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Speaker 1: This is the business of sports where in the situation

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Speaker 1: that we haven't dealt with in modern times, pandemic here

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Speaker 1: has really accelerated the investments that we've been advocating for

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Speaker 1: for years. From a macro standpoint, I think our sport

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Speaker 1: industry is really forced to look at the business a

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Speaker 1: little bit differently. In depth conversations with the leaders in

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Speaker 1: the sports industry. Who wants to be the sacrificial lambs

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Speaker 1: that shows up at the first big major sporting events

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Speaker 1: part of something much bigger than the sport right now

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Speaker 1: and the health and raptry of our stakeholders that works

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Speaker 1: much important every moment. I think we're all from the

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Speaker 1: business respective thinking about the impact that the virus is

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Speaker 1: having across the country and Bloomberg Business of Sports from

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Speaker 1: Bloomberg Radio. Hello, I'm Jason Kelley, and I'm Mike Lynch

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Speaker 1: and I'm Michael Barr. Over the next hour, we will

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Speaker 1: explore the big money issues in the world of sports

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Speaker 1: and talk to some of the biggest players in the

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Speaker 1: industry today. We're really excited to catch up with former

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Speaker 1: NFL defensive lineman and now UBS's head of sports and Entertainment,

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Speaker 1: working with some of his old color links, teaching them

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Speaker 1: all about money, managing their wealth, etcetera. We're talking about

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Speaker 1: ottawal A, Ogan, Leia and guys. A huge amount of

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Speaker 1: news in the world of sports this week, starting with

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Speaker 1: a big, big settlement in the world of women's soccer.

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Speaker 1: The gay insarving out roots out go Ja might have

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Speaker 1: run the World Cup, so the United States. So we

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Speaker 1: do know, of course that they did go on to

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Speaker 1: win the World Cup. The U S women's national team

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Speaker 1: celebrated widely, but as we came to learn and maybe

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Speaker 1: not surprisingly not exactly on pay parity that in some

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Speaker 1: form of fashion is beginning to change. Lynch a big

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Speaker 1: settlement in a very high profile case this week. Well,

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Speaker 1: they didn't get the equal pay yet they're gonna They're

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Speaker 1: still appealing that, but they still have their on par

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Speaker 1: and their on equal footing now with the men and

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Speaker 1: hotel staffing, venue and travel. Uh, something that was a

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Speaker 1: big thorn in their side. And when I read this story,

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Speaker 1: more than the money jumping out at me was I

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Speaker 1: was thinking about the year. What a tumultuous year has

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Speaker 1: been for a number of reasons, and so many voices

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Speaker 1: that have been muted for decades and centuries, we're finally

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Speaker 1: heard in and this is one of those voices. And

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Speaker 1: there has been a response to that voice. And there's

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Speaker 1: been a response to a lot of voices on a

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Speaker 1: lot of issues during this calendar year. So I know

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Speaker 1: that they're appealing for equal pay, they're searching for somewhere

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Speaker 1: in the vicinity of sixty five million dollars in back pay.

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Speaker 1: But I think this is a giant step forward for

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Speaker 1: women's sagery certainly felt like a victory bar when you

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Speaker 1: think about candidly the optics of it all. And I mean,

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Speaker 1: there are things that now are negotiated in rightly in

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Speaker 1: my opinion, like you get to play on grass. I mean,

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Speaker 1: it seems crazy to think about, but these are the

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Speaker 1: sorts of things that they just didn't have access to.

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Speaker 1: Forgive me for saying like this, I don't know why

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Speaker 1: in the hell we're having this problem in Yeah, I

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Speaker 1: mean this is crazy. And I mean, come on, you're

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Speaker 1: all out there this this is everybody divvy up the

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Speaker 1: pie fifty women's sports, men's sports, and and that's it.

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Speaker 1: I mean, I'm getting sick and tired of this. And

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Speaker 1: and I'm speaking from uh guy who had a family

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Speaker 1: full of strong women and I don't get it. Sorry

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Speaker 1: I'm ranting, but rightfully so so Lynchia. I do think

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Speaker 1: it's interesting. You know, when you look at the economics

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Speaker 1: of all of this, and you look at men's soccer

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Speaker 1: versus women's soccer. You know, the argument on the other

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Speaker 1: side of the equal pay argument is that the sponsorship money,

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Speaker 1: the gate money, all of that is just much bigger

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Speaker 1: on the men's side. Globally, Certainly, I think part of

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Speaker 1: where the art starts to really trip up, especially here

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Speaker 1: in the United States. I'm just gonna say it, the

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Speaker 1: men's team not very good team World champions and drawing

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Speaker 1: a huge amount of interest and eyeballs, and ultimately I

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Speaker 1: think winning and winning like they did on such a

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Speaker 1: big stage ultimately made the argument much more compelling. I mean,

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Speaker 1: setting aside bar, you're exactly right, I think we all

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Speaker 1: agree sort of fundamentally with what you're saying. But ultimately,

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Speaker 1: the money aspect of this, the treatment aspect of this

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Speaker 1: was pushed forward dramatically by just winning on the field.

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Speaker 1: And it's not the first time they have won either.

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Speaker 1: The the interest in the United States women's team far

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Speaker 1: exceeds the interests in the United States men's team within

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Speaker 1: this country, within our borders. Uh, and little girls could

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Speaker 1: name five or ten members of the U S women's

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Speaker 1: national team. I don't think so little boys, that's the end,

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Speaker 1: that's one of them. It's fascinating things too, is that

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Speaker 1: I think you're everyday sports fan candidly is going to

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Speaker 1: talk about Megan Rapino long before he or she is

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Speaker 1: going to talk about you know A They're gonna go

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Speaker 1: back in their mind be like does LANDA Donovan still play?

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Speaker 1: You know? I mean they're gonna be be going with

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Speaker 1: It's like is David Beckham American? I mean that there's

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Speaker 1: a lot that just is has been accomplished, I think,

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Speaker 1: not just on the on the sporting field, but culturally

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Speaker 1: on on the part of the of the women. So uh,

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Speaker 1: here's hoping that this continues forward, but a big step,

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Speaker 1: as we said, when it comes to getting toward closer

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Speaker 1: and closer towards equal treatment. The money the pay obviously

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Speaker 1: still there as you point out Linchie on the table.

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Speaker 1: So speaking of big money, guys, obviously we all know

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Speaker 1: that the biggest money in college sports, aside from college football,

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Speaker 1: comes from college basketball. Tens of millions of dollars on

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Speaker 1: the line every year and to be made not just

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Speaker 1: in the Big Tournament, but in the conference tournaments. And

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Speaker 1: we discovered something when we spoke with Val Ackerman, the

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Speaker 1: commissioner of the Big East, about what they had done

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Speaker 1: in anticipation of something like this happening. I would say,

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Speaker 1: the good news for our league is that we did

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Speaker 1: have insurance UM that covered the cancelation of the Big

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Speaker 1: East Tournament UM, so we were protected there. We've got

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Speaker 1: a really strong policy that's an effect for the next

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Speaker 1: two years. That coverage is really hard to find what

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Speaker 1: we added and I nearly fell off my chair when

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Speaker 1: Val Ackerman revealed that to us on July twenty three

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Speaker 1: this summer. I mean, who has the foresight to get

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Speaker 1: an insurance policy that will protect you against communical diseases

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Speaker 1: or a pandemic. I mean most people you know never

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Speaker 1: used the word pandemic in their entire lives until this march.

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Speaker 1: And here's the Big East with the foresight. And not

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Speaker 1: only they made whole, pretty much whole get a collecting

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Speaker 1: ten and a half million dollars on this insures policy.

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Speaker 1: But it has two more years to run, so they're

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Speaker 1: protected through two should this pandemic not be eradicated. I mean,

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Speaker 1: I shouldn't make light of this bar, but it feels

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Speaker 1: like one of those things where whoever sold them that

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Speaker 1: insurance policy probably went back to the office and bought

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Speaker 1: a round of drinks for everybody, was like, yes, what,

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Speaker 1: I just got the big east to buy the pandemic claw.

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Speaker 1: Can you imagine that? It's like, you know, getting the

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Speaker 1: undercoat man for your car, and it's like until you

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Speaker 1: have a big winter storm and here comes the salt

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Speaker 1: and all of a sudden, bam, here it is. It's

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Speaker 1: and I have to agree with you, Lynchi. Is like

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Speaker 1: when when she said that, I'm like, wow, okay, all right, well,

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Speaker 1: and bless your heart because that, you know, when you

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Speaker 1: had the foresight to think about that and lo and behold,

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Speaker 1: here it is, and it's it's totally amazing to me.

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Speaker 1: So which leads us to the obvious question and you

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Speaker 1: alluded to it, Lynchi, which is, so, what happens in

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Speaker 1: the spring of one. We don't know about conference tournaments.

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Speaker 1: We are just getting underway with some semblance of the

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Speaker 1: college basketball season. What we do know is that there

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Speaker 1: is reportedly a plan to stage March Madness because again

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Speaker 1: there are tens of millions of dollars on the line

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Speaker 1: for the teams involved in importantly for the n C

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Speaker 1: Double A. But and this is a word we probably

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Speaker 1: never used in this form or fashion until it's going

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Speaker 1: to be bubbled. So Lynch e U, we're gonna be

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Speaker 1: once again on the outside looking in the bubble this time.

