1 00:00:01,400 --> 00:00:04,720 Speaker 1: Welcome to the Bloomberg Business of Sports podcast, where we 2 00:00:04,760 --> 00:00:06,520 Speaker 1: explore some of the big money issues in the world 3 00:00:06,519 --> 00:00:10,080 Speaker 1: of sports. Michael Barnes, I'm Scarlett and I'm Damien. Just 4 00:00:10,240 --> 00:00:13,560 Speaker 1: when you think it was all settled, nice and quiet 5 00:00:13,680 --> 00:00:16,520 Speaker 1: in the National Football League, all of a sudden, Dan 6 00:00:16,600 --> 00:00:20,360 Speaker 1: and Tania Snyder, the team owners of the Washington Commanders. 7 00:00:20,400 --> 00:00:23,119 Speaker 1: They said that they have hired Bank of America to 8 00:00:23,200 --> 00:00:27,120 Speaker 1: consider potential transactions for the sale of the team. And 9 00:00:27,240 --> 00:00:30,520 Speaker 1: joining us to discuss this major developing story is Bloomberg 10 00:00:30,560 --> 00:00:34,800 Speaker 1: Business reporter Cameron Leach. Welcome back, Cameron to the Bloomberg 11 00:00:34,880 --> 00:00:37,960 Speaker 1: Business of Sports Show. Hello, Hello, thanks for having me again. 12 00:00:38,320 --> 00:00:41,800 Speaker 1: What my first question I have to ask is this 13 00:00:41,960 --> 00:00:45,479 Speaker 1: came kind of out of the blue and what happened? 14 00:00:45,560 --> 00:00:49,440 Speaker 1: I tape of Daily Business of Sports show. I put 15 00:00:49,440 --> 00:00:51,800 Speaker 1: at the bed and I'm ready to go, and all 16 00:00:51,800 --> 00:00:54,680 Speaker 1: of a sudden, I see the wire blip is like 17 00:00:54,960 --> 00:00:58,640 Speaker 1: Dan Snyder has formed the team to sell the Washington Commanders. 18 00:00:58,680 --> 00:01:00,440 Speaker 1: I'm like, oh man, well, let me take this old 19 00:01:00,440 --> 00:01:06,200 Speaker 1: script all over again. That's news that that's what happened. 20 00:01:07,520 --> 00:01:09,600 Speaker 1: How this came out of the blue. Yeah, so just 21 00:01:09,680 --> 00:01:12,680 Speaker 1: last month there was Essentially they came out to say 22 00:01:12,760 --> 00:01:15,000 Speaker 1: the team is not for sale. Then you had the 23 00:01:15,120 --> 00:01:19,200 Speaker 1: NFL team owners meeting last month and we had Jim 24 00:01:19,319 --> 00:01:21,679 Speaker 1: R say out there basically saying, hey, it's time for 25 00:01:21,760 --> 00:01:24,560 Speaker 1: him to get out of here. Um. And then obviously 26 00:01:25,240 --> 00:01:28,759 Speaker 1: the Washington Commanders are you know, being investigated by the league. 27 00:01:29,319 --> 00:01:32,039 Speaker 1: Um with Mary Joe White, Um, you used to be 28 00:01:32,080 --> 00:01:35,880 Speaker 1: at the SEC kind of running that investigation, and UH, 29 00:01:35,920 --> 00:01:38,720 Speaker 1: as it's coming to a head. Uh, the team has 30 00:01:38,800 --> 00:01:41,440 Speaker 1: come around to come on the for sale block. It 31 00:01:41,480 --> 00:01:43,759 Speaker 1: feels like this has been a long time coming, even 32 00:01:43,760 --> 00:01:45,760 Speaker 1: though it is out of the blue in terms of 33 00:01:45,760 --> 00:01:48,960 Speaker 1: the timing. What do we know about why Dan Snyder 34 00:01:49,360 --> 00:01:52,840 Speaker 1: wants to sell right now? My only good guest here 35 00:01:52,880 --> 00:01:56,440 Speaker 1: would be there would be information that has previously come out, 36 00:01:56,560 --> 00:01:59,040 Speaker 1: but it's also UH is about to come out from 37 00:01:59,040 --> 00:02:01,160 Speaker 1: this investigation. Get ahead of the news, to get ahead 38 00:02:01,200 --> 00:02:03,000 Speaker 1: of the news and try to get the best value 39 00:02:03,040 --> 