0:13:59.079
<v Speaker 3>going to see in this year is baseball season is

0:13:59.120 --> 0:14:02.160
<v Speaker 3>you've got a ton of teams kind of all grouped

0:14:02.200 --> 0:14:04.960
<v Speaker 3>in the same category trying to fight for those remaining

0:14:04.960 --> 0:14:08.160
<v Speaker 3>playoff spots, and the trade deadline is going to be

0:14:08.240 --> 0:14:11.440
<v Speaker 3>huge to determine some of those team's success. And they're

0:14:11.480 --> 0:14:15.560
<v Speaker 3>all got the Arizona Diamondbacks in their vision, meaning what

0:14:15.640 --> 0:14:18.760
<v Speaker 3>Arizona did last year gives a lot of these teams

0:14:18.840 --> 0:14:21.480
<v Speaker 3>hope that they could be this year's version of the

0:14:21.520 --> 0:14:22.680
<v Speaker 3>Arizona Diamondbacks.

0:14:22.720 --> 0:14:25.200
<v Speaker 11>Last year well, John, I really like that you mentioned

0:14:25.240 --> 0:14:26.760
<v Speaker 11>the injuries, you know, and we had a spade of

0:14:26.800 --> 0:14:29.640
<v Speaker 11>them this year, including your Atlanta Braids losing Spencer Strider.

0:14:29.640 --> 0:14:31.960
<v Speaker 11>We've Scheene Bieber's on the fence, I mean, most recently

0:14:32.000 --> 0:14:34.760
<v Speaker 11>Mookie Betts and Anthony Rizzo. But talk to us a

0:14:34.800 --> 0:14:37.200
<v Speaker 11>little bit about what your expectations are as we get

0:14:37.240 --> 0:14:39.080
<v Speaker 11>into the second half. Can some of these players actually

0:14:39.080 --> 0:14:40.600
<v Speaker 11>come back in time to make a difference.

0:14:40.760 --> 0:14:43.960
<v Speaker 3>I think they can. The biggest problem in the game

0:14:44.080 --> 0:14:46.720
<v Speaker 3>is injuries, and no one seems to want to address it.

0:14:46.760 --> 0:14:48.400
<v Speaker 3>They just kind of look the other way and say

0:14:48.440 --> 0:14:50.720
<v Speaker 3>it's part of the game. And unfortunately, for a lot

0:14:50.760 --> 0:14:54.200
<v Speaker 3>of these pitchers, the ones you've mentioned are veterans, it

0:14:54.240 --> 0:14:56.120
<v Speaker 3>gives them a better chance to come back. They know

0:14:56.160 --> 0:14:58.880
<v Speaker 3>how to pitch, But young pitchers have no guarantee because

0:14:59.160 --> 0:15:01.480
<v Speaker 3>they have not got in their stripes and learn how

0:15:01.520 --> 0:15:03.600
<v Speaker 3>to pitch with the kind of arsenal that they have,

0:15:03.800 --> 0:15:06.440
<v Speaker 3>So it's a little more of a crapshoot with them.

0:15:06.520 --> 0:15:08.400
<v Speaker 3>It's a little more of a given. With a de

0:15:08.480 --> 0:15:10.400
<v Speaker 3>Gram and a sures Aer and a coal and a

0:15:10.480 --> 0:15:12.680
<v Speaker 3>Kershaw is going to come back somehow. In the second

0:15:12.680 --> 0:15:15.800
<v Speaker 3>half of the Dodgers. So I think the biggest problem

0:15:16.240 --> 0:15:18.800
<v Speaker 3>that a lot of these guys' face is they're going

0:15:18.880 --> 0:15:21.600
<v Speaker 3>back to really, really good teams and they're going to

0:15:21.680 --> 0:15:23.920
<v Speaker 3>want to contribute like they never left. It's going to

0:15:23.960 --> 0:15:26.800
<v Speaker 3>take three to five starts for these guys to get

0:15:26.880 --> 0:15:29.840
<v Speaker 3>well back into the groove and then hopefully there's no

0:15:29.960 --> 0:15:31.600
<v Speaker 3>hiccups the rest of the way.

0:15:31.400 --> 0:15:33.440
<v Speaker 5>In if we take a step back. I have just

0:15:33.520 --> 0:15:36.200
<v Speaker 5>marveled at how much more I've enjoyed watching baseball these

0:15:36.240 --> 0:15:38.920
<v Speaker 5>last two seasons. With the new rules that reduce the

0:15:38.960 --> 0:15:42.440
<v Speaker 5>amount of time each game takes, there's now so much

0:15:42.480 --> 0:15:45.080
<v Speaker 5>focus John on pitch count, and with the pitch clock,

0:15:45.160 --> 0:15:47.480
<v Speaker 5>there is a lot more management around the starting pitcher's

0:15:47.520 --> 0:15:50.160
<v Speaker 5>time on the mound. I'm curious to get your take

0:15:50.200 --> 0:15:52.360
<v Speaker 5>on what this means for the starting pitcher's role as

0:15:52.360 --> 0:15:54.920
<v Speaker 5>we head into the mid twenty twenties. Is the starting

0:15:54.960 --> 0:15:57.880
<v Speaker 5>pitcher's role being diminished? I mean the San Francisco Giants

0:15:57.960 --> 0:16:01.360
<v Speaker 5>last year often went to the bullpen after two or three.

0:16:00.760 --> 0:16:04.000
<v Speaker 3>Yeah, it's the definition of insanity doing the same thing

0:16:04.080 --> 0:16:06.720
<v Speaker 3>over and over again expecting different results. This is the

0:16:06.720 --> 0:16:10.240
<v Speaker 3>one area that won't change until there's a rule change,

0:16:10.280 --> 0:16:12.760
<v Speaker 3>and it's common. They just can't enforce it right away

0:16:12.760 --> 0:16:15.400
<v Speaker 3>because they just made two great, three great rule changes

0:16:15.760 --> 0:16:18.440
<v Speaker 3>to do exactly what you just said. But the starting

0:16:18.480 --> 0:16:21.840
<v Speaker 3>pitching has been trying to be eliminated by analytics for

0:16:21.880 --> 0:16:24.760
<v Speaker 3>a long time, and then they realized about halfway through,

0:16:24.840 --> 0:16:27.520
<v Speaker 3>oh shoot, this can't happen. We need starting pitching and

0:16:27.560 --> 0:16:30.160
<v Speaker 3>there is none to be found. So that's what everybody's

0:16:30.200 --> 0:16:33.680
<v Speaker 3>looking for. But that's what everything's breaking down. The reward

0:16:33.760 --> 0:16:35.960
<v Speaker 3>system is why the players are chasing it, and I

0:16:36.000 --> 0:16:38.680
<v Speaker 3>don't blame them, but the reward system is flawed. You're

0:16:38.720 --> 0:16:41.000
<v Speaker 3>asking pitchers to throw as hard as they can, spin

0:16:41.080 --> 0:16:43.040
<v Speaker 3>it as much as they can, and then, oh, by

0:16:43.040 --> 0:16:45.120
<v Speaker 3>the way, limit what they do once they get near

0:16:45.160 --> 0:16:48.479
<v Speaker 3>one hundred pitches. It's a broke system. It's a broke philosophy.

