1 00:00:02,160 --> 00:00:05,640 Speaker 1: Hello, Michael vaugh and I'm Scott Snick. On this weekly podcast, 2 00:00:05,680 --> 00:00:07,640 Speaker 1: we explored the big money issues in the world of 3 00:00:07,680 --> 00:00:09,639 Speaker 1: sports and talk to some of the biggest players in 4 00:00:09,680 --> 00:00:12,559 Speaker 1: the industry. On this week's show, we have Vegas Golden 5 00:00:12,600 --> 00:00:15,800 Speaker 1: Night's president, Carry Bubolts. But first let's look at the 6 00:00:15,800 --> 00:00:18,240 Speaker 1: top stories of the week. Joining us is Bloomberg Business 7 00:00:18,280 --> 00:00:22,000 Speaker 1: of Sports reporter Evan Noby Williams. And let's start with 8 00:00:22,160 --> 00:00:26,560 Speaker 1: Colin Kaepernick and if he is signed in the NFL, 9 00:00:27,440 --> 00:00:30,960 Speaker 1: he's got a deal already. Mark King, the the Adidas 10 00:00:30,960 --> 00:00:33,519 Speaker 1: the guy who runs Adidas in the US, said recently 11 00:00:33,560 --> 00:00:36,479 Speaker 1: that if if Kaepernick was signed, which is a major 12 00:00:36,560 --> 00:00:39,080 Speaker 1: if and probably a never gonna happen at this point, 13 00:00:39,560 --> 00:00:42,239 Speaker 1: that Adidas would be interested in signing him to an 14 00:00:42,320 --> 00:00:47,080 Speaker 1: endorsement deal. Obviously, Scott, there's nothing preventing Adidas from signing 15 00:00:47,159 --> 00:00:49,280 Speaker 1: him right now. It's a it's a brand that has 16 00:00:49,720 --> 00:00:51,880 Speaker 1: for the past couple of years shifted its way into 17 00:00:51,960 --> 00:00:55,160 Speaker 1: trying to be kind of at that nexus between culture 18 00:00:55,280 --> 00:00:58,720 Speaker 1: and athletics. Um, he seems like he'd be a good fit. 19 00:00:58,880 --> 00:01:01,440 Speaker 1: I don't understand why say this at all If you're 20 00:01:01,440 --> 00:01:05,400 Speaker 1: adding that, especially when there's no there's nothing preventing you. 21 00:01:05,480 --> 00:01:09,960 Speaker 1: Right What was the purpose of the statement? That's the question. Bar. 22 00:01:10,120 --> 00:01:12,640 Speaker 1: If you're going to make a statement like that, you 23 00:01:12,720 --> 00:01:15,319 Speaker 1: might as well have the contract then pen in hand 24 00:01:15,800 --> 00:01:17,600 Speaker 1: and add this guy to your roster. If you're looking 25 00:01:17,600 --> 00:01:21,200 Speaker 1: for cultural influencers, can't do better than Kaepernick right now, 26 00:01:21,840 --> 00:01:23,640 Speaker 1: Why why mentioned it? If you're not going to put 27 00:01:23,680 --> 00:01:25,560 Speaker 1: him on the roster. I'm not trying to be mean, 28 00:01:25,600 --> 00:01:28,240 Speaker 1: but that's like saying, hey, if I win ten million dollars, 29 00:01:28,280 --> 00:01:31,520 Speaker 1: I'm buying a ranch. Now. The odds of that happening 30 00:01:32,080 --> 00:01:34,920 Speaker 1: are kind of slim, like Kaepernick being picked up by 31 00:01:34,920 --> 00:01:39,760 Speaker 1: an NFL. I'm not trying to be mean. I mean, 32 00:01:40,160 --> 00:01:43,319 Speaker 1: you know, it's look, it's you know, I'm with you. 33 00:01:43,360 --> 00:01:45,400 Speaker 1: It's like, if you're going to make the announcement, Okay, 34 00:01:45,440 --> 00:01:48,000 Speaker 1: that's that's great, but it's gonna have some meat to it. 35 00:01:48,120 --> 00:01:50,440 Speaker 1: One of the funny things here, I you can make 36 00:01:50,480 --> 00:01:52,760 Speaker 1: an argument that Karlin Kaepernick is one of the most 37 00:01:52,800 --> 00:01:56,000 Speaker 1: influential players out there right now. I mean, there's really 38 00:01:56,040 --> 00:01:58,000 Speaker 1: it's it's it's not a it's not a maybe even 39 00:01:58,120 --> 00:02:01,040 Speaker 1: more influential because he's not on it team. Then it 40 00:02:01,080 --> 00:02:03,760 Speaker 1: does get signed. Do you think he still has talent 41 00:02:03,800 --> 00:02:06,720 Speaker 1: to play? It seems like he's still got talent to play. 42 00:02:06,760 --> 00:02:10,160 Speaker 1: I mean, I'm the NFL scout, but you know, we 43 00:02:10,200 --> 00:02:14,079 Speaker 1: all saw the guy play, and he certainly has a voice. 44 00:02:14,639 --> 00:02:17,560 Speaker 1: And Adidas has has has had a great year or 45 00:02:17,680 --> 00:02:22,799 Speaker 1: two using non athletes, Kanye principally among them. Yeah, it 46 00:02:22,919 --> 00:02:24,919 Speaker 1: just seems like it's a voice that fits with the brand. 47 00:02:25,400 --> 00:02:27,679 Speaker 1: Let's move on to the next topic, the NBA G 48 00:02:27,840 --> 00:02:32,240 Speaker 1: League boosting salaries and basically it's about time. Yeah, what 49 00:02:32,240 --> 00:02:34,200 Speaker 1: are we thinking? And that the turning point was when 50 00:02:34,320 --> 00:02:37,359 Speaker 1: the E league players were making more than the G 51 00:02:37,560 --> 00:02:40,280 Speaker 1: league players, so they brought it up to that. But 52 00:02:40,400 --> 00:02:43,760 Speaker 1: the reason we picked this bar was because it's a 53 00:02:43,800 --> 00:02:46,880 Speaker 1: it's a conversation in a bigger context. It's sort of 54 00:02:47,360 --> 00:02:49,960 Speaker 1: where does the n c A A go? Where do 55 00:02:50,120 --> 00:02:53,800 Speaker 1: players go? This one and done? There's so much flux 56 00:02:53,840 --> 00:02:57,680 Speaker 1: in college sports at the NBA has to give these 57 00:02:57,880 --> 00:03:01,840 Speaker 1: talented top three, four, five, ten, whatever they are, an option, 58 00:03:01,919 --> 00:03:06,280 Speaker 1: a realistic option. If I'm a really talented high school 59 00:03:06,280 --> 00:03:09,520 Speaker 1: player and I'm gonna be picked or first year guy 60 00:03:09,840 --> 00:03:13,919 Speaker 1: in in college, what's my option? Is it? The G League? 61 00:03:14,000 --> 00:03:16,880 Speaker 1: Is it Europe? Where am I going to go? And 62 00:03:17,240 --> 00:03:19,600 Speaker 1: part of that is getting paid and at least the 63 00:03:19,680 --> 00:03:21,959 Speaker 1: numbers are starting to creep in the right direction. Yeah, 64 00:03:21,960 --> 00:03:24,760 Speaker 1: I don't forget. We're about about a month since Darius 65 00:03:24,760 --> 00:03:27,400 Speaker 1: Basley have a recruit for Syracuse, decommitted to the school 66 00:03:27,400 --> 00:03:28,960 Speaker 1: and announced that he was going to play. Of course 67 00:03:29,000 --> 00:03:31,200 Speaker 1: they got my alma mater. That loses a good player, 68 00:03:32,520 --> 00:03:35,480 Speaker 1: which is a first for the G League. But again 69 00:03:35,520 --> 00:03:38,480 Speaker 1: we're talking this. The salary increase goes from the mid 70 00:03:38,520 --> 00:03:41,880 Speaker 1: twenties to the low thirty dollars. This is not this 71 00:03:41,960 --> 00:03:43,800 Speaker 1: is not a large sum of money. This is not 72 00:03:43,840 --> 00:03:50,320 Speaker 1: going to play in Greece what's available overseas. Um. Sure, 73 00:03:50,680 --> 00:03:53,120 Speaker 1: this is probably the first step in what is probably 74 00:03:53,120 --> 00:03:55,000 Speaker 1: going to be a longer pushed by the NBA to 75 00:03:55,080 --> 00:03:57,920 Speaker 1: try to create a better system than the one we 76 00:03:57,960 --> 00:04:00,880 Speaker 1: have right now for players transitioning from high school to 77 00:04:01,000 --> 00:04:05,440 Speaker 1: the NBA. But again, making the base salary thirty three 78 00:04:05,840 --> 00:04:08,920 Speaker 1: dollars or whatever it is isn't gonna really tip. Maybe 79 00:04:08,960 --> 00:04:12,440 Speaker 1: the solution is to be not only a great basketball player, 80 00:04:12,880 --> 00:04:16,320 Speaker 1: but be a good gamer as well, and then you 81 00:04:16,320 --> 00:04:22,680 Speaker 1: can draw both show. Hey, Oani n League. Yes see, 82 00:04:22,920 --> 00:04:25,560 Speaker 1: that's how I think. Let's move on to the next topic. 83 00:04:26,200 --> 00:04:30,920 Speaker 1: And I hope I pronounced her name right. Erika Goomba Walia. 