00:02:05,480 Speaker 1: for the team. That's just my my best guest. I 40 00:02:05,520 --> 00:02:08,320 Speaker 1: don't know much, but that's my guests. And Um, obviously 41 00:02:08,400 --> 00:02:10,040 Speaker 1: they went on to hire a Bank of America to 42 00:02:10,120 --> 00:02:11,880 Speaker 1: kind of run the sale here, which is also they're 43 00:02:11,880 --> 00:02:14,600 Speaker 1: really the big winner is here. UM. Typically they aren't, 44 00:02:14,880 --> 00:02:16,799 Speaker 1: you know, chosen as the bank to kind of lead 45 00:02:16,880 --> 00:02:19,720 Speaker 1: these kind of transactions. Boutique firms, right, bouta firms you 46 00:02:19,720 --> 00:02:21,720 Speaker 1: think like Alan and Cole. You can think of a 47 00:02:21,840 --> 00:02:25,200 Speaker 1: molus um. But this is a big win for Bank 48 00:02:25,240 --> 00:02:28,239 Speaker 1: of America and UM. It seems to be UM from 49 00:02:28,240 --> 00:02:31,400 Speaker 1: my reporting, there's at least there's been a few interested 50 00:02:31,440 --> 00:02:34,320 Speaker 1: parties out there. UM for the team. Now, well, that's 51 00:02:34,320 --> 00:02:36,280 Speaker 1: exactly I take me to my next question. I mean, 52 00:02:36,320 --> 00:02:39,280 Speaker 1: Forbes has the team value that, if I'm not mistaken, 53 00:02:39,320 --> 00:02:43,200 Speaker 1: at five point six billion dollars, that's a billion dollars 54 00:02:43,200 --> 00:02:49,040 Speaker 1: more than the BRONCTS software that I was working now. 55 00:02:49,040 --> 00:02:50,720 Speaker 1: But you know, for me, it's you know, who are 56 00:02:50,760 --> 00:02:53,160 Speaker 1: the potential buyers. It's gonna be Josh Harris. I heard 57 00:02:53,520 --> 00:02:56,760 Speaker 1: bezos name being thrown around. Doesn't already own an NFL team, 58 00:02:56,800 --> 00:02:59,600 Speaker 1: Josh Harris, I think he's been spurned. He owns UM, 59 00:02:59,639 --> 00:03:03,880 Speaker 1: I believe be on the Devil's but some soccer team, 60 00:03:04,400 --> 00:03:07,200 Speaker 1: of course, some soccer team, right, but he UM, but 61 00:03:07,320 --> 00:03:09,760 Speaker 1: he does not own an NFL franchise. It'd be interesting 62 00:03:09,760 --> 00:03:11,119 Speaker 1: to see if he throws his hat in the ring 63 00:03:11,160 --> 00:03:14,280 Speaker 1: here and obviously we had most recently Byron Allen on 64 00:03:14,280 --> 00:03:16,639 Speaker 1: the tape talking about making a bit as well. So 65 00:03:17,000 --> 00:03:19,960 Speaker 1: curious to hear your thoughts and those the names. Yeah, well, 66 00:03:20,360 --> 00:03:22,920 Speaker 1: not saying yes to your your statement, but more so 67 00:03:22,960 --> 00:03:24,760 Speaker 1: there's gonna be a lot of names out there, um, 68 00:03:24,880 --> 00:03:27,320 Speaker 1: even Josh. A lot of the parties that were involved 69 00:03:27,360 --> 00:03:30,320 Speaker 1: around the Dever Broncos will probably see them come out 70 00:03:30,320 --> 00:03:33,240 Speaker 1: again to Again, these are highly covered the assets that 71 00:03:33,400 --> 00:03:36,520 Speaker 1: again don't you know going up for cellblock often and 72 00:03:36,560 --> 00:03:39,000 Speaker 1: this is probably their opportunity for you know, some of 73 00:03:39,000 --> 00:03:40,880 Speaker 1: the world's you know, wealthiest to kind of get in 74 00:03:40,960 --> 00:03:45,080 Speaker 1: that in that game. Again, this is a very tight 75 00:03:45,240 --> 00:03:48,320 Speaker 1: owners community as well too. Um, So we're going to 76 00:03:48,400 --> 00:03:50,800 Speaker 1: see a lot of names out there. Um. There hasn't 77 00:03:50,800 --> 00:03:53,360 Speaker 1: been