1
00:00:03,240 --> 00:00:06,640
Speaker 1: Hello, I'm Scotti, been Noby Wiltons, and I'm Michael Barr.

2
00:00:06,680 --> 00:00:09,840
Speaker 1: And you're listening to The Bloomberg Business of Sports, where

3
00:00:10,200 --> 00:00:13,560
Speaker 1: we explore the big money issues in the world as sports.

4
00:00:14,200 --> 00:00:15,760
Speaker 1: And there's a lot of forgot what we do on

5
00:00:15,760 --> 00:00:19,079
Speaker 1: the show? For a second, Well, no money, and that's

6
00:00:19,160 --> 00:00:21,639
Speaker 1: that's the whole point of the show. Man. It uh

7
00:00:22,200 --> 00:00:24,880
Speaker 1: you know what's Steve Phelps, president of NASCAR later in

8
00:00:24,920 --> 00:00:29,160
Speaker 1: the week. That's right. I enjoyed that chat. Yes that that.

9
00:00:29,360 --> 00:00:32,559
Speaker 1: I'm a NASCAR fan to enjoy that chat. That's right.

10
00:00:32,720 --> 00:00:35,200
Speaker 1: You you don't have to like peanut butter and jelly

11
00:00:35,240 --> 00:00:38,239
Speaker 1: to enjoy this sandwich. Man, this is good. Okay, Yes,

12
00:00:38,479 --> 00:00:40,519
Speaker 1: that was good. I thought it was clear. Anybody, what

13
00:00:40,560 --> 00:00:44,360
Speaker 1: are we talking about. Let's start changes in baseball because

14
00:00:44,800 --> 00:00:47,479
Speaker 1: with the day one five hundred coming up, it also

15
00:00:47,520 --> 00:00:51,080
Speaker 1: means that pitchers and catchers for a number of teams

16
00:00:51,159 --> 00:00:53,760
Speaker 1: have already happened. Yeah, they gotta practice banging on that

17
00:00:53,920 --> 00:00:59,240
Speaker 1: garbage can early get in there early. So you didn't

18
00:00:59,240 --> 00:01:01,880
Speaker 1: think I was gonna do that so fast. Novie Williams

19
00:01:01,960 --> 00:01:04,679
Speaker 1: daring in that younger demographic that they're trying to get

20
00:01:04,880 --> 00:01:07,520
Speaker 1: all these changes. What what's Rob Manfred up to? Yeah,

21
00:01:07,520 --> 00:01:10,280
Speaker 1: so there's discussion. It sounds like changes that would happen

22
00:01:10,319 --> 00:01:13,440
Speaker 1: for the season in which the number of playoff teams

23
00:01:13,440 --> 00:01:17,640
Speaker 1: would expand from ten to fourteen. Uh. That means four

24
00:01:17,640 --> 00:01:19,840
Speaker 1: wild cards from me to three division winners and then

25
00:01:19,840 --> 00:01:22,280
Speaker 1: four wild cards from each from each league. Uh and

26
00:01:22,319 --> 00:01:27,120
Speaker 1: then kind of in a reality TV show twist specially, Yeah,

27
00:01:27,200 --> 00:01:29,960
Speaker 1: some of the teams who are who are better situated,

28
00:01:29,959 --> 00:01:32,760
Speaker 1: would be able to pick their opponent out of kind

29
00:01:32,760 --> 00:01:36,520
Speaker 1: of the pool of which is something that my friends

30
00:01:36,560 --> 00:01:39,240
Speaker 1: and I have talked about for for years. I think that,

31
00:01:39,280 --> 00:01:41,080
Speaker 1: you know, people who listen to the show often know

32
00:01:41,160 --> 00:01:43,760
Speaker 1: that I. I feel like sports need more rivalries, need

33
00:01:43,840 --> 00:01:47,480
Speaker 1: more trash talk, need more bulletin board material. What better than,

34
00:01:47,800 --> 00:01:50,320
Speaker 1: you know, being the team that beats the best team

35
00:01:50,360 --> 00:01:53,760
Speaker 1: in baseball when they chose you specifically to play because

36
00:01:53,800 --> 00:01:55,960
Speaker 1: they thought you were the worst team available. I think

37
00:01:56,000 --> 00:01:58,480
Speaker 1: that's an interesting idea. I understand the criticism, and there's

38
00:01:58,560 --> 00:02:00,480
Speaker 1: a lot of criticism out there which we get into.