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Speaker 1: Indianapolis a very familiar place for the n C Double

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Speaker 1: A tournament. And you know what I I spent ten

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Speaker 1: days there for Super Bowl. I spent five days there

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Speaker 1: one time for uh A f C Championship. And at

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Speaker 1: the same time that was going on, there was a

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Speaker 1: cheerleading convention going on for ten thousand cheerleaders and this

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Speaker 1: city handled it like none other. And remember they handle

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Speaker 1: the Indianapolis five hundred every year, so they have no

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Speaker 1: problem handling large crowds. And they have some great venues

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Speaker 1: right in within the city of Indianapolis. They have Lucas

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Speaker 1: Oil Stadium, Banker's Life with the Pacers play um, they

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Speaker 1: have a Farmers State UH Colosseum, UH, they have the

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Speaker 1: University of Indianapolis, and then within seventy five miles you've

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Speaker 1: got Indiana, You've got Indiana State, Hanklefield Houses there, so

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Speaker 1: and remember they're not going to be staying there for

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Speaker 1: like ninety days like the NBA, And that first weekend

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Speaker 1: they're sixty four teams are gonna come in and by

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Speaker 1: Sunday night only sixteen are gonna be left. So uh so,

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Speaker 1: I think it's it's a perfect place to to have this,

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Speaker 1: and it is the Hoosier State. The final four is

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Speaker 1: scheduled to be at Lucas Oil Stadium this year anyway,

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Speaker 1: and I think this is a slam dunk. They just

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Speaker 1: will get on the phone with the NBA in the

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Speaker 1: National Hockey League, have them find out how it works

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Speaker 1: for them, and just apply the same principles this this

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Speaker 1: spring to March madness in Indianapolis. It'll be interesting to

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Speaker 1: see too bar that at you know, by that point,

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Speaker 1: maybe the vaccine is a little more widespread. You know,

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Speaker 1: maybe they have some fans that select locations, or at

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Speaker 1: least some friends and family allowed in. It'll be notable

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Speaker 1: to see. Before we move on the bar, Can I

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Speaker 1: just point out that Lynchy, you know, it's very subtle

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Speaker 1: the way he does this. He's like, oh yeah, I

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Speaker 1: spent some time there for the a f C Championship

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Speaker 1: and the Super Bowl. It's like, yeah, we get it,

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Speaker 1: we get it. You covered the Patriots. The Patriots are

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Speaker 1: really good at football. You know, it's very subtle the

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Speaker 1: way he does it. It's day. I've spent quite a

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Speaker 1: bit of time in Indianapolis, is a matter of fact.

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Speaker 1: Lovely city. Lovely city. They do a great job with

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Speaker 1: high class football. In any case. Um No, I'm excited. Listen.

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Speaker 1: I love college basketball. We talked about the Big East.

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Speaker 1: I'm a Georgetown guy, um, and I think March Madness

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Speaker 1: is it's the sort of thing bar that will make

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Speaker 1: us feel something close to normal again, even if it's

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Speaker 1: in a bubble. The fact that you know, those teams

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Speaker 1: can get on and and not for nothing, we want

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Speaker 1: these college kids to play. You know why, And I

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Speaker 1: know this might sound silly, why this feels hopefully normal

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Speaker 1: because you're gonna have March madn is going on at

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Speaker 1: the same time of the n b A and and

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Speaker 1: it'll be a fresher season because they're gonna kick off

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Speaker 1: on later this month for the NBA. But still, I

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Speaker 1: like that where you have you know, both sports going,

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Speaker 1: both hoops collegiate and the pros going at the same time.

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Speaker 1: I always enjoyed it. So when a lot of college

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Speaker 1: basketball got knocked out earlier this year, uh, there was

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Speaker 1: a sense of loss that I felt. So I'm glad

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Speaker 1: to see it back. I'm Jason Kelly along with Mike

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Speaker 1: Lynch and Michael Barton. Today our guest out of Wally

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Speaker 1: Ogan Las to be Pocket closes pit in the chest

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Speaker 1: that daddy Goesla came up with the ball as well.

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Speaker 1: All right, well you heard it there. This is a

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Speaker 1: guy who has been on the field of battle now

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Speaker 1: taking on a little bit of a different task. Former

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Speaker 1: NFL defensive lineman now ubs is head of sports and

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Speaker 1: Entertainment business for Wealth. Uh. While A really nice to

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Speaker 1: have you with us. Thank you, man, I appreciate that. Man.

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Speaker 1: I almost ran downstairs to put my helmet on. So

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Speaker 1: so would you hear something like that and you think

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Speaker 1: about where you are now, like how does it all

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Speaker 1: sort of fit together in your mind? Oh? Man, it's

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Speaker 1: it's amazing. Man. I wish you know, I have two

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Speaker 1: young kids, and I wish they would understand. You know,

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Speaker 1: I have a three year old son and it's and

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Speaker 1: my days of battling of just trying to get him

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Speaker 1: to to be potty trained, so I'm well removed from it.

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Speaker 1: But you know, this new, this new, I guess I

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Speaker 1: want to a path that I'm taking. Um, it has

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Speaker 1: its own you know, struggles and and and things that

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Speaker 1: I have to work on to make sure that you

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Speaker 1: know I'm doing them. I think for our clients and

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Speaker 1: prospects and and really the industry as a whole. Just

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Speaker 1: trying to change things up. So it's a new career,

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Speaker 1: but it's it's it's daunting, but it's it's it's gonna

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Speaker 1: be fun and uh and challenging at the same time. Well,

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Speaker 1: before we went on the air, you said that, and

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Speaker 1: you very kindly said, if anything you need me, just

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Speaker 1: I'll come running. And as a former Demon, don't Demon,

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Speaker 1: don't come running at me because I'm not a small guy.

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Speaker 1: And if you hit me, the next thing, you know,

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Speaker 1: people will be saying, is, well, you know, I remember

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Speaker 1: when Michael had a funt And what's it the transfer

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Speaker 1: that you've made from the NFL to what you're doing

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Speaker 1: now you are with UBS and uh, you're done. You're

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Speaker 1: the director of the head of Sports and Entertainment division.

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Speaker 1: Take us through that and what that soul about? Yeah,

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Speaker 1: thank you. Um. So, you know, it really just came

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Speaker 1: from you know, after I had got done playing you

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Speaker 1: know sports, and you know, I graduated from Indiana University, Uh,

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Speaker 1: played in the NFL for eleven years, and towards the

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Speaker 1: end of my career, I just realized that I just

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Speaker 1: didn't have the basic fundamentals of finances right. And and

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Speaker 1: I've thought about it as you know, It's not that

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Speaker 1: I'm not intelligent. One. I've got a degree right um

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Speaker 1: to you know, for the last ten years, I've I've

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Speaker 1: memorized and studied you know, offenses and my playbook and

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Speaker 1: was able to change on on on a whim from

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Speaker 1: week to week. But just the fact that I didn't

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Speaker 1: understand you know, simple things like what a basis point was,

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Speaker 1: and I had already you know, millions of dollars in

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Speaker 1: the bank, you know, led me to go down this

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Speaker 1: path of educating myself. So I went and got my

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Speaker 1: m b A just so I can understand just the

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Speaker 1: simple basics of it, and just realized that, you know,

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Speaker 1: this is probably the reason why a lot of our

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Speaker 1: high profile entertainers and asked me to get in trouble.

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Speaker 1: We just don't know, um, what the language of money

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Speaker 1: is and I think our institutions have to do a

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Speaker 1: better job of bringing that level of understanding to the client.

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Speaker 1: And um, that's what my goal at here at the

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Speaker 1: firm is get our esays to to speak the language

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Speaker 1: of our clients and not vice versa. And I think

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Speaker 1: I think that would be a great start for us,

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Speaker 1: and we'll get away from those headlines of you know,

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Speaker 1: you know so and so losing you know, hundreds of

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Speaker 1: millions of dollars because of because of because of not knowing.

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Speaker 1: And I'm excited that they gave me the keys and

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Speaker 1: I'm going to try to fix some things around here.

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Speaker 1: Looking over your resume, in your past, you have a

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Speaker 1: couple of self admitted mistakes investment wise and a housing

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Speaker 1: deal in Miami in a Ponzi scheme. Knowing what you

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Speaker 1: know now and where you are now, what red flags

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Speaker 1: should you have seen when you were approached for these investments? Wow,

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Speaker 1: that's a good question. You know what I know now? Um,

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Speaker 1: I guess I would have been able to ask ask

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Speaker 1: the right questions like you know, who's getting paid and

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Speaker 1: how are you getting paid in this deal? Right? You

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Speaker 1: know the simple things someone might tell me, Well, I'm

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Speaker 1: not getting paid, but you know KP. You know, I

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Speaker 1: only say a name, but let's just the random wile

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Speaker 1: A management getting paid, right, And and then there's sort

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Speaker 1: of truth of the matter. Individually that person might not

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Speaker 1: be getting paid, but you know that person owns wile

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Speaker 1: A Management, So you know the ways of not understanding

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Speaker 1: exactly you know who is benefiting because there's so many

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Speaker 1: people who have their hands in these celebrities and these

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Speaker 1: athletes pockets. It's really really hard to see, you know,

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Speaker 1: who's really out for the betterment of that of their clients.