reporting yet that Josh Harris is around it, but 78 00:03:53,680 --> 00:03:56,840 Speaker 1: he was around the Denver Broncos um sale conversation. So 79 00:03:57,440 --> 00:03:59,600 Speaker 1: my only hunch or guests would be that he would 80 00:03:59,720 --> 00:04:01,880 Speaker 1: still be interested. You know, obviously the market is a 81 00:04:01,880 --> 00:04:03,720 Speaker 1: little different even as he doesn't have to kind of 82 00:04:03,720 --> 00:04:07,680 Speaker 1: rely on financing, but um, I can only anticipate that 83 00:04:07,720 --> 00:04:10,640 Speaker 1: he might be involved as well too. Of course, broke 84 00:04:10,640 --> 00:04:13,320 Speaker 1: the news just recently that Byron Allen is preparing to 85 00:04:13,360 --> 00:04:16,080 Speaker 1: be at alongside an investor group as well too. And 86 00:04:16,080 --> 00:04:19,520 Speaker 1: apparently his group may involve some folks from Wall Street 87 00:04:19,680 --> 00:04:22,840 Speaker 1: and Hollywood as well too. Obviously he's you know, deeply 88 00:04:22,880 --> 00:04:25,680 Speaker 1: connected within the media and TV space as well too, 89 00:04:25,680 --> 00:04:27,720 Speaker 1: so I can only imagine we'll see quite a few 90 00:04:27,760 --> 00:04:30,280 Speaker 1: names come out. It's so interesting that the same names 91 00:04:30,360 --> 00:04:32,640 Speaker 1: keep coming up over and over again every time there's 92 00:04:32,680 --> 00:04:34,920 Speaker 1: a big pro sports team up for sale. I mean, 93 00:04:34,960 --> 00:04:38,679 Speaker 1: imagine being Josh Harrison. Anytime there's a protein that could 94 00:04:38,680 --> 00:04:41,680 Speaker 1: be sold, your name just guess mentioned all the time. Uh, 95 00:04:41,720 --> 00:04:43,840 Speaker 1: you know what is is it a good? Bad thing? 96 00:04:43,880 --> 00:04:46,280 Speaker 1: I think that's probably the question we really want to 97 00:04:46,320 --> 00:04:49,800 Speaker 1: come to, uh find out during this sales process. I 98 00:04:49,839 --> 00:04:52,680 Speaker 1: think maybe some of the tactics that people use last 99 00:04:52,680 --> 00:04:55,599 Speaker 1: time they may not use this time. Um. But again, 100 00:04:55,960 --> 00:04:59,120 Speaker 1: sometimes you know, the checkbook speaks now. I thought Byron 101 00:04:59,160 --> 00:05:02,440 Speaker 1: Allen was going to buy the Denver Broncos, but that 102 00:05:02,520 --> 00:05:04,880 Speaker 1: kind of fell through. What what happened with that? From 103 00:05:04,880 --> 00:05:09,000 Speaker 1: my understanding? Um, you know, obviously when you have a 104 00:05:09,040 --> 00:05:12,440 Speaker 1: big name like you know, uh Rob Walton, um of 105 00:05:12,520 --> 00:05:16,159 Speaker 1: the Walton family, with a huge checkbook of his size 106 00:05:16,240 --> 00:05:19,400 Speaker 1: without any um, you know, words for financing or anything 107 00:05:19,400 --> 00:05:22,440 Speaker 1: of that sort. Um you know, that could that could 108 00:05:22,480 --> 00:05:23,800 Speaker 1: that could swell a lot of folks, you know, and 109 00:05:24,000 --> 00:05:26,320 Speaker 1: just think about the synergies there as well too, and 110 00:05:26,360 --> 00:05:28,640 Speaker 1: the connections to Walmart that could be advertising. You can 111 00:05:28,680 --> 00:05:30,680 Speaker 1: think about so many integral things that could you know, 112 00:05:30,720 --> 00:05:32,840 Speaker 1: help with football team as well too. But I can 113 00:05:32,880 --> 00:05:36,360 Speaker 1: only imagine with you know, Alan's connections to d C, 114 00:05:36,920 --> 00:05:41,039 Speaker 1: I can see some possibilities there as well. To um 115 00:05:41,080 --> 00:05:43,440 Speaker 1: you know. Yeah, well Cameron, this isn't only about an 116 00:05:43,520 --> 00:05:45,839 Speaker 1: NFL franchise. This is a land grab also, right, I 117 00:05:45,839 --> 00:05:47,839 Speaker 1: mean this is about a stadium, a stadium that dance 118 00:05:47,920 --> 00:05:50,600 Speaker 1: night or can't get built, So talk to us about that. 119 00:05:50,680 --> 00:05:53,960 Speaker 1: How do you think that factors into the listing price 120 00:05:54,000 --> 00:05:58,039 Speaker 1: for the team? Uh? Well, obviously we've seen we just 121 00:05:58,120 --> 00:06:01,360 Speaker 1: had a record number on the Denver Broncos. I think 122 00:06:01,400 --> 00:06:04,240 Speaker 1: it's about four point six five billion. Uh. Just a 123 00:06:04,320 --> 00:06:07,040 Speaker 1: few months later now we have a new record number 124 00:06:07,040 --> 00:06:09,400 Speaker 1: being thrown out there as well too, So you're just 125 00:06:09,400 --> 00:06:12,640 Speaker 1: going to really see who really has it to kind 126 00:06:12,640 --> 00:06:15,839 Speaker 1: of throw at the wall on this um And again too, 127 00:06:16,080 --> 00:06:18,320 Speaker 1: I think while the money is important. I think the 128 00:06:18,440 --> 00:06:24,120 Speaker 1: NFL is um really starting to prioritize who exactly they 129 00:06:24,120 --> 00:06:27,560 Speaker 1: want and in the club there you go. You get 130 00:06:27,600 --> 00:06:31,600 Speaker 1: what I'm saying. Cameraon you cover deals and so part 131 00:06:31,640 --> 00:06:35,080 Speaker 1: of your beat involves thinking through whether regulators might step 132 00:06:35,160 --> 00:06:36,719 Speaker 1: up and say, you know what, this is a bridge 133 00:06:36,720 --> 00:06:39,400 Speaker 1: too far, We're not okay with this. Does that happen 134 00:06:39,440 --> 00:06:43,120 Speaker 1: with billionaires buying sports teams? I mean if ted Leon's 135 00:06:43,240 --> 00:06:46,159 Speaker 1: is monumental sports and entertainment group, which of course owns 136 00:06:46,600 --> 00:06:49,159 Speaker 1: uh the Washington Capitals, and I believe the Washington Wizards, 137 00:06:50,040 --> 00:06:52,640 Speaker 1: if they are a potential that are for the commanders. 138 00:06:52,960 --> 00:06:55,920 Speaker 1: Does someone does a regulator? Is a regulator who might say, 139 00:06:55,960 --> 00:06:58,719 Speaker 1: you know what, you already own these bast of these 140 00:06:59,000 --> 00:07:01,360 Speaker 1: Washington areas for teams, It's too much for you to 141 00:07:01,400 --> 00:07:03,200 Speaker 1: then own the NFL team. To man, I would wish 142 00:07:03,200 --> 00:07:04,800 Speaker 1: the would have said that about Charles Dolan before it. 143 00:07:04,839 --> 00:07:10,560 Speaker 1: But everything it just an MSU right, um. The short 144 00:07:10,600 --> 00:07:13,520 Speaker 1: answer your question historically no, but I think just giving 145 00:07:13,560 --> 00:07:15,800 Speaker 1: some of the complications that the NFL has seeing over 146 00:07:15,800 --> 00:07:17,920 Speaker 1: the past few years, you're going to start to see 147 00:07:17,960 --> 00:07:21,200 Speaker 1: more governing bodies step in and say, hey, what are 148 00:07:21,200 --> 00:07:24,760 Speaker 1: we doing here? Um? And again you obviously have Mary 149 00:07:24,840 --> 00:07:28,680 Speaker 1: Joe Why who's running the league's investigations, Dan Snyder, and 150 00:07:29,240 --> 00:07:31,440 Speaker 1: the Washington commanders right now too. So I think we're 151 00:07:31,480 --> 00:07:34,040 Speaker 1: kind of headed towards that way, and I think maybe 152 00:07:34,080 --> 00:07:35,520 Speaker 1: the best move for the NFL is to kind of 153 00:07:35,520 --> 00:07:37,160 Speaker 1: get ahead of that as well too. Now, we have 154 00:07:37,200 --> 00:07:39,800 Speaker 1: to remember, the whole thing came up in the first 155 00:07:39,840 --> 00:07:44,760 Speaker 1: place because of the accusations on about Dan Snyder and 156 00:07:44,800 --> 00:07:47,640 Speaker 1: the toxic workplace that you had with the team. Can 157 00:07:47,680 --> 00:07:50,520 Speaker 1: you expand more on that? Yeah, I mean the term 158 00:07:50,560 --> 00:07:53,400 Speaker 1: toxic workplace kind of cultivates everything that was up under that. 159 00:07:53,480 --> 00:07:56,600 Speaker 1: But it was also including accusation of, you know, sexual 160 00:07:56,640 --> 00:07:59,400 Speaker 1: misconduct for some of the other other team executives. I 161 00:07:59,440 --> 00:08:02,160 Speaker 1: know there was all so, um, some issue with some 162 00:08:02,240 --> 00:08:04,440 Speaker 1: cheerleaders who were having some issues with some of the 163 00:08:05,200 --> 00:08:08,960 Speaker 1: team personnel. Um, So that kind of falls on Dan 164 00:08:09,040 --> 00:08:11,880 Speaker 1: Snyder showed who's you know, creating that workplace and what 165 00:08:11,960 --> 00:08:14,880 Speaker 1: was said was that he was what's the promoting that 166 00:08:14,960 --> 00:08:19,320 Speaker 1: to some degree. Um. So it's been a very troubling, 167 00:08:19,560 --> 00:08:23,360 Speaker 1: troubling few years, uh for Dan Snyder, but it seems 168 00:08:23,400 --> 00:08:25,560 Speaker 1: that he was able to get away, to get away 169 00:08:25,640 --> 00:08:27,960 Speaker 1: with all of these things for quite some time, you know, 170 00:08:28,000 --> 00:08:30,920 Speaker 1: paying a timillion dollar fine. Um, you know, more recently 171 00:08:30,920 --> 00:08:33,800 Speaker 1: than not. But it seems like it's coming to a hit. Well, 172 00:08:33,800 --> 00:08:36,120 Speaker 1: the workplacement's conduct is one thing. The one thing that 173 00:08:36,240 --> 00:08:38,199 Speaker 1: I think got air saying everybody up in the roars 174 00:08:38,240 --> 00:08:40,640 Speaker 1: that he had two separate books on the NFL that 175 00:08:40,679 --> 00:08:42,679 Speaker 1: he was holding that he was not he was under 176 00:08:42,679 --> 00:08:45,880 Speaker 1: reporting team revenue, and I believe there's an investigation into 177 00:08:45,920 --> 00:08:49,000 Speaker 1: that as well. They're okay with everything else, but then this, 178 00:08:49,480 --> 00:08:51,559 Speaker 1: I'm not saying we were okay with anything else that 179 00:08:51,720 --> 00:08:53,760 Speaker 1: may not. I'm glad you asked the question, but I mean, 180 00:08:53,800 --> 00:08:55,559 Speaker 1: if you want to talk about how that club of 181 00:08:55,960 --> 00:08:58,120 Speaker 1: ament of owners feels when you start holding back money 182 00:08:58,120 --> 00:09:00,439 Speaker 1: you're supposed to report to them, that hit some right out. Yeah, 183 00:09:00,640 --> 00:09:03,480 Speaker 1: everyone's gonna take action then. Correct. If you think back 184 00:09:03,480 --> 00:09:06,079 Speaker 1: to our time interviewing Jim, I said he was speaking about, 185 00:09:06,120 --> 00:09:08,200 Speaker 1: you know, building up more of that media revenue as 186 00:09:08,200 --> 00:09:11,160 Speaker 1: world too, and trying to bring some of those you know, 187 00:09:11,160 --> 00:09:14,240 Speaker 1: owners together to create their own entity other than using 188 00:09:14,280 --> 00:09:17,200 Speaker 1: some of the other networks that they used to broadcast 189 00:09:17,240 --> 00:09:20,520 Speaker 1: their games. So when you started shorthanding the NFL owners 190 00:09:20,520 --> 00:09:25,080 Speaker 1: and I started talking talking about them and doing counterproductive work. Um, 191 00:09:25,160 --> 00:09:27,240 Speaker 1: this is where we come to. So I'm rooting for 192 00:09:27,280 --> 00:09:30,400 Speaker 1: Byberr now on because he's real. People. Now, there's a 193 00:09:30,480 --> 00:09:34,240 Speaker 1: joke there, and if you don't get it, you gotta google. 