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Speaker 1: This is Bloomberg Business of Sports. The cold heart truth

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Speaker 1: about the Olympic journey is not really been financially incentivized

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Speaker 1: in the same way that many of the perfession sports are.

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Speaker 1: The business of basketball involved e b A. Glibals are

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Speaker 1: light losing arm think for fifty. All of those things

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Speaker 1: will make up what that looks like money in sports.

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Speaker 1: It's one of the reasons why I enjoy being on

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Speaker 1: Money Night Countdown. Let's talk about some of the more

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Speaker 1: interesting aspects of business of sports. When you talk in sports,

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Speaker 1: discipline is the bridge from being good to ultimately being

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Speaker 1: great at whatever it is that you're trying to be

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Speaker 1: your accomplished as your profession. Bloomberg Business of Sports from

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Speaker 1: Bloomberg Radio. We are so pleased to welcome now to

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Speaker 1: the Bloomberg Business of Sports Show the CEO and the

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Speaker 1: owner of the Indianapolis Colts, Jim er Say, Jim, thank

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Speaker 1: you so much for joining us today. Sir Scarlett's good

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Speaker 1: to be here, really good to talk to you guys,

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Speaker 1: and love Bloomberg, so thanks for having me. Well, we

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Speaker 1: are honored to have you on the show. I want

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Speaker 1: to start with something that your organization is prioritizing and

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Speaker 1: that is a mental health awareness fundraiser. You and your

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Speaker 1: family are hosting this fundraiser on mental health awareness. It's

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Speaker 1: called Beyond the Sidelines. Tell us why this is such

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Speaker 1: an important and for you a personal issue. You know,

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Speaker 1: I can really get to the crux of it, um,

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Speaker 1: of the importance of kicking the stigma and awareness for

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Speaker 1: mental health and raising that awareness. You know, we've had

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Speaker 1: national and international commercials even going overseas for this pause

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Speaker 1: to to really raise awareness and attention. And it really

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Speaker 1: starts with this understanding the pain, suffering, misery, darkness that

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Speaker 1: mental illness brings, the stigma that people high because they

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Speaker 1: don't want to seek help for it. UM. I lost

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Speaker 1: my grandfather to alcoholism and nineteen seven I lost my

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Speaker 1: dad to alcoholism. UM. You know in UM and you

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Speaker 1: know in my family on both sides that you know,

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Speaker 1: the illness has been there and it's a genetic disease.

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Speaker 1: And so we really try to point out scarlet that

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Speaker 1: you know, there's no difference than than cancer. If someone

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Speaker 1: has ancrand the cancer, you don't say, well, they're fighting

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Speaker 1: their demons. You know, maybe they can beat this if

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Speaker 1: they just have more character it's not that it's a

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Speaker 1: fatal disease, and some people get better and some don't.

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Speaker 1: Those that don't get better aren't worse people. You just

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Speaker 1: were able to get better. And we're trying to get

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Speaker 1: people to seek out because they can't get better without

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Speaker 1: seeking Jim Cameron Leach here you began, you're kicking the

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Speaker 1: stigma initiative in which is so good to see, especially

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Speaker 1: in just the time that you did around the pandemic.

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Speaker 1: What is it that we know about the pandemic and

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Speaker 1: what effect that has that had on people within that

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Speaker 1: that timeframe. Well, it's been enormous. Uh, you know, it

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Speaker 1: really has in the sense that you know, we you know,

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Speaker 1: my daughter and I came and my youngest daughter who's

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Speaker 1: been spirit heading it mainly even though the whole families involved. Um,

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Speaker 1: you know, we really said, you know, how does Coca Cola,

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Speaker 1: McDonald's all, Why did those companies to advertise this? Because

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Speaker 1: it works, you know. So so there really wasn't anything

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Speaker 1: out there at all. I know, Michael Phelps were honored

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Speaker 1: together New York at a mental health fundraiser tribute, and uh,

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Speaker 1: you know, Michael had a few things out there on

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Speaker 1: a brief commercial, but really couldn't find anything um getting

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Speaker 1: to people. And with COVID going on, it was, you know,

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Speaker 1: all the best of times because with COVID it really

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Speaker 1: up the anti with mental health problems in this country

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Speaker 1: and all over the world. So it was really passionate

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Speaker 1: for us to really reach out and say, hey, if

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Speaker 1: you're in your basement right now and you have a

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Speaker 1: gun sitting next to you and you don't know what

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Speaker 1: to do tonight, you know there's hope, there's a solution.

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Speaker 1: We don't just say there's a problem. We say there's

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Speaker 1: a solution. That's the key. There is a solution, and

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Speaker 1: that's what people want to hear. They want to hear hope.

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Speaker 1: Anyone can identify a problem, but you have to identify

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Speaker 1: a solution and give hope. And that's what we're giving,

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Speaker 1: hope into the light and then too a better day. Yeah,

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Speaker 1: and we know the pandemic really shine a spotlight on

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Speaker 1: mental illness. I want to ask you, however, about mental

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Speaker 1: health and the NFL, in particular, from what you've seen

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Speaker 1: in your decades in the league, how pervasive our mental

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Speaker 1: health problems in the NFL. It's clearly a high stress

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Speaker 1: environment for players, for coaches, for administrators, as an owner,

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Speaker 1: what kind of resources do organizations in the league typically

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Speaker 1: devote to mental health versus what's actually needed. Well, you know,

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Speaker 1: it's a great question. I've been in the league fifty

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Speaker 1: two years, started way way back what Johnny United is

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Speaker 1: and in a long, long, long time ago in Baltimore,

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Speaker 1: and uh, you know, mental health instantly got on the

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Speaker 1: radar and and exists today. We just lost the president

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Speaker 1: the Texans Houston Texans had retired. Jamie was a long

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Speaker 1: time president there for the late Bob mcneir and their family,

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Speaker 1: and had retired. But unfortunately, uh was a suicide victim

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Speaker 1: just only about a month and a half ago. Um.

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Speaker 1: And and it's so difficult because, um, you see it

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Speaker 1: in the NFL all the time, and I've seen it

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Speaker 1: going way way back when, um, it was harder to identify,

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Speaker 1: you know in the seventies, uh, and and and and

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Speaker 1: even the eighties there there wasn't enough knowledge and awareness.

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Speaker 1: And so we have massive resources. But I think the

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Speaker 1: key thing is to get people to seek help, Scarlet,

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Speaker 1: because the problem is, imagine if you had a fatal illness,

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Speaker 1: except it's your and and people view you as a

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Speaker 1: less band person. I mean someone wrote in a tweet,

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Speaker 1: I broke my leg. I received flowers and cards. I

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Speaker 1: had depression. I didn't get one. I had No one

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Speaker 1: contacted me because, um, and it's it's so bad Scarlett.