84 00:04:31,800 --> 00:04:35,719 Speaker 1: She is as you know, she hit that buzzer beaters 85 00:04:35,720 --> 00:04:40,080 Speaker 1: shot for Notre Dame for the team and they won 86 00:04:40,279 --> 00:04:44,440 Speaker 1: the right She had two of them, and she won 87 00:04:44,480 --> 00:04:48,760 Speaker 1: the championship for them. Now she is about to be 88 00:04:48,839 --> 00:04:52,600 Speaker 1: on Dancing with the Stars. Now that brings up an 89 00:04:52,600 --> 00:04:56,880 Speaker 1: interesting problem because she kind of has to get a waiver, 90 00:04:57,040 --> 00:05:00,400 Speaker 1: doesn't she in order to participate in this. Yeah, and 91 00:05:00,440 --> 00:05:02,800 Speaker 1: the n c A has given that waiver, and I 92 00:05:02,839 --> 00:05:06,720 Speaker 1: am legitimately stunned. Uh. You can, certainly, you can certainly 93 00:05:06,760 --> 00:05:08,720 Speaker 1: make the argument that this is the first of a 94 00:05:08,839 --> 00:05:11,280 Speaker 1: of a new day and a new approach by the 95 00:05:11,360 --> 00:05:14,160 Speaker 1: n c A. UM, but this is not from what 96 00:05:14,200 --> 00:05:16,560 Speaker 1: I understand, in keeping at all with the way they 97 00:05:16,640 --> 00:05:20,320 Speaker 1: have enforced UH their rules on athletes profiting off of 98 00:05:21,040 --> 00:05:24,240 Speaker 1: their abilities in the past. I mean, the last ten 99 00:05:24,320 --> 00:05:27,599 Speaker 1: years are littered with athletes that were doing a lot 100 00:05:27,720 --> 00:05:31,800 Speaker 1: less connected to UH their on court on field stardom 101 00:05:31,839 --> 00:05:34,320 Speaker 1: than what Erica Gumba Wala is doing that the n 102 00:05:34,360 --> 00:05:37,800 Speaker 1: c A has nixed, has taken away eligibility, et cetera. 103 00:05:38,200 --> 00:05:39,600 Speaker 1: So I think it's a It's a good thing, right, 104 00:05:39,600 --> 00:05:43,320 Speaker 1: I mean, it seems as though a woman of her character, 105 00:05:43,360 --> 00:05:45,880 Speaker 1: of her obvious talent, should be able to do something 106 00:05:45,920 --> 00:05:47,880 Speaker 1: like Dancing with the Stars. It's great for the sport 107 00:05:47,880 --> 00:05:51,120 Speaker 1: of women's basketball, it's great for Notre Dame. It's obviously 108 00:05:51,120 --> 00:05:52,920 Speaker 1: great for her. You can make an argument that it's 109 00:05:52,960 --> 00:05:54,400 Speaker 1: great for the n c A as well. I think 110 00:05:54,440 --> 00:05:57,960 Speaker 1: everybody wins in this situation. But this is definitely a 111 00:05:57,960 --> 00:06:00,719 Speaker 1: a waiver that is not consistent with the way that 112 00:06:00,760 --> 00:06:02,640 Speaker 1: the n c A has deliberated on these issues in 113 00:06:02,680 --> 00:06:04,360 Speaker 1: the past. And you can't even make the argument, as 114 00:06:04,400 --> 00:06:06,240 Speaker 1: some athletes I've tried to in the past, that's not 115 00:06:06,320 --> 00:06:10,280 Speaker 1: really related to your athletic career, because this particular version 116 00:06:10,320 --> 00:06:12,479 Speaker 1: of Dancing with the Stars, there's all athletes exactly, so 117 00:06:12,480 --> 00:06:15,919 Speaker 1: they're they're highlighting that it's athletes, and I'm trying to struggle. 118 00:06:15,960 --> 00:06:18,040 Speaker 1: The only one I can remember from reading the list, 119 00:06:18,040 --> 00:06:19,880 Speaker 1: and this was a while ago, but for some reason, 120 00:06:19,960 --> 00:06:23,080 Speaker 1: Kareem sticks out in my mind. Kareem will be there. 121 00:06:23,360 --> 00:06:25,520 Speaker 1: They really don't remember some of the others, but it's 122 00:06:25,520 --> 00:06:28,320 Speaker 1: all athletes. This is gonna be good. She might win. 123 00:06:28,480 --> 00:06:34,600 Speaker 1: I am not handicapping right, and he'll get hurt. He'll 124 00:06:34,600 --> 00:06:37,920 Speaker 1: be on the day. Now, let's get into this week's 125 00:06:37,920 --> 00:06:41,520 Speaker 1: interview with the Vegas Golden Knights president Carry Bubbles Scott Nevan, 126 00:06:41,800 --> 00:06:43,960 Speaker 1: you can take it from here. Our guest was a 127 00:06:44,040 --> 00:06:46,719 Speaker 1: senior executive with the Cleveland Cavaliers and he is now 128 00:06:46,839 --> 00:06:49,760 Speaker 1: president of the Vegas Golden Knights, Carry Bubbolts. Thank you 129 00:06:49,800 --> 00:06:52,920 Speaker 1: for joining us, Well, thanks for having us. We're excited 130 00:06:52,960 --> 00:06:54,800 Speaker 1: to be here. It's been an incredible run so far, 131 00:06:54,839 --> 00:06:57,760 Speaker 1: and it just keeps on chugging. Yeah, let's talk about that. 132 00:06:57,839 --> 00:07:00,000 Speaker 1: I mean, I've heard throughout the years from a numb 133 00:07:00,040 --> 00:07:04,240 Speaker 1: for franchises that this expansion thing isn't so easy. Uh, 134 00:07:04,400 --> 00:07:05,920 Speaker 1: you seem to make it look easy though, I don't 135 00:07:05,920 --> 00:07:09,840 Speaker 1: know what all the complaining was about. Well again, I 136 00:07:09,840 --> 00:07:11,600 Speaker 1: I don't. I don't want to take credit for what's 137 00:07:11,640 --> 00:07:14,840 Speaker 1: happening on the ice. That that is a byproduct of 138 00:07:15,080 --> 00:07:18,440 Speaker 1: terrific decision making by our hockey group led by George 139 00:07:18,520 --> 00:07:22,920 Speaker 1: McPhee and uh the our ownership Bill Foley. They did 140 00:07:23,000 --> 00:07:26,440 Speaker 1: in an absolute spectacular job. Going back to last summer 141 00:07:26,480 --> 00:07:29,920 Speaker 1: with the expansion draft. Um, you know, the parameters and 142 00:07:30,000 --> 00:07:32,840 Speaker 1: process that was put in place, they just did an 143 00:07:32,840 --> 00:07:37,280 Speaker 1: incredible job. They went extremely deep in their preparation and uh, 144 00:07:37,400 --> 00:07:40,640 Speaker 1: last June we selected our roster, and the way they've 145 00:07:40,680 --> 00:07:44,480 Speaker 1: come together, the style of play um and the effort 146 00:07:44,480 --> 00:07:47,800 Speaker 1: that they give every night, I think is unprecedented and UH, 147 00:07:47,840 --> 00:07:52,320 Speaker 1: incredibly proud to be associated with just such a tremendous group. 148 00:07:52,800 --> 00:07:55,640 Speaker 1: And obviously it makes everything that we do on the 149 00:07:55,680 --> 00:07:59,440 Speaker 1: business side just that much better. And and it's just 150 00:07:59,560 --> 00:08:02,080 Speaker 1: been it's been incredible. But you know, I don't want 151 00:08:02,080 --> 00:08:04,080 Speaker 1: it to stop. We're still we still got a long 152 00:08:04,080 --> 00:08:07,880 Speaker 1: way to go. We're only one round, uh, only one 153 00:08:07,960 --> 00:08:09,760 Speaker 1: round in at this point, and we got three more 154 00:08:09,840 --> 00:08:12,720 Speaker 1: rounds to go to the ultimate prize of the Stanley Cup. 155 00:08:13,040 --> 00:08:17,440 Speaker 1: Are you still educating Vegas residents as to the ins 156 00:08:17,440 --> 00:08:19,840 Speaker 1: and outs of the NHL playoffs? I could take sixteen 157 00:08:19,880 --> 00:08:22,080 Speaker 1: wins to win the Cup? Or are they on some 158 00:08:22,160 --> 00:08:26,640 Speaker 1: sort of warp speed education process towards NHL hockey? Well, 159 00:08:26,680 --> 00:08:30,320 Speaker 1: I think overall we've been candidly, We've been really fortunate. 160 00:08:30,360 --> 00:08:33,080 Speaker 1: There was already a pretty deep hockey knowledge in the 161 00:08:33,120 --> 00:08:36,680 Speaker 1: market even before we got here when you think about 162 00:08:36,720 --> 00:08:40,079 Speaker 1: the number of transplants from other great hockey markets around 163 00:08:40,080 --> 00:08:42,480 Speaker 1: North America that live here in Las Vegas. Now, so 164 00:08:42,559 --> 00:08:44,800 Speaker 1: from from that end, I think we're in a pretty 165 00:08:44,800 --> 00:08:47,280 Speaker 1: good spot. I will say that when we uh, when 166 00:08:47,280 --> 00:08:50,320 Speaker 1: we went into double overtime, um, I did have a 167 00:08:50,320 --> 00:08:52,360 Speaker 1: few people say, well, when when are we going to 168 00:08:52,480 --> 00:08:54,520 Speaker 1: go into a shootout? And I was like, well, no, 169 00:08:54,679 --> 00:08:57,680 Speaker 1: this this is nothing against soccer, but this is not soccer. 