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Speaker 1: So if I had to look back again, I would

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Speaker 1: ask more questions. But really what I would do is

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Speaker 1: I would have educated myself and I would have not,

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Speaker 1: you know, made any investments until I truly truly understood

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Speaker 1: what I was getting into. And while I take us

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Speaker 1: into sort of the early days in in in a

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Speaker 1: locker room when it comes to business, because you know

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Speaker 1: you and I have you more than I obviously have

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Speaker 1: have experienced with the NFL in terms of you know,

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Speaker 1: what they're trying to do for players, what teams are doing,

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Speaker 1: but ultimately so much of it is learned behavior. What

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Speaker 1: your peers are doing, what the older guys in the

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Speaker 1: locker room are saying, when it comes to business, how

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Speaker 1: do you sort of change that mentality so that you know,

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Speaker 1: players are sort of talking to each other in a

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Speaker 1: more sophisticated way, maybe about the business side of themselves. Yeah,

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Speaker 1: that's great, I think. You know, it's so crazy when

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Speaker 1: we're in the locker room. You know, when it came

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Speaker 1: to business and money management, you know, that was some

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Speaker 1: of the stuff that we really talked about, unless it

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Speaker 1: was you know, someone trying to get us to get

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Speaker 1: into a deal. Right. Um, And we are learning by

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Speaker 1: just seeing. You know, when I got into the league,

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Speaker 1: I saw my locker room was filled with you know,

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Speaker 1: cars of Mercedes, Benzes and Ferraris and Lamborghinis. And in

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Speaker 1: my head, I'm thinking, like, well, when I get my money,

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Speaker 1: that's what I gotta Yet, what we gotta do is

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Speaker 1: get these the league to have these forms in these

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Speaker 1: conversations where players appeer to peer, you know, um, conversations

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Speaker 1: of you know, I took my time. You know, I

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Speaker 1: made a certain amount of money, I invested in a

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Speaker 1: certain amount of money, or I staved a time amount

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Speaker 1: before I bought that Lamborghini. Um and and That's what

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Speaker 1: I think people don't understand. They see this instinct gratification

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Speaker 1: of oh my gosh, I've got a week check of

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Speaker 1: you know, three hundred thousand dollars, I'm I'm rich, but

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Speaker 1: not knowing that, you know, the NFL stands for not

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Speaker 1: for long, but the n b A you know, um

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Speaker 1: and all these different careers, is that the money that

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Speaker 1: you're getting right now has to last, um for a

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Speaker 1: long period of time pretty much. Some people may think

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Speaker 1: they may last for the rest of their lives, but

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Speaker 1: the truth of matter is most and the NFL players,

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Speaker 1: you know, have a short career and have to find

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Speaker 1: a different career, a second career. So what what the

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Speaker 1: problem not thinking in the locker room and and and like,

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Speaker 1: like you said, is that we have to do a

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Speaker 1: better job of speaking the truth right, like understanding that

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Speaker 1: this money that we have, if I'm buying this Lamborghini,

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Speaker 1: maybe I bought it because I've I've saved a certain amount.

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Speaker 1: Maybe I did the rule or something that I did too.

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Speaker 1: Now I can say I can buy it. Um And

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Speaker 1: I think we have enough of those conversations. The ways

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Speaker 1: that we're influencing each other are all the wrong ways. Right,

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Speaker 1: like keeping up with the Joneses and wanting to make

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Speaker 1: sure that I look just as good as um my

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Speaker 1: next teammate or a guy in the locker room next

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Speaker 1: to me, while I'm a starter on on defense and uh,

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Speaker 1: you know Jason Taylor has a Mercedes band, Well why

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Speaker 1: don't I have a Mercedes man? So, UM, we've got

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Speaker 1: to get out of that mentality. And until we sit

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Speaker 1: down with the leagues and and encourage peer to peer,

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Speaker 1: peer to peer, uh, encouragement of doing it the right way,

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Speaker 1: slowing it down, um, and really looking at yourself as

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Speaker 1: an entrepreneur, as a business. Um, we're going to continue

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Speaker 1: to have have these problems that we're having talk to

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Speaker 1: me about out getting to ubs, specifically Wall Street. It's

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Speaker 1: a big place, and I wonder sort of what those

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Speaker 1: conversations were like and how you end up at that

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Speaker 1: Swiss Bank got you? Yeah, a great, great question. So

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Speaker 1: you know, he had talked a little bit about my

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Speaker 1: miss misfortunes of not understanding money, and I've ran through

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Speaker 1: a few advisors at the time, and finally I, you know,

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Speaker 1: I stumbled some advisors that we're working at ubs and

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Speaker 1: really we're looking at me not as an athlete. I

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Speaker 1: felt like the first time that I didn't have like

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Speaker 1: a fan, you know, giving me advice on what I

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Speaker 1: should do with my money. So I decided to do

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Speaker 1: a little more digging and realized that I loved their

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Speaker 1: approach of looking at me as an entrepreneur and not

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Speaker 1: as a football player, um, and looking at it maybe

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Speaker 1: as someone who like a lot of winner or someone

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Speaker 1: who might have sold their their small business and now

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Speaker 1: has this you know, big wind full of money and

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Speaker 1: how do we strategize and make this money run? And

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Speaker 1: I love that approach, And I said, you know, to

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Speaker 1: to to there, let me let me figure this out.

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Speaker 1: But I think you guys might have something here that

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Speaker 1: the entertainment and and and athletes world needs more of

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Speaker 1: other advisors that think of their clients only and solely

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Speaker 1: as individuals that are entrepreneurs that want to get back

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Speaker 1: to the communities and may have a huge community you

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Speaker 1: know behind them. They agreed, and we had talks about

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Speaker 1: you know, knowing what what was needed and and to

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Speaker 1: be honest with them, you know, I sat in the

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Speaker 1: room with with you know, the senior management. I just

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Speaker 1: explained to them, like, you guys have to have somebody

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Speaker 1: that's been through it, right, that's done it, um and

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Speaker 1: and can relate to the players and and and the

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Speaker 1: entertainers in a way that you guys can't write. You

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Speaker 1: guys are great at what you do. You're one of

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Speaker 1: the biggest wealth manager managers in the world, but there's

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Speaker 1: just something you just won't be able to understand. And

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Speaker 1: um and and I think if you find someone to help,

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Speaker 1: you know, lead the way, UM, if UBS is going

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Speaker 1: to be a difference maker in this space. And then

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Speaker 1: we sat about this is over three years conversation. You know,

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Speaker 1: we got back and forth, back and forth, and finally

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Speaker 1: they were like, listen, instead of us looking for somebody,

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Speaker 1: we think we got the guy in you. Why don't

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Speaker 1: you take it run with it and um make this

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Speaker 1: thing um in your vision and give them credit. They've

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Speaker 1: they've given me the keys. And I've started from you know,

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Speaker 1: sometime earlier in January, and I've just been building this

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Speaker 1: thing out. And my goal is to to to use

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Speaker 1: the tools that UBS uses with their billionaire clients. Right,

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Speaker 1: some of the biggest and brightest wealthy as entrepreneurs and

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Speaker 1: businessmen and women in the world. With the athlete and

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Speaker 1: entertainer segment. Um. But what we have to do though,

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Speaker 1: is understand who our clients are, understand where they're coming from,

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Speaker 1: and looking at them as um as as as different

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Speaker 1: as they are, but special um. And that is where

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Speaker 1: we're going to be different. Do you go out to

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Speaker 1: the athletes like in the NFL or any of the

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Speaker 1: major sports and and talk to him in a in

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Speaker 1: a forum. Hey, guys, especially the rookies, this is what

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Speaker 1: you need to do with your money and the right

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Speaker 1: way to invest. Do you guys do something like that?

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Speaker 1: Have you done that? Yeah? Well we you know, we're

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Speaker 1: in the process of doing that. I've I've reached out

429
00:23:23,359 --> 00:23:25,400
Speaker 1: to all of the major leagues. Let him know that

430
00:23:25,800 --> 00:23:29,080
Speaker 1: you know, I'm here, and I mean and the sad

431
00:23:29,119 --> 00:23:31,080
Speaker 1: part about it is there's many institutions that have done

432
00:23:31,119 --> 00:23:36,000
Speaker 1: this before and still allow some of the I guess

433
00:23:36,040 --> 00:23:41,600
Speaker 1: the wayward advisors inside and still seeing some of the

434
00:23:41,640 --> 00:23:45,080
Speaker 1: headlines and lawsuits with advisors at some of these big firms,

435
00:23:45,480 --> 00:23:47,680
Speaker 1: and I'm just not showing how these guys are continuing

436
00:23:47,720 --> 00:23:51,560
Speaker 1: to slip through the cracks. Um. But what I want

437
00:23:51,560 --> 00:23:54,439
Speaker 1: to do is get with the rookies, which I'm working

438
00:23:54,440 --> 00:23:57,000
Speaker 1: with the NFL now and working with trying to get

439
00:23:57,040 --> 00:24:00,240
Speaker 1: you know, partnerships with everybody else, um, but to get

440
00:24:00,240 --> 00:24:02,480
Speaker 1: them early and keeping them engaged, because you know, when

441
00:24:02,480 --> 00:24:06,120
Speaker 1: you're speaking um, finance, sometimes it's like speaking a different language.

442
00:24:06,359 --> 00:24:09,840
Speaker 1: So let's make this simple. Let's make this uh to

443
00:24:10,040 --> 00:24:13,280
Speaker 1: a place where you're talking to somebody that has no

444
00:24:13,400 --> 00:24:18,000
Speaker 1: clue on what the jargon of money is. Right, And um,

445
00:24:18,080 --> 00:24:20,000
Speaker 1: I even say, let's take it further. You know, I

446
00:24:20,040 --> 00:24:23,680
Speaker 1: did a financial literacy course last week with Mark Cuban

447
00:24:23,760 --> 00:24:27,040
Speaker 1: and and and code Zella who plays in the NBA

448
00:24:27,119 --> 00:24:29,919
Speaker 1: and at Indiana University, and we started with the college students.

449
00:24:29,920 --> 00:24:32,800
Speaker 1: We started with the freshman class of the simple class

450
00:24:32,800 --> 00:24:36,360
Speaker 1: of just budgeting, right, simple, just something that will spark

451
00:24:36,600 --> 00:24:39,960
Speaker 1: the knowledge or spark something in their minds to say,

452
00:24:40,280 --> 00:24:42,960
Speaker 1: you know, eventually, even if I don't make it professionally,

453
00:24:43,720 --> 00:24:45,560
Speaker 1: I have got to understand that budget and plays a

454
00:24:45,600 --> 00:24:49,120
Speaker 1: big part in my finances in my future. And I think,

455
00:24:49,200 --> 00:24:50,720
Speaker 1: you know, you you bring up a good point off

456
00:24:50,760 --> 00:24:53,040
Speaker 1: our starting with the rookies, but I say, let's go further.