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Speaker 1: Where let's say you have a sister you know that's bipolar,

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Speaker 1: and it's going through difficult times and in all sorts

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Speaker 1: of manica moments that can come about none to the

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Speaker 1: fault of the person who's ill. And and you know

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Speaker 1: you're ashamed, you know, to just tell someone of the

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Speaker 1: cocktail party and talk about it. No one that you

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Speaker 1: hide it, you know. Um and plus a big problem,

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Speaker 1: I want to express insurance companies. Um a problem because

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Speaker 1: I've dealt with a lot of antirexic children in their teams,

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Speaker 1: you know, seek help, and help is expensive. Insurance companies

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Speaker 1: don't cover, and they have to get a second mortgage

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Speaker 1: on their house just to try to date for their

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Speaker 1: child's hell here and it's and it's really unfortunate in

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Speaker 1: this country. Jim Mercy is the owner and CEO of

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Speaker 1: the Indianapolis Colts. He joins us here on the Bloomberg

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Speaker 1: Business of Sports. Jim, thanks for being here. One question

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Speaker 1: I have to ask. You're the owner owner of the Coats,

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Speaker 1: and you guys recently acquired quarterback Matt Ryan, who most

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Speaker 1: recently came from my hometown team of the Atlanta Falcons.

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Speaker 1: How do you assess his and the team's performance? Uh

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Speaker 1: thus far with the tie and lost to begin the season. Well,

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Speaker 1: it's difficult at this point because when you bring in

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Speaker 1: a new quarterback and you're just really starting things over.

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Speaker 1: And this started with us when we shockingly lost Andrew

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Speaker 1: Luck who retired at age twenty nine, left eight hundred

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Speaker 1: million dollars on the table, had ten years plus left

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Speaker 1: in the league and walked away. Um again you're into um,

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Speaker 1: the kicking, the stigma and mental health issues. Um. You know,

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Speaker 1: he just um was not uh in a in a

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Speaker 1: headspace mentally and emotionally where we could go on and

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Speaker 1: play football anymore at age nine. So it put us

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Speaker 1: in a in a quandary. And so we had four

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Speaker 1: quarterbacks in four years. Uh, you know, Jacoby per said

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Speaker 1: Philip Rivers, Um, you know Carson Winston, then now Matt Ryan,

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Speaker 1: and we're thrilled to have Matt. Um. We we think

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Speaker 1: we're gonna be fine. Uh. It's been a very difficult

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Speaker 1: start for US. UM. Obviously being um oh one and

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Speaker 1: one is better than being owen to uh. Something tells

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Speaker 1: you that time they really play into things. But again,

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Speaker 1: we play seventeen games now as a long, long season.

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Speaker 1: Our first home games just this Sunday against the Kansas

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Speaker 1: City Chiefs, a great against the great Patrick Mahomes. So UM,

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Speaker 1: quarterback means everything in this league, and that your quarterback

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Speaker 1: play his leadership out and off the field his performance.

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Speaker 1: Look at the rules are designed to throw the football.

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Speaker 1: Now to protect the quarterback. You can't touch the receivers

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Speaker 1: at the line of scrimmage. You know, everything is designed

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Speaker 1: to throw the football. So UM, we have a lot

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Speaker 1: of young receivers and that's part of the problem. And

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Speaker 1: two of the more hurt um going into uh UM

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Speaker 1: UH play in Jacksonville, UH and that really stet us

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Speaker 1: back because we were already shorthanded there. So obviously we

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Speaker 1: have Jonathan Taylor, who's you know, maybe the best player

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Speaker 1: in the league, UM and at running back, and so

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Speaker 1: we think we'll be fine with with Matt Ryan, I know,

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Speaker 1: and talking to Peyton Manning, Tony Donjee, Bruce arians Um

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Speaker 1: before we brought Matt in, they were just absolutely thrilled

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Speaker 1: and couldn't um, you know, feel more than ever, Like

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Speaker 1: we felt that he was just what we needed right

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Speaker 1: now for the next two or three years going forward.

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Speaker 1: So we feel optimistic. Um, but you hate starting the

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Speaker 1: way you start. You like to get off to a

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Speaker 1: fast start, like I said, Uh, Tennessee got crushed against Buffalo.

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Speaker 1: They're owing too, so the divisions up in the air,

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Speaker 1: and uh, you know we planned, I'm being in the

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Speaker 1: thick of things for the playoffs when all of a

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Speaker 1: sudden done though, UM, I want to pick it back

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Speaker 1: off of Cameron's question about the league being increasingly quarterback driven.

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Speaker 1: Your team has been lucky or prepared, uh to not

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Speaker 1: miss a beat since Peyton Manning departed the team? Uh,

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Speaker 1: Andrew Luck, Phil Rivers, Matt Ryan. I want to hear

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Speaker 1: from you what it's like to plan for the next one.

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Speaker 1: Take us inside that process. How challenging is it? What

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Speaker 1: at what point does the planning begin or is it

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Speaker 1: a constant thing? Well, it's it's it's a great question,

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Speaker 1: and you really start your planning early. I know with

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Speaker 1: Peyton Manning in two thousand and two thousand and eleven,

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Speaker 1: Phill Polly and our Hall of Fame general manager and

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Speaker 1: I we're meeting because Peyton was getting older and we

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Speaker 1: were wondering, okay, who is going to be the quarterback

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Speaker 1: of the future. And we talked about this great player

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Speaker 1: Andrew Luck at Stamford. But he'll be the number one

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Speaker 1: pick in the draft, the best player coming out since

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Speaker 1: John Elway, and we'll never have a chance to get him.

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Speaker 1: So why I spend We know how great he is,

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Speaker 1: but we'll never get him. And lo and behold Peyton

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Speaker 1: hurts his neck where the worst team in the league,

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Speaker 1: and we all of a sudden at the first pick

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Speaker 1: and there's Andrew Luck. So um, A lot of owners

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Speaker 1: were pissed at me because they're going, come on, I mean,

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Speaker 1: Saint Manning to Andrew Luck? Really, how how are you?

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Speaker 1: How are you doing? I guess the luck of the

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Speaker 1: horse shoe is real. Um. You know, so those things happen,

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Speaker 1: and then you have the downside of things where all

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Speaker 1: of a sudden, you know, you have an injury like

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Speaker 1: that happened to Peyton, and you have Andrew lux retirement,

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Speaker 1: um out of nowhere at such an early age. So

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Speaker 1: so you have you know, you couldn't really plan for

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Speaker 1: Andrew at all because he retired, uh, you know, two

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Speaker 1: weeks before the season started. So you know, it was

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Speaker 1: a shock to everyone obviously, and it left us, um,

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Speaker 1: you know, unprepared because you can't prepare for that, but

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Speaker 1: you try to prepare as much as you can. And

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Speaker 1: you're always keeping your targets on it, you know. And

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Speaker 1: in I traded up to get Jeff George and gave

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Speaker 1: up Andre Royson and Christen the number one pick just

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Speaker 1: draft Jeff and you know, unfortunately for a number of reasons.

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Speaker 1: You know, he had great talent. But but but that

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Speaker 1: didn't work out. Sometimes it does work out, sometimes it doesn't, um.