39
00:02:00,640 --> 00:02:03,160
Speaker 1: I understand the criticism that that it may be adding

40
00:02:03,200 --> 00:02:06,080
Speaker 1: a you know, a reality TV show element to it,

41
00:02:06,480 --> 00:02:08,200
Speaker 1: But I think it's interesting and you know, it shows

42
00:02:08,200 --> 00:02:11,040
Speaker 1: that baseball is, you know, at least thinking outside the box.

43
00:02:11,080 --> 00:02:16,919
Speaker 1: They're everybody makes is old. You've got to look into

44
00:02:16,919 --> 00:02:18,880
Speaker 1: new things. I remember when they added the wild card,

45
00:02:21,560 --> 00:02:25,200
Speaker 1: did everybody rail and get oh, this is terrible. They're

46
00:02:25,280 --> 00:02:28,320
Speaker 1: ruining the game. And then it's like, you know, that's

47
00:02:28,360 --> 00:02:31,160
Speaker 1: no big deal, and then everybody likes people were losing

48
00:02:31,200 --> 00:02:35,120
Speaker 1: their minds. Yeah, so change does not come easily for some.

49
00:02:35,919 --> 00:02:38,920
Speaker 1: But one must a plug. Whether this is a specific

50
00:02:38,960 --> 00:02:42,959
Speaker 1: avenue they pursue, they need to do something if you're

51
00:02:42,960 --> 00:02:45,880
Speaker 1: if you're losing younger fans. And I keep going back

52
00:02:45,919 --> 00:02:48,600
Speaker 1: to and I always use my son as sort of

53
00:02:48,639 --> 00:02:53,560
Speaker 1: that you know, single focused group there. He doesn't watch

54
00:02:53,680 --> 00:02:58,880
Speaker 1: NFL football, however he knows all the players and the

55
00:02:58,880 --> 00:03:02,799
Speaker 1: teams because he's Madden. His friends all played Mad. Now

56
00:03:02,840 --> 00:03:04,720
Speaker 1: he wants to do fantasy and he doesn't even watch

57
00:03:04,800 --> 00:03:07,400
Speaker 1: the game. But they've got him in the in the world.

58
00:03:07,400 --> 00:03:09,840
Speaker 1: Now he's in the ecosystem. That's what sports have to

59
00:03:09,880 --> 00:03:12,200
Speaker 1: figure out how to do, how to get these kids

60
00:03:12,440 --> 00:03:15,320
Speaker 1: to touch their game in some way. Yeah, and there's

61
00:03:15,360 --> 00:03:17,680
Speaker 1: another that's obviously part of it. The other part of

62
00:03:17,720 --> 00:03:20,359
Speaker 1: this is that this probably makes their media rights more valuable, right,

63
00:03:20,360 --> 00:03:26,000
Speaker 1: having more postseason, more games, also having more teams. That

64
00:03:26,280 --> 00:03:28,000
Speaker 1: kind of the beauty of that second wild card is

65
00:03:28,000 --> 00:03:30,320
Speaker 1: that it just opened the aperture of the teams late

66
00:03:30,360 --> 00:03:32,679
Speaker 1: in the season that we're able to get in there

67
00:03:33,520 --> 00:03:39,920
Speaker 1: the aperture terminology. But it made more fan bases later

68
00:03:39,960 --> 00:03:42,640
Speaker 1: in the season still thinking oh, we have a champo,

69
00:03:43,000 --> 00:03:45,480
Speaker 1: we have a shot. Expanding from ten to fourteen obviously

70
00:03:45,720 --> 00:03:48,000
Speaker 1: makes that an even wider group of people. Does this

71
00:03:48,080 --> 00:03:51,600
Speaker 1: affect the trend we've seen across all sports and baseball

72
00:03:51,680 --> 00:03:55,040
Speaker 1: not alone, uh in tanking, in the idea that a