0:16:48.680 --> 0:16:51.160
<v Speaker 3>You won't hear anybody talk about it. I've been talking

0:16:51.200 --> 0:16:54.160
<v Speaker 3>about it for ten years. But until there's rule changes,

0:16:54.320 --> 0:16:57.640
<v Speaker 3>nothing will change because philosophically they think this is the

0:16:57.680 --> 0:17:00.800
<v Speaker 3>way to navigate a season. The end of the season,

0:17:00.840 --> 0:17:03.720
<v Speaker 3>you'll have thirty to forty pitchers go through your roster

0:17:04.320 --> 0:17:08.239
<v Speaker 3>per team. Think about that. That's impossible to sustain. So

0:17:08.480 --> 0:17:11.600
<v Speaker 3>I hope that we get to the next phase of

0:17:11.640 --> 0:17:14.159
<v Speaker 3>what the game is moving in a great place with

0:17:14.280 --> 0:17:18.040
<v Speaker 3>great talent. These are some of the best pitching prospects

0:17:18.040 --> 0:17:21.440
<v Speaker 3>and arms we have ever seen, but we don't get

0:17:21.440 --> 0:17:24.359
<v Speaker 3>to see them long enough because of the injuries. That's

0:17:24.400 --> 0:17:26.879
<v Speaker 3>what I have been burdened by. That's why I have

0:17:26.960 --> 0:17:30.080
<v Speaker 3>been kind of screaming at the mountaintop. This doesn't work,

0:17:30.440 --> 0:17:33.560
<v Speaker 3>it never will work, and we're asking people to just

0:17:33.640 --> 0:17:36.639
<v Speaker 3>get brainwashed to think that this is the new normal.

0:17:36.920 --> 0:17:39.320
<v Speaker 5>What kind of rule do you think would work and

0:17:39.440 --> 0:17:42.720
<v Speaker 5>how do you think that will change way pitchers are compensated.

0:17:42.960 --> 0:17:45.840
<v Speaker 3>Well, much like the rule changes that exist today, nobody

0:17:45.920 --> 0:17:48.240
<v Speaker 3>was going to change the way they played baseball. Now

0:17:48.240 --> 0:17:50.800
<v Speaker 3>they have to. You can't stay stuck in the last

0:17:50.800 --> 0:17:54.440
<v Speaker 3>seven years and play the analytic kind of stratomatic baseball

0:17:54.680 --> 0:17:57.840
<v Speaker 3>because the rule changes have enhanced you to change your philosophy.

0:17:58.119 --> 0:18:01.760
<v Speaker 3>So when a rule change, similar to roster manipulation, you

0:18:02.280 --> 0:18:04.840
<v Speaker 3>limit how many pitchers could be on a roster, You

0:18:04.920 --> 0:18:07.000
<v Speaker 3>limit how many times they can come up and down.

0:18:07.080 --> 0:18:10.000
<v Speaker 3>Those are ways to change philosophy of how you ask

0:18:10.040 --> 0:18:13.320
<v Speaker 3>a starter to pitch more innings. I floated an idea

0:18:13.320 --> 0:18:15.040
<v Speaker 3>a long time ago, and they thought I had fell

0:18:15.040 --> 0:18:17.080
<v Speaker 3>off a tree and hit my head, because they said,

0:18:17.080 --> 0:18:19.240
<v Speaker 3>that's the dumbest thing I've ever heard. But there are

0:18:19.280 --> 0:18:22.080
<v Speaker 3>no such things as dumb things anymore when you want

0:18:22.080 --> 0:18:24.920
<v Speaker 3>to change the course of action, So I said, why

0:18:24.920 --> 0:18:27.600
<v Speaker 3>don't you tie your starting pitcher to the DH And

0:18:27.640 --> 0:18:30.880
<v Speaker 3>they're like, that's terrible. I said, no, it's a competitive advantage. Now.

0:18:31.240 --> 0:18:33.800
<v Speaker 3>If you want your DH in the game longer, then

0:18:33.880 --> 0:18:36.200
<v Speaker 3>your starter will go longer. If you want to pitch

0:18:36.200 --> 0:18:38.360
<v Speaker 3>a guy two innings, then you got to pinch hit

0:18:38.400 --> 0:18:40.359
<v Speaker 3>the rest of the game. Those are the kind of

0:18:40.400 --> 0:18:43.199
<v Speaker 3>ideas you've got to think innovatively if you want to

0:18:43.320 --> 0:18:46.760
<v Speaker 3>change the philosophy of how pitching is being managed, because

0:18:46.840 --> 0:18:49.919
<v Speaker 3>right now, the same thing's going to happen in the

0:18:49.960 --> 0:18:52.520
<v Speaker 3>rest of the time, because this is what they figured out.

0:18:53.000 --> 0:18:55.919
<v Speaker 3>I have enough arms. They're not ready, but I have

0:18:56.119 --> 0:18:59.720
<v Speaker 3>enough arms to fulfill a calendar year if some of

0:18:59.760 --> 0:19:02.720
<v Speaker 3>my eyes get hurt or I'm kind of managing the innings.

0:19:03.240 --> 0:19:05.439
<v Speaker 2>See now, and that brings me up to what you

0:19:05.560 --> 0:19:09.919
<v Speaker 2>said to what happened Renaul Blanco, He already pitched a

0:19:10.000 --> 0:19:12.719
<v Speaker 2>no hitter, and he was on his way on a

0:19:12.880 --> 0:19:18.080
<v Speaker 2>second no hitter, and the Astros manager then pulled him

0:19:18.119 --> 0:19:22.600
<v Speaker 2>after ninety four pitches. Now, and there are both sides

0:19:22.640 --> 0:19:25.040
<v Speaker 2>to this argument here, It's like, all right, wait, first

0:19:25.080 --> 0:19:28.280
<v Speaker 2>of all, he's throwing ninety four pitches, but he's on

0:19:28.320 --> 0:19:33.000
<v Speaker 2>a no hitter. And I'm still unclear what side to

0:19:33.080 --> 0:19:34.600
<v Speaker 2>fall on about this.