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Speaker 1: And so you try to either get the great franchise quarterback,

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Speaker 1: one that you could ride for ten plus years, or

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Speaker 1: you try to get a plug in quarterback likely had

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Speaker 1: with C. M. Harbaugh. You almost got to the Super

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Speaker 1: Bowl ninety five. And Baltimore has done that. Tampus done that, Um,

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Speaker 1: Washington has done that back in the day with Rippley,

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Speaker 1: and we're all of a sudden, you get a guy

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Speaker 1: who was good enough and uh, and if you surrounded

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Speaker 1: with the right things, you can win. But let me

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Speaker 1: just say there's guys you see the importance of quarterback

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Speaker 1: when you see what went on with Deshaun Watson. I mean,

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Speaker 1: you know, here is a franchise, you know in Cleveland's

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Speaker 1: saying if we're gonna you know, guarantee, we're gonna give

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Speaker 1: up all this money and and and we're gonna take

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Speaker 1: all these chances with all the stuff that's happened that's

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Speaker 1: still unresolved off the field, and we're not even gonna

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Speaker 1: have them for maybe the first eight to ten games.

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Speaker 1: But quarterback means that much to us that we're going

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Speaker 1: to go through all that, including you have to answer questions,

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Speaker 1: is you know, is this right for the franchise, etcetera.

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Speaker 1: I mean that's how incredibly the position, how important the

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Speaker 1: position is and and so um, you know you will

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Speaker 1: do anything and everything you can. And I'll say this

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Speaker 1: because you know, I had people talk to me, you know,

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Speaker 1: uh directly about you know, uh Colin Kaepernick, and look

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Speaker 1: at if if if if a team like us or

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Speaker 1: someone we thought you know that that Colm was, that

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Speaker 1: was a guy who be coming and still play great football.

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Speaker 1: You know, every single day of the week you're going

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Speaker 1: to sign him. I mean it's that quarterback position is

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Speaker 1: so coveted that so hard to fill that. Um, you're

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Speaker 1: trying to do everything you can. And so right now

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Speaker 1: we know Matt Ryan's a temporary solution. We hope for

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Speaker 1: two or three years, but we're already making plans for

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Speaker 1: the future after them. He started to mention it too,

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Speaker 1: But why do you think Colin Kaepernick isn't in the

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Speaker 1: league right now? Well for that very reason. If if

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Speaker 1: he was good enough, he'd be in the league. That's

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Speaker 1: what I mean. Look at Deshaun Watson, I mean, why

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Speaker 1: why is he not only in the league, but but

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Speaker 1: why did someone give up all those draft picks, pay

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Speaker 1: all that money because they thought he could help them win?

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Speaker 1: And and that's the way it always is at that position.

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Speaker 1: And you know, uh, you try to. Um. You know,

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Speaker 1: I felt for Colin because you know, I felt empathy,

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Speaker 1: because I felt that he felt you know that that

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Speaker 1: there was other reasons that he's being you know, not

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Speaker 1: on the team. And it wasn't a quest. That wasn't

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Speaker 1: it at all. If someone can help you win, you're

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Speaker 1: going to bring him in. And there's no question about it. Um.

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Speaker 1: But again, if someone if you if your scouts, if

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Speaker 1: your junior manager, if your coach doesn't feel he has

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Speaker 1: that talent left in him, then um, you're not going

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Speaker 1: to bring him in. So I think it gets you know,

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Speaker 1: I think that position, like I said, it really gets

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Speaker 1: defined by what you see happening with you know, Cleveland

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Speaker 1: going through what they did just to bring into Shaun Watson. Yeah,

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Speaker 1: it sounds like it's pretty binary. In the end. I

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Speaker 1: got to ask you about NFL live rights because that

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Speaker 1: is where all the money is. This is what everyone

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Speaker 1: is battling each other for, especially when we look at

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Speaker 1: some of the tech companies with their billions of dollars

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Speaker 1: hundreds of billion dollars in cash. First of all, give

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Speaker 1: us your take on the NFL beon Amazon. What did

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Speaker 1: you think of Thursday Night football on Amazon. Well, it

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Speaker 1: was a historic moment for the league, scarlet for us

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Speaker 1: having that Thursday night, uh, you know game on on Amazon.

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Speaker 1: You know, obviously Jeff Basis was there with the commissioner

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Speaker 1: and and it was a special night. And now Michaels

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Speaker 1: took to the air and and and it was a

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Speaker 1: huge success that that, Um, particularly for your your younger viewers. Um,

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Speaker 1: you're trying to continuously find the best way to take

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Speaker 1: get to all viewers and have multi options on these broadcasts.

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Speaker 1: And you have to understand, um, you know, any sports

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Speaker 1: right now is popular because of television rights for the

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Speaker 1: last of the better word, internet rights, whatever you want

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Speaker 1: to say, whether it's hockey, baseball, or basketball. But the NFL,

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Speaker 1: you know, that's just another world. I mean, you know, UM,

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Speaker 1: we have you know, preseason games that that you know,

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Speaker 1: literally rate higher than the Yankees Red Sox regular season game.

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Speaker 1: You know, we have you know, we we always occupy

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Speaker 1: the top fifty shows in the country. We're the majority

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Speaker 1: of them all, you know. And so UM, you're you're

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Speaker 1: trying to find ways, and you know, the landscape is changing.

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Speaker 1: This this TV contract we signed for ten years and

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Speaker 1: you know, over a hundred billion dollars, you know, is

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Speaker 1: probably going to be the last one that's structured with

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Speaker 1: with that sort of steel in mind. Where you have

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Speaker 1: there's always been the major network CBS, you know, and

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Speaker 1: and and NBC, and then of course you know Fox

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Speaker 1: and and and you know, then eventually ESPN being a

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Speaker 1: very prominent partner. Um. But the landscape is changing and

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Speaker 1: it's going to continue to change, UM and and really

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Speaker 1: UM in the league right now, gaming and uh, continuing

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Speaker 1: to to to to use broadcast abilities dominate the landscape.

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Speaker 1: Because it used to be your stadium was more than

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Speaker 1: half of your revenue, your local income, anation caused your

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Speaker 1: stadium income, you know, parking, you know really you know,

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Speaker 1: going back definitely to the seventies, even even through the eighties,

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Speaker 1: it started getting close to the equal maybe fifty fifty

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Speaker 1: in the nineties fifties, and then it started tilting. But

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Speaker 1: but but you know that that that has become so dominant,

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Speaker 1: uh in terms of the ship because, UM, you can

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Speaker 1: only get so much money out of your local revenue.

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Speaker 1: You can only charge so much for a suite. You know,

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Speaker 1: you can do a lot there, but you're limited to

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Speaker 1: some degree. But with with broadcasting, UM, it's really an

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Speaker 1: unlimited theater. And we're just tapping into what the future

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Speaker 1: is going to look like. UM And UH, and I

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Speaker 1: think our viewers are are very much young people. You

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Speaker 1: know these days, it's definitely split enormous amount of UM women, uh,

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Speaker 1: football fans enormous. I mean that wasn't the case you know,

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Speaker 1: thirty forty years ago. UM. So the whole landscape and

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Speaker 1: the audience that you're dealing with, UM is forever changing,

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Speaker 1: and you have to be brilliant. You have to be

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Speaker 1: on the cutting edge. And how we partner what we

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Speaker 1: do with the NFL network, you know, do we partner,

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Speaker 1: do we sell? And I've brought up the concept about

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Speaker 1: NFL Hollywood where we need to be making blind Side

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Speaker 1: the movie. We need to be making Brian stories. We

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00:19:59,600 --> 00:20:03,280
Speaker 1: need to be making you know, the football movies. Um,

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Speaker 1: you know, with our own producers. It's so far with

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Speaker 1: with our with our own and become a separate entertainment company.