73
00:03:55,040 --> 00:03:57,520
Speaker 1: lot of teams start the season thinking, well, this is

74
00:03:57,520 --> 00:04:00,640
Speaker 1: not our year, so we're gonna do some things that maybe,

75
00:04:00,720 --> 00:04:03,240
Speaker 1: you know, harm the short term in favor of the

76
00:04:03,280 --> 00:04:06,640
Speaker 1: long term. I wonder if maybe this is also baseball saying, look,

77
00:04:06,640 --> 00:04:08,360
Speaker 1: we have a problem with teams that are not spending

78
00:04:08,400 --> 00:04:10,240
Speaker 1: because they know heading into the season that they're not

79
00:04:10,240 --> 00:04:12,120
Speaker 1: going to be the Yankees the Red Sox with the Dodgers.

80
00:04:12,480 --> 00:04:15,280
Speaker 1: Uh so, wait, aren't the Red Sox sellers? Aren't they

81
00:04:15,320 --> 00:04:18,920
Speaker 1: small market, low revenue sellers there? Yeah, but yeah, I

82
00:04:18,960 --> 00:04:21,360
Speaker 1: do wonder if this also maybe solves one of the

83
00:04:21,400 --> 00:04:23,960
Speaker 1: bigger problems I think baseball has right now in that,

84
00:04:24,040 --> 00:04:26,400
Speaker 1: you know, there seems to be every season this wide gap,

85
00:04:26,760 --> 00:04:28,600
Speaker 1: you know between the teams that actually think they can

86
00:04:28,600 --> 00:04:30,400
Speaker 1: win games and the teams that don't, and and fan

87
00:04:30,440 --> 00:04:33,400
Speaker 1: bases for the teams that don't have are growing increasingly

88
00:04:33,480 --> 00:04:35,520
Speaker 1: upset at the way those teams are handling their business.

89
00:04:35,520 --> 00:04:37,040
Speaker 1: I'd love to see into the year. But remember bar

90
00:04:37,480 --> 00:04:40,880
Speaker 1: the Dodgers would like to play X in the first round,

91
00:04:41,320 --> 00:04:43,960
Speaker 1: the Oakland A's, the Yankees, are they gonna we'd like

92
00:04:44,080 --> 00:04:47,799
Speaker 1: to play tap or whatever. That's some fun stuff. That's

93
00:04:47,920 --> 00:04:50,400
Speaker 1: is probably gonna come down to the Dodgers and Yankees.

94
00:04:50,720 --> 00:04:52,680
Speaker 1: By the way, now that they have Mookie Bets and

95
00:04:52,760 --> 00:04:58,200
Speaker 1: David Price also, they're they're going to me. They're going on,

96
00:04:58,400 --> 00:05:00,640
Speaker 1: let me spill some secret sauce here. Again, if I

97
00:05:00,720 --> 00:05:02,880
Speaker 1: was an owner of a team, you don't have to

98
00:05:02,920 --> 00:05:07,320
Speaker 1: sell winning the championship to have a an engaged fan base,

99
00:05:08,040 --> 00:05:11,000
Speaker 1: and owners probably won't like this out there. What you

100
00:05:11,080 --> 00:05:14,920
Speaker 1: need to sell is the notion of the ability to

101
00:05:15,279 --> 00:05:21,279
Speaker 1: compete for a championship. Just keep your fan base thinking, well,

102
00:05:21,360 --> 00:05:23,599
Speaker 1: even let's just say you stay close and ultimately you

103
00:05:23,600 --> 00:05:25,240
Speaker 1: miss the playoffs by two or three, four or five games.