0:19:34.720 --> 0:19:39.520
<v Speaker 3>John, Well, imagine how fixated your brain has been the

0:19:39.600 --> 0:19:43.600
<v Speaker 3>last ten years about pitch count. There's no scientific evidence

0:19:43.640 --> 0:19:46.639
<v Speaker 3>to pitch counts, none, But we think a guy's going

0:19:46.720 --> 0:19:49.040
<v Speaker 3>to break once he gets to one hundred. I've watched

0:19:49.080 --> 0:19:51.200
<v Speaker 3>games with people and they go, oh my gosh, he's

0:19:51.200 --> 0:19:53.520
<v Speaker 3>got ninety eight pitches. I said, don't worry, he's not

0:19:53.520 --> 0:19:56.320
<v Speaker 3>going to break. Like we think that they have come

0:19:56.400 --> 0:20:00.960
<v Speaker 3>up with a number that universally transformed a pitcher into

0:20:01.040 --> 0:20:04.159
<v Speaker 3>an ridge injury risk. Here's the problem with that. Not

0:20:04.280 --> 0:20:07.399
<v Speaker 3>everybody's the same. You could have a clean game, clean mechanics,

0:20:07.400 --> 0:20:09.359
<v Speaker 3>and not be in any stress. That number is not

0:20:09.520 --> 0:20:11.440
<v Speaker 3>relevant to a guy who's getting out of a jam,

0:20:11.480 --> 0:20:15.120
<v Speaker 3>pitching in a lot of trouble, and throwing with bad mechanics.

0:20:15.400 --> 0:20:18.200
<v Speaker 3>I would argue that the pitch count single handedly has

0:20:18.320 --> 0:20:21.359
<v Speaker 3>hurt the game in the way that we manage it

0:20:21.440 --> 0:20:24.960
<v Speaker 3>and the way that they have these golden rules. See again,

0:20:25.600 --> 0:20:30.119
<v Speaker 3>analytics came into the game not almost guarantee them that

0:20:30.160 --> 0:20:32.159
<v Speaker 3>they would put players in the best place to be

0:20:32.240 --> 0:20:36.000
<v Speaker 3>successful and keep them healthy. Well, only half of that's

0:20:36.040 --> 0:20:39.600
<v Speaker 3>been true, and so you never talk about keeping them

0:20:39.600 --> 0:20:42.760
<v Speaker 3>healthy because they know that doesn't work. So when they

0:20:42.920 --> 0:20:46.000
<v Speaker 3>play it safe and they're rewarding a pitcher to not

0:20:46.040 --> 0:20:49.680
<v Speaker 3>throw one hundred or that is the most ridiculous line

0:20:49.680 --> 0:20:52.600
<v Speaker 3>of thinking because if it was working, I would never

0:20:52.640 --> 0:20:55.000
<v Speaker 3>say a work. If all of a sudden the injuries

0:20:55.040 --> 0:20:57.840
<v Speaker 3>got cut in half because we monitored the pitch count,

0:20:58.040 --> 0:21:01.119
<v Speaker 3>then I'd say, wow, that's pretty cool. But it's not working,

0:21:01.440 --> 0:21:05.040
<v Speaker 3>and it doesn't. So that's an artificial number that's been

0:21:05.119 --> 0:21:08.119
<v Speaker 3>thrown out there that you can't get fired by and

0:21:08.160 --> 0:21:10.679
<v Speaker 3>you can't get critiqued by if you adhere to it.

0:21:11.119 --> 0:21:14.120
<v Speaker 3>So just watch the next pitcher that throws one hundred

0:21:14.160 --> 0:21:15.959
<v Speaker 3>and fifteen or one hundred and twenty pitches. If we

0:21:16.000 --> 0:21:19.439
<v Speaker 3>get there, yeah, they're gonna push him back, save us.

0:21:19.640 --> 0:21:22.359
<v Speaker 3>Like They're going to do so many things because they

0:21:22.440 --> 0:21:25.520
<v Speaker 3>feel like they have to based on like I said,

0:21:25.600 --> 0:21:28.600
<v Speaker 3>what everybody believes is one hundred pitches and if you

0:21:28.680 --> 0:21:31.040
<v Speaker 3>go north to that, you're running the risk of trouble.

0:21:31.400 --> 0:21:35.359
<v Speaker 3>Yet yet come postseason, all rules are gone.

0:21:35.520 --> 0:21:35.720
<v Speaker 8>Yeah.

0:21:35.840 --> 0:21:39.000
<v Speaker 3>Right, at the worst time, the most risk time of

0:21:39.040 --> 0:21:41.680
<v Speaker 3>the year, all those rules go out the window. And

0:21:41.760 --> 0:21:45.440
<v Speaker 3>I kind of somehow chuckle, thinking, oh, really that this

0:21:45.680 --> 0:21:48.080
<v Speaker 3>time of the year. Now we don't have any handcuffs

0:21:48.080 --> 0:21:51.160
<v Speaker 3>put on anybody. So it's pretty interesting how it plays out.

0:21:51.280 --> 0:21:53.320
<v Speaker 11>Well, John, I'd love to spend all day talking about

0:21:53.320 --> 0:21:54.960
<v Speaker 11>Major League Baseball with you, but I'm gonna steal a

0:21:54.960 --> 0:21:58.000
<v Speaker 11>phrase from my colleague Michael bar golf golf, golf, golf, golf, golf, golf.

0:21:58.200 --> 0:22:01.320
<v Speaker 11>And you know, we have the I mean the American

0:22:01.359 --> 0:22:04.840
<v Speaker 11>Century Championship coming up. I mean our audience knows how

0:22:04.920 --> 0:22:07.080
<v Speaker 11>involved in that you are. I mean, my goodness, Steph

0:22:07.160 --> 0:22:10.120
<v Speaker 11>Kerry with the Steph Curry, sorry, with the walk off

0:22:10.200 --> 0:22:13.439
<v Speaker 11>eagle putt netpik fashion last year. What are your chances

0:22:13.480 --> 0:22:14.840
<v Speaker 11>this year, mister Smolts, Are we going.

0:22:14.760 --> 0:22:17.040
<v Speaker 3>To take it? Yeah? I'm trending in the right direction.

0:22:17.400 --> 0:22:17.719
<v Speaker 2>I am.

0:22:19.280 --> 0:22:21.720
<v Speaker 3>In the two tournaments this year, I finished sixth at

0:22:21.800 --> 0:22:24.399
<v Speaker 3>finished second. I lost by one to Marty Fish in Dallas.