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Speaker 1: That that and we have that with with NFL Films

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00:20:14,560 --> 00:20:18,600
Speaker 1: some but but it's not massive. But NFL Network Plus

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00:20:18,680 --> 00:20:22,679
Speaker 1: for instance, and and really creating we we don't need

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Speaker 1: a distributor anymore. It used to be what we have

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00:20:25,359 --> 00:20:27,880
Speaker 1: to get a distributor. Now you don't need a distribute

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Speaker 1: We we we have a distributor in NFL Network, in

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Speaker 1: the NFL Plus and and so now you're capable of

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Speaker 1: of bringing in Hollywood producers. You know, have a completely

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Speaker 1: contained intertainment company like Disney that doesn't focus just on

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Speaker 1: game day and just playing the games, but it's all

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Speaker 1: the entertainment that surrounds that. You know, um, HBO Hard

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00:20:51,760 --> 00:20:54,520
Speaker 1: Knocks has begun a journey down that. But it's even

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Speaker 1: more than that. You can imagine the sort of films

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Speaker 1: that would be available and so popular, like blind Side.

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Speaker 1: I mean blind Side, there's there's three hundred, four hundred

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Speaker 1: more stories just like that UM to be told. So

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Speaker 1: it's really interesting. Um, I really see gaming and I

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00:21:13,680 --> 00:21:18,639
Speaker 1: also see UM NFL, Hollywood, NFL entertainment. I see the

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Speaker 1: league gonna be. It's gonna be, it's gonna have a commissioner,

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00:21:22,520 --> 00:21:26,240
Speaker 1: but they're gonna deal with specifically football and deal with

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00:21:26,600 --> 00:21:28,560
Speaker 1: with taken here of the game, which is the most

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00:21:28,640 --> 00:21:31,760
Speaker 1: important thing. But then you're gonna have a CEO of

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Speaker 1: business of the whole because you know, this takes great

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Speaker 1: management and great wisdom and how you integrate all these

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Speaker 1: different business groups because you know, we're we're investing, and

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Speaker 1: we're involved now and so you have no idea the

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00:21:47,800 --> 00:21:50,840
Speaker 1: complications and what we're involved and now compared to even

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Speaker 1: fifteen years ago, UM with with how how the league

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Speaker 1: is changing. And so the key thing I think is, um,

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Speaker 1: you know, we didn't monetorize fantasy football as well as

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00:22:04,880 --> 00:22:08,280
Speaker 1: we should have. There was some limitations, of course, how

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Speaker 1: much you could completely control it but we have to

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Speaker 1: stop letting people take our brand and say, well, you know,

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Speaker 1: fifty fifty will produce and do our will take your brand. No,

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Speaker 1: I mean we need to keep that in the house,

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Speaker 1: roll the majority interests of that ourselves, because that's really

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Speaker 1: what we created in our brand and our products. Jim

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Speaker 1: you you you mentioned the economists of the business has

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00:22:35,760 --> 00:22:38,120
Speaker 1: changed so much over the past fifty years. I'm curious

377
00:22:38,160 --> 00:22:40,960
Speaker 1: to know how far along our discussions with other owners

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Speaker 1: about starting a new entity outside of the NFL. And

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00:22:43,920 --> 00:22:46,520
Speaker 1: also too, what's the upside to actually owning an NFL

380
00:22:46,600 --> 00:22:49,600
Speaker 1: team nowadays? Are you looking to generate returns or this

381
00:22:49,720 --> 00:22:52,160
Speaker 1: is more so just for the cash to let your friends.

382
00:22:52,200 --> 00:22:54,240
Speaker 1: Do you own the NFL team as well? Well, let's

383
00:22:54,320 --> 00:22:56,520
Speaker 1: look at I mean, the Brocos just go to the

384
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Speaker 1: Walton family for almost five billion dollars. Is you know

385
00:23:00,960 --> 00:23:04,040
Speaker 1: just six years ago the Panthers you know, sold for

386
00:23:04,160 --> 00:23:06,720
Speaker 1: two point two billion and that was a rector, So

387
00:23:06,800 --> 00:23:09,240
Speaker 1: I mean that's more of a hundred percent you know,

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00:23:09,440 --> 00:23:13,840
Speaker 1: increase enfranchise value. And so these teams are gonna be

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00:23:14,000 --> 00:23:18,119
Speaker 1: worth you know, fifteen billion dollars each and that's without

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Speaker 1: us going public or having corporate ownership. I mean there's

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Speaker 1: other leagues that has corporate ownership, that has public We

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Speaker 1: don't allow that. We want to deal with one individual

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Speaker 1: that says, Okay, you're my partner, let's sit down and

394
00:23:33,040 --> 00:23:35,479
Speaker 1: talk to see how we're gonna do this. But more

395
00:23:35,560 --> 00:23:39,640
Speaker 1: important than and than ever is in the old days,

396
00:23:39,720 --> 00:23:42,679
Speaker 1: the owners would control the league and and and they

397
00:23:42,720 --> 00:23:45,399
Speaker 1: would meet and they would be actively involved in And

398
00:23:45,520 --> 00:23:49,760
Speaker 1: we have to continue to get involved in that because, um,

399
00:23:50,400 --> 00:23:53,200
Speaker 1: you know, there's nothing like having skin in the game.

400
00:23:53,440 --> 00:23:55,639
Speaker 1: I mean for me, I own a hundred percent, So

401
00:23:55,800 --> 00:23:58,120
Speaker 1: there is no the NFL is not a plot of money.

402
00:23:58,320 --> 00:24:01,280
Speaker 1: There is no NFL bank, there is no DNFL doesn't

403
00:24:01,320 --> 00:24:04,399
Speaker 1: have you know, thirty billion vollars sitting around that you

404
00:24:04,440 --> 00:24:06,800
Speaker 1: can know it's just the thirty two of us. If

405
00:24:06,880 --> 00:24:09,720
Speaker 1: something happens and I have to cover it since I

406
00:24:09,800 --> 00:24:12,919
Speaker 1: own a three point three percent of the league, if

407
00:24:12,960 --> 00:24:15,560
Speaker 1: that's the maximum you've been owned, because you can't own

408
00:24:15,600 --> 00:24:18,119
Speaker 1: more than one team and you can't earn more than

409
00:24:18,160 --> 00:24:19,840
Speaker 1: a hundred percent. And on these few of us own

410
00:24:19,840 --> 00:24:23,119
Speaker 1: a hundred percent. But but when you have that, you

411
00:24:23,160 --> 00:24:25,720
Speaker 1: know you have to realize with all that in in

412
00:24:25,800 --> 00:24:29,440
Speaker 1: the game. You know that you have to really protect

413
00:24:30,040 --> 00:24:36,080
Speaker 1: and not give away, you know, the control of different