170 00:08:58,440 --> 00:09:01,040 Speaker 1: We don't do shootouts in the playoff us. Yeah, settle in. 171 00:09:01,040 --> 00:09:03,240 Speaker 1: You guys could be going for a while, that's right, 172 00:09:03,320 --> 00:09:05,000 Speaker 1: And so I just tried to prep them. We're gonna 173 00:09:05,040 --> 00:09:07,880 Speaker 1: have a fifteen minute intermission, just like just like we 174 00:09:07,920 --> 00:09:09,960 Speaker 1: did it between the second and third period, and then 175 00:09:10,000 --> 00:09:12,679 Speaker 1: if we are still tied, which we ultimately were after 176 00:09:12,760 --> 00:09:15,720 Speaker 1: the after the first overtime, we're going to have another 177 00:09:15,720 --> 00:09:18,960 Speaker 1: intermission and get to drive those food and beverage per caps, 178 00:09:19,000 --> 00:09:20,880 Speaker 1: and then we settled back in and we get after 179 00:09:20,920 --> 00:09:23,600 Speaker 1: it again until there's until there's a goal. So when 180 00:09:23,640 --> 00:09:25,680 Speaker 1: do you cut off alcohol purchases? Does that per cap 181 00:09:25,720 --> 00:09:29,360 Speaker 1: continue into the overtime? Where's that cut off the time? Well? No, 182 00:09:30,080 --> 00:09:32,440 Speaker 1: the league does a great job of making sure that 183 00:09:32,480 --> 00:09:35,600 Speaker 1: there's a standard process and a responsible process in place. 184 00:09:35,640 --> 00:09:38,360 Speaker 1: So we still cut off alcohol sales in the general 185 00:09:39,160 --> 00:09:41,760 Speaker 1: concession areas at the twelve minute mark of the third period, 186 00:09:41,760 --> 00:09:45,400 Speaker 1: which is consistent with the regular season. Our premium areas 187 00:09:45,880 --> 00:09:49,720 Speaker 1: we still had throughout, you know, throughout the game. Um, 188 00:09:49,800 --> 00:09:52,720 Speaker 1: but we did, you know, we did keep that responsible 189 00:09:53,000 --> 00:09:57,320 Speaker 1: timing in place. Carry from a business standpoint, obviously, every year, 190 00:09:57,400 --> 00:10:00,000 Speaker 1: for every team has some bit of unknown I imagine, 191 00:10:00,040 --> 00:10:02,880 Speaker 1: and for an expansion franchise in a brand new city 192 00:10:02,920 --> 00:10:05,599 Speaker 1: that has taken to the extreme. What's kind of surprised 193 00:10:05,640 --> 00:10:09,520 Speaker 1: you financially about about this season? What's been easier than 194 00:10:09,520 --> 00:10:11,280 Speaker 1: than you expected, and what's maybe been a little bit 195 00:10:11,280 --> 00:10:15,760 Speaker 1: more difficult as the team exceeded expectations on the ice? Well, 196 00:10:16,080 --> 00:10:17,960 Speaker 1: maybe the answer the second part of the question. I 197 00:10:17,960 --> 00:10:21,400 Speaker 1: think the more difficult part, honestly, was just being able 198 00:10:21,480 --> 00:10:26,640 Speaker 1: to really capture, um, all of those expenses that candidly 199 00:10:26,679 --> 00:10:29,840 Speaker 1: in a in a more traditional environment or a more 200 00:10:29,960 --> 00:10:32,440 Speaker 1: mature environment that you just take for granted. And I 201 00:10:32,440 --> 00:10:35,640 Speaker 1: can literally remember the day that I got here October 202 00:10:35,679 --> 00:10:39,520 Speaker 1: of sixteen, and things like, uh, well we've got to 203 00:10:39,520 --> 00:10:43,280 Speaker 1: get carry a laptop, and we've got to have network infrastructure, 204 00:10:43,360 --> 00:10:45,280 Speaker 1: and you know, there were eleven people on board at 205 00:10:45,320 --> 00:10:48,760 Speaker 1: that time, and um, all of those things again that 206 00:10:48,840 --> 00:10:51,520 Speaker 1: we all take take for you know, pens and pencils 207 00:10:51,559 --> 00:10:55,760 Speaker 1: and UM paper and and uh masked you know, logo 208 00:10:56,120 --> 00:10:58,920 Speaker 1: logo paper and just all of those things. UM. And 209 00:10:58,960 --> 00:11:01,719 Speaker 1: I could go on and on and on. UM. There 210 00:11:01,760 --> 00:11:05,120 Speaker 1: were so many investments that that you're just not able 211 00:11:05,160 --> 00:11:07,640 Speaker 1: to kind of think through on the front end as 212 00:11:07,640 --> 00:11:11,240 Speaker 1: you plan the expense side of the equation UM, which 213 00:11:11,320 --> 00:11:14,520 Speaker 1: ultimately you know translates for our owner, Bill Foley. I 214 00:11:14,559 --> 00:11:17,440 Speaker 1: think on the positive side, UM, just the way the 215 00:11:17,480 --> 00:11:19,800 Speaker 1: market has reacted to the team. We knew our ticket 216 00:11:19,840 --> 00:11:21,920 Speaker 1: revenues were going to be strong. We had already seen 217 00:11:22,000 --> 00:11:25,640 Speaker 1: what those trends looked like, regardless of the on ice 218 00:11:25,679 --> 00:11:28,280 Speaker 1: product that we've had. We knew our sponsorship numbers were 219 00:11:28,280 --> 00:11:30,560 Speaker 1: going to be strong. We knew where our TV deal was. 220 00:11:31,480 --> 00:11:34,760 Speaker 1: But I would say that retail numbers have surprised us, 221 00:11:35,400 --> 00:11:38,280 Speaker 1: and the way people have jumped behind this team and 222 00:11:38,840 --> 00:11:41,760 Speaker 1: uh literally you can't go anywhere in the market and 223 00:11:41,840 --> 00:11:45,040 Speaker 1: not see someone in some Golden Night's gear, whether it's 224 00:11:45,040 --> 00:11:48,559 Speaker 1: a team had or a pullover sweatshirt or even one 225 00:11:48,600 --> 00:11:51,920 Speaker 1: of our team jerseys. Um, the brand and the retail 226 00:11:52,000 --> 00:11:55,360 Speaker 1: sales have just been, uh, just been incredible, and I'm 227 00:11:55,600 --> 00:11:57,440 Speaker 1: really proud. I go to the games and I you know, 228 00:11:57,480 --> 00:12:00,000 Speaker 1: I walk around and I've read a lot of studies 229 00:12:00,040 --> 00:12:02,600 Speaker 1: about some of the top sports brands that are out there, 230 00:12:03,120 --> 00:12:05,160 Speaker 1: you know, whether it be the Golden State Warriors, the 231 00:12:05,240 --> 00:12:08,240 Speaker 1: Chicago Cubs, or even the Blackhawks, those teams that really 232 00:12:08,240 --> 00:12:11,320 Speaker 1: have excelled in the retail space. And they say that 233 00:12:11,360 --> 00:12:14,840 Speaker 1: on any given regular season game, you'd have between seventy 234 00:12:15,200 --> 00:12:19,440 Speaker 1: of the fans in some in some form wearing your product. 235 00:12:19,800 --> 00:12:23,319 Speaker 1: And uh, we're already at that point and we're not 236 00:12:23,360 --> 00:12:26,120 Speaker 1: even through our first year yet. And uh, and then 237 00:12:26,120 --> 00:12:28,040 Speaker 1: to see what we saw those first two games in 238 00:12:28,080 --> 00:12:32,120 Speaker 1: the playoffs were literally every fan uh just about um 239 00:12:32,360 --> 00:12:35,079 Speaker 1: was wearing uh, you know, wearing something with Golden Knights. 240 00:12:35,120 --> 00:12:36,960 Speaker 1: It's a real source of pride, but it's also a 241 00:12:37,080 --> 00:12:42,440 Speaker 1: terrific positive in the bottom line of the organization from 242 00:12:42,480 --> 00:12:45,280 Speaker 1: a retail perspective. Going back to those early few weeks, 243 00:12:45,280 --> 00:12:47,000 Speaker 1: and there are things that you guys still haven't done 244 00:12:47,080 --> 00:12:49,520 Speaker 1: yet that that maybe because the team was doing so 245 00:12:49,559 --> 00:12:52,120 Speaker 1: well because merchandise was flying off the shelves that you 246 00:12:52,160 --> 00:12:53,959 Speaker 1: didn't have a chance to prioritize. I mean, do you 247 00:12:54,000 --> 00:12:58,160 Speaker 1: have those logoed papers yet that we did get those finally, 248 00:12:58,400 --> 00:13:00,720 Speaker 1: Well let's remember, let's remember Bill full of did pay 249 00:13:00,760 --> 00:13:03,240 Speaker 1: five million for the expansion team and be okay, if 250 00:13:03,240 --> 00:13:06,120 Speaker 1: he wants the chintz on pens and paper, that's that's right. Well, 251 00:13:06,120 --> 00:13:07,760 Speaker 1: it's just again, it's one of those things where you 252 00:13:07,880 --> 00:13:10,120 Speaker 1: just there's so much to do, and it was such 253 00:13:10,120 --> 00:13:12,880 Speaker 1: a short kind of period of time. Once the NHL 254 00:13:12,960 --> 00:13:14,760 Speaker 1: said we're here, and you know, Bill was smart. His 255 00:13:14,880 --> 00:13:18,280 Speaker 1: first focus was UM, the hiring at George McPhee and 256 00:13:18,320 --> 00:13:21,120 Speaker 1: the hockey side of our organization. And so even though 257 00:13:21,160 --> 00:13:24,880 Speaker 1: I came shortly thereafter, all of our hockey infrastructure was 258 00:13:24,920 --> 00:13:29,319 Speaker 1: in place, UM, all of our scouts, pro amateur, UM, 259 00:13:29,360 --> 00:13:32,120 Speaker 1: all of the other support group are assistant general manager 260 00:13:32,200 --> 00:13:35,280 Speaker 1: Kelly mccrimmin um. And so George had really built his 261 00:13:35,320 --> 00:13:37,920 Speaker 1: team out. And so when every other team, when you 262 00:13:37,960 --> 00:13:42,040 Speaker 1: go back to Fall of six, team was was was 263 00:13:42,080 --> 00:13:44,400 Speaker 1: in their season and preparing for their season, we were 264 00:13:44,400 --> 00:13:46,599 Speaker 1: preparing for one thing, and that was the expansion and 265 00:13:46,640 --> 00:13:50,240 Speaker 1: the amateur draft coming up in June seventeen, and so 266 00:13:50,320 --> 00:13:53,600 Speaker 1: we really had an opportunity to really go deep. And 267 00:13:53,679 --> 00:13:56,200 Speaker 1: you know, honestly, I think our guys knew most of 268 00:13:56,200 --> 00:13:59,120 Speaker 1: those organizations better than even some of their own people did, 269 00:13:59,360 --> 00:14:01,800 Speaker 1: just in terms of how deep they went on their players, 270 00:14:01,880 --> 00:14:05,080 Speaker 1: and like I said, just did a fantastic job piecing 271 00:14:05,080 --> 00:14:08,960 Speaker 1: this together through the expansion, the expansion draft last summer. 