194 00:09:34,280 --> 00:09:36,200 Speaker 1: And I'm gonna make you do your homework. Man. All right, 195 00:09:37,000 --> 00:09:40,120 Speaker 1: fantasy football people, what's the team doing? How's it doing? 196 00:09:40,200 --> 00:09:42,320 Speaker 1: Does it have any big stars? I know for a fact, 197 00:09:42,360 --> 00:09:44,160 Speaker 1: no one on the watch the commanders on my fantasy 198 00:09:46,400 --> 00:09:51,520 Speaker 1: Man out to Lamar Jackson, shout out to Brian Robinson. 199 00:09:51,559 --> 00:09:53,719 Speaker 1: I got Brian Robinson in my fantasy squad. And but look, 200 00:09:53,720 --> 00:09:55,439 Speaker 1: I mean Ron Rivera. I mean they've got him, locked 201 00:09:55,520 --> 00:09:57,240 Speaker 1: him for another two years, right, so they have to 202 00:09:57,280 --> 00:09:59,440 Speaker 1: deal with Um. I mean, I mean, if they are 203 00:09:59,440 --> 00:10:01,160 Speaker 1: going to replace some what's gonna go on with the team, 204 00:10:01,200 --> 00:10:03,000 Speaker 1: all that good stuff? Whoever? The new owner, if there 205 00:10:03,040 --> 00:10:05,800 Speaker 1: is a new owner, may well very may very well be. 206 00:10:05,920 --> 00:10:08,079 Speaker 1: My only question is do you think it's more likely 207 00:10:08,120 --> 00:10:10,680 Speaker 1: that's Ni's gonna sell the whole team, or do you 208 00:10:10,679 --> 00:10:13,040 Speaker 1: think you'd like to maintain a minority interest. Is that's 209 00:10:13,080 --> 00:10:15,240 Speaker 1: something that's in the Bank of America needs to look 210 00:10:15,280 --> 00:10:16,880 Speaker 1: into I mean, is that what they're being hired to do? 211 00:10:17,080 --> 00:10:19,280 Speaker 1: My best guess is I mean, I think as as 212 00:10:19,280 --> 00:10:21,880 Speaker 1: we've all come to deal with people that are, you know, 213 00:10:22,000 --> 00:10:25,760 Speaker 1: very wealthy, they they love themselves and they always want 214 00:10:25,800 --> 00:10:28,560 Speaker 1: to be involved. Um So I would only imagine that 215 00:10:28,559 --> 00:10:31,000 Speaker 1: they their best case or at least for them, they 216 00:10:31,040 --> 00:10:32,880 Speaker 1: will want to only sell a portion of the team 217 00:10:33,120 --> 00:10:35,880 Speaker 1: at least so they aren't majority owners. Now, what somebody 218 00:10:35,920 --> 00:10:38,640 Speaker 1: wants to still be in business with this nider is 219 00:10:38,679 --> 00:10:40,520 Speaker 1: just the next question. And that's not up for me 220 00:10:40,559 --> 00:10:43,000 Speaker 1: to decide or the audience more so the people that's 221 00:10:43,040 --> 00:10:46,440 Speaker 1: right in the checks. Bloomberg reporter Cameron Leach, thank you 222 00:10:46,520 --> 00:10:48,840 Speaker 1: so much man for joining us on the Bloomberg Business 223 00:10:48,960 --> 00:10:52,400 Speaker 1: Up Sports podcast, laying a knowledge on us because I 224 00:10:52,440 --> 00:10:55,440 Speaker 1: need a lot of it. Listen if you want to 225 00:10:55,480 --> 00:11:00,320 Speaker 1: catch our podcast there there Monday, Wednesday and Thursday and 226 00:11:00,520 --> 00:11:04,839 Speaker 1: download them wherever you get your podcasts. H