414
00:24:36,119 --> 00:24:39,440
Speaker 1: things that you're doing, because because you know, we should

415
00:24:39,480 --> 00:24:43,640
Speaker 1: be doing everything we should, you know, I mean sometimes

416
00:24:43,720 --> 00:24:47,480
Speaker 1: like mental distribution, but it comes to even when it

417
00:24:47,560 --> 00:24:50,520
Speaker 1: comes to no, no matter what you're involved with. Now

418
00:24:50,640 --> 00:24:56,520
Speaker 1: we're creating companies for instance, that makes NFL T shirts, Well,

419
00:24:56,680 --> 00:24:59,399
Speaker 1: well maybe that's a company we should own. I mean,

420
00:24:59,720 --> 00:25:02,000
Speaker 1: you know, we've made a lot of other people wealthy

421
00:25:02,359 --> 00:25:06,320
Speaker 1: the secondary ticket market. Ums you realize how much they've

422
00:25:06,400 --> 00:25:10,359
Speaker 1: made for us. It's a huge industry, and that that's

423
00:25:10,440 --> 00:25:14,720
Speaker 1: our brand, that's our money. People are taking that unsolicitedly

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00:25:15,200 --> 00:25:18,719
Speaker 1: and making large amounts of money off our brand. I mean,

425
00:25:18,840 --> 00:25:20,879
Speaker 1: I mean, and that's what we have to protect. Again,

426
00:25:21,080 --> 00:25:24,359
Speaker 1: it sounds like you're all for vertical integration of the NFL.

427
00:25:24,880 --> 00:25:28,480
Speaker 1: And and also there's no question and I think it's

428
00:25:28,560 --> 00:25:31,680
Speaker 1: it's hard sometimes to get people to see visions. You know.

429
00:25:31,760 --> 00:25:34,639
Speaker 1: It's like Ted Turner, who I knew and says to

430
00:25:34,880 --> 00:25:37,240
Speaker 1: going and God blessing. But you know, I'm gonna start

431
00:25:37,320 --> 00:25:40,920
Speaker 1: twenty four hour news and people would be like, are

432
00:25:40,960 --> 00:25:44,119
Speaker 1: you crazy? Who's gonna watch that? You know? I mean

433
00:25:44,200 --> 00:25:47,400
Speaker 1: it's always the same way. It's hard for people sometimes

434
00:25:47,520 --> 00:25:50,159
Speaker 1: to see that vertical vision, but you have to be

435
00:25:50,280 --> 00:25:54,400
Speaker 1: able to see it. And more importantly, with all these ideas,

436
00:25:54,880 --> 00:25:59,119
Speaker 1: you have to manage and do it directly because it

437
00:25:59,320 --> 00:26:02,960
Speaker 1: takes you know, for instance, you go in Hollywood, you

438
00:26:03,119 --> 00:26:05,879
Speaker 1: have to hop you know, hire the right the right

439
00:26:06,160 --> 00:26:10,159
Speaker 1: uh you know, producers and they would managers back can

440
00:26:10,240 --> 00:26:15,119
Speaker 1: come in and the expert because it's so important that

441
00:26:15,359 --> 00:26:18,800
Speaker 1: you have greatness, you know, and your overall aspect of

442
00:26:18,920 --> 00:26:22,080
Speaker 1: what you're doing. And so you know, I look back

443
00:26:22,160 --> 00:26:25,280
Speaker 1: to Pete Rosel and I see what Pete did. And

444
00:26:25,520 --> 00:26:27,919
Speaker 1: you know, when Monday night football started, people thought, well,

445
00:26:27,920 --> 00:26:31,359
Speaker 1: who's gonna watch football on Monday? That's crazy, you know,

446
00:26:31,800 --> 00:26:35,280
Speaker 1: I mean, but but ruined our religion. Pete and and

447
00:26:35,520 --> 00:26:39,040
Speaker 1: and and they had a vision. And Pete was the

448
00:26:39,119 --> 00:26:42,360
Speaker 1: greatest commissioner that ever existed. You know, he was special.

449
00:26:42,840 --> 00:26:45,720
Speaker 1: And so you you look for the Steve jobs, You

450
00:26:45,800 --> 00:26:48,320
Speaker 1: look for the people that that have that great vision.

451
00:26:48,680 --> 00:26:51,440
Speaker 1: And to go vertical, like you said, you have to

452
00:26:51,560 --> 00:26:55,399
Speaker 1: think big and and you I have to also have

453
00:26:55,720 --> 00:27:00,240
Speaker 1: the expert in in who reports to who, and make

454
00:27:00,320 --> 00:27:03,119
Speaker 1: sure your supervisors all the way through and through that

455
00:27:03,280 --> 00:27:05,920
Speaker 1: you don't have weak links because you know that that's

456
00:27:05,960 --> 00:27:09,520
Speaker 1: what makes a great corporation. But but look, you know

457
00:27:09,960 --> 00:27:13,440
Speaker 1: we we gross twenty two billion dollars this year. We

458
00:27:13,520 --> 00:27:17,000
Speaker 1: should be grossing a hundred billion dollars eventually. I mean,

459
00:27:17,400 --> 00:27:20,720
Speaker 1: you know what wise Amazon grows four hundred billions. I

460
00:27:20,840 --> 00:27:23,600
Speaker 1: mean we we can do that. I mean we should

461
00:27:23,600 --> 00:27:28,160
Speaker 1: be doing multiple, multiple things and growing, continuing to grow.

462
00:27:28,680 --> 00:27:31,280
Speaker 1: You know, are you know because all all boats in

463
00:27:31,359 --> 00:27:34,760
Speaker 1: the Harvard gets raised when you have massive gross revenues

464
00:27:34,800 --> 00:27:38,159
Speaker 1: that are coming in. And now if you're at fifty billion,

465
00:27:38,320 --> 00:27:40,960
Speaker 1: eighty billion dollars a harder billion, you know, now you're

466
00:27:41,119 --> 00:27:44,159
Speaker 1: entering a different theater. And that's the theater we should

467
00:27:44,200 --> 00:27:47,640
Speaker 1: be in, because you know, look at the the good

468
00:27:47,760 --> 00:27:50,639
Speaker 1: is the enemy of the great. People say, well, you

469
00:27:50,720 --> 00:27:53,160
Speaker 1: know they have about so great. Look at that TV

470
00:27:53,320 --> 00:27:56,440
Speaker 1: contract they signed. You know, the Broncos just went for

471
00:27:56,600 --> 00:27:59,399
Speaker 1: five billion dollars, isn't that? You know? Boy? Things are

472
00:28:00,160 --> 00:28:02,119
Speaker 1: I don't look at it that way. I look at

473
00:28:02,160 --> 00:28:05,040
Speaker 1: what we can. I look at I look at other

474
00:28:05,160 --> 00:28:08,560
Speaker 1: corporations and see how they're built. I look at McDonald's.