272 00:14:09,160 --> 00:14:11,960 Speaker 1: We are chatting with Carry Boo Bolts, the Vegas Golden 273 00:14:12,080 --> 00:14:15,440 Speaker 1: Knights president, and Carry, from an analytic standpoint, where do 274 00:14:15,520 --> 00:14:18,640 Speaker 1: your customers come from? Obviously a chunk will be local, 275 00:14:18,880 --> 00:14:23,040 Speaker 1: But do you see an influx from Winnipeg, Detroit, Toronto 276 00:14:23,440 --> 00:14:25,880 Speaker 1: when that team's in town, because that was always sort 277 00:14:25,880 --> 00:14:29,120 Speaker 1: of the messaging from the NHL. You had strong local support, 278 00:14:29,520 --> 00:14:31,760 Speaker 1: but you also filled the building with sort of these 279 00:14:31,760 --> 00:14:34,640 Speaker 1: tour packages when the teams come to town. You're partially correct, 280 00:14:34,720 --> 00:14:37,200 Speaker 1: I think, just to kind of answer your question, Um, 281 00:14:37,480 --> 00:14:39,440 Speaker 1: the league, first of all did a great job of 282 00:14:39,480 --> 00:14:41,760 Speaker 1: making sure that during the ticket drive early on in 283 00:14:41,800 --> 00:14:45,240 Speaker 1: the process, that it was locally driven, and they put 284 00:14:45,240 --> 00:14:48,160 Speaker 1: parameters in place, whether it be the casinos that are 285 00:14:48,160 --> 00:14:50,640 Speaker 1: here in the marketplace in terms of the number of 286 00:14:50,640 --> 00:14:53,280 Speaker 1: tickets that they could buy. Um. And when it all 287 00:14:53,320 --> 00:14:57,280 Speaker 1: shook out, of all of our season ticket members were 288 00:14:57,440 --> 00:15:00,960 Speaker 1: from Las Vegas, um, so they were they were local 289 00:15:01,320 --> 00:15:03,920 Speaker 1: and UM. And then that remaining ten pc, you know, 290 00:15:03,920 --> 00:15:05,880 Speaker 1: you got a little bit of southern California, a little 291 00:15:05,880 --> 00:15:08,600 Speaker 1: bit of Canada, a little bit of other parts of Nevada, 292 00:15:08,680 --> 00:15:11,360 Speaker 1: and a little bit of Utah. But that was primarily 293 00:15:11,360 --> 00:15:14,080 Speaker 1: the primarily the market. Um, you know, in terms of 294 00:15:14,120 --> 00:15:16,920 Speaker 1: our base what we saw during the regular season, and 295 00:15:16,960 --> 00:15:20,440 Speaker 1: we actually, um, you know, we're I don't want to 296 00:15:20,440 --> 00:15:24,120 Speaker 1: say we aggressively marketed, but we were certainly not working 297 00:15:24,160 --> 00:15:28,360 Speaker 1: against it because we're a destination market and so um, 298 00:15:28,400 --> 00:15:31,720 Speaker 1: those visiting fans were very welcome in our city and 299 00:15:31,760 --> 00:15:34,400 Speaker 1: in our venue during the regular season. And you mentioned 300 00:15:34,400 --> 00:15:38,280 Speaker 1: a few like Winnipeg as an example, they traveled extremely well, 301 00:15:38,280 --> 00:15:40,480 Speaker 1: but all of those seats were being bought in the 302 00:15:40,520 --> 00:15:46,520 Speaker 1: secondary marketplace through through our exclusive partnership with StubHub, and 303 00:15:46,600 --> 00:15:49,960 Speaker 1: so uh way to get that sponsor mentioned in there, 304 00:15:50,000 --> 00:15:52,800 Speaker 1: you go, Yes, but I give I give those guys credit. 305 00:15:53,040 --> 00:15:56,800 Speaker 1: Up in Winnipeg and then Edmonton traveled extremely well. They 306 00:15:56,800 --> 00:16:00,080 Speaker 1: were actually they traveled more from those two markets and 307 00:16:00,280 --> 00:16:03,160 Speaker 1: any of the other US markets and then of course 308 00:16:03,240 --> 00:16:06,920 Speaker 1: Chicago Detroit. Um, they did extremely well when we played 309 00:16:06,920 --> 00:16:10,320 Speaker 1: the Rangers, you know, they did well. Um. Of course 310 00:16:10,440 --> 00:16:14,040 Speaker 1: l A just based on proximity, they did very well. Um. 311 00:16:14,040 --> 00:16:16,480 Speaker 1: But as we got towards the playoffs, um, you know, 312 00:16:16,480 --> 00:16:19,920 Speaker 1: we ultimately decided, okay, that's the regular season. Now it 313 00:16:20,200 --> 00:16:23,040 Speaker 1: now it counts, and so we put a different process 314 00:16:23,080 --> 00:16:28,080 Speaker 1: in place, and ultimately, uh, we're very creative in terms 315 00:16:28,080 --> 00:16:30,760 Speaker 1: of how we went to our members and really just 316 00:16:30,920 --> 00:16:33,680 Speaker 1: encouraging them that hey, this is the Stanley Cup playoffs, 317 00:16:34,280 --> 00:16:38,080 Speaker 1: and we incentivized them financially to uh to make sure 318 00:16:38,160 --> 00:16:39,880 Speaker 1: that they were you know, and give them the best 319 00:16:39,920 --> 00:16:43,400 Speaker 1: value through what we called the Knights Vowel Program um 320 00:16:43,440 --> 00:16:45,680 Speaker 1: to not resell their tickets, but if they were going 321 00:16:45,760 --> 00:16:48,960 Speaker 1: to resell, um, you know, sell them through our exclusive 322 00:16:49,000 --> 00:16:51,120 Speaker 1: marketplace with StubHub. But also they were going to pay 323 00:16:51,120 --> 00:16:54,880 Speaker 1: a higher price for their Stanley Cup playoff tickets. And 324 00:16:55,160 --> 00:16:56,920 Speaker 1: we really felt like it was a win win our 325 00:16:56,960 --> 00:16:59,720 Speaker 1: members that we're going to sell their seats, they got 326 00:16:59,760 --> 00:17:02,120 Speaker 1: a value and a great price, and then those that 327 00:17:02,160 --> 00:17:04,920 Speaker 1: still wanted the option to resell their tickets or stub Hub. 328 00:17:05,000 --> 00:17:07,000 Speaker 1: They could, but they were going to pay a higher 329 00:17:07,040 --> 00:17:10,280 Speaker 1: price than the result was because we were really trying to, 330 00:17:10,520 --> 00:17:12,399 Speaker 1: you know, make for the best home ice advantage we 331 00:17:12,440 --> 00:17:16,600 Speaker 1: could and not have as many visiting fans um and 332 00:17:16,600 --> 00:17:18,639 Speaker 1: and there literally were no Kings fans in the building 333 00:17:18,680 --> 00:17:22,280 Speaker 1: hardly at all, and a few hundred at best. And 334 00:17:22,320 --> 00:17:25,200 Speaker 1: I was really really proud of our market and proud 335 00:17:25,200 --> 00:17:27,640 Speaker 1: of the effort. And it really made for an even 336 00:17:27,880 --> 00:17:29,960 Speaker 1: you know, we had we had playoff games every night 337 00:17:30,000 --> 00:17:32,199 Speaker 1: during the regular season. It was even more amped up 338 00:17:32,240 --> 00:17:34,560 Speaker 1: when we got to games one and two last week. 339 00:17:34,760 --> 00:17:37,040 Speaker 1: For those visiting fans. I would imagine a portion of 340 00:17:37,080 --> 00:17:39,040 Speaker 1: that is obviously the attraction of the city that that 341 00:17:39,080 --> 00:17:42,080 Speaker 1: you guys playing, Uh there also seems to be the 342 00:17:42,119 --> 00:17:45,120 Speaker 1: attraction of the games itself. I keep hearing from people. 343 00:17:45,119 --> 00:17:47,600 Speaker 1: I haven't been out to Team mobiliver any yet, keep 344 00:17:47,640 --> 00:17:50,719 Speaker 1: hearing you need to go just for the experience. Nobody 345 00:17:50,760 --> 00:17:52,879 Speaker 1: says that about any other team I can think of 346 00:17:52,920 --> 00:17:54,960 Speaker 1: in sports, you know, and nobody says you have you 347 00:17:54,960 --> 00:17:56,600 Speaker 1: have to go to the Islanders games here in Brooklyn 348 00:17:56,640 --> 00:17:59,080 Speaker 1: because the experience is so good. You know, you have 349 00:17:59,480 --> 00:18:02,200 Speaker 1: started to allay in the intermission you have Blue Man group. 