104
00:05:25,279 --> 00:05:28,400
Speaker 1: Whatever it is, you sold the notion that, yeah, we

105
00:05:28,440 --> 00:05:31,159
Speaker 1: can do it, we can compete. They stay involved. You

106
00:05:31,200 --> 00:05:33,840
Speaker 1: don't have to actually win, but your fan base has

107
00:05:33,880 --> 00:05:36,560
Speaker 1: to believe you have somewhat of a shot to compete

108
00:05:36,720 --> 00:05:39,960
Speaker 1: for winning. Yeah. The question is is that that's more

109
00:05:39,960 --> 00:05:43,520
Speaker 1: expensive than the winning ten percent of your games and

110
00:05:43,560 --> 00:05:46,880
Speaker 1: maybe getting the first draft pick in in the next whatever. Um,

111
00:05:46,960 --> 00:05:48,680
Speaker 1: and yeah, I think there there are certainly owners out

112
00:05:48,720 --> 00:05:50,320
Speaker 1: there who agree with you. And I think there are

113
00:05:50,320 --> 00:05:54,000
Speaker 1: certainly owners out there who think to finished one out

114
00:05:54,040 --> 00:05:55,800
Speaker 1: of the wild card. I want to finish dead last.

115
00:05:56,160 --> 00:05:57,960
Speaker 1: I want to spend no money on players. I want

116
00:05:57,960 --> 00:05:59,760
Speaker 1: to get a good draft pick and and and and

117
00:06:00,040 --> 00:06:02,400
Speaker 1: get what in two years from now looks like Um,

118
00:06:02,440 --> 00:06:05,960
Speaker 1: I do feel like we are. UM. I know league

119
00:06:06,000 --> 00:06:08,760
Speaker 1: make changes all the time, but NBA is thinking about

120
00:06:08,800 --> 00:06:11,839
Speaker 1: pretty drastic season tournament to its postseason, including that in

121
00:06:11,880 --> 00:06:16,400
Speaker 1: season postseason tournament. UM. Major League Baseball thinking this way, NFL,

122
00:06:16,960 --> 00:06:19,200
Speaker 1: NHL has made some changes. MLS just got rid of,

123
00:06:19,560 --> 00:06:22,480
Speaker 1: you know, the conference set up for its playoffs. UM.

124
00:06:22,520 --> 00:06:24,600
Speaker 1: It does feel like we're at this point now where

125
00:06:24,760 --> 00:06:27,919
Speaker 1: Obviously media is driving these conversations, but teams are looking

126
00:06:27,920 --> 00:06:32,200
Speaker 1: to be increasingly innovative about restructuring some of the longest

127
00:06:32,240 --> 00:06:35,360
Speaker 1: standing traditions and setups for their for their posts. I'm

128
00:06:35,360 --> 00:06:37,039
Speaker 1: going to leave this up to you, Novie Williams, but

129
00:06:37,080 --> 00:06:39,440
Speaker 1: do you want to point our audience to a certain

130
00:06:39,480 --> 00:06:42,960
Speaker 1: player's Twitter feed where he was sort of responding to

131
00:06:43,120 --> 00:06:46,479
Speaker 1: what all these possible changes and taking shots at the commission. Yeah?

132
00:06:46,520 --> 00:06:49,159
Speaker 1: So so Trevor Bauer was a picture with the with

133
00:06:49,240 --> 00:06:52,440
Speaker 1: the Cincinnati Reds put out a six or seven minute

134
00:06:52,520 --> 00:06:56,200
Speaker 1: video kind of gut reaction to these things. Uh. He makes, actually,

135
00:06:56,160 --> 00:06:58,960
Speaker 1: I think some some pretty interesting points about you know,

136
00:06:59,000 --> 00:07:01,680
Speaker 1: one of his big gripes on this change, if you

137
00:07:01,760 --> 00:07:04,200
Speaker 1: finish the season as the best team in baseball, it

138
00:07:04,240 --> 00:07:06,160
Speaker 1: sounds like you have a six day layoff before you

139
00:07:06,240 --> 00:07:09,400
Speaker 1: play again. So if you're starting pitcher pitched four days

140
00:07:09,440 --> 00:07:11,240
Speaker 1: before the end of the season, you know you're asking

141
00:07:11,320 --> 00:07:13,800
Speaker 1: him to sit ten days before he starts again. That

142
00:07:13,840 --> 00:07:15,720
Speaker 1: sounds like something that that no baseball team and no

143
00:07:15,800 --> 00:07:18,840
Speaker 1: starting pitcher wants to do. Um, So that's certainly something

144
00:07:18,880 --> 00:07:21,000
Speaker 1: Baseball will need to think about. He also has, you know,

145
00:07:21,200 --> 00:07:24,040
Speaker 1: objections to the way the baseball distributes its media, and

146
00:07:24,080 --> 00:07:25,280
Speaker 1: you know, there are a lot of fans out there

147
00:07:25,280 --> 00:07:28,360
Speaker 1: that can't watch their home team play baseball because of

148
00:07:28,440 --> 00:07:31,440
Speaker 1: contract disputes or the way that the media has distributed UM.