0:22:25.000 --> 0:22:27.200
<v Speaker 3>I made a bow to myself that would never happen

0:22:27.280 --> 0:22:29.320
<v Speaker 3>I had. I had a one shot lead going into

0:22:29.400 --> 0:22:33.000
<v Speaker 3>that hole and look lost. So it's a learning experience

0:22:33.160 --> 0:22:34.960
<v Speaker 3>and if I live or learned how to put those

0:22:35.240 --> 0:22:38.040
<v Speaker 3>Tahoe greens, watch out. And that's what my mindset is.

0:22:38.440 --> 0:22:41.080
<v Speaker 3>It's the greatest tournament we have. It's an absolute blast.

0:22:41.119 --> 0:22:44.280
<v Speaker 3>I've raised so much money for great charities, and there's

0:22:44.320 --> 0:22:47.199
<v Speaker 3>a collection of celebrities that is unique to any other

0:22:47.280 --> 0:22:49.840
<v Speaker 3>time of the world, in any other setting. And it's

0:22:49.920 --> 0:22:52.600
<v Speaker 3>the perfect setting for July. The weather's great, the place

0:22:52.920 --> 0:22:53.600
<v Speaker 3>night here.

0:22:53.600 --> 0:22:56.600
<v Speaker 11>I mean Southy, I mean John, whit do you stay?

0:22:56.600 --> 0:22:58.480
<v Speaker 11>Do you stay on somebody's boat? I mean, what would

0:22:58.480 --> 0:23:01.000
<v Speaker 11>tell you to stay? And when you're out there, we.

0:23:01.160 --> 0:23:04.160
<v Speaker 3>Stay in a two bedroom condo down by all where

0:23:04.200 --> 0:23:07.600
<v Speaker 3>the boats are. It's an absolute great set up for

0:23:07.720 --> 0:23:11.240
<v Speaker 3>me and my wife and Greg Olsen, my former catcher.

0:23:11.320 --> 0:23:13.159
<v Speaker 3>He's caddying for me and his wife. We have an

0:23:13.160 --> 0:23:15.879
<v Speaker 3>absolute blast. The beauty of this year. I'll be out

0:23:15.920 --> 0:23:18.560
<v Speaker 3>there all week because the All Star Game, luckily for me,

0:23:19.320 --> 0:23:22.520
<v Speaker 3>is after Tahoe. Normally it's right during the middle of

0:23:22.560 --> 0:23:25.119
<v Speaker 3>Tahoe and I come flying in by the seat of

0:23:25.200 --> 0:23:28.080
<v Speaker 3>my pants on Thursday and try to remember how to

0:23:28.119 --> 0:23:30.120
<v Speaker 3>play golf. So this is going to be a fun week.

0:23:30.680 --> 0:23:32.880
<v Speaker 5>You have played in ten of these events, and you've

0:23:32.920 --> 0:23:35.040
<v Speaker 5>made the cut in nine of them, and there have

0:23:35.119 --> 0:23:38.080
<v Speaker 5>been a lot of questions about whether you could turn professional.

0:23:38.680 --> 0:23:40.480
<v Speaker 5>Where do you stand on that right now, especially with

0:23:40.720 --> 0:23:44.440
<v Speaker 5>the whole Live Versus PGA saga and drama that's taking place.

0:23:44.920 --> 0:23:47.640
<v Speaker 3>My biggest thing is I love competition and I love competing.

0:23:48.200 --> 0:23:52.479
<v Speaker 3>For the US Senior Open, I missed the Open by

0:23:52.520 --> 0:23:57.320
<v Speaker 3>one shot. I almost qualified again. I've got brand new hips.

0:23:57.720 --> 0:24:02.040
<v Speaker 3>I'm excited about getting physically in shape again. I'll be honest,

0:24:02.040 --> 0:24:04.159
<v Speaker 3>the last five years have been miserable for me. I've

0:24:04.200 --> 0:24:06.080
<v Speaker 3>been trying to fake it and get through it. But

0:24:06.160 --> 0:24:08.120
<v Speaker 3>I finally bit the bullet. This will be the first

0:24:08.200 --> 0:24:10.720
<v Speaker 3>golf tournament at Tahoe. I'll have two new hips that

0:24:11.200 --> 0:24:13.800
<v Speaker 3>walking five and a half hours won't matter as far

0:24:13.840 --> 0:24:16.399
<v Speaker 3>as the professional ranks. I still want to qualify for

0:24:16.520 --> 0:24:19.680
<v Speaker 3>things I want to try. But I'm fifty seven, and

0:24:19.880 --> 0:24:22.960
<v Speaker 3>as long as I can stay healthy, I love competition

0:24:23.119 --> 0:24:26.240
<v Speaker 3>and I love competing. Nothing I will ever do will

0:24:26.280 --> 0:24:28.600
<v Speaker 3>be full time because I have a full time job

0:24:28.680 --> 0:24:31.000
<v Speaker 3>with Fox and they've been great allowing me to play

0:24:31.040 --> 0:24:33.639
<v Speaker 3>in these selected events. So I have kind of the

0:24:33.720 --> 0:24:37.560
<v Speaker 3>best of both worlds and I'm very blessed to be able.

0:24:37.440 --> 0:24:37.920
<v Speaker 1>To do what I do.

0:24:38.240 --> 0:24:41.760
<v Speaker 2>That's eight time MLB All Star pitcher and now Fox

0:24:41.800 --> 0:24:45.200
<v Speaker 2>Sports analyst John Smoltz. If you missed any of that conversation,

0:24:45.359 --> 0:24:48.720
<v Speaker 2>take a listen now on the Bloomberg Business of Sports podcast.

0:24:49.200 --> 0:24:52.320
<v Speaker 2>Find it on Apple, Spotify and anywhere you get your

0:24:52.400 --> 0:24:55.680
<v Speaker 2>podcasts up. Next, we turn to the world of women's

0:24:55.720 --> 0:24:59.119
<v Speaker 2>golf and a firm that's been helping to elevate it.

0:24:59.440 --> 0:25:02.520
<v Speaker 2>You're listening to the Bloomberg Business of Sports from Bloomberg

0:25:02.640 --> 0:25:03.920
<v Speaker 2>Radio around the world.

0:25:09.640 --> 0:25:13.560
<v Speaker 3>This is Bloomberg Business of Sports from Bloomberg Radio.

0:25:15.560 --> 0:25:17.760
<v Speaker 2>This is the Bloomberg Business of Sports show, but we

0:25:17.880 --> 0:25:19.960
<v Speaker 2>explore the big money issues in the world of sports.