350 00:18:02,359 --> 00:18:05,480 Speaker 1: How important is the actual surrounding the experience, the whole 351 00:18:05,560 --> 00:18:08,600 Speaker 1: entertainment of the game to kind of keeping fans both 352 00:18:08,640 --> 00:18:12,640 Speaker 1: from Vegas and visiting fans were coming through the turnstiles. 353 00:18:13,480 --> 00:18:15,400 Speaker 1: And I appreciate you bringing that up because I think 354 00:18:15,440 --> 00:18:17,480 Speaker 1: it's one of the most important things that we do. 355 00:18:18,160 --> 00:18:20,000 Speaker 1: And um, you know, first of all, we have a 356 00:18:20,040 --> 00:18:22,720 Speaker 1: market that has a reputation and even a moniker as 357 00:18:22,800 --> 00:18:26,199 Speaker 1: being the entertainment capital of the world. And so we 358 00:18:26,280 --> 00:18:29,800 Speaker 1: knew early on that that as we looked at building 359 00:18:29,840 --> 00:18:32,800 Speaker 1: this brand, that we knew there were enough hockey fans here. 360 00:18:32,840 --> 00:18:34,560 Speaker 1: So we felt great about that and they were going 361 00:18:34,600 --> 00:18:36,679 Speaker 1: to come for the hockey. But ultimately, if we were 362 00:18:36,680 --> 00:18:40,639 Speaker 1: going to go deeper and wider across the entire market area, 363 00:18:40,840 --> 00:18:43,640 Speaker 1: that that we had to really compete with the great 364 00:18:43,720 --> 00:18:46,480 Speaker 1: entertainment options that are on you know, in this market already. 365 00:18:47,000 --> 00:18:50,199 Speaker 1: And so game presentation and the event presentation were a 366 00:18:50,280 --> 00:18:52,960 Speaker 1: huge focus, both in terms of the people that we 367 00:18:53,040 --> 00:18:56,200 Speaker 1: hired internally and the talent and resources that we put forth, 368 00:18:56,880 --> 00:19:00,159 Speaker 1: but also, um, all of the things that ultimate we 369 00:19:00,240 --> 00:19:03,679 Speaker 1: play out during our games, from what we do with 370 00:19:03,760 --> 00:19:10,080 Speaker 1: the pregame activity Intoshiba Plaza with with our march uh 371 00:19:10,119 --> 00:19:12,520 Speaker 1: that we actually have to to the building. Can you 372 00:19:12,560 --> 00:19:14,520 Speaker 1: describe it for for our listeners who haven't been out 373 00:19:14,520 --> 00:19:17,560 Speaker 1: to Vegas and who know, maybe the general NHL experience, 374 00:19:17,600 --> 00:19:20,480 Speaker 1: but not the one. Sure, I'll do the best I can. 375 00:19:20,600 --> 00:19:24,320 Speaker 1: So we're we're Our proximity is right next to the 376 00:19:24,320 --> 00:19:27,040 Speaker 1: backside of New York, New York and Monte Carlo. So 377 00:19:27,080 --> 00:19:29,879 Speaker 1: the two casinos actually are in the exter year of 378 00:19:29,920 --> 00:19:34,520 Speaker 1: our venue, and within the two areas outside Team Mobile 379 00:19:34,520 --> 00:19:37,320 Speaker 1: Arena is what they call the park district, and that 380 00:19:37,359 --> 00:19:41,399 Speaker 1: park district is restaurants and bars that literally sits just 381 00:19:41,520 --> 00:19:43,880 Speaker 1: outside the front doors of Team Mobile Arena. And so 382 00:19:43,960 --> 00:19:46,040 Speaker 1: we start on the back side of New York, New York, 383 00:19:46,560 --> 00:19:49,080 Speaker 1: and we've got our drum Bots, which is our drum corps. 384 00:19:49,240 --> 00:19:51,240 Speaker 1: We've got our Golden Aces, which is really one of 385 00:19:51,240 --> 00:19:55,080 Speaker 1: our interactive squads. We've got our Night mascot. We've got Chance, 386 00:19:55,160 --> 00:19:58,200 Speaker 1: which is our Helo Monster mascot, and then a variety 387 00:19:58,200 --> 00:20:00,800 Speaker 1: of other characters and you reference some of whether it's 388 00:20:00,840 --> 00:20:04,159 Speaker 1: the Blue Man Group or the folks from Circus l A. 389 00:20:04,440 --> 00:20:08,560 Speaker 1: And they literally parade through the park through Toshiba Plaza 390 00:20:09,080 --> 00:20:12,320 Speaker 1: into the building forty five minutes before puck drop, and 391 00:20:12,320 --> 00:20:15,160 Speaker 1: then they walk with the parade throughout both the main 392 00:20:15,240 --> 00:20:18,200 Speaker 1: concourse and then the upper concourse of the venue before 393 00:20:18,240 --> 00:20:21,160 Speaker 1: they settle into their their game night routine. And so 394 00:20:21,600 --> 00:20:24,119 Speaker 1: that's one of many, many, many things that we do. 395 00:20:24,960 --> 00:20:27,879 Speaker 1: Um then our player warmups, we don't just you know, 396 00:20:28,000 --> 00:20:30,280 Speaker 1: push the pucks out and turn the lights on and 397 00:20:30,359 --> 00:20:32,119 Speaker 1: let the guys come out. When they come out for 398 00:20:32,160 --> 00:20:34,679 Speaker 1: our warm ups, it's a part of the show. We 399 00:20:34,760 --> 00:20:37,080 Speaker 1: turn the music up as loud as we can possibly 400 00:20:37,119 --> 00:20:39,160 Speaker 1: stand it. It's like a rock concert, and a lot 401 00:20:39,160 --> 00:20:42,399 Speaker 1: of the visiting team fans and players have commented to 402 00:20:42,440 --> 00:20:45,159 Speaker 1: me about what what great energy we have even just 403 00:20:45,240 --> 00:20:47,479 Speaker 1: for the warm ups. And then of course we go 404 00:20:47,520 --> 00:20:51,040 Speaker 1: into the actual player introductions, which is a big it's 405 00:20:51,040 --> 00:20:53,080 Speaker 1: a big event. It's not just videos. And then the 406 00:20:53,119 --> 00:20:57,199 Speaker 1: guys skating out. We actually have a what amounts to 407 00:20:57,240 --> 00:21:00,320 Speaker 1: a many play that actually happens on the ice with 408 00:21:00,440 --> 00:21:03,080 Speaker 1: the bad guys of the visiting team, and then of 409 00:21:03,119 --> 00:21:09,080 Speaker 1: course the night character he slays the visiting team. Uh uh, person, 410 00:21:09,200 --> 00:21:11,720 Speaker 1: the bad guy? Can you tell me that that job 411 00:21:11,760 --> 00:21:16,080 Speaker 1: description that posting was like, you know, seeking long haired 412 00:21:16,600 --> 00:21:20,119 Speaker 1: night like men who can skate. That's right. Well, the 413 00:21:20,160 --> 00:21:24,240 Speaker 1: skating part was important, uh, which it was incredibly important, 414 00:21:24,280 --> 00:21:26,360 Speaker 1: but it's all a part of the story that we're 415 00:21:26,359 --> 00:21:29,359 Speaker 1: telling as part of the night and these these other 416 00:21:29,680 --> 00:21:33,119 Speaker 1: thirty teams are descending upon Las Vegas to steal the 417 00:21:33,200 --> 00:21:37,360 Speaker 1: golden sword. That uh, that is really a big part 418 00:21:37,400 --> 00:21:39,760 Speaker 1: of the actual show. And so the golden sword is 419 00:21:39,800 --> 00:21:42,520 Speaker 1: on the ice and the bad guy tries to steal 420 00:21:42,560 --> 00:21:44,959 Speaker 1: the sword, and then of course that our guy comes out, 421 00:21:45,119 --> 00:21:47,160 Speaker 1: knocks him down, and then he takes the sword out, 422 00:21:47,760 --> 00:21:49,720 Speaker 1: and then of course there's lights, and there's music, and 423 00:21:49,720 --> 00:21:52,000 Speaker 1: there's video and all of that's kind of playing out. 424 00:21:52,359 --> 00:21:56,560 Speaker 1: And then we have a giant twenty foot helmet of 425 00:21:56,560 --> 00:21:59,679 Speaker 1: our brand and our logo that descends down from the 426 00:21:59,720 --> 00:22:02,359 Speaker 1: roof with this very ominous music and this smoke and 427 00:22:02,400 --> 00:22:07,119 Speaker 1: this deep deep gold lights and it descends down and 428 00:22:07,119 --> 00:22:10,040 Speaker 1: then of course the guys skate out from there, and um, 429 00:22:10,119 --> 00:22:12,480 Speaker 1: I'm not doing it justice over the you know, over 430 00:22:12,480 --> 00:22:14,240 Speaker 1: the phone here today. It is something that is a 431 00:22:14,320 --> 00:22:17,120 Speaker 1: must see in my opinion, but I've heard from people 432 00:22:17,119 --> 00:22:20,560 Speaker 1: all over the country just the energy and the very 433 00:22:20,680 --> 00:22:24,120 Speaker 1: unique kind of story that we're telling. And yeah, were 434 00:22:24,200 --> 00:22:27,440 Speaker 1: not old school hockey. It is not old school hockey, UM, 435 00:22:27,480 --> 00:22:29,600 Speaker 1: and we're very proud of it. We hear so much 436 00:22:29,640 --> 00:22:33,199 Speaker 1: from conference commissioners in college, from owners across all the 437 