457
00:24:53,119 --> 00:24:55,800
Speaker 1: Let's start at the collegiate level. And um, we're gonna

458
00:24:55,880 --> 00:24:58,560
Speaker 1: do that and hopefully this is gonna be something that

459
00:24:58,800 --> 00:25:01,439
Speaker 1: our competitors want to do the same thing, and we

460
00:25:01,480 --> 00:25:05,400
Speaker 1: start changing the way the whole industry looks at the athletes,

461
00:25:05,680 --> 00:25:07,440
Speaker 1: right if we if we do it that way. So

462
00:25:07,800 --> 00:25:10,679
Speaker 1: I'm excited to have had that opportunity and resources to

463
00:25:10,720 --> 00:25:14,040
Speaker 1: do that. While in another life I was a substitute

464
00:25:14,080 --> 00:25:16,359
Speaker 1: teacher and I wouldn't let the kids have a study

465
00:25:16,400 --> 00:25:18,200
Speaker 1: hall I had that showed them how to balance a

466
00:25:18,280 --> 00:25:21,800
Speaker 1: checkbook on the blackboard. And you must have been like

467
00:25:21,920 --> 00:25:26,760
Speaker 1: the least popular substitute teacher in all of Massachusetts. God

468
00:25:26,920 --> 00:25:33,840
Speaker 1: no not, but I was stunned, Like you know, I

469
00:25:33,880 --> 00:25:35,800
Speaker 1: would put like you know, show, I said, okay, you

470
00:25:35,840 --> 00:25:38,800
Speaker 1: subtract thirty five dollars electricity how much they have left over?

471
00:25:38,800 --> 00:25:41,720
Speaker 1: And I get these blank stairs looking at me. And

472
00:25:41,720 --> 00:25:44,480
Speaker 1: in these days, I did some work with a local

473
00:25:44,480 --> 00:25:48,320
Speaker 1: bank up here on a financial literacy program, and um,

474
00:25:49,080 --> 00:25:50,760
Speaker 1: I just think it's do you think it should be

475
00:25:50,800 --> 00:25:54,560
Speaker 1: part of the curriculum of of high schools and colleges

476
00:25:54,680 --> 00:25:58,080
Speaker 1: to prepare people before they get to let's their profession,

477
00:25:58,160 --> 00:26:02,840
Speaker 1: whatever it is, but specifically that the a professional athlete, absolutely,

478
00:26:03,480 --> 00:26:06,520
Speaker 1: because by the time they get to the league, it's

479
00:26:06,560 --> 00:26:10,600
Speaker 1: too late. Almost, it's almost too late to start, because

480
00:26:10,680 --> 00:26:13,719
Speaker 1: you know, coaches don't want players thinking about anything but sports,

481
00:26:13,760 --> 00:26:15,360
Speaker 1: and then the players think if you start thinking about

482
00:26:15,359 --> 00:26:17,720
Speaker 1: anything but sports, and then eagles get involved, and no

483
00:26:17,760 --> 00:26:19,520
Speaker 1: one wants to be honest and say that I don't

484
00:26:19,520 --> 00:26:21,359
Speaker 1: know anything. I don't know a damn thing of what

485
00:26:21,440 --> 00:26:24,000
Speaker 1: you just said, right, So then I just keep nodding

486
00:26:24,080 --> 00:26:26,399
Speaker 1: my head right, Yes, yes, I know what basis points is,

487
00:26:26,440 --> 00:26:29,320
Speaker 1: I know what you're charging me. I know what carried interests, yes, yes,

488
00:26:29,520 --> 00:26:32,880
Speaker 1: And the truth of matter is I don't know. And um,

489
00:26:33,000 --> 00:26:35,000
Speaker 1: so by the time it even get we get to

490
00:26:35,320 --> 00:26:38,159
Speaker 1: the pros or you're on stage, you know, singing that

491
00:26:38,280 --> 00:26:42,399
Speaker 1: most popular song, Um, it's too late. So why not

492
00:26:42,560 --> 00:26:46,120
Speaker 1: have this be a part of UM the educational process.

493
00:26:46,200 --> 00:26:50,960
Speaker 1: It's it's a huge tool to help people, especially in

494
00:26:51,760 --> 00:26:55,639
Speaker 1: UM lower communities and in some demographics that are struggling

495
00:26:55,640 --> 00:26:58,800
Speaker 1: to make it. If you give them the opportunity to

496
00:26:58,880 --> 00:27:02,720
Speaker 1: understand how money really works at at at a young age,

497
00:27:03,320 --> 00:27:06,760
Speaker 1: you're giving them, uh, you're giving them an advantage and

498
00:27:06,960 --> 00:27:10,400
Speaker 1: hopefully that will transk for over over into their adulthood.

499
00:27:10,560 --> 00:27:12,640
Speaker 1: And so the stuff that you said that you did

500
00:27:12,640 --> 00:27:15,480
Speaker 1: with those kids were basically the same thing that we're

501
00:27:15,560 --> 00:27:19,120
Speaker 1: doing with Golagewood and so UM I I totally would

502
00:27:19,240 --> 00:27:21,879
Speaker 1: with back, you know, being a part of our curriculum.

503
00:27:22,119 --> 00:27:25,080
Speaker 1: So while I you know, we've sort of been dancing

504
00:27:25,119 --> 00:27:27,760
Speaker 1: around this a little bit, and I want to get

505
00:27:27,800 --> 00:27:33,119
Speaker 1: into it. This notion that much more is expected of

506
00:27:33,280 --> 00:27:36,960
Speaker 1: athletes these days, and maybe rightfully so when it comes

507
00:27:37,000 --> 00:27:42,160
Speaker 1: to managing their finances, managing their public presence, so much

508
00:27:43,040 --> 00:27:46,600
Speaker 1: has changed. It feels like you were probably part of

509
00:27:46,600 --> 00:27:50,439
Speaker 1: the generation for for whom it changed. So how do

510
00:27:50,480 --> 00:27:53,120
Speaker 1: you get your head around that? How do you advise players?

511
00:27:53,160 --> 00:27:56,720
Speaker 1: Because I would imagine that when you're talking to them

512
00:27:56,760 --> 00:27:59,320
Speaker 1: about their money, you know, money is such an intimate

513
00:27:59,359 --> 00:28:02,600
Speaker 1: thing and you're really talking to them about their entire lives.

514
00:28:03,000 --> 00:28:08,199
Speaker 1: How have you seen the the attitude change around seeing

515
00:28:08,240 --> 00:28:12,040
Speaker 1: themselves as sort of the business in a brand. Yeah,

516
00:28:12,200 --> 00:28:14,560
Speaker 1: but you know, I think the that's a great question,

517
00:28:14,560 --> 00:28:17,159
Speaker 1: and I think the difference has been social media. I

518
00:28:17,200 --> 00:28:22,600
Speaker 1: think that has created UM the the opportunity for UM

519
00:28:23,080 --> 00:28:28,160
Speaker 1: companies and to read directly out to UM the the

520
00:28:28,160 --> 00:28:30,080
Speaker 1: the athlete. The athlete at first thought, you know, I

521
00:28:30,119 --> 00:28:33,560
Speaker 1: have this opportunity to get my message out without it

522
00:28:33,640 --> 00:28:37,000
Speaker 1: being filtered through media channels and you know, the the

523
00:28:37,160 --> 00:28:39,000
Speaker 1: espns of the world, and you can go out there

524
00:28:39,040 --> 00:28:42,560
Speaker 1: and say what you mean. But what has happened is,

525
00:28:43,000 --> 00:28:46,200
Speaker 1: you know, these corporations have have basically reverse engineered and said,

526
00:28:46,480 --> 00:28:48,920
Speaker 1: this might be an opportunity to for us to get

527
00:28:49,200 --> 00:28:52,600
Speaker 1: directly to the athlete, to the entertainer and then pushing

528
00:28:52,600 --> 00:28:55,440
Speaker 1: out to the middleman. And what has happened now is

529
00:28:55,560 --> 00:29:00,400
Speaker 1: the the the athlete now has seen he are has

530
00:29:00,440 --> 00:29:04,760
Speaker 1: been able to capitalize on their fifteen minutes of fame

531
00:29:04,920 --> 00:29:08,280
Speaker 1: right and and use that as an opportunity to be

532
00:29:09,040 --> 00:29:12,120
Speaker 1: uh an entrepreneur, even off off the field, off the court.

533
00:29:12,640 --> 00:29:14,840
Speaker 1: You see it already on TV. You know that is

534
00:29:15,080 --> 00:29:18,680
Speaker 1: that everyone you know being a celebrity, and everybody wants

535
00:29:18,680 --> 00:29:21,400
Speaker 1: to do that. But in this space, it's almost the

536
00:29:21,440 --> 00:29:25,720
Speaker 1: easiest way to make a little bit more money, um

537
00:29:25,760 --> 00:29:29,440
Speaker 1: outside of your salary. And and athletes and entertainers are realizing, like,

538
00:29:29,920 --> 00:29:33,360
Speaker 1: I've got the power in my two thumbs, right, I

539
00:29:33,360 --> 00:29:35,240
Speaker 1: would have to do is send a couple pictures out

540
00:29:35,280 --> 00:29:39,160
Speaker 1: and send a couple of replies out and and get

541
00:29:39,200 --> 00:29:44,200
Speaker 1: fans to respond. And you know, business deals and incorporations

542
00:29:44,200 --> 00:29:47,560
Speaker 1: want to do business with me. So that's the biggest

543
00:29:47,600 --> 00:29:49,560
Speaker 1: element I think we have to have. But I think

544
00:29:50,280 --> 00:29:53,280
Speaker 1: from their perspective though, they still have to look at

545
00:29:53,320 --> 00:29:56,800
Speaker 1: their their income and then they're expenses in in in

546
00:29:56,920 --> 00:29:58,480
Speaker 1: a way that I like to the thing that we

547
00:29:58,600 --> 00:30:02,480
Speaker 1: use over us. It's called the wealthway, right, the liquidity, longevity,

548
00:30:02,520 --> 00:30:05,840
Speaker 1: and legacy. You know, Liquidity is money's you have right now.