0:25:20.280 --> 0:25:23.040
<v Speaker 2>I'm Michael Barr along with my colleague Scarlett Foo and

0:25:23.359 --> 0:25:27.680
<v Speaker 2>Damien Sassaur. Golf golf, golf, golf, golf, Yes, we have

0:25:27.880 --> 0:25:31.639
<v Speaker 2>it right here, and we have Stacy Lewis with the

0:25:32.000 --> 0:25:38.120
<v Speaker 2>LPGA Tour and Paul Knopp, the CEO of KPMG. Thank

0:25:38.200 --> 0:25:40.560
<v Speaker 2>you so much, first of all for joining us on

0:25:40.600 --> 0:25:43.400
<v Speaker 2>the Bloomberg Business of Sports. We appreciate which to be here.

0:25:43.480 --> 0:25:44.760
<v Speaker 10>Yes, thank you for having us.

0:25:45.200 --> 0:25:47.920
<v Speaker 2>Well, let's start. First of all, I want to talk

0:25:47.960 --> 0:25:50.520
<v Speaker 2>about the status of golf. I want to talk about

0:25:51.000 --> 0:25:55.440
<v Speaker 2>where women's golf is today. Thank goodness, it is. It's

0:25:55.520 --> 0:26:02.479
<v Speaker 2>gaining steam every year, and eventually the broadcasting rights are

0:26:02.760 --> 0:26:05.680
<v Speaker 2>going to be going through the roof because it is

0:26:05.720 --> 0:26:06.760
<v Speaker 2>an exciting product.

0:26:07.119 --> 0:26:09.359
<v Speaker 10>It is it is, and we're in a great spot

0:26:09.440 --> 0:26:12.320
<v Speaker 10>as a tour. You know, purses are as high as

0:26:12.320 --> 0:26:15.000
<v Speaker 10>they've ever been, and you know, we're just we're continuing

0:26:15.040 --> 0:26:19.119
<v Speaker 10>to push, push for higher persons, more exposure for all

0:26:19.200 --> 0:26:22.560
<v Speaker 10>the players. But we're in a really great spot right now.

0:26:22.760 --> 0:26:25.200
<v Speaker 5>I want to bring Paul into this conversation because Paul,

0:26:25.600 --> 0:26:27.960
<v Speaker 5>you and Stacy have kind of been working together for

0:26:28.080 --> 0:26:31.239
<v Speaker 5>a while now, and at a KPMG kind event more

0:26:31.240 --> 0:26:33.399
<v Speaker 5>than ten years ago, it was Stacy who planted the

0:26:33.440 --> 0:26:37.360
<v Speaker 5>seed for what became the KPMG Women's PGA Championship. Can

0:26:37.440 --> 0:26:39.080
<v Speaker 5>you tell us a story of how that came together?

0:26:39.600 --> 0:26:42.840
<v Speaker 6>Sure, we have been a sponsor of Stacy since twenty

0:26:43.040 --> 0:26:46.920
<v Speaker 6>twelve and It was in twenty twelve that Stacey started

0:26:47.560 --> 0:26:51.320
<v Speaker 6>not only being our brand ambassador, but she also started

0:26:51.440 --> 0:26:54.560
<v Speaker 6>playing with clients at events and are then chair and

0:26:54.680 --> 0:26:57.719
<v Speaker 6>CEO John V. Meyer was at one of those events

0:26:57.800 --> 0:27:01.159
<v Speaker 6>where he heard Stacy talking about out the need to

0:27:01.240 --> 0:27:05.080
<v Speaker 6>elevate women's golf to ensure that they're playing on better courses,

0:27:05.240 --> 0:27:09.720
<v Speaker 6>iconic courses, courses where men played major championships, and a

0:27:09.840 --> 0:27:13.960
<v Speaker 6>real need to ensure the purses increase over time. And

0:27:14.119 --> 0:27:16.560
<v Speaker 6>John took note of that when she said that, and

0:27:17.200 --> 0:27:20.680
<v Speaker 6>that really did plant the seed for the title sponsorship

0:27:20.840 --> 0:27:24.200
<v Speaker 6>of a women's major event, which we started sponsoring in

0:27:24.280 --> 0:27:29.119
<v Speaker 6>twenty fifteen with a KPMG Women's PGA Championship. We feel like,

0:27:29.400 --> 0:27:31.040
<v Speaker 6>you know, over that course of that time, we've been

0:27:31.080 --> 0:27:34.399
<v Speaker 6>a real catalyst for change. In twenty fifteen, it was

0:27:34.480 --> 0:27:36.919
<v Speaker 6>only two point twenty five million. Wow, so it's increased

0:27:36.960 --> 0:27:40.399
<v Speaker 6>three hundred and sixty percent. And the winners share that

0:27:40.600 --> 0:27:43.320
<v Speaker 6>perse has increased from three hundred and thirty seven thousand

0:27:43.359 --> 0:27:46.359
<v Speaker 6>to one point five six million, the same three hundred

0:27:46.359 --> 0:27:48.240
<v Speaker 6>and sixty percent. And at the same time, you know,

0:27:48.320 --> 0:27:50.720
<v Speaker 6>the women the last ten years that we've been sponsoring

0:27:50.800 --> 0:27:54.320
<v Speaker 6>this tournament have played on these iconic courses where men

0:27:54.440 --> 0:27:58.080
<v Speaker 6>have played majors, so really excited about that kind of

0:27:58.240 --> 0:27:59.920
<v Speaker 6>change over the course of the last ten years.

0:28:00.280 --> 0:28:02.080
<v Speaker 2>Now, Paul, you got to help an old man here,

0:28:02.119 --> 0:28:07.920
<v Speaker 2>because KPMG is introducing new technology to help elevate women's

0:28:08.000 --> 0:28:11.760
<v Speaker 2>golf further. My technology is the roadary phone. So can

0:28:11.840 --> 0:28:15.240
<v Speaker 2>you explain what your technology G is and how it's

0:28:15.280 --> 0:28:15.920
<v Speaker 2>helping the game.

0:28:16.320 --> 0:28:18.760
<v Speaker 6>Yes, and that's been an evolution too. So three years

0:28:18.800 --> 0:28:22.879
<v Speaker 6>ago we put in place something called KPMG Performance Insights,

0:28:23.640 --> 0:28:27.080
<v Speaker 6>and that was really meant to give the women on

0:28:27.200 --> 0:28:31.640
<v Speaker 6>the LPGA Tour many of the same technology benefits, data

0:28:31.640 --> 0:28:34.960
<v Speaker 6>and benefits that the men had on the PGA Tour.