00:22:33,240 --> 00:22:35,600 Speaker 1: major sports that there is obviously this push and pull 438 00:22:35,720 --> 00:22:38,960 Speaker 1: between fans sitting at home and watching on TV, and 439 00:22:39,280 --> 00:22:42,560 Speaker 1: teams monetize that obviously very well, and then the push 440 00:22:42,640 --> 00:22:45,040 Speaker 1: to try to get people actually into the venue. But 441 00:22:45,080 --> 00:22:47,119 Speaker 1: no one seems to be doing the entertainment thing the 442 00:22:47,160 --> 00:22:49,320 Speaker 1: way that you guys are doing it. Is that have 443 00:22:49,359 --> 00:22:51,520 Speaker 1: you found the solution? Is is this the answer to 444 00:22:51,640 --> 00:22:55,560 Speaker 1: just go over the top in terms of entertainment value. Well, 445 00:22:55,760 --> 00:22:57,560 Speaker 1: you know, I think every market is a little bit different, 446 00:22:57,600 --> 00:23:00,159 Speaker 1: but certainly, as I mentioned earlier, UM, we have a 447 00:23:00,200 --> 00:23:05,159 Speaker 1: reputation and an expectation that that we have to deliver on. 448 00:23:05,280 --> 00:23:07,200 Speaker 1: And and look, we would be naive if we thought 449 00:23:07,240 --> 00:23:10,440 Speaker 1: every single person that was there was just there because 450 00:23:10,920 --> 00:23:14,000 Speaker 1: because they want to watch just the hockey part. Again, 451 00:23:14,040 --> 00:23:18,280 Speaker 1: we're trying to find that balance between entertaining people and 452 00:23:18,280 --> 00:23:20,720 Speaker 1: then ultimately introducing them to a sport. And I'm proud 453 00:23:20,760 --> 00:23:23,160 Speaker 1: of the fact the number of I mean, it's literally 454 00:23:23,280 --> 00:23:26,679 Speaker 1: hundreds of conversations I've had during the year with people 455 00:23:26,720 --> 00:23:29,520 Speaker 1: that have said, I never had any interest in hockey ever, 456 00:23:30,359 --> 00:23:32,840 Speaker 1: and now I can't wait for the next game, to 457 00:23:33,000 --> 00:23:36,040 Speaker 1: watch it on TV or to be here, um, and 458 00:23:36,080 --> 00:23:39,520 Speaker 1: they're they're wrapped up into it, and UM it's uh, 459 00:23:39,560 --> 00:23:41,960 Speaker 1: you know, it really has turned into something special. And 460 00:23:42,000 --> 00:23:44,880 Speaker 1: like I said, we're really really proud of what's happened. 461 00:23:44,880 --> 00:23:46,680 Speaker 1: And it all starts with the guys on the ice 462 00:23:46,760 --> 00:23:49,520 Speaker 1: and the work ethic that they bring every night and 463 00:23:49,560 --> 00:23:53,440 Speaker 1: the success that they're having. And ultimately it's translating UH 464 00:23:53,520 --> 00:23:56,200 Speaker 1: to give us a terrific opportunity to build a really deep, 465 00:23:56,920 --> 00:23:59,600 Speaker 1: UH and wide fan base. And ultimately our next step 466 00:23:59,640 --> 00:24:02,040 Speaker 1: is how to we build this not only on a 467 00:24:02,080 --> 00:24:04,880 Speaker 1: regional basis because we're distributing our games all the way 468 00:24:04,880 --> 00:24:08,000 Speaker 1: to Montana through our partnership with a T and T Sportsnet, 469 00:24:09,359 --> 00:24:11,159 Speaker 1: but how do we really build this brand on a 470 00:24:11,280 --> 00:24:14,960 Speaker 1: national and even international basis, Much like the city of 471 00:24:15,040 --> 00:24:17,760 Speaker 1: Las Vegas is, and um, you know, even though it's 472 00:24:18,160 --> 00:24:21,560 Speaker 1: the fort largest TV market, the brand Las Vegas is 473 00:24:21,680 --> 00:24:26,040 Speaker 1: one that is much much wider distributed on a national 474 00:24:26,040 --> 00:24:28,879 Speaker 1: and international basis. And we're trying to find ways to 475 00:24:28,880 --> 00:24:31,000 Speaker 1: connect the hockey team to that. I'm glad you didn't 476 00:24:31,000 --> 00:24:33,800 Speaker 1: sell yourself short there on just the national everybody looks 477 00:24:33,800 --> 00:24:37,240 Speaker 1: international with scalable media these days, and we're chatting with 478 00:24:37,320 --> 00:24:40,199 Speaker 1: Vegas Golden Knights president Carry Boobot and Carry. This is 479 00:24:40,200 --> 00:24:42,439 Speaker 1: gonna be an odd question, but it is something that 480 00:24:42,520 --> 00:24:45,320 Speaker 1: comes up when I'm talking to some folks in the business, 481 00:24:45,359 --> 00:24:49,159 Speaker 1: mostly on the business side of franchises. Some say that 482 00:24:49,240 --> 00:24:53,920 Speaker 1: there's a possibility that in year one you're having too 483 00:24:54,000 --> 00:24:58,200 Speaker 1: much success that in an ideal would not be one 484 00:24:58,200 --> 00:25:00,800 Speaker 1: of the best teams in the league winning and going 485 00:25:00,880 --> 00:25:04,520 Speaker 1: deep in the playoffs because expectations from first year customers 486 00:25:04,840 --> 00:25:07,560 Speaker 1: are then set for that. Is there any merit to 487 00:25:07,560 --> 00:25:11,480 Speaker 1: such an argument. Well, I understand that people would make 488 00:25:11,520 --> 00:25:14,119 Speaker 1: that comment, and uh, you know, I think I'm going 489 00:25:14,160 --> 00:25:16,800 Speaker 1: to separate the business side of that question from the 490 00:25:17,240 --> 00:25:19,320 Speaker 1: from the hockey side of it and then answer both. 491 00:25:19,359 --> 00:25:22,560 Speaker 1: But you know, I would say, on the business side, Um, 492 00:25:22,600 --> 00:25:25,439 Speaker 1: the vast majority of the economic numbers that we've been 493 00:25:25,480 --> 00:25:28,160 Speaker 1: able to create were ones that we expected. We knew 494 00:25:28,160 --> 00:25:31,360 Speaker 1: where the business was, We expected to be over capacity 495 00:25:31,400 --> 00:25:34,640 Speaker 1: for every game. Um, I mentioned the retail as being 496 00:25:34,720 --> 00:25:37,359 Speaker 1: a you know, a nice surprise because of the byproduct 497 00:25:37,440 --> 00:25:40,120 Speaker 1: of the on ice part of what's happened here. Uh, 498 00:25:40,160 --> 00:25:42,399 Speaker 1: So that certainly has been uh you know, been a 499 00:25:42,960 --> 00:25:45,520 Speaker 1: you know, a different opportunity. But we expected that we 500 00:25:45,560 --> 00:25:49,200 Speaker 1: would build a great foundation for the long term. And 501 00:25:49,400 --> 00:25:52,680 Speaker 1: I've never believed in the honeymoon effect. I believe great 502 00:25:52,720 --> 00:25:55,600 Speaker 1: operators continue to build their business and have success each 503 00:25:55,600 --> 00:25:58,480 Speaker 1: and every year. But a lot of times we're defined 504 00:25:58,560 --> 00:26:01,160 Speaker 1: by the on ice or on our side of our 505 00:26:01,240 --> 00:26:04,240 Speaker 1: of our of our product. And I understand that part 506 00:26:04,240 --> 00:26:07,400 Speaker 1: of it. And so, um, I think early on, if 507 00:26:07,400 --> 00:26:09,320 Speaker 1: you were to ask the hockey guys, it's like, Okay, 508 00:26:09,359 --> 00:26:12,800 Speaker 1: this is great. But at some point, um, you know, 509 00:26:12,920 --> 00:26:15,520 Speaker 1: the kind of the reality of the situation kind of 510 00:26:15,560 --> 00:26:18,359 Speaker 1: starts to settle in. But as it continued to build, 511 00:26:18,359 --> 00:26:20,880 Speaker 1: and as the momentum continued to happen, and then ultimately 512 00:26:20,920 --> 00:26:23,720 Speaker 1: we got to the trade deadline, and uh and I 513 00:26:23,800 --> 00:26:26,080 Speaker 1: give George mcpheel a lot of credit. You know, he 514 00:26:26,560 --> 00:26:30,520 Speaker 1: basically had many, many opportunities to change up this roster, 515 00:26:31,119 --> 00:26:32,879 Speaker 1: and I think there was a lot of speculation that 516 00:26:32,960 --> 00:26:35,439 Speaker 1: we would, but the thing that stood out for me 517 00:26:35,480 --> 00:26:38,280 Speaker 1: the most. As he said, this group has earned the 518 00:26:38,359 --> 00:26:41,639 Speaker 1: opportunity not to have changes and to go see what 519 00:26:41,680 --> 00:26:44,400 Speaker 1: they can do in the Stanley Cup playoffs. And that's 520 00:26:44,440 --> 00:26:47,800 Speaker 1: what that's what they're going out to do. So, um, 521 00:26:47,840 --> 00:26:49,399 Speaker 1: you know, once you get to this point and you 522 00:26:49,520 --> 00:26:53,200 Speaker 1: get in the tournament, so to speak, unlike my days 523 00:26:53,240 --> 00:26:55,600 Speaker 1: in the NBA, where it's you know, you you want 524 00:26:55,640 --> 00:26:57,880 Speaker 