549
00:30:06,360 --> 00:30:09,440
Speaker 1: Longevities for the long term needs and legacies for needs

550
00:30:09,480 --> 00:30:11,960
Speaker 1: that maybe be beyond you, like for your community or

551
00:30:12,040 --> 00:30:13,600
Speaker 1: for people that you want to think you want to

552
00:30:13,680 --> 00:30:17,480
Speaker 1: leave behind. So things are moving, but you know, as

553
00:30:17,640 --> 00:30:19,640
Speaker 1: I think moves still things need to stay. The shame

554
00:30:19,720 --> 00:30:21,840
Speaker 1: because those are the I might saying, think those three

555
00:30:21,960 --> 00:30:24,920
Speaker 1: things that um we all have to to focus on,

556
00:30:25,080 --> 00:30:27,960
Speaker 1: no matter the era or um time that we're in.

557
00:30:29,320 --> 00:30:31,560
Speaker 1: What is the number one thing you wish you knew

558
00:30:32,040 --> 00:30:35,840
Speaker 1: before your first NFL contract? Honestly, I wish I would

559
00:30:35,840 --> 00:30:39,200
Speaker 1: have read the fine print. You know, I did not

560
00:30:39,520 --> 00:30:42,560
Speaker 1: know what they had put a clause in there about

561
00:30:43,040 --> 00:30:47,120
Speaker 1: if I didn't play in a game the first year

562
00:30:47,960 --> 00:30:51,920
Speaker 1: that that year basically wouldn't have counted UM and it

563
00:30:51,920 --> 00:30:54,360
Speaker 1: wouldn't have counted towards my pension. It wouldn't have counted

564
00:30:54,440 --> 00:30:57,520
Speaker 1: towards a whole bunch of stuff, right, and then when

565
00:30:57,560 --> 00:31:02,200
Speaker 1: it counted towards my becoming the agent. So not to

566
00:31:02,280 --> 00:31:07,160
Speaker 1: go too deep in the woods. I would implore every athlete,

567
00:31:08,360 --> 00:31:11,920
Speaker 1: UH or entertainer or even regularly what you're signing your

568
00:31:12,000 --> 00:31:17,480
Speaker 1: name on a contract, read defined print, UM, because these

569
00:31:17,560 --> 00:31:21,680
Speaker 1: contracts may have things that benefit the the owners or

570
00:31:22,120 --> 00:31:25,280
Speaker 1: the your boss. And if I would have saw that,

571
00:31:25,400 --> 00:31:26,760
Speaker 1: if my agent would have said at the time was

572
00:31:26,840 --> 00:31:28,880
Speaker 1: the reason why I fired him, UM, I would have

573
00:31:29,000 --> 00:31:33,040
Speaker 1: you been in a much much UM had had more advantage.

574
00:31:33,200 --> 00:31:35,160
Speaker 1: And when I was looking to sign a new contract,

575
00:31:35,240 --> 00:31:37,160
Speaker 1: so I wish I would have read the time print.

576
00:31:37,160 --> 00:31:39,440
Speaker 1: And that goes with everything you know, Read everything you're signing,

577
00:31:39,560 --> 00:31:43,040
Speaker 1: readfent energy getting involved with UM. And if you don't understand,

578
00:31:43,520 --> 00:31:46,040
Speaker 1: don't do it. You mean, if you would have missed

579
00:31:46,120 --> 00:31:48,840
Speaker 1: a game because of injury, you would have been in

580
00:31:48,880 --> 00:31:52,080
Speaker 1: that same situation that you talked about. Yeah, pretty much,

581
00:31:52,560 --> 00:31:54,400
Speaker 1: And that's you knows that that's a good story, that's

582
00:31:54,400 --> 00:31:56,360
Speaker 1: a good thing. Segue though to what's going on with

583
00:31:56,520 --> 00:32:00,520
Speaker 1: COVID now, right, I'm sure these new contract after this

584
00:32:00,680 --> 00:32:05,120
Speaker 1: COVID are going to have some type of uh clause

585
00:32:05,160 --> 00:32:07,440
Speaker 1: in there that if you get sick for COVID you

586
00:32:07,560 --> 00:32:10,600
Speaker 1: may not have you may not get paid. So I

587
00:32:10,640 --> 00:32:14,160
Speaker 1: would advise everyone from now on, especially with the COVID crisis,

588
00:32:14,520 --> 00:32:16,120
Speaker 1: even though it make it behind us in a year

589
00:32:16,200 --> 00:32:20,360
Speaker 1: or so, that I would see, you know, people putting

590
00:32:20,400 --> 00:32:23,680
Speaker 1: these in in in people's contracts that if you get COVID,

591
00:32:23,720 --> 00:32:25,960
Speaker 1: which would be no fault of your own, you don't

592
00:32:26,000 --> 00:32:28,600
Speaker 1: get paid, right, Um, So I would I would have

593
00:32:28,680 --> 00:32:32,160
Speaker 1: employed people, especially if you're not a superstar, to read

594
00:32:32,240 --> 00:32:36,640
Speaker 1: all of your contracts. Wally picking up on COVID here

595
00:32:36,800 --> 00:32:39,280
Speaker 1: UM in your new role right now with sports and

596
00:32:39,440 --> 00:32:44,560
Speaker 1: entertainment business, UM. Gaining the trust of a client obviously

597
00:32:44,720 --> 00:32:46,840
Speaker 1: is important, and a face to face meeting. I mean,

598
00:32:46,880 --> 00:32:49,440
Speaker 1: that's how you gain the trust of the senior management

599
00:32:49,480 --> 00:32:51,200
Speaker 1: people at ubs because you sat in the room with

600
00:32:51,280 --> 00:32:53,640
Speaker 1: them for a long long time. How do you gain

601
00:32:53,680 --> 00:32:56,280
Speaker 1: the trust trust of of a potential client now when

602
00:32:56,320 --> 00:33:00,040
Speaker 1: you can't sit down face to face with them. What

603
00:33:00,120 --> 00:33:02,040
Speaker 1: you do is you just do the work. Just continue

604
00:33:02,040 --> 00:33:05,000
Speaker 1: to just do to work and and and not fall

605
00:33:05,080 --> 00:33:10,520
Speaker 1: into the trap of you know, throwing flash and and

606
00:33:10,760 --> 00:33:13,560
Speaker 1: and glitzes at people. Right see that, Like I told you,

607
00:33:14,040 --> 00:33:16,240
Speaker 1: you know, we were at Indiana University with you know,

608
00:33:16,320 --> 00:33:20,680
Speaker 1: over twound student athletes, UM on this zoom on zoom calls.

609
00:33:22,560 --> 00:33:25,160
Speaker 1: Are we gonna get anything from that? Probably not. There's

610
00:33:25,160 --> 00:33:27,640
Speaker 1: that going to move our bottom line? Probably not. But

611
00:33:28,120 --> 00:33:31,880
Speaker 1: what it's doing though, is it's it's showing the world

612
00:33:32,520 --> 00:33:35,320
Speaker 1: that we're gonna do the work that it that it needs. Yes,

613
00:33:35,520 --> 00:33:37,680
Speaker 1: we're as big as it gets when it comes to

614
00:33:37,760 --> 00:33:39,880
Speaker 1: wealth management, but we're going to get on the ground

615
00:33:40,680 --> 00:33:45,160
Speaker 1: and pushed financial literacy and financial education because we know

616
00:33:45,320 --> 00:33:48,920
Speaker 1: that the smarter that our clients are, the one knowledge

617
00:33:49,000 --> 00:33:52,840
Speaker 1: they have um before they make it big or before

618
00:33:52,880 --> 00:33:56,600
Speaker 1: they get these huge salaries, the better clients they will

619
00:33:56,640 --> 00:34:00,800
Speaker 1: be for us down the road. So it does you know,

620
00:34:01,440 --> 00:34:04,320
Speaker 1: staying especially for me to to actually get in front

621
00:34:04,320 --> 00:34:07,000
Speaker 1: of you know, especially being an African American male at

622
00:34:07,120 --> 00:34:09,520
Speaker 1: you by us getting in front of people and realizing

623
00:34:09,560 --> 00:34:12,200
Speaker 1: that you know, we we had to do this, um.

624
00:34:12,480 --> 00:34:14,800
Speaker 1: But I think it's a great opportunity for me to

625
00:34:14,920 --> 00:34:17,160
Speaker 1: sit down and do exactly what I need to do

626
00:34:17,600 --> 00:34:20,279
Speaker 1: to build this thing up and and and and when

627
00:34:20,320 --> 00:34:23,120
Speaker 1: people look and can see what we're doing, I think

628
00:34:23,160 --> 00:34:25,759
Speaker 1: it's gonna be more sustainable than than the than the

629
00:34:25,840 --> 00:34:27,960
Speaker 1: glitz and glamour that we had that I see a

630
00:34:28,000 --> 00:34:31,680
Speaker 1: lot of our competitors doing well. You know, it's interesting

631
00:34:31,760 --> 00:34:33,799
Speaker 1: since the last time we talked to I've been thinking

632
00:34:33,840 --> 00:34:38,720
Speaker 1: about this that obviously you now view this whole endeavor

633
00:34:39,000 --> 00:34:41,680
Speaker 1: of being a professional athlete much more holistically, and you're

634
00:34:41,760 --> 00:34:46,680
Speaker 1: thinking about as we've been discussing UH athletes and entertainers

635
00:34:46,960 --> 00:34:51,240
Speaker 1: as brands. But I also imagine that you are thinking

636
00:34:51,280 --> 00:34:55,040
Speaker 1: about the game of football differently as a business in

637
00:34:55,120 --> 00:34:57,480
Speaker 1: and of itself. And I feel like all of us

638
00:34:57,600 --> 00:35:01,080
Speaker 1: who care about the game have been watching it pretty closely,

639
00:35:01,360 --> 00:35:04,160
Speaker 1: and all the tough decisions that have to be made

640
00:35:04,440 --> 00:35:07,120
Speaker 1: by teams and by the league around COVID and to

641
00:35:07,239 --> 00:35:09,520
Speaker 1: play or not to play, and fans or no fans.