0:28:35.640 --> 0:28:40.040
<v Speaker 6>Now we have elevated that immensely starting this year in

0:28:40.160 --> 0:28:45.160
<v Speaker 6>this tournament with enhancing KPMG Performance Insights. What we do

0:28:45.240 --> 0:28:48.920
<v Speaker 6>for a living at KPMG we create solutions to companies'

0:28:49.000 --> 0:28:52.640
<v Speaker 6>most complex technology problems and data analytic problems. And with

0:28:52.800 --> 0:28:56.800
<v Speaker 6>respect to the enhancements this year, we have integrated, along

0:28:56.920 --> 0:29:00.600
<v Speaker 6>with the partnership with the PGA of America and T

0:29:00.880 --> 0:29:06.960
<v Speaker 6>Mobile technology to allow real time shot data for every shot,

0:29:07.360 --> 0:29:11.440
<v Speaker 6>approximately twenty four thousand shots in the tournament. That will

0:29:11.520 --> 0:29:14.920
<v Speaker 6>be measured during real time during the course of the tournament,

0:29:15.280 --> 0:29:18.200
<v Speaker 6>so that it allows several things to happen. One and

0:29:18.320 --> 0:29:22.120
<v Speaker 6>most importantly, it allows the women on the LPGA Tour

0:29:22.640 --> 0:29:25.760
<v Speaker 6>to have real time data to diagnose their game, understand

0:29:25.800 --> 0:29:29.000
<v Speaker 6>their game, improve their game. You can imagine somebody finishes

0:29:29.040 --> 0:29:32.680
<v Speaker 6>their around, they have every shot capture, they have knowledge.

0:29:32.360 --> 0:29:33.000
<v Speaker 2>About what they did.

0:29:33.040 --> 0:29:35.320
<v Speaker 6>If they have a particular issue with their game during

0:29:35.360 --> 0:29:37.400
<v Speaker 6>the course of the day, they can go work on

0:29:37.560 --> 0:29:41.640
<v Speaker 6>that with that real time data. There's also another aspect

0:29:41.680 --> 0:29:43.080
<v Speaker 6>to what we've done this here too, and that is

0:29:43.160 --> 0:29:49.520
<v Speaker 6>integrated artificial intelligence into KPMG Performance Insights, and that will

0:29:49.560 --> 0:29:53.040
<v Speaker 6>be used by the media by the booth to understand

0:29:53.400 --> 0:29:57.440
<v Speaker 6>the odds around the players making the cut, around finishing

0:29:57.520 --> 0:30:00.280
<v Speaker 6>the top five, top twenty, maybe even winning the ornament.

0:30:00.760 --> 0:30:04.000
<v Speaker 6>So there's a couple of real important enhancements this year.

0:30:04.680 --> 0:30:06.640
<v Speaker 6>There's also going to be something this year called KPMG

0:30:06.840 --> 0:30:09.880
<v Speaker 6>champ Cast, which is available through the app, the PGA

0:30:10.400 --> 0:30:13.960
<v Speaker 6>app that will allow fans to follow their favorite players

0:30:14.040 --> 0:30:17.000
<v Speaker 6>and watch their shots they're tracing in their shots, understand

0:30:17.040 --> 0:30:19.040
<v Speaker 6>how their players are performing during the course of the day.

0:30:19.400 --> 0:30:21.200
<v Speaker 11>So talk to us a little bit about, you know,

0:30:21.280 --> 0:30:24.040
<v Speaker 11>the role that KPMG plays with you know, ladies golf.

0:30:24.080 --> 0:30:26.120
<v Speaker 11>I mean, we know that in addition to the fact

0:30:26.120 --> 0:30:28.560
<v Speaker 11>that you were the first marctor to pay an LPGA

0:30:28.640 --> 0:30:30.720
<v Speaker 11>player Stacy in this case while on maternity to leave,

0:30:30.760 --> 0:30:33.720
<v Speaker 11>you're also very involved in women's the women's leadership some

0:30:33.880 --> 0:30:35.320
<v Speaker 11>and I believe Geena Davis is going to be the

0:30:35.400 --> 0:30:38.520
<v Speaker 11>keynote at that event at this year's major. Talk to

0:30:38.600 --> 0:30:41.000
<v Speaker 11>us a little bit about KPMG, your role as a

0:30:41.040 --> 0:30:42.640
<v Speaker 11>sponsor and your role with women's golf.

0:30:42.920 --> 0:30:46.920
<v Speaker 6>Sure, so I talked about the original vision for this event,

0:30:47.040 --> 0:30:51.520
<v Speaker 6>and the vision really has three pillars. One is absolutely

0:30:51.760 --> 0:30:54.800
<v Speaker 6>first and foremost, the Women's PGA Championships. The second is

0:30:54.840 --> 0:30:56.800
<v Speaker 6>we decided we wanted to able to elevate women both

0:30:56.960 --> 0:30:59.520
<v Speaker 6>on and off the course, so we put in place

0:31:00.160 --> 0:31:03.040
<v Speaker 6>KPMG Women's Leadership Summit, which happens the day before the

0:31:03.240 --> 0:31:07.880
<v Speaker 6>tournament begins, and that is women that are one or

0:31:07.920 --> 0:31:10.520
<v Speaker 6>two steps from the c suite, nominated by the CEOs

0:31:10.560 --> 0:31:16.120
<v Speaker 6>of their organizations, come to listen to leaders from business, politics, media, entertainment.

0:31:16.520 --> 0:31:19.640
<v Speaker 6>It's leadership development and during the course of the day

0:31:20.360 --> 0:31:23.400
<v Speaker 6>they hear from many different speakers, and we talk about

0:31:23.440 --> 0:31:26.560
<v Speaker 6>being a catalyst for change at KPMG. When we started

0:31:26.600 --> 0:31:29.800
<v Speaker 6>this in twenty fifteen, this was the only women's leadership

0:31:29.840 --> 0:31:35.960
<v Speaker 6>conference affiliated with a LPGA tournament that Catalyst has allowed.