1: to say all six team teams had a chance, but 525 00:26:58,320 --> 00:27:00,560 Speaker 1: let's be realistic. Let's be real list like hold on 526 00:27:00,640 --> 00:27:02,840 Speaker 1: you for people don't know your background. You came from 527 00:27:02,840 --> 00:27:05,600 Speaker 1: the Cleveland Cavaliers, you had Lebron. Every team didn't have 528 00:27:05,600 --> 00:27:09,480 Speaker 1: a chance. That's right, That's right. And so we you know, 529 00:27:09,560 --> 00:27:11,960 Speaker 1: we we even as you kind of map it out 530 00:27:12,000 --> 00:27:14,280 Speaker 1: in terms of finding we were mapping it out to 531 00:27:14,320 --> 00:27:16,679 Speaker 1: the NBA. Fine, I mean that's what our expectation was. 532 00:27:17,480 --> 00:27:19,280 Speaker 1: And uh and a lot of it did have to 533 00:27:19,280 --> 00:27:21,600 Speaker 1: do with Lebron. And so whether it be Golden State 534 00:27:21,720 --> 00:27:25,439 Speaker 1: or Houston, Um, you know, I'd be surprised if there was, 535 00:27:26,320 --> 00:27:28,360 Speaker 1: you know, another team outside of the ones that we've 536 00:27:28,400 --> 00:27:30,600 Speaker 1: talked about. You know, you know, I love what Minnesota 537 00:27:30,640 --> 00:27:33,119 Speaker 1: is doing. I love what Philadelphia is doing um, but 538 00:27:33,200 --> 00:27:36,240 Speaker 1: you have to be realistic. Hockey is different. And last 539 00:27:36,320 --> 00:27:39,359 Speaker 1: year is a perfect example. Literally the last day or 540 00:27:39,400 --> 00:27:43,480 Speaker 1: two of the regular season, Nashville slides into the playoffs 541 00:27:44,200 --> 00:27:46,879 Speaker 1: and nobody expected me. They were the sixteenth seed, nobody 542 00:27:46,880 --> 00:27:49,320 Speaker 1: expected them to do what they did. And next thing 543 00:27:49,320 --> 00:27:52,600 Speaker 1: you know, they're competing against Pittsburgh for the Stanley Cup Championship. 544 00:27:53,240 --> 00:27:56,639 Speaker 1: And year after year after year you find seven and 545 00:27:56,680 --> 00:28:01,639 Speaker 1: eight seeds doing great things and ultimately getting to advance situations, 546 00:28:01,680 --> 00:28:04,000 Speaker 1: whether it be the Eastern and Western Conference finals or 547 00:28:04,040 --> 00:28:06,959 Speaker 1: the Stanley Cup finals. So when you get in the derby, 548 00:28:07,119 --> 00:28:11,120 Speaker 1: you go for it and we're in. And now now 549 00:28:11,160 --> 00:28:13,520 Speaker 1: the guys are going for it, and off of this 550 00:28:13,600 --> 00:28:17,080 Speaker 1: first round, hopefully they've got more more confidence and more 551 00:28:17,160 --> 00:28:20,160 Speaker 1: momentum and let's see what happens in round two. Carry 552 00:28:20,200 --> 00:28:23,080 Speaker 1: One of the biggest sports business stories nationwide right now 553 00:28:23,200 --> 00:28:25,919 Speaker 1: is is this possibility that the sports gambling is going 554 00:28:25,960 --> 00:28:29,120 Speaker 1: to be legalized around the country. You are the only 555 00:28:29,320 --> 00:28:32,720 Speaker 1: sports franchise in the US right now where betting happens 556 00:28:32,800 --> 00:28:35,840 Speaker 1: legally in your backyard. I'm curious as to what you 557 00:28:35,880 --> 00:28:38,440 Speaker 1: think the opportunities are both for you guys in for 558 00:28:38,680 --> 00:28:43,640 Speaker 1: franchises around the country. Uh, if the Supreme Court decides that, 559 00:28:43,680 --> 00:28:46,200 Speaker 1: you know, what, states are free to to offer sports 560 00:28:46,200 --> 00:28:49,240 Speaker 1: gambling if they want right right well, and obviously that's 561 00:28:49,240 --> 00:28:53,160 Speaker 1: a great question in one where we're definitely paying attention to. UM. 562 00:28:53,200 --> 00:28:55,960 Speaker 1: I do think though that, you know, our impact is 563 00:28:56,000 --> 00:29:00,440 Speaker 1: probably the least of any sports organization that's out because 564 00:29:00,480 --> 00:29:02,680 Speaker 1: we're already in it. We're already living it every day 565 00:29:02,720 --> 00:29:05,640 Speaker 1: and UM, you know, honestly, it's not a huge part 566 00:29:05,680 --> 00:29:09,040 Speaker 1: of of what we do here. Uh, We're aware of it. 567 00:29:09,080 --> 00:29:11,440 Speaker 1: We know our fans are participating in it. I talked 568 00:29:11,440 --> 00:29:14,400 Speaker 1: to the guys at some of our casino partners who how, 569 00:29:14,920 --> 00:29:17,920 Speaker 1: you know, how the sports books are performing with hockey, 570 00:29:17,960 --> 00:29:22,320 Speaker 1: which has been an that's that's right there. But they're 571 00:29:22,360 --> 00:29:25,080 Speaker 1: the amount of wagering on hockey has gone up, you know, 572 00:29:25,120 --> 00:29:27,680 Speaker 1: and anywhere from ten to fifteen times what it was 573 00:29:28,160 --> 00:29:31,280 Speaker 1: before the Golden Nights in the majority of the sports 574 00:29:31,320 --> 00:29:35,760 Speaker 1: books with the larger casinos here. UM. But ultimately, as 575 00:29:35,840 --> 00:29:39,040 Speaker 1: the Supreme Court goes through their process, if that opens up, 576 00:29:39,760 --> 00:29:42,920 Speaker 1: um the market in a different way for other teams. Um, 577 00:29:42,960 --> 00:29:44,800 Speaker 1: you know, I think first and foremost the leagues are 578 00:29:44,800 --> 00:29:47,000 Speaker 1: going to have to decide, Okay, what does that look 579 00:29:47,080 --> 00:29:51,520 Speaker 1: like because right now, um, you know, team just about 580 00:29:51,560 --> 00:29:54,400 Speaker 1: every team around the country at the major league level, 581 00:29:54,640 --> 00:29:58,600 Speaker 1: they already have gaming relationships. They just can't promote the 582 00:29:58,640 --> 00:30:01,720 Speaker 1: sports book part of it, um and or in most 583 00:30:01,720 --> 00:30:05,080 Speaker 1: cases they don't have sports books and so um you know, 584 00:30:05,120 --> 00:30:08,720 Speaker 1: those rules and guidelines are already in place. So UM, 585 00:30:08,760 --> 00:30:10,480 Speaker 1: I think it's going to take a little bit of time, 586 00:30:10,960 --> 00:30:14,480 Speaker 1: um for especially some of the mobile gaming opportunities that 587 00:30:14,520 --> 00:30:16,720 Speaker 1: are already existing in Europe and and some of the 588 00:30:16,720 --> 00:30:20,280 Speaker 1: other places, with soccer in particular, UM for that to 589 00:30:20,640 --> 00:30:26,200 Speaker 1: create um more revenue opportunities for major league teams, both 590 00:30:26,240 --> 00:30:28,840 Speaker 1: in terms of the sponsorship space and or some other 591 00:30:28,960 --> 00:30:32,800 Speaker 1: kind of shared revenue scenarios that that may be out there. 592 00:30:32,800 --> 00:30:35,400 Speaker 1: But um, you know, right now, all of that lead 593 00:30:35,440 --> 00:30:38,200 Speaker 1: would come from the NHL, and and uh you know, 594 00:30:38,280 --> 00:30:41,360 Speaker 1: we would just follow, uh follow their direction on that 595 00:30:41,440 --> 00:30:44,080 Speaker 1: front and see what happens. But I do believe because 596 00:30:44,120 --> 00:30:45,960 Speaker 1: I see it here in Las Vegas, which I didn't 597 00:30:46,000 --> 00:30:49,920 Speaker 1: understand it as much in my time in Cleveland, is it. 598 00:30:50,120 --> 00:30:52,560 Speaker 1: Uh it does. And you know, I think the NFL 599 00:30:52,600 --> 00:30:56,719 Speaker 1: is the best example. UM it does create a deeper 600 00:30:56,760 --> 00:31:00,720 Speaker 1: and different connection for people to follow the games, um 601 00:31:00,760 --> 00:31:04,680 Speaker 1: because of the wagering opportunities. And I ultimately think that's, uh, 602 00:31:04,720 --> 00:31:07,720 Speaker 1: that's a good thing because it allows you to, um, 603 00:31:07,760 --> 00:31:10,360 Speaker 1: you know, create fans in different ways other than just 604 00:31:10,400 --> 00:31:14,640 Speaker 1: the traditional uh you know fandom that people have I carry. 