642
00:35:10,120 --> 00:35:13,120
Speaker 1: How do you from you know, now just a little

643
00:35:13,160 --> 00:35:15,719
Speaker 1: bit of distance, how do you assess what's happened with

644
00:35:15,800 --> 00:35:18,440
Speaker 1: the league this year and and sort of the decisions

645
00:35:18,480 --> 00:35:21,480
Speaker 1: that have to be made, because ultimately it is a business.

646
00:35:21,560 --> 00:35:25,040
Speaker 1: I mean, this is one of the biggest single businesses

647
00:35:25,360 --> 00:35:27,720
Speaker 1: certainly when it comes to sports and in the entire world.

648
00:35:28,760 --> 00:35:31,319
Speaker 1: Oh man, you know what it does. You know it's

649
00:35:31,320 --> 00:35:34,360
Speaker 1: twofold me. I always knew it was a business, but

650
00:35:34,800 --> 00:35:39,520
Speaker 1: it makes me look back, um at people like Dennis

651
00:35:39,640 --> 00:35:42,759
Speaker 1: Rodman or even Chad Johnson at the time, and people

652
00:35:42,800 --> 00:35:47,319
Speaker 1: go like, these these guys are are are are distractions? Yeah?

653
00:35:47,360 --> 00:35:50,360
Speaker 1: I look back now, I'm like, no, they were actually smart.

654
00:35:50,880 --> 00:35:54,759
Speaker 1: This is the It's a business, and the owner to

655
00:35:54,840 --> 00:35:57,520
Speaker 1: see it as a business, the network see it as

656
00:35:57,520 --> 00:36:00,120
Speaker 1: a business. The only people that don't see that the

657
00:36:00,200 --> 00:36:02,960
Speaker 1: business are the fans and the players, right, And the

658
00:36:03,040 --> 00:36:05,080
Speaker 1: only problem with that is the fans, I mean the

659
00:36:05,120 --> 00:36:10,120
Speaker 1: players get put in a position where it feels like

660
00:36:10,239 --> 00:36:12,400
Speaker 1: it's us against the fans, and it's not that right.

661
00:36:12,480 --> 00:36:14,880
Speaker 1: It's gotta be I've got to make the right decisions

662
00:36:15,200 --> 00:36:17,880
Speaker 1: for what I have, um from now so that I

663
00:36:18,000 --> 00:36:24,440
Speaker 1: can maximize my earnings. And you fast forward to to

664
00:36:24,920 --> 00:36:27,200
Speaker 1: let's say that that Denver game, I think was denver

665
00:36:27,520 --> 00:36:29,840
Speaker 1: Ne Worleans game last week, the whole quarterbacks and we

666
00:36:29,960 --> 00:36:34,040
Speaker 1: still played the game. Um, that in itself shows you

667
00:36:34,640 --> 00:36:37,880
Speaker 1: how big, how big of a business the NFL is.

668
00:36:37,960 --> 00:36:42,080
Speaker 1: They're going to keep it moving regardless. They need the

669
00:36:42,239 --> 00:36:46,600
Speaker 1: TV revenue that that has to come in. UM and

670
00:36:46,840 --> 00:36:50,680
Speaker 1: and if if if players don't understand that you're doing

671
00:36:50,719 --> 00:36:55,040
Speaker 1: yourself at a disservice and and and don't take things personal.

672
00:36:56,000 --> 00:36:58,680
Speaker 1: UM have that resolved to know that this is a

673
00:36:58,760 --> 00:37:00,520
Speaker 1: business and I gotta do what's best for me, and

674
00:37:00,600 --> 00:37:02,279
Speaker 1: my business in the NFL is always going to do

675
00:37:02,360 --> 00:37:05,560
Speaker 1: with the best for the NFL. There's there's no if

676
00:37:05,680 --> 00:37:09,400
Speaker 1: ends butts about it. And that that Denver a New

677
00:37:09,480 --> 00:37:12,680
Speaker 1: Orleans game is a prime example of it. The game

678
00:37:12,760 --> 00:37:16,160
Speaker 1: today with Pittsburgh in Baltimore Ravens is another example of it.

679
00:37:17,080 --> 00:37:19,400
Speaker 1: Really the truth a matter. Maybe that game should be canceled,

680
00:37:19,440 --> 00:37:23,640
Speaker 1: but it won't need to postpone it because no one

681
00:37:23,719 --> 00:37:28,280
Speaker 1: wants to lose money, and the sooner that the player

682
00:37:28,360 --> 00:37:32,000
Speaker 1: realizes that, the better. So I want to draw some

683
00:37:32,120 --> 00:37:34,399
Speaker 1: connective tissue which I think is important to point out,

684
00:37:34,440 --> 00:37:38,600
Speaker 1: which is that if you think about that lesson which

685
00:37:38,840 --> 00:37:41,960
Speaker 1: I mean, you've identified something so important, and then you

686
00:37:42,200 --> 00:37:47,160
Speaker 1: couple that with what we all saw over the summer

687
00:37:48,040 --> 00:37:50,360
Speaker 1: in terms of this national and we talked about it

688
00:37:50,440 --> 00:37:52,120
Speaker 1: on the show all the time, the sort of national

689
00:37:52,280 --> 00:37:57,800
Speaker 1: reckoning with racial injustice and inequality sports really came to

690
00:37:57,880 --> 00:37:59,960
Speaker 1: the fore in many ways, and there was a realization

691
00:38:00,320 --> 00:38:02,279
Speaker 1: it feels like, and I want you to keep me

692
00:38:02,360 --> 00:38:06,040
Speaker 1: honest here on the part of players of wait, hold

693
00:38:06,080 --> 00:38:09,440
Speaker 1: on a second, I'm the product in many cases as

694
00:38:09,480 --> 00:38:13,080
Speaker 1: an athlete, and I need to sort of look at

695
00:38:13,160 --> 00:38:15,880
Speaker 1: this maybe in a different way. Do you agree with

696
00:38:16,000 --> 00:38:17,960
Speaker 1: sort of that assessment that that is one of the

697
00:38:18,719 --> 00:38:21,880
Speaker 1: the sort of elements of twenty that has maybe forever

698
00:38:22,080 --> 00:38:26,640
Speaker 1: changed our relationship with sports. Absolutely, I think there was

699
00:38:26,680 --> 00:38:29,399
Speaker 1: definitely a reckoning and and it's and it's led by,

700
00:38:29,880 --> 00:38:32,719
Speaker 1: you know, some of our biggest and brightest stars. They

701
00:38:32,920 --> 00:38:35,640
Speaker 1: you know it. I felt like there has been periods

702
00:38:35,680 --> 00:38:39,120
Speaker 1: where our athletes have stepped up and in this period

703
00:38:39,200 --> 00:38:41,759
Speaker 1: where you know, no one wanted to rock the boat

704
00:38:41,800 --> 00:38:45,239
Speaker 1: on any side, right. But I think this new generation

705
00:38:45,280 --> 00:38:51,120
Speaker 1: of athletes have have gotten their voice again with regard

706
00:38:51,160 --> 00:38:54,360
Speaker 1: to social media. That's helped out a lot. But I

707
00:38:54,480 --> 00:38:57,640
Speaker 1: think the the the biggest problem though, that I think

708
00:38:57,719 --> 00:39:02,040
Speaker 1: that players are struggling with. There's there's the heavy hitters

709
00:39:02,080 --> 00:39:04,880
Speaker 1: like the Lebrons right that can sit out games, and

710
00:39:05,080 --> 00:39:08,360
Speaker 1: then there's a guy that barely made the team and

711
00:39:08,440 --> 00:39:12,920
Speaker 1: he's trying his best to provide, you know, a legacy

712
00:39:13,000 --> 00:39:16,319
Speaker 1: for his family, and he needs these games to get

713
00:39:16,320 --> 00:39:19,960
Speaker 1: a new contract. So it's a fine line, um that

714
00:39:20,040 --> 00:39:24,120
Speaker 1: I think you're seeing. But I am seeing the voices

715
00:39:24,239 --> 00:39:26,960
Speaker 1: of our athletes and entertainers starting to be heard. I'm

716
00:39:26,960 --> 00:39:30,960
Speaker 1: seeing a lot of pushback, especially against politicians and fans

717
00:39:31,080 --> 00:39:36,080
Speaker 1: and and media who who are who get on athletes

718
00:39:36,160 --> 00:39:39,200
Speaker 1: for for just not spit stick in the sports. And

719
00:39:39,320 --> 00:39:41,279
Speaker 1: I love that. You know, at the end of the day,

720
00:39:42,160 --> 00:39:46,120
Speaker 1: like I said, only playing for fifteen minutes, um, fifteen

721
00:39:46,160 --> 00:39:48,200
Speaker 1: minutes of thame, that's why you're gonna have and um,

722
00:39:48,239 --> 00:39:50,560
Speaker 1: a few people like Tom Brady and Lebron will have long,

723
00:39:50,880 --> 00:39:55,000
Speaker 1: long careers. But other than that, man, like, what's actually

724
00:39:55,200 --> 00:39:57,640
Speaker 1: what do you stand for? Right? What do you want

725
00:39:57,680 --> 00:40:01,359
Speaker 1: your legacy to be? And and I think what we're

726
00:40:01,400 --> 00:40:03,719
Speaker 1: gonna have at U b S is we're gonna understand

727
00:40:04,360 --> 00:40:07,160
Speaker 1: that we have to get behind our athletes. Not everybody's

728
00:40:07,200 --> 00:40:08,480
Speaker 1: going to be put in a box. It's not a

729
00:40:08,520 --> 00:40:12,360
Speaker 1: cookie cutter type um plan that we have. It's what

730
00:40:12,560 --> 00:40:14,839
Speaker 1: do you want to get? What do you want people

731
00:40:14,880 --> 00:40:17,759
Speaker 1: to remember you as? And my goal is to help

732
00:40:17,800 --> 00:40:21,440
Speaker 1: our clients get there. Now. I want to bring up

733
00:40:21,680 --> 00:40:25,600
Speaker 1: that you are married to the owner of two successful

734
00:40:25,719 --> 00:40:30,839
Speaker 1: dental practices in South Florida. That's a totally separate thing.