149
00:07:31,600 --> 00:07:33,880
Speaker 1: Baseball Also, you know, according to him, is a bit

150
00:07:33,880 --> 00:07:36,280
Speaker 1: more restrictive on the way highlights can be used by

151
00:07:36,280 --> 00:07:39,920
Speaker 1: anybody on social media, right, something that the NBA, for example,

152
00:07:39,960 --> 00:07:43,080
Speaker 1: has not done. Uh So, you know, Trevor Bower is

153
00:07:43,080 --> 00:07:46,720
Speaker 1: a lightning rod for for for criticism and debate. UM.

154
00:07:46,840 --> 00:07:49,600
Speaker 1: But you know, I recommend people listen to the video.

155
00:07:49,600 --> 00:07:51,440
Speaker 1: It's not you know, I don't agree with everything he's saying.

156
00:07:51,440 --> 00:07:54,240
Speaker 1: I don't think anyone in baseball does. But you know,

157
00:07:54,240 --> 00:07:56,840
Speaker 1: if you want to see a players gut reaction to

158
00:07:57,240 --> 00:07:58,720
Speaker 1: some of these changes in the way that they may

159
00:07:58,760 --> 00:08:00,880
Speaker 1: be received inside the locker room, I think it's worth

160
00:08:00,960 --> 00:08:04,400
Speaker 1: six minutes of your time. Let's talk about NBA and

161
00:08:04,520 --> 00:08:08,520
Speaker 1: the teams, and Forbes has put out the valuations for

162
00:08:08,600 --> 00:08:12,000
Speaker 1: all the teams out there. Who's number one, guys, Well,

163
00:08:12,000 --> 00:08:14,000
Speaker 1: I'm going to give you one guest bar who's number

164
00:08:14,000 --> 00:08:16,240
Speaker 1: one on the NBA valuations list. I'm gonna go for

165
00:08:16,400 --> 00:08:19,920
Speaker 1: the new York Knicks. Oh, the number one media market team. Yes,

166
00:08:20,000 --> 00:08:23,840
Speaker 1: obviously an inverse relationship to championships and winning and value.

167
00:08:24,440 --> 00:08:28,120
Speaker 1: Um again, secret sauce. You don't have to win. You

168
00:08:28,160 --> 00:08:30,520
Speaker 1: don't have to win. It helps some of these other teams.

169
00:08:30,560 --> 00:08:33,200
Speaker 1: You know that the winning did help, But the Knicks,

170
00:08:33,240 --> 00:08:36,520
Speaker 1: by virtue of being in the in the market, owning

171
00:08:36,559 --> 00:08:41,679
Speaker 1: the network, owning the building, they generate good revenue. And uh,

172
00:08:41,720 --> 00:08:45,040
Speaker 1: if you're a shareholder for ms J, are you unhappy

173
00:08:45,080 --> 00:08:47,200
Speaker 1: with the job Jim Dolan is doing. You know, fans

174
00:08:47,200 --> 00:08:49,720
Speaker 1: are chanting to sell the team. I don't know. If

175
00:08:49,920 --> 00:08:53,120
Speaker 1: shareholders are doing the same thing, it might be pretty happy. Well,

176
00:08:53,160 --> 00:08:55,440
Speaker 1: there might be a little bit of a temperament with

177
00:08:55,520 --> 00:08:58,880
Speaker 1: Mr Dolan, but I don't see him selling anything at all.