475
00:28:08,800 --> 00:28:10,879
Speaker 1: I look, I mean the same thing with mcdowas. When

476
00:28:11,000 --> 00:28:13,440
Speaker 1: Ray CrOx started, he was confused, You're not in the

477
00:28:13,560 --> 00:28:16,720
Speaker 1: restaurant business. You're the real estates. I mean, that's what

478
00:28:16,880 --> 00:28:20,920
Speaker 1: made him wealthy, the restaurant business. He wasn't making any

479
00:28:21,000 --> 00:28:23,760
Speaker 1: money until a smart guy came in and said, you

480
00:28:23,840 --> 00:28:26,840
Speaker 1: don't understand you're you're in the real estate business. And

481
00:28:26,920 --> 00:28:31,320
Speaker 1: everything changed and McDonald's became what they became. So these

482
00:28:31,400 --> 00:28:34,440
Speaker 1: things happened, and the vision has to be there. Um,

483
00:28:35,160 --> 00:28:38,120
Speaker 1: you know, I'm sixty three, so hopefully I'll be around

484
00:28:38,200 --> 00:28:43,400
Speaker 1: for a good part of It's the next generation, you know,

485
00:28:43,800 --> 00:28:45,680
Speaker 1: I mean, you just you know, you want to see

486
00:28:45,760 --> 00:28:48,720
Speaker 1: this thing. I mean our foe or fathers, because you know,

487
00:28:48,800 --> 00:28:51,320
Speaker 1: George Hollis was at my wedding when I got married,

488
00:28:51,640 --> 00:28:54,480
Speaker 1: the founder of the National Football League in nineteen eight

489
00:28:54,680 --> 00:28:57,240
Speaker 1: was at my wedding in a wheelchair in Chicago. And

490
00:28:57,360 --> 00:28:59,680
Speaker 1: that's like, you know, you know, Biden said, and well,

491
00:28:59,720 --> 00:29:03,000
Speaker 1: George Washington was at my wedding, you know, So I mean,

492
00:29:03,160 --> 00:29:07,719
Speaker 1: I my dad at Chicago. And he put that hundred

493
00:29:07,800 --> 00:29:11,600
Speaker 1: IOU in Canton, Ohio back in nineteen twenty with the

494
00:29:11,680 --> 00:29:15,120
Speaker 1: other six owners when there were seven of them and

495
00:29:15,280 --> 00:29:18,400
Speaker 1: started you know, the National Football League and professional football

496
00:29:19,040 --> 00:29:22,000
Speaker 1: and you know, no one can quite believe. I've watched

497
00:29:22,080 --> 00:29:26,640
Speaker 1: owners coming after new TV contracts back in nineteen eight, five,

498
00:29:26,800 --> 00:29:30,760
Speaker 1: nineteen and the wonderment going, my god, can you believe

499
00:29:30,840 --> 00:29:33,920
Speaker 1: we just you know, we just signed this television contract

500
00:29:34,160 --> 00:29:36,680
Speaker 1: twenty million dollars. I mean, look at we bought the

501
00:29:36,800 --> 00:29:39,920
Speaker 1: Rams for nineteen million, you know, fifty one years ago

502
00:29:39,960 --> 00:29:42,720
Speaker 1: and traded them for the Baltimore Posts and four point

503
00:29:42,800 --> 00:29:46,160
Speaker 1: five millions, so we ultimately played fourteen point five million

504
00:29:46,720 --> 00:29:49,240
Speaker 1: for the Baltimore Post. That's so that was that was

505
00:29:49,280 --> 00:29:52,720
Speaker 1: a hundred percent getting in this league. And now that

506
00:29:53,040 --> 00:29:55,680
Speaker 1: that doesn't even pay Matt Ryan for you know, half

507
00:29:55,760 --> 00:30:01,640
Speaker 1: a season, so you know it gaged massively. UM. And uh,

508
00:30:02,080 --> 00:30:04,360
Speaker 1: you know, we're gonna have to be great going forward

509
00:30:04,440 --> 00:30:07,960
Speaker 1: and think differently. You can't. You have to continue to

510
00:30:08,120 --> 00:30:12,040
Speaker 1: change your thinking, um as you go forward and and

511
00:30:12,240 --> 00:30:15,120
Speaker 1: and there's big opportunities for us, but we're gonna have

512
00:30:15,360 --> 00:30:18,719
Speaker 1: to be great. I know there there's some other owners,

513
00:30:18,760 --> 00:30:21,640
Speaker 1: I know, Jerry Jones and others you know see things

514
00:30:21,840 --> 00:30:25,960
Speaker 1: uh similarly as I do. UM. And you know you

515
00:30:26,040 --> 00:30:29,360
Speaker 1: can't do it overnight. But you know all these things

516
00:30:29,880 --> 00:30:33,160
Speaker 1: are are growing and we have to you know early

517
00:30:33,280 --> 00:30:37,320
Speaker 1: on you've been missed opportunities. You cannot give up your

518
00:30:37,400 --> 00:30:41,080
Speaker 1: equity ownership you have to maintain. If you don't, you

519
00:30:41,160 --> 00:30:43,640
Speaker 1: don't have to throw the risk off saying well, we

520
00:30:43,680 --> 00:30:45,600
Speaker 1: don't want to take all the risk, you know we

521
00:30:45,800 --> 00:30:48,680
Speaker 1: we we better split this and get fifty fifty partners. No,

522
00:30:48,920 --> 00:30:51,880
Speaker 1: thank you. I don't people want to partner with us

523
00:30:51,960 --> 00:30:54,800
Speaker 1: with the NFL brand. There's no greater brand in the

524
00:30:54,880 --> 00:31:01,240
Speaker 1: country than the NFL brand, there, you know. And and

525
00:31:01,480 --> 00:31:06,640
Speaker 1: so um, you don't want to give away what you're

526
00:31:06,720 --> 00:31:10,360
Speaker 1: earning yourself, what you work so hard um to make.

527
00:31:10,480 --> 00:31:14,280
Speaker 1: And I think you know when when you start going vertical,

528
00:31:14,400 --> 00:31:17,440
Speaker 1: like you said, Starlett, you have to really protect and

529
00:31:17,560 --> 00:31:22,720
Speaker 1: make sure you're keeping control and complete ownership of these

530
00:31:22,800 --> 00:31:27,000
Speaker 1: things in going forward, because um, a lot of times

531
00:31:27,400 --> 00:31:30,960
Speaker 1: you missed out. There's only so many opportunities going forward.

532
00:31:30,960 --> 00:31:33,520
Speaker 1: I mean that just don't come along all the time. Um,

533
00:31:33,640 --> 00:31:36,160
Speaker 1: and you got to see them when the moment's right. Jimmy,

534
00:31:36,240 --> 00:31:38,040
Speaker 1: really do sound more fired up than ever. And as

535
00:31:38,080 --> 00:31:39,840
Speaker 1: we're about to wrap up, I have to ask this,

536
00:31:40,960 --> 00:31:43,600
Speaker 1: in the hypothetical situation, who do you think is the

537
00:31:43,680 --> 00:31:46,320
Speaker 1: next team to go on the sale block and hYP

538
00:31:46,640 --> 00:31:49,520
Speaker 1: hypothetical sale, how much do you think the coast would

539
00:31:49,520 --> 00:31:54,880
Speaker 1: be worth? Um? Just of any team that might be

540
00:31:55,440 --> 00:31:59,360
Speaker 1: stold coming up? Which team you know there's gonna be

541
00:32:00,200 --> 00:32:05,160
Speaker 1: a few, um, you know, Seattle UM with Paul Allen,

542
00:32:05,240 --> 00:32:09,480
Speaker 1: my friend unfortunately passing away UM and that teams in

543
00:32:09,520 --> 00:32:12,560
Speaker 1: the trust and and it's going to be becoming available.