605 00:31:14,680 --> 00:31:16,880 Speaker 1: I want to end on this. If you make the finals, 606 00:31:17,400 --> 00:31:22,400 Speaker 1: any shot standing on center ice, raucous crowd, Celine Dion 607 00:31:22,520 --> 00:31:33,479 Speaker 1: walks out, sings the anthems that are bad. That well, 608 00:31:33,520 --> 00:31:36,080 Speaker 1: we've reached out to her, I bet you have. We 609 00:31:36,120 --> 00:31:37,640 Speaker 1: haven't been able to get her to come over yet. 610 00:31:37,680 --> 00:31:42,320 Speaker 1: I guess we're just not quite there yet. But that's right, 611 00:31:42,400 --> 00:31:45,600 Speaker 1: that's right. We would never turn down Celine Dion, that's 612 00:31:45,640 --> 00:31:48,000 Speaker 1: for sure. She's we know she's a hockey fan. We've 613 00:31:48,040 --> 00:31:50,400 Speaker 1: seen her in the market a few times with Golden 614 00:31:50,520 --> 00:31:52,640 Speaker 1: Night's gear, but we just haven't been able to connect 615 00:31:52,640 --> 00:31:54,680 Speaker 1: the dots to get her over here. But we would 616 00:31:54,680 --> 00:31:57,960 Speaker 1: love to have her, um. But until that point in time, 617 00:31:58,000 --> 00:32:00,480 Speaker 1: we've got a lot of other you know, eight people 618 00:32:00,480 --> 00:32:03,080 Speaker 1: that have reached out and UM we'll continue that. You know, 619 00:32:03,360 --> 00:32:06,320 Speaker 1: is still an important part of our event presentation is 620 00:32:06,400 --> 00:32:09,160 Speaker 1: making sure that the national anthem is is done at 621 00:32:09,200 --> 00:32:12,320 Speaker 1: a high level, and especially when you get into the playoffs, 622 00:32:12,360 --> 00:32:15,040 Speaker 1: if you can add the celebrity components. And again, I 623 00:32:15,040 --> 00:32:18,480 Speaker 1: think Nashville did an incredible job last year. Um, and 624 00:32:18,520 --> 00:32:21,200 Speaker 1: everything that they've done, we've tried to model, uh you 625 00:32:21,240 --> 00:32:23,440 Speaker 1: know a lot of what they've done and and uh 626 00:32:23,600 --> 00:32:26,320 Speaker 1: and so yeah, we'll just keep it, keep it going, 627 00:32:26,400 --> 00:32:28,760 Speaker 1: and like I said, keep having fun and keep building 628 00:32:29,400 --> 00:32:31,720 Speaker 1: and uh and then just following our coach. It's it's 629 00:32:31,760 --> 00:32:33,680 Speaker 1: literally one game at a time. So trying not to 630 00:32:33,720 --> 00:32:35,720 Speaker 1: get too far ahead of ourselves. Yeah, well it helps 631 00:32:35,720 --> 00:32:38,400 Speaker 1: if carry Underwood is married to the team captain. But 632 00:32:38,600 --> 00:32:40,960 Speaker 1: you have those such affiliations. But we'll see, all right, 633 00:32:41,160 --> 00:32:43,760 Speaker 1: Carry Boob, it's the president of the Vegas Golden Knights. 634 00:32:43,760 --> 00:32:45,880 Speaker 1: Thanks so much, and good luck the rest of the way. No, 635 00:32:46,000 --> 00:32:48,240 Speaker 1: I appreciate the time, and you guys have a great day. 636 00:32:48,400 --> 00:32:51,920 Speaker 1: Takeaways from Carry Boots. I'm struck evan by the local support. 637 00:32:52,360 --> 00:32:56,440 Speaker 1: I really doubted how many fans would show up in 638 00:32:56,440 --> 00:32:59,240 Speaker 1: the Sinogory year. I know they're good, but Vegas is 639 00:32:59,280 --> 00:33:03,000 Speaker 1: a three shift own, one working, one sleeping, leaves one 640 00:33:03,040 --> 00:33:06,600 Speaker 1: third available to maybe go. I I heard the numbers, 641 00:33:06,680 --> 00:33:09,720 Speaker 1: they had, the strong sales push, I got it. I 642 00:33:09,800 --> 00:33:13,800 Speaker 1: was still skeptical, but the locals really turned out for 643 00:33:13,800 --> 00:33:17,880 Speaker 1: this team, and they're giving you sort of a compelling, localized, 644 00:33:18,320 --> 00:33:21,520 Speaker 1: different entertainment product that you're just not going to get 645 00:33:21,520 --> 00:33:24,520 Speaker 1: anywhere else. And that's my big takeaway. They seems like 646 00:33:24,600 --> 00:33:27,480 Speaker 1: they may be on the cutting edge the early stage 647 00:33:27,520 --> 00:33:30,720 Speaker 1: of a real revolution in how sports teams handle in 648 00:33:30,840 --> 00:33:34,680 Speaker 1: arena entertainment. We saw he mentioned the Nashville Predators of 649 00:33:34,680 --> 00:33:37,760 Speaker 1: a couple of years ago utilizing the big music hub 650 00:33:37,800 --> 00:33:41,200 Speaker 1: in their town to kind of galvanized fans. Vegas is 651 00:33:41,200 --> 00:33:43,640 Speaker 1: doing that to an extreme. He has Sirked to Sola, 652 00:33:43,800 --> 00:33:46,880 Speaker 1: He has Blue Man Group, He has big name artists 653 00:33:46,880 --> 00:33:50,479 Speaker 1: that are coming in the parade that he talked the 654 00:33:50,520 --> 00:33:54,880 Speaker 1: medieval times, like jousts that happens um. There's so much 655 00:33:54,920 --> 00:33:56,760 Speaker 1: that they're doing that. I think other clubs around the 656 00:33:56,760 --> 00:33:59,040 Speaker 1: country are thinking, you know what, maybe we don't have 657 00:33:59,520 --> 00:34:02,120 Speaker 1: two people. Will random people from the stands compete in 658 00:34:02,160 --> 00:34:05,960 Speaker 1: a hockey shooting competition at the intermission, Maybe we get 659 00:34:05,960 --> 00:34:08,840 Speaker 1: a real act, something that is exciting that has people 660 00:34:08,880 --> 00:34:15,040 Speaker 1: talking about it outside of just the game. It feels 661 00:34:15,040 --> 00:34:16,880 Speaker 1: better to be number one than number five. I'll wear 662 00:34:16,960 --> 00:34:18,680 Speaker 1: a number because of Mike. We have a chance to 663 00:34:18,680 --> 00:34:20,279 Speaker 1: go for three in a row. Good numbers are a 664 00:34:20,320 --> 00:34:22,400 Speaker 1: good time. And i'd first started wearing the number, I 665 00:34:22,440 --> 00:34:26,320 Speaker 1: would just have the Bloomberg Business of sports. The number 666 00:34:26,360 --> 00:34:30,440 Speaker 1: of the week. It is now time for our number 667 00:34:30,480 --> 00:34:34,520 Speaker 1: of the week. The number is three. Mr Novie Williams. 668 00:34:34,920 --> 00:34:38,440 Speaker 1: Can you guess what? Three? It's really three year old? 669 00:34:38,800 --> 00:34:41,200 Speaker 1: Three years old? That's helpful, Okay, unless we're talking about 670 00:34:41,200 --> 00:34:43,040 Speaker 1: a human baby. I think we're talking about a full 671 00:34:43,080 --> 00:34:46,480 Speaker 1: grown thoroughbred racehorse. Was that full grown? I don't? Okay, Well, 672 00:34:46,480 --> 00:34:49,879 Speaker 1: then yes we are, yes, and a and a full 673 00:34:49,920 --> 00:34:51,840 Speaker 1: grown tight end as well. I think I know the 674 00:34:51,880 --> 00:34:53,759 Speaker 1: name of the horse and the name of the tight end. 675 00:34:54,239 --> 00:34:56,520 Speaker 1: They say, are they both drunk? Well, yes, it is 676 00:34:56,520 --> 00:35:00,920 Speaker 1: a Gronk or Gronkowski. Yes, but Rob gron Kowsky is 677 00:35:00,960 --> 00:35:04,440 Speaker 1: purchasing a stake in the Gronkowsky horse that'll be in 678 00:35:04,440 --> 00:35:08,040 Speaker 1: the Kentucky Derby. About brand synergy, one of my favorite 679 00:35:08,080 --> 00:35:11,920 Speaker 1: things about this. He announced this on Twitter, using the 680 00:35:11,960 --> 00:35:14,280 Speaker 1: headline that everybody was going to use anyway, right, gronk 681 00:35:14,320 --> 00:35:19,880 Speaker 1: buys into Gronk, who needs journalism, who needs players? To 682 00:35:19,920 --> 00:35:23,200 Speaker 1: read the quote, I've never dealt with horses, he said, 683 00:35:23,600 --> 00:35:25,680 Speaker 1: Hopefully I can get a ride on the horse that 684 00:35:26,239 --> 00:35:29,040 Speaker 1: would kill the horse. Yeah, that seems like this is 685 00:35:29,120 --> 00:35:31,640 Speaker 1: not what you want to do with your horse. Yeah. 686 00:35:31,719 --> 00:35:33,960 Speaker 1: I don't think Gronk will be riding Gronk anytime soon 687 00:35:34,040 --> 00:35:36,440 Speaker 1: unless he loses I don't know, hundred fifty pounds, two 688 00:35:36,480 --> 00:35:38,680 Speaker 1: hundred pounds. Well, I hope he listens to this program. 689 00:35:38,760 --> 00:35:41,239 Speaker 1: You have been listening to Bloomberg Business of Sports. We 690 00:35:41,320 --> 00:35:43,040 Speaker 1: are here each and every week at the same time, 691 00:35:43,120 --> 00:35:45,600 Speaker 1: exploring the world of money in sports. I'm Scott Sasha 692 00:35:45,640 --> 00:35:47,960 Speaker 1: and I'm Evan Nobi Williams. Thanks for joining us. Please 693 00:35:47,960 --> 00:35:49,960 Speaker 1: tune in next week when we speak with the biggest 694 00:35:49,960 --> 00:35:52,440 Speaker 1: and brightest in the sports business industry. You're listening to 695 00:35:52,480 --> 00:35:55,400 Speaker 1: Bloomberg Business of Sports from Bloomberg Radio around the world 696 00:35:55,440 --> 00:35:57,480 Speaker 1: and online as an Apple podcast on iTunes.