0:31:36.000 --> 0:31:40.520
<v Speaker 6>For now there are twenty women's leadership conferences affiliated with

0:31:40.680 --> 0:31:44.640
<v Speaker 6>LPGA tour events. So we feel really great about bringing

0:31:44.680 --> 0:31:47.440
<v Speaker 6>about more change so that more women can be elevated

0:31:47.440 --> 0:31:49.720
<v Speaker 6>to the c suite, and we're seeing it at many

0:31:49.800 --> 0:31:53.120
<v Speaker 6>more LPGA tournaments today. The third dimension, just real quickly,

0:31:53.240 --> 0:31:56.360
<v Speaker 6>is the net proceeds of the KPMG Women's PGA Championship

0:31:56.680 --> 0:32:00.680
<v Speaker 6>and the Summit go to sponsoring the Future Leaders Program

0:32:01.040 --> 0:32:04.680
<v Speaker 6>young mostly people of women of color in high school,

0:32:04.720 --> 0:32:08.280
<v Speaker 6>getting college scholarships mentorships. So we feel really great about

0:32:08.320 --> 0:32:10.800
<v Speaker 6>those three dimensions of this experience.

0:32:11.040 --> 0:32:12.920
<v Speaker 11>Well, Paul, I'll tell you you know, there's one person

0:32:12.960 --> 0:32:15.400
<v Speaker 11>who won't be speaking, and that's our own Bloomberg TV anchor,

0:32:15.440 --> 0:32:18.720
<v Speaker 11>Scarlett Foo and she should be because she's just wonderful.

0:32:18.800 --> 0:32:20.120
<v Speaker 11>Now I'm just kidding, but let me ask you this,

0:32:20.240 --> 0:32:21.480
<v Speaker 11>I mean, let me sift it over to you.

0:32:21.560 --> 0:32:21.960
<v Speaker 2>Stacy.

0:32:22.040 --> 0:32:24.000
<v Speaker 11>I want to ask you about the soul I'm cup,

0:32:24.040 --> 0:32:25.560
<v Speaker 11>I mean, your captain of the team for the second

0:32:25.640 --> 0:32:26.920
<v Speaker 11>year in a row. I think it's switched to an

0:32:26.960 --> 0:32:29.160
<v Speaker 11>even year now. Talk to us a little bit about

0:32:29.200 --> 0:32:31.440
<v Speaker 11>I think it's in September. I think it's in Virginia.

0:32:32.000 --> 0:32:33.440
<v Speaker 11>Talk to us a little bit about your prep and

0:32:33.480 --> 0:32:34.960
<v Speaker 11>the lead up to that event. What does it take

0:32:35.000 --> 0:32:37.479
<v Speaker 11>to be a captain of that team, and what's going

0:32:37.520 --> 0:32:39.520
<v Speaker 11>to go into your criteria for deciding who's going to

0:32:39.560 --> 0:32:40.000
<v Speaker 11>be on it.

0:32:40.520 --> 0:32:45.080
<v Speaker 10>It's another full time job. It's like having about fifteen kids.

0:32:45.200 --> 0:32:48.520
<v Speaker 10>You know, you're kind of worried about their games. You're

0:32:48.520 --> 0:32:51.120
<v Speaker 10>watching their games, how they're playing, but you're always also

0:32:51.280 --> 0:32:53.480
<v Speaker 10>kind of trying to know what's going on off the

0:32:53.560 --> 0:32:57.040
<v Speaker 10>golf course, you know, because it affects play quite a bit,

0:32:57.800 --> 0:32:59.760
<v Speaker 10>So kind of just knowing what's going on in their

0:32:59.800 --> 0:33:03.040
<v Speaker 10>lives and how they're playing. But then behind the scenes

0:33:03.120 --> 0:33:06.480
<v Speaker 10>where we're planning, you know, what clothes they're wearing, what

0:33:06.560 --> 0:33:08.320
<v Speaker 10>the bags look like, what the schedule is going to

0:33:08.360 --> 0:33:10.280
<v Speaker 10>be for the week, what the menus are going to

0:33:10.320 --> 0:33:13.240
<v Speaker 10>look like. So as captain, you get to you literally

0:33:13.360 --> 0:33:17.560
<v Speaker 10>decide everything. So so I've really really enjoyed it, and

0:33:18.320 --> 0:33:20.400
<v Speaker 10>you know, we're we're kind of getting to the crunch

0:33:20.440 --> 0:33:23.400
<v Speaker 10>stage now where we're really starting to track who's going

0:33:23.480 --> 0:33:26.360
<v Speaker 10>to make the team, and KPMG's helped me out with

0:33:26.480 --> 0:33:30.440
<v Speaker 10>that with access to you know, the performance insights and

0:33:31.360 --> 0:33:34.720
<v Speaker 10>using data to help predict who's going to make the

0:33:34.760 --> 0:33:37.520
<v Speaker 10>team and also potential pairings and things like that.

0:33:38.000 --> 0:33:39.840
<v Speaker 5>Stacey, I want to follow up and kind of take

0:33:39.880 --> 0:33:41.600
<v Speaker 5>a big step back for a moment and just talk

0:33:41.640 --> 0:33:43.400
<v Speaker 5>a little bit about the state of golf right now.

0:33:43.760 --> 0:33:46.400
<v Speaker 5>There is an uneasy truce right now between the PGA

0:33:46.680 --> 0:33:49.760
<v Speaker 5>and Live Golf, and I know the LPGA is separate

0:33:49.880 --> 0:33:52.960
<v Speaker 5>from what's happening between PGA and Live, but what has

0:33:53.000 --> 0:33:56.200
<v Speaker 5>it done for the sport? For you, as someone who's

0:33:56.240 --> 0:33:58.760
<v Speaker 5>kind of observing all of this, is it good for

0:33:58.920 --> 0:33:59.400
<v Speaker 5>the sport?

0:34:00.160 --> 0:34:02.560
<v Speaker 10>You know, it's it's honestly, from our perspective, it's been

0:34:02.640 --> 0:34:05.080
<v Speaker 10>hard to watch because I think it's put a negative

0:34:05.120 --> 0:34:08.920
<v Speaker 10>connotation on golf. And from the women's side, you know,

0:34:09.160 --> 0:34:12.279
<v Speaker 10>we've had no part of it, so so it's been

0:34:12.360 --> 0:34:14.319
<v Speaker 10>hard to watch. And it's and from our side too,

0:34:14.320 --> 0:34:17.480
<v Speaker 10>it's hard to watch these persons just continue to go

0:34:17.680 --> 0:34:20.640
<v Speaker 10>up on the men's side and while we're doing great

0:34:20.680 --> 0:34:22.680
<v Speaker 10>over here. I mean, the amount of money they're making

0:34:22.760 --> 0:34:26.120
<v Speaker 10>now is just is insane. So it's definitely been hard

0:34:26.160 --> 0:34:29.800
<v Speaker 10>from our perspective, but I do think they seem to

0:34:29.920 --> 0:34:32.759
<v Speaker 10>be getting closer to where we can get back to,

0:34:33.520 --> 0:34:35.520
<v Speaker 10>you know, to just playing golf and not being at

0:34:35.520 --> 0:34:38.840
<v Speaker 10>odds with each other and you know, making it about

0:34:38.840 --> 0:34:41.400
<v Speaker 10>the sport and about the athletes and the great players

0:34:41.440 --> 0:34:44.160
<v Speaker 10>that they are instead of, you know, instead of all

0:34:44.239 --> 0:34:45.360
<v Speaker 10>this money that they're making.