735
00:40:31,480 --> 00:40:34,400
Speaker 1: When you it's more than just investing. Now you're you're

736
00:40:34,480 --> 00:40:37,640
Speaker 1: running a business. Can you take us through that and

737
00:40:38,200 --> 00:40:42,800
Speaker 1: what that is like trying to operate a business, especially

738
00:40:42,840 --> 00:40:46,400
Speaker 1: in the COVID world, oh man, And and they're dentists,

739
00:40:46,480 --> 00:40:49,880
Speaker 1: so like so you know, just impersonally like she you know,

740
00:40:50,000 --> 00:40:53,080
Speaker 1: my wife comes home and she has to basically go

741
00:40:53,600 --> 00:40:57,080
Speaker 1: into quarantine for you know, and and and scrub down um.

742
00:40:58,120 --> 00:41:00,160
Speaker 1: And you know, she's almost an essential work because you know,

743
00:41:00,239 --> 00:41:02,279
Speaker 1: she needs to to go in there. But it has

744
00:41:02,360 --> 00:41:04,680
Speaker 1: been tough, you know, and that there have been people

745
00:41:05,320 --> 00:41:09,520
Speaker 1: that have come in, you know, with COVID and employees

746
00:41:09,560 --> 00:41:12,279
Speaker 1: and having to do we shut down or do we

747
00:41:12,360 --> 00:41:15,960
Speaker 1: continue to pay our employees during this time, and and

748
00:41:16,160 --> 00:41:21,680
Speaker 1: understanding that not everybody has, you know, the the ability

749
00:41:21,800 --> 00:41:25,160
Speaker 1: to stay at home and and and and homeschool their

750
00:41:25,239 --> 00:41:27,160
Speaker 1: kids like we do. And we've been blessed, and but

751
00:41:27,480 --> 00:41:30,239
Speaker 1: we have a whole you know, staff of employees that

752
00:41:30,280 --> 00:41:33,440
Speaker 1: are depending on us opening up every single day. So

753
00:41:33,520 --> 00:41:36,680
Speaker 1: it was tough. It definitely was. And um, but the

754
00:41:37,280 --> 00:41:39,040
Speaker 1: goal and the key here is to be honest with

755
00:41:39,239 --> 00:41:42,719
Speaker 1: with people trying to do the right things. And what

756
00:41:42,920 --> 00:41:44,880
Speaker 1: we're trying to do is just be safe, right, go

757
00:41:45,320 --> 00:41:48,879
Speaker 1: and make sure that everyone's protected, and um, changing things

758
00:41:49,000 --> 00:41:51,440
Speaker 1: up and and and and and rolling with the punches.

759
00:41:51,440 --> 00:41:54,520
Speaker 1: Instead of having people sit in the waiting area, now

760
00:41:54,560 --> 00:41:56,560
Speaker 1: you gotta sit in your car, and and instead of

761
00:41:57,080 --> 00:42:00,960
Speaker 1: coming in and touching our iPads, you know, create a

762
00:42:01,000 --> 00:42:02,440
Speaker 1: system where you can do it on your phone and

763
00:42:02,760 --> 00:42:06,680
Speaker 1: register on your phone. So it's been trying. It's been trying.

764
00:42:06,760 --> 00:42:09,520
Speaker 1: We're seeing around not only just our businesses, we're seeing

765
00:42:09,560 --> 00:42:14,680
Speaker 1: businesses closing, We're seeing restaurants suffer, and and unemployment levels

766
00:42:14,680 --> 00:42:18,040
Speaker 1: are still super high. Um. You know, it's it's tough,

767
00:42:18,239 --> 00:42:20,719
Speaker 1: but you know, we're doing our best to get things

768
00:42:20,840 --> 00:42:23,400
Speaker 1: rolling and hopefully within the next few months, you know,

769
00:42:23,480 --> 00:42:27,439
Speaker 1: with the hopefully this vaccine, um, we'll see things ease

770
00:42:27,520 --> 00:42:30,040
Speaker 1: up a little bit. Hey Wally, why does it appear

771
00:42:30,080 --> 00:42:34,440
Speaker 1: that the NBA has the best business relationship between the players, owners,

772
00:42:34,520 --> 00:42:39,160
Speaker 1: and commissioner compared to the other three major sports. Yeah,

773
00:42:39,360 --> 00:42:42,080
Speaker 1: that's a good question. And and mind is mind boggling

774
00:42:42,200 --> 00:42:46,920
Speaker 1: to me. I really feel like the two levels of it.

775
00:42:46,960 --> 00:42:48,640
Speaker 1: I think the NBA has done a good job of

776
00:42:49,280 --> 00:42:52,920
Speaker 1: hiring former players and executive roles and and and have

777
00:42:53,040 --> 00:42:56,200
Speaker 1: an opportunity to coach on a level I think to

778
00:42:56,920 --> 00:43:00,320
Speaker 1: the n B, a from uh from almost in option

779
00:43:00,520 --> 00:43:04,879
Speaker 1: without having helmets on, had the opportunity to a guy

780
00:43:04,960 --> 00:43:08,080
Speaker 1: like Michael Jordans could was bigger than the league. Right,

781
00:43:08,560 --> 00:43:11,480
Speaker 1: the NFL has done a super good job of keeping

782
00:43:11,520 --> 00:43:14,280
Speaker 1: helmets on and keeping the shields in front of everybody.

783
00:43:14,680 --> 00:43:16,880
Speaker 1: And I think that's what's kind of the biggest difference.

784
00:43:16,960 --> 00:43:20,439
Speaker 1: That the NBA has had players that have morphed into

785
00:43:20,719 --> 00:43:25,000
Speaker 1: huge international stars and almost just as popular as the

786
00:43:25,120 --> 00:43:28,280
Speaker 1: NBA themselves, And that I think is the biggest difference,

787
00:43:28,320 --> 00:43:30,600
Speaker 1: where the players have a little more power, and the

788
00:43:30,719 --> 00:43:34,399
Speaker 1: fact that their brands are so huge. The NFL brand

789
00:43:34,480 --> 00:43:37,400
Speaker 1: is the biggest brand in in America. UM. And the

790
00:43:37,480 --> 00:43:39,800
Speaker 1: reason why they've done that is and we devised that

791
00:43:39,880 --> 00:43:44,040
Speaker 1: because they've kept the the the the focus on that

792
00:43:44,200 --> 00:43:48,439
Speaker 1: shield right. I played, you know in almost ten years ago.

793
00:43:48,880 --> 00:43:51,520
Speaker 1: It just keeps on moving. Whistle without with without me.

794
00:43:51,680 --> 00:43:54,960
Speaker 1: Tom Brady is gonna retire soon, maybe not soon, who knows.

795
00:43:55,000 --> 00:43:57,359
Speaker 1: When the NFL will keep moving. You see a guy

796
00:43:57,440 --> 00:44:01,040
Speaker 1: like Pat Mahomes coming on through, right. So, Uh, the

797
00:44:01,160 --> 00:44:03,240
Speaker 1: NFL has done a great job of keeping the focus

798
00:44:03,320 --> 00:44:06,320
Speaker 1: on the shoe and n b A up to their credit,

799
00:44:06,360 --> 00:44:09,080
Speaker 1: their players have a little more freedom and and autonomy

800
00:44:09,120 --> 00:44:13,000
Speaker 1: on how they market themselves and and and and build

801
00:44:13,040 --> 00:44:17,360
Speaker 1: their brands. All right, Well, we have had a great

802
00:44:17,440 --> 00:44:19,920
Speaker 1: time catching up with you. So much to think about,

803
00:44:19,960 --> 00:44:22,440
Speaker 1: so much to look forward to. Uh. In many ways,

804
00:44:22,560 --> 00:44:27,080
Speaker 1: while a ogen Ley, thank you so much. Great to

805
00:44:27,160 --> 00:44:29,719
Speaker 1: spend more time with you. You know, I got to

806
00:44:29,760 --> 00:44:33,520
Speaker 1: catch up a couple of weeks ago on our quick

807
00:44:33,560 --> 00:44:35,800
Speaker 1: Take network and UH to be able to go a

808
00:44:35,880 --> 00:44:37,800
Speaker 1: little deeper here and talk about the news of the

809
00:44:37,840 --> 00:44:40,359
Speaker 1: day is great. Best of luck to you and keep

810
00:44:40,360 --> 00:44:43,080
Speaker 1: in touch with us with all your adventures than anytime.

811
00:44:43,400 --> 00:44:45,759
Speaker 1: So guys really interesting to spend some time with. I mean,

812
00:44:45,840 --> 00:44:48,359
Speaker 1: this is a guy who obviously has a much more

813
00:44:48,480 --> 00:44:50,640
Speaker 1: as I alluded to towards the end. They're much more

814
00:44:50,719 --> 00:44:54,080
Speaker 1: holistic perspective of what it's like to be an athlete.

815
00:44:54,200 --> 00:44:57,640
Speaker 1: And we know just from being like human adults that

816
00:44:57,880 --> 00:45:01,200
Speaker 1: like money is at the core of everything, businesses at

817
00:45:01,239 --> 00:45:04,400
Speaker 1: the core of everything, but I think Lynchy sometimes that

818
00:45:04,560 --> 00:45:10,319
Speaker 1: gets lost or has historically when it comes to professional athletes. Yeah. Well,

819
00:45:10,400 --> 00:45:12,560
Speaker 1: he said that it's hard. The only people that don't

820
00:45:12,600 --> 00:45:15,400
Speaker 1: think of professional sports as a business are the fans

821
00:45:15,800 --> 00:45:19,960
Speaker 1: and the players. And he kept stressing financial literacy, which

822
00:45:20,040 --> 00:45:22,040
Speaker 1: is a term I've heard over and over the last

823
00:45:22,080 --> 00:45:24,440
Speaker 1: couple of years. And I liked his three l So,

824
00:45:24,640 --> 00:45:26,799
Speaker 1: since my last name begins with L. Lynchy, I'm gonna

825
00:45:26,800 --> 00:45:30,879
Speaker 1: go with the his thing of liquidity, longevity, and legacy. Yeah. Yeah,

826
00:45:31,160 --> 00:45:33,680
Speaker 1: that was really good. Bar. You know, this is a

827
00:45:33,760 --> 00:45:38,839
Speaker 1: guy who I'm guessing he I don't have to guess.