178
00:08:59,240 --> 00:09:01,760
Speaker 1: I mean, there's two much coin in that. It's wild

179
00:09:01,840 --> 00:09:05,360
Speaker 1: how much these valuations are going up. Somebody in the

180
00:09:05,440 --> 00:09:09,040
Speaker 1: NBA is far outpacing other leagues. But say they all grow,

181
00:09:09,120 --> 00:09:10,960
Speaker 1: but the NBA is far out pacing the other I

182
00:09:11,000 --> 00:09:14,400
Speaker 1: see four billion how many four billion dollar teams? Three

183
00:09:14,440 --> 00:09:18,920
Speaker 1: four billion dollar teams? I see four teams just and Warriors.

184
00:09:18,920 --> 00:09:20,960
Speaker 1: I don't think those will surprise people. I see four

185
00:09:20,960 --> 00:09:25,480
Speaker 1: teams here that haddy or more valuation bump in the

186
00:09:25,559 --> 00:09:30,360
Speaker 1: last year. Uh, the Golden State Warriors up, the Raptors

187
00:09:30,480 --> 00:09:36,679
Speaker 1: champions sixers, and then Charlotte Hornets for for a good

188
00:09:36,760 --> 00:09:40,880
Speaker 1: draft um up and then you know, more than half

189
00:09:40,920 --> 00:09:42,920
Speaker 1: the rest of the league is up at double digits.

190
00:09:42,960 --> 00:09:46,400
Speaker 1: I mean, it's wild how how much these valuations. And

191
00:09:46,400 --> 00:09:48,680
Speaker 1: and we should talk about, you know, maybe more for

192
00:09:48,679 --> 00:09:52,079
Speaker 1: a longer conversation later. But NBA ratings are not particularly

193
00:09:52,120 --> 00:09:53,760
Speaker 1: good right now. I think there are some you can

194
00:09:53,760 --> 00:09:55,880
Speaker 1: look at some numbers and and and and be a

195
00:09:55,880 --> 00:10:00,280
Speaker 1: little concerned about the NBA's popularity right now, especial really

196
00:10:00,360 --> 00:10:03,920
Speaker 1: you know, regular season, but valuations are a metric that

197
00:10:04,040 --> 00:10:05,880
Speaker 1: is not He's not what I always care about. You

198
00:10:05,960 --> 00:10:07,840
Speaker 1: have postseason, but give me the bottom two there, Look

199
00:10:07,880 --> 00:10:10,760
Speaker 1: at the bottom two. You got the Grizzlies valuable, your

200
00:10:10,800 --> 00:10:14,040
Speaker 1: Pelicans and your Grizzlies one point three billion each. Now

201
00:10:14,040 --> 00:10:16,680
Speaker 1: I've got Jamran and Zion Williams, and I'm very curious

202
00:10:16,960 --> 00:10:20,319
Speaker 1: with the sizzle that those two have brought those franchises.

203
00:10:20,720 --> 00:10:23,080
Speaker 1: I'm curious to see if they can overtake Who's like

204
00:10:23,120 --> 00:10:26,120
Speaker 1: what that right Minnesota right above very curious to see

205
00:10:26,120 --> 00:10:27,880
Speaker 1: if those are the bottom two again next year. I'm

206
00:10:28,240 --> 00:10:31,160
Speaker 1: just curious, where are the Detroit Pistons pretty low? One

207
00:10:31,200 --> 00:10:35,480
Speaker 1: point four or five their five from the bottom billion

208
00:10:35,679 --> 00:10:38,920
Speaker 1: latinum equite and then yeah they've been a problem with that.

209
00:10:38,960 --> 00:10:42,120
Speaker 1: They just traded Andre Drummond. Uh so now you've got

210
00:10:42,120 --> 00:10:44,920
Speaker 1: a bunch of young guys. I'm not sure that's a problem. Yeah,

211
00:10:44,920 --> 00:10:47,319
Speaker 1: they've got a new arena, which you know, well it

212
00:10:47,440 --> 00:10:49,880
Speaker 1: might not be full. Is I'm sure a bigger revenue

213
00:10:49,960 --> 00:10:53,920
Speaker 1: driver than than where they were playing before. Um, but yeah, again,

214
00:10:54,000 --> 00:10:56,720
Speaker 1: the numbers to me are you know, startlingly large. How

215
00:10:56,760 --> 00:10:59,440
Speaker 1: how quickly these things are growing? Years to one sports banker,

216
00:11:00,040 --> 00:11:02,040
Speaker 1: and I asked him what team would you buy and

217
00:11:02,080 --> 00:11:03,439
Speaker 1: all that if you could like go get a team?