0:34:45.719 --> 0:34:49.360
<v Speaker 5>If the Saudis come in and would want to invest

0:34:49.440 --> 0:34:52.719
<v Speaker 5>in the LPGA or partner up with the LPGA as

0:34:52.760 --> 0:34:54.640
<v Speaker 5>a player, what what? What's your thoughts on that?

0:34:55.080 --> 0:34:57.400
<v Speaker 10>You know, personally, I'd be a little bit torn on it,

0:34:57.600 --> 0:34:59.480
<v Speaker 10>you know, I do. I do think there there is

0:34:59.560 --> 0:35:01.640
<v Speaker 10>a way, though, to make it work. I think there

0:35:01.640 --> 0:35:04.440
<v Speaker 10>would have to be some stipulations. You know, we'd have

0:35:04.560 --> 0:35:07.239
<v Speaker 10>to really find a way to advance women, because that's

0:35:07.280 --> 0:35:10.680
<v Speaker 10>what our tours about were about advancing women and giving

0:35:10.760 --> 0:35:13.520
<v Speaker 10>women opportunities not only to play golf, but you know,

0:35:13.680 --> 0:35:17.000
<v Speaker 10>to better their careers and their lives. And so there'd

0:35:17.080 --> 0:35:19.560
<v Speaker 10>have to be a lot of stipulations I believe around that.

0:35:19.840 --> 0:35:23.080
<v Speaker 10>And obviously that hasn't happened yet, so because we're not there,

0:35:23.200 --> 0:35:26.399
<v Speaker 10>but I do think, you know, at some point it's

0:35:26.440 --> 0:35:28.400
<v Speaker 10>probably is probably going to happen.

0:35:28.760 --> 0:35:32.800
<v Speaker 2>I want to ask you, Stacy, probably the Caitlin Clark

0:35:33.000 --> 0:35:37.759
<v Speaker 2>impact on women's sports, good question, has just been phenomenal,

0:35:38.360 --> 0:35:41.719
<v Speaker 2>and I would like to ask, how do you think

0:35:42.000 --> 0:35:45.040
<v Speaker 2>the impact has been for women's golfing?

0:35:45.200 --> 0:35:45.359
<v Speaker 8>Well?

0:35:45.440 --> 0:35:48.120
<v Speaker 10>As a mom of a daughter, I think it's it's

0:35:48.200 --> 0:35:50.839
<v Speaker 10>one of the most amazing things I've seen to see

0:35:51.200 --> 0:35:52.800
<v Speaker 10>to be able to turn the TV on for my

0:35:52.960 --> 0:35:56.799
<v Speaker 10>daughter and she can see women playing sports, playing basketball,

0:35:56.920 --> 0:36:00.920
<v Speaker 10>playing softball, playing golf. You know, that's something that I

0:36:00.960 --> 0:36:02.800
<v Speaker 10>didn't have when I was a kid, and so just

0:36:03.280 --> 0:36:06.400
<v Speaker 10>that we're starting to have that, having women's sports more

0:36:06.440 --> 0:36:10.560
<v Speaker 10>easily accessible on the ability to watch them, I just

0:36:10.960 --> 0:36:15.080
<v Speaker 10>I think it's tremendous and I think it shows what

0:36:16.120 --> 0:36:18.719
<v Speaker 10>when you get a TV partner like that to kind

0:36:18.719 --> 0:36:20.560
<v Speaker 10>of step up and say, hey, we may lose money

0:36:20.640 --> 0:36:22.520
<v Speaker 10>for a year or two, but we're going to step

0:36:22.600 --> 0:36:24.160
<v Speaker 10>up and we're going to figure this out, and we're

0:36:24.160 --> 0:36:26.440
<v Speaker 10>going to figure out a way to grow your sport,

0:36:26.600 --> 0:36:28.400
<v Speaker 10>and we're going to make money on the back end

0:36:28.440 --> 0:36:30.280
<v Speaker 10>of this. But we may lose money in the beginning,

0:36:30.440 --> 0:36:33.840
<v Speaker 10>and I think it's just been tremendous to watch that happen,

0:36:34.080 --> 0:36:37.440
<v Speaker 10>and I think it's a model for other sports and

0:36:37.480 --> 0:36:39.640
<v Speaker 10>how we can continue to push forward. You know, we

0:36:39.760 --> 0:36:41.680
<v Speaker 10>need to do a better job of talking each other

0:36:41.840 --> 0:36:44.880
<v Speaker 10>up and talking about how good the other players were

0:36:44.920 --> 0:36:48.240
<v Speaker 10>competed against our because that's what helps grow our sport.

0:36:48.719 --> 0:36:51.560
<v Speaker 2>Our Thanks to both Stacy Lewis and Paul could Not

0:36:52.040 --> 0:36:56.040
<v Speaker 2>for joining us. Paul is chair and CEO at KPMG,

0:36:56.440 --> 0:37:00.319
<v Speaker 2>which is celebrating its tenth anniversary of the KPMG It's

0:37:00.360 --> 0:37:04.560
<v Speaker 2>PGA Championship, and Stacy Lewis is the two time major champion,

0:37:04.719 --> 0:37:09.520
<v Speaker 2>winning LDPGA Pro. This is the Bloomberg Business of Sports Show.

0:37:09.680 --> 0:37:11.359
<v Speaker 2>We are here each and every week at the same

0:37:11.480 --> 0:37:15.040
<v Speaker 2>time for my colleagues Scarlett Fu and Damian Sassewer. I'm

0:37:15.080 --> 0:37:17.440
<v Speaker 2>Michael Barr. Tune in again next week for the latest

0:37:17.480 --> 0:37:20.040
<v Speaker 2>on the stories moving big old money in the world

0:37:20.120 --> 0:37:22.880
<v Speaker 2>of sports. You're listening to the Bloomberg Business of Sports

0:37:22.960 --> 0:37:26.719
<v Speaker 2>Bloomberg Radio round the world. Stay with us. Today's top

0:37:26.800 --> 0:37:29.680
<v Speaker 2>stories and global business headlines are coming up right now.