544
00:32:13,040 --> 00:32:16,720
Speaker 1: I would imagine around two thousand, twenties four Range UM.

545
00:32:17,040 --> 00:32:19,520
Speaker 1: And that's that's a you know, a great market and

546
00:32:19,560 --> 00:32:23,840
Speaker 1: a great franchise and a twelve plan and everything down there. Um.

547
00:32:24,440 --> 00:32:27,520
Speaker 1: So you know, I I really see looking. I mean

548
00:32:27,640 --> 00:32:30,040
Speaker 1: I tell I told Rob Walton, you know, son of

549
00:32:30,600 --> 00:32:34,560
Speaker 1: Sam Walton seventy seven. I said, Rob, and we just

550
00:32:34,760 --> 00:32:36,560
Speaker 1: you know, had a meeting to welcome into the league.

551
00:32:36,760 --> 00:32:39,400
Speaker 1: I'm a finance committee. I said, I'm gonna tell you

552
00:32:39,480 --> 00:32:42,840
Speaker 1: the same thing I've told every owner over the decades

553
00:32:42,920 --> 00:32:45,600
Speaker 1: and decades and decades that I've seen come in. I said,

554
00:32:45,960 --> 00:32:48,880
Speaker 1: You'll never regret the price you just paid for that team.

555
00:32:49,160 --> 00:32:52,120
Speaker 1: He'll thank you lucky stars every single time. Because I

556
00:32:52,200 --> 00:32:55,520
Speaker 1: haven't met one man or woman who's coming the league

557
00:32:55,560 --> 00:32:57,840
Speaker 1: over the last time or two years that's looked back

558
00:32:57,920 --> 00:33:00,800
Speaker 1: and said, wow, I pay two much. The fact is

559
00:33:00,880 --> 00:33:04,240
Speaker 1: you don't pay enough. I mean because the Broncos really,

560
00:33:04,360 --> 00:33:06,640
Speaker 1: if you want to say, you know, what were they

561
00:33:06,720 --> 00:33:09,840
Speaker 1: really worth, I'd say, you know, anyone that got them

562
00:33:09,880 --> 00:33:12,200
Speaker 1: for eight billion dollars to get the heck of a deal,

563
00:33:12,600 --> 00:33:14,760
Speaker 1: you know. And that's just the way it is, because

564
00:33:15,240 --> 00:33:18,520
Speaker 1: you know, I I know where franchise values are going.

565
00:33:19,160 --> 00:33:22,920
Speaker 1: And you know, again the power of the brand that

566
00:33:23,040 --> 00:33:25,600
Speaker 1: you get, so you know, the Seahawks, um, you know

567
00:33:25,680 --> 00:33:31,480
Speaker 1: will probably uh become available. Um. And uh, you know

568
00:33:31,640 --> 00:33:33,960
Speaker 1: one thing uh you know we do know is is

569
00:33:34,080 --> 00:33:38,240
Speaker 1: there's a high interest out there. Um that people that

570
00:33:38,360 --> 00:33:41,000
Speaker 1: fell short of the Broncos. There is some really great

571
00:33:41,480 --> 00:33:44,640
Speaker 1: people that are capable. The problem now it's finding people

572
00:33:44,680 --> 00:33:47,720
Speaker 1: that have the network that can actually buy a team.

573
00:33:47,760 --> 00:33:51,120
Speaker 1: I mean it's very difficult, you know. I mean, if

574
00:33:51,160 --> 00:33:54,600
Speaker 1: you bought one percent of the Denver Broncos, I mean

575
00:33:55,200 --> 00:33:59,080
Speaker 1: you know, I mean you're talking about a huge number,

576
00:33:59,280 --> 00:34:02,640
Speaker 1: you know, fifty million dollars I mean for one percent.

577
00:34:02,840 --> 00:34:06,560
Speaker 1: I mean, Um, is that cash on hand or does

578
00:34:06,600 --> 00:34:10,560
Speaker 1: that need to be financing? Well, you know, most of

579
00:34:10,600 --> 00:34:13,880
Speaker 1: the time Um, you know, with our dead sealing and

580
00:34:14,280 --> 00:34:18,040
Speaker 1: our restrictions were we're we're pretty tight. When we had

581
00:34:18,560 --> 00:34:22,320
Speaker 1: Billy Sullivan and Leonard Tulas almost go under which you

582
00:34:22,400 --> 00:34:25,960
Speaker 1: know the other owners would have had to cover, we

583
00:34:26,120 --> 00:34:28,120
Speaker 1: put in the dead ceiling. When we got in the lead.

584
00:34:28,200 --> 00:34:31,239
Speaker 1: There was no debt deal you know, Um, we had

585
00:34:31,719 --> 00:34:34,320
Speaker 1: our debt was was in the tune of about you know,

586
00:34:34,440 --> 00:34:38,440
Speaker 1: seventy percent of the whole franchise li in commercial real estate. No.

587
00:34:38,680 --> 00:34:42,560
Speaker 1: I mean, now it's very restricted, you know. I mean,

588
00:34:43,000 --> 00:34:45,479
Speaker 1: you know, the dead sealing is keeping you roughly close

589
00:34:45,520 --> 00:34:48,960
Speaker 1: to around almost ten percent. Ten percent is the map.

590
00:34:48,960 --> 00:34:51,880
Speaker 1: I mean, that's unprested in any business. You can't borrow

591
00:34:51,960 --> 00:34:54,239
Speaker 1: more than ten percent of your acuity. I mean no

592
00:34:54,320 --> 00:34:57,919
Speaker 1: one had but but but that really restricts. Now, there's

593
00:34:57,960 --> 00:35:02,040
Speaker 1: exceptions for stadium building and that sort of thing. But um,

594
00:35:02,560 --> 00:35:04,719
Speaker 1: you know, it's a big world out there. I mean

595
00:35:05,200 --> 00:35:07,800
Speaker 1: Stan Crockey went and proved that he built that statium

596
00:35:07,840 --> 00:35:10,800
Speaker 1: for six billion dollars. There's no stadium like it in

597
00:35:10,880 --> 00:35:14,520
Speaker 1: the world. But that's what people expect of Los Angeles. Um,

598
00:35:15,000 --> 00:35:18,759
Speaker 1: you know, in the NFL and so um. But it

599
00:35:18,880 --> 00:35:22,279
Speaker 1: becomes more difficult to to build these stadiums as well,

600
00:35:22,880 --> 00:35:26,879
Speaker 1: because you have to ask yourself, Okay, you know, am

601
00:35:26,960 --> 00:35:29,480
Speaker 1: I going to be able to to look at the

602
00:35:29,960 --> 00:35:34,080
Speaker 1: financial flows of what the states? Is it worth? You know?