218
00:11:03,480 --> 00:11:05,520
Speaker 1: You know what he said, bar He said the Red

219
00:11:05,559 --> 00:11:10,040
Speaker 1: Wings because of brand, because of market. That's true, he said,

220
00:11:10,040 --> 00:11:12,360
Speaker 1: I come at the Red Wings. I could see that. Yeah, yeah,

221
00:11:12,440 --> 00:11:14,720
Speaker 1: because you have the little Caesar's connection. Yeah, there's so

222
00:11:14,760 --> 00:11:17,120
Speaker 1: many connections there and the team is not good right now,

223
00:11:18,120 --> 00:11:19,840
Speaker 1: means you may maybe get a little bit of a discount.

224
00:11:21,200 --> 00:11:26,040
Speaker 1: Moving on, EPL directed consumer, what's up? Yeah, we hear

225
00:11:26,040 --> 00:11:28,440
Speaker 1: about o t T director consumer. But it seems as

226
00:11:28,480 --> 00:11:31,000
Speaker 1: if the brass at the English Premier League has said

227
00:11:31,040 --> 00:11:33,679
Speaker 1: that this is coming. It's not a matter of if,

228
00:11:33,720 --> 00:11:35,760
Speaker 1: it's a matter of when, next couple of years that

229
00:11:35,840 --> 00:11:39,520
Speaker 1: there could be a director consumer offering. And man, I

230
00:11:39,559 --> 00:11:40,959
Speaker 1: mean there are battles going on in the e p

231
00:11:41,120 --> 00:11:44,040
Speaker 1: L between sort of those top teams and whether it's six, seven,

232
00:11:44,080 --> 00:11:46,600
Speaker 1: eight of them whatever and the rest and the top

233
00:11:46,679 --> 00:11:50,760
Speaker 1: one a greater share of the international broadcast revenue. You talk,

234
00:11:50,800 --> 00:11:54,320
Speaker 1: you hear about super leagues. I mean if Chelsea, Man City,

235
00:11:54,480 --> 00:11:58,160
Speaker 1: man you Liverpool Arsenal, if they can go direct to

236
00:11:58,200 --> 00:12:01,920
Speaker 1: consumer and I mean live games, who knows, but let's

237
00:12:01,920 --> 00:12:05,000
Speaker 1: see what's going to be there. Um, certainly an interesting

238
00:12:05,080 --> 00:12:08,920
Speaker 1: monetization vehicle for the EPO. Yeah. The during the last

239
00:12:09,000 --> 00:12:12,600
Speaker 1: round of negotiations, epls domestic so in the UK, their

240
00:12:12,640 --> 00:12:15,560
Speaker 1: TV rights went down down. I believe if I did

241
00:12:15,559 --> 00:12:18,280
Speaker 1: the conversion right there from pounds of dollars two point

242
00:12:18,320 --> 00:12:20,480
Speaker 1: two billion dollars a year to around one point nine

243
00:12:20,760 --> 00:12:24,080
Speaker 1: billion dollars a year, I'm sure that decrease, you know,

244
00:12:24,400 --> 00:12:26,880
Speaker 1: pokes some years up and made people wonder, okay, are

245
00:12:26,880 --> 00:12:31,560
Speaker 1: we doing this? Um? And and yeah global you know,

246
00:12:31,600 --> 00:12:34,120
Speaker 1: around eleven point seven billion over the next three years,

247
00:12:34,120 --> 00:12:36,800
Speaker 1: which is not nothing. Um. But you know, again, as

248
00:12:36,840 --> 00:12:39,760
Speaker 1: we talked about a lot going O T T is

249
00:12:39,760 --> 00:12:42,200
Speaker 1: one of those things that sounds really great in principle,