828
00:45:38,880 --> 00:45:41,440
Speaker 1: I think he's pretty clear about it that he's in

829
00:45:41,560 --> 00:45:44,760
Speaker 1: this position because the mistakes that he made himself. Read

830
00:45:45,080 --> 00:45:50,040
Speaker 1: the fine print that it hit me square between the eyes,

831
00:45:50,080 --> 00:45:52,600
Speaker 1: because and sometimes I get a little trusting and I'll

832
00:45:52,680 --> 00:45:55,080
Speaker 1: just sign something off and all of a sudden someone says,

833
00:45:55,200 --> 00:45:57,279
Speaker 1: you want my right? What what is that's going on?

834
00:45:58,000 --> 00:46:02,799
Speaker 1: And read the fine print that that really is something

835
00:46:02,880 --> 00:46:05,560
Speaker 1: that everybody needs to follow because we think we know

836
00:46:05,840 --> 00:46:09,839
Speaker 1: what we're signing, and sometimes we don't. Yeah, different world

837
00:46:09,960 --> 00:46:12,400
Speaker 1: for those guys. And I liked his perspective too, on

838
00:46:13,040 --> 00:46:15,680
Speaker 1: kind of where the league is and Lynchy, as you say,

839
00:46:15,920 --> 00:46:20,320
Speaker 1: just I think a lot of reminders that, as you

840
00:46:20,400 --> 00:46:22,360
Speaker 1: guys have heard me say, probably far too often, it

841
00:46:22,400 --> 00:46:25,880
Speaker 1: ain't show friends, it's show business. All right, Let's get

842
00:46:25,920 --> 00:46:28,320
Speaker 1: to the number of the week. You don't want to

843
00:46:28,400 --> 00:46:31,200
Speaker 1: because in German it feels better to be number one

844
00:46:31,239 --> 00:46:33,160
Speaker 1: than number five. I'll wear a number because of Mike.

845
00:46:33,280 --> 00:46:34,759
Speaker 1: We have a chance to go for three in a row.

846
00:46:34,840 --> 00:46:36,759
Speaker 1: Good numbers of a good time. And I first started

847
00:46:36,800 --> 00:46:40,160
Speaker 1: wearing the number, I would just have the floomberg business

848
00:46:40,239 --> 00:46:43,440
Speaker 1: of sports, the number of the week. I feel like

849
00:46:43,560 --> 00:46:47,840
Speaker 1: that guy in that commercial Lucky me. I've found unprotected data.

850
00:46:48,320 --> 00:46:54,800
Speaker 1: Let's see what I can steal under Armour announced the

851
00:46:54,880 --> 00:46:58,440
Speaker 1: launch of the Curry Brand with NBA star Stephen Curry

852
00:46:58,640 --> 00:47:02,200
Speaker 1: his performance basketball where we'll be out December eleven. Now

853
00:47:02,239 --> 00:47:06,160
Speaker 1: they're hoping to compete with Nike and it's Michael Jordan brand.

854
00:47:06,280 --> 00:47:10,640
Speaker 1: Now here's the question. How much has the Jordan's brand

855
00:47:10,880 --> 00:47:18,279
Speaker 1: brought in for Nike annually, oh annually in revenue? So

856
00:47:18,440 --> 00:47:22,640
Speaker 1: this is basically Jordan brand revenue. This is Jordan brand revenue.

857
00:47:22,840 --> 00:47:25,359
Speaker 1: I mean it's got to be in the billions. I'm

858
00:47:25,440 --> 00:47:27,600
Speaker 1: just gonna talk this out. I just go in blind

859
00:47:27,640 --> 00:47:29,680
Speaker 1: to these things, but I gotta I gotta talk you through.

860
00:47:29,680 --> 00:47:31,839
Speaker 1: It's got to be in the billions, right, Lynchy say,

861
00:47:31,920 --> 00:47:35,200
Speaker 1: now I'm co opting you. Well, see, I'm thinking now

862
00:47:35,360 --> 00:47:38,840
Speaker 1: since the last dance came out, it has to have

863
00:47:39,000 --> 00:47:45,120
Speaker 1: gone up. Yeah, I'll say five billion. I'm gonna play that.

864
00:47:45,160 --> 00:47:48,040
Speaker 1: I'm gonna slide underneath you and the prices right here,

865
00:47:48,080 --> 00:47:51,520
Speaker 1: and I'm gonna go three billion. God lend. She needs

866
00:47:51,560 --> 00:47:54,959
Speaker 1: to be on the prices, right, Just more than three

867
00:47:55,160 --> 00:48:00,200
Speaker 1: point five billion dollars, he said. If he said ten,

868
00:48:00,239 --> 00:48:06,640
Speaker 1: I would have said, that's a lot of coins. It's

869
00:48:06,640 --> 00:48:08,880
Speaker 1: a lot of coin. Yeah, I mean I knew it

870
00:48:08,960 --> 00:48:12,120
Speaker 1: had to be in the billions, And I mean that's

871
00:48:12,160 --> 00:48:17,000
Speaker 1: pretty remarkable though, when you think about what that sort

872
00:48:17,040 --> 00:48:23,239
Speaker 1: of financial and business legacy is. And as much as

873
00:48:23,400 --> 00:48:27,320
Speaker 1: we rightly uh you know, talk about Lebron and others

874
00:48:27,480 --> 00:48:30,280
Speaker 1: on this program and obviously has this probably business empire,

875
00:48:31,000 --> 00:48:35,920
Speaker 1: the Jordan's brand is really something that was lightning in

876
00:48:35,960 --> 00:48:37,520
Speaker 1: a bottle. I mean, I think we all remember it

877
00:48:37,680 --> 00:48:41,400
Speaker 1: from being younger men. Uh, you know, it just it

878
00:48:41,600 --> 00:48:44,560
Speaker 1: caught on and then it has just reinvented itself so

879
00:48:44,719 --> 00:48:47,879
Speaker 1: many times over the years, Lynching, you know, my son

880
00:48:47,960 --> 00:48:50,080
Speaker 1: in law is a brilliant guy. He went to Toughs.

881
00:48:50,160 --> 00:48:53,279
Speaker 1: He's uh, he works for Fidelity and when um the

882
00:48:53,400 --> 00:48:55,880
Speaker 1: Last Dance came out, he went out and bought a

883
00:48:55,920 --> 00:48:59,279
Speaker 1: pair of Air Jordan's. Yeah. You also in Michael Jordan

884
00:48:59,320 --> 00:49:02,200
Speaker 1: wanted to retire twenty years ago. Yeah, you know. I mean,

885
00:49:02,320 --> 00:49:06,000
Speaker 1: how many players still or you know, in perpetuity their

886
00:49:06,080 --> 00:49:08,439
Speaker 1: name of their brand, I mean years after they're gone.

887
00:49:08,480 --> 00:49:11,040
Speaker 1: There's Tim Horton's, don't It's something in Canada, but I

888
00:49:11,120 --> 00:49:18,000
Speaker 1: mean you speak in bars language, you know. I have

889
00:49:18,120 --> 00:49:23,320
Speaker 1: to say there's only one brand of footwear of the

890
00:49:23,440 --> 00:49:27,400
Speaker 1: athlete that if you asked anybody today, they wouldn't know

891
00:49:27,680 --> 00:49:32,239
Speaker 1: Chuck Taylor's. They All Stars. Oh yeah, and those are big.

892
00:49:32,320 --> 00:49:34,239
Speaker 1: I didn't know who Chuck Taylor was back when I

893
00:49:34,360 --> 00:49:37,279
Speaker 1: was a kid and they had the All Stars and

894
00:49:43,239 --> 00:49:46,439
Speaker 1: oh min We out of time. We're out of time.

895
00:49:46,640 --> 00:49:48,880
Speaker 1: I think we're out of time. You've been listening to

896
00:49:48,960 --> 00:49:51,680
Speaker 1: Bloomberg Business of Sports. We're here each and every week

897
00:49:51,760 --> 00:49:55,440
Speaker 1: at the same time, plus online wherever you get your podcast.

898
00:49:55,480 --> 00:49:59,040
Speaker 1: You can catch those Mondays Wednesdays and Thursdays. I'm Jason

899
00:49:59,080 --> 00:50:00,840
Speaker 1: Kelly on Twitter at jay and killing News and just

900
00:50:00,960 --> 00:50:04,560
Speaker 1: apologizing to all of those poor kids in Massachusetts who

901
00:50:04,640 --> 00:50:09,120
Speaker 1: had to stroll into a classroom and have Mr Lynchy

902
00:50:09,280 --> 00:50:13,319
Speaker 1: tell them how to balance their checkbooks. Maybe that's why

903
00:50:13,320 --> 00:50:18,040
Speaker 1: I only lasted three days. Yea. And I'm Mike Lynch.

904
00:50:18,320 --> 00:50:20,600
Speaker 1: Still waiting for my prize for winning number of the Week,

905
00:50:20,680 --> 00:50:22,560
Speaker 1: but I won't hold my breath on that one. You

906
00:50:22,600 --> 00:50:25,400
Speaker 1: can follow me at Lynch w CBB. You know what

907
00:50:25,480 --> 00:50:29,799
Speaker 1: the Nichols they had bees on him back then, Michael Barr,

908
00:50:29,880 --> 00:50:33,080
Speaker 1: and you can follow me on Twitter that Big Bar Sports.

909
00:50:33,960 --> 00:50:38,320
Speaker 1: You're listening to the Bloomberg Business of Sports and Bloomberg

910
00:50:38,440 --> 00:50:39,440
Speaker 1: Radio around the world.