250
00:12:42,240 --> 00:12:44,480
Speaker 1: you're cutting out the middleman. You you you own your

251
00:12:44,480 --> 00:12:48,920
Speaker 1: own media properties. But given where the technology is, given

252
00:12:48,960 --> 00:12:51,560
Speaker 1: where most of your fans are in terms of adopting

253
00:12:51,600 --> 00:12:55,199
Speaker 1: that technology, given the lag for things like social viewing

254
00:12:55,320 --> 00:12:58,320
Speaker 1: and sports betting, UM, I think there's a reason why

255
00:12:58,320 --> 00:12:59,880
Speaker 1: it sounded like they wanted to debut this thing in

256
00:13:00,000 --> 00:13:02,640
Speaker 1: Singapore and then scrapped it for an extended TV deal

257
00:13:02,640 --> 00:13:05,040
Speaker 1: in Singapore. I'm just not sure if we are are

258
00:13:05,120 --> 00:13:07,640
Speaker 1: fully there yet. So you know, this product doesn't exist.

259
00:13:07,720 --> 00:13:09,600
Speaker 1: We don't know exactly how they're planning to unroll it

260
00:13:09,600 --> 00:13:13,960
Speaker 1: in what countries domestically, globally or in specific places. UM,

261
00:13:14,000 --> 00:13:16,480
Speaker 1: but I don't think this is not a replacement by

262
00:13:16,480 --> 00:13:20,240
Speaker 1: any means to them. Yeah, yeah, I was just gonna ask,

263
00:13:20,280 --> 00:13:22,840
Speaker 1: I mean and forgive me for the well dug question.

264
00:13:23,120 --> 00:13:26,240
Speaker 1: But as old man bars like, Okay, yes, I get it.

265
00:13:26,320 --> 00:13:29,800
Speaker 1: Viewers ship on the on the regular TV that has

266
00:13:29,840 --> 00:13:34,040
Speaker 1: gone down, but people are still watching sports in general,

267
00:13:34,120 --> 00:13:38,320
Speaker 1: whether it's on your smartphone or whether it's on your

268
00:13:38,720 --> 00:13:41,360
Speaker 1: iPad or whatever, people are still watching and getting the

269
00:13:41,400 --> 00:13:45,840
Speaker 1: straight It is Rupert Murdoch's entire philosophy behind New Fox.

270
00:13:46,160 --> 00:13:49,120
Speaker 1: Dumped the movie studio, dumped some of the the RSN.

271
00:13:49,600 --> 00:13:54,160
Speaker 1: It's it's news and it's sports and events, but it's live.

272
00:13:54,520 --> 00:13:57,440
Speaker 1: It's about live, and live is the driver of the

273
00:13:57,480 --> 00:14:00,599
Speaker 1: appointment television viewing, and nothing out has been able to

274
00:14:00,679 --> 00:14:04,640
Speaker 1: replicate it. No, I agree. You have been listening to

275
00:14:04,840 --> 00:14:07,800
Speaker 1: The Bloomberg Business of Sports podcast. We're here for you

276
00:14:08,240 --> 00:14:12,760
Speaker 1: every Monday, Wednesday and Thursday talking about some of the

277
00:14:12,800 --> 00:14:15,840
Speaker 1: biggest sports issues. I'm Michael bar and you can follow

278
00:14:15,840 --> 00:14:18,560
Speaker 1: me on Twitter at Big Bar Sports. I'm Scott Sashnik,

279
00:14:18,640 --> 00:14:20,640
Speaker 1: you can follow me on Twitter at S and I'm

280
00:14:20,640 --> 00:14:24,080
Speaker 1: Evan Novie Williams at nov Underscore. Williams join us again.

281
00:14:24,160 --> 00:14:26,080
Speaker 1: Later in the week, we're speaking with Steve Phelps, the

282
00:14:26,080 --> 00:14:31,680
Speaker 1: President of NASCAR. Heading into the day tow You're listening

283
00:14:31,720 --> 00:14:35,760
Speaker 1: to The Bloomberg Business of Sports podcast, and you can

284
00:14:35,800 --> 00:14:41,920
Speaker 1: get the show wherever you get your podcasts per Room