603
00:35:34,160 --> 00:35:36,160
Speaker 1: If now I have to build a statium and it's

604
00:35:36,280 --> 00:35:40,040
Speaker 1: three and a half four billion dollars, is that worth

605
00:35:40,160 --> 00:35:44,239
Speaker 1: it to me? You know? And there's public private partnerships.

606
00:35:44,280 --> 00:35:46,759
Speaker 1: There's being one created in Buffalo right now. We have

607
00:35:46,920 --> 00:35:49,120
Speaker 1: to have a great one here. You have to have

608
00:35:49,239 --> 00:35:52,200
Speaker 1: it some smaller markets or it doesn't work. But um,

609
00:35:52,680 --> 00:35:57,200
Speaker 1: again it's um, you know, it's all good news. The

610
00:35:57,719 --> 00:36:02,680
Speaker 1: only question really is um, honestly is when you buy

611
00:36:02,760 --> 00:36:08,839
Speaker 1: a team, I think that you really are never gonna

612
00:36:08,880 --> 00:36:12,279
Speaker 1: be looking back and someone like me, the values really

613
00:36:12,320 --> 00:36:15,120
Speaker 1: don't matter, because you know, it's great to see I

614
00:36:15,239 --> 00:36:18,799
Speaker 1: have a fourth generation now. My granddaughter is working training camp,

615
00:36:19,200 --> 00:36:22,480
Speaker 1: So I see the fourth generation of an NFL team

616
00:36:22,520 --> 00:36:26,120
Speaker 1: out there working. Note. Organization has more than that, whether

617
00:36:26,200 --> 00:36:30,719
Speaker 1: it's tameras or the houses or anything. So you know,

618
00:36:30,840 --> 00:36:34,880
Speaker 1: George McCaskey runs affairs is third generation, as you know,

619
00:36:35,000 --> 00:36:38,560
Speaker 1: George House's grandson. But um, you know, so it's great,

620
00:36:38,960 --> 00:36:41,320
Speaker 1: you know, to to see that lineage in in the

621
00:36:41,440 --> 00:36:45,920
Speaker 1: league and to see you know, I'm blessed because my business,

622
00:36:46,200 --> 00:36:48,960
Speaker 1: all my businesses are private and I own a hundred

623
00:36:49,000 --> 00:36:51,400
Speaker 1: percent and I have no purse, you know, because I

624
00:36:51,440 --> 00:36:53,680
Speaker 1: don't have any brothers and sisters. They died when I

625
00:36:53,800 --> 00:36:57,720
Speaker 1: was young, and so you know, basically, you know, my team,

626
00:36:58,040 --> 00:37:01,040
Speaker 1: you know, is run that way and we're able to

627
00:37:01,160 --> 00:37:05,680
Speaker 1: cultivate a family atmosphere. And it's a special thing because

628
00:37:06,160 --> 00:37:08,600
Speaker 1: a lot of you know, businesses that get as big

629
00:37:08,680 --> 00:37:11,960
Speaker 1: as we are don't don't have that that real personal

630
00:37:12,080 --> 00:37:16,000
Speaker 1: touch to it. So you're blessed, um. But there's other

631
00:37:16,080 --> 00:37:19,440
Speaker 1: teams that are that are run more with multiple partners.

632
00:37:19,680 --> 00:37:22,000
Speaker 1: And uh, you know, I was glad to see my

633
00:37:22,160 --> 00:37:25,920
Speaker 1: friend Conna Lisa Rice have a very small percent but

634
00:37:26,080 --> 00:37:28,640
Speaker 1: still getting involved with the Denver Broncos because she was

635
00:37:28,760 --> 00:37:31,480
Speaker 1: with me at our forty game last year and she's

636
00:37:31,520 --> 00:37:32,920
Speaker 1: been a great friend. And let me tell you, you

637
00:37:34,040 --> 00:37:37,520
Speaker 1: don't want to match your football hum against Conna Lisa Rice.

638
00:37:37,920 --> 00:37:41,919
Speaker 1: He knows football, I'm telling you. I mean, she had

639
00:37:42,000 --> 00:37:44,320
Speaker 1: me up against the ropes. I said, how did you

640
00:37:44,480 --> 00:37:47,480
Speaker 1: learn this game so much? Condie? It's like, well, you know,

641
00:37:47,680 --> 00:37:50,120
Speaker 1: I love this as others a kid, and my dad

642
00:37:50,239 --> 00:37:53,480
Speaker 1: loved it, and so you know, it's remarkable. But it's

643
00:37:53,520 --> 00:37:55,920
Speaker 1: great to have her in the league. And and so

644
00:37:56,600 --> 00:37:59,120
Speaker 1: it's exciting. You know, you've missed the old owners that

645
00:37:59,280 --> 00:38:02,360
Speaker 1: go um a lot more like uncles to me, and

646
00:38:02,600 --> 00:38:06,000
Speaker 1: and they were great mentors. But but it's exciting to

647
00:38:06,120 --> 00:38:07,960
Speaker 1: see the new ones come in the room looking. I

648
00:38:08,080 --> 00:38:11,200
Speaker 1: was in the room when Jerry Jones came in at

649
00:38:11,320 --> 00:38:14,279
Speaker 1: and here he comes. Pete Rose was a commissioner. I'm

650
00:38:14,360 --> 00:38:16,480
Speaker 1: Jerry Jones, you know what was my family. I was

651
00:38:16,520 --> 00:38:19,640
Speaker 1: in the room win biographic in the nine four, you know,

652
00:38:20,000 --> 00:38:22,239
Speaker 1: I mean you see him coming and seeing them go.

653
00:38:22,360 --> 00:38:25,120
Speaker 1: If you're me, there's no one left in the Owner's meetings,

654
00:38:25,160 --> 00:38:28,480
Speaker 1: am or except myself. The only one left is Mike Brown.

655
00:38:28,600 --> 00:38:32,000
Speaker 1: Mike's about eighty seven out of the Bengals, son of

656
00:38:32,080 --> 00:38:35,280
Speaker 1: Paul Brown, but he's not really getting the meetings anymore.

657
00:38:35,800 --> 00:38:38,120
Speaker 1: But when I started, there's no one left. I mean,

658
00:38:38,200 --> 00:38:40,439
Speaker 1: there's no one left in the room. We're all gone.

659
00:38:40,560 --> 00:38:42,279
Speaker 1: I'm glad we've been able to get this, you know,

660
00:38:42,440 --> 00:38:46,320
Speaker 1: wealth of knowledge. Uh, this has been a fantastic conversation.

661
00:38:46,440 --> 00:38:49,000
Speaker 1: And this has been Mr Earth say, the owner of

662
00:38:49,080 --> 00:38:51,480
Speaker 1: the indian Apples Coats has been a pleasure. Thank you

663
00:38:51,560 --> 00:38:53,680
Speaker 1: so much for joining us on Bloomberg Business of Sports

664
00:38:53,680 --> 00:38:56,760
Speaker 1: Show today. You can learn more about the Families Mental

665
00:38:56,840 --> 00:38:59,680
Speaker 1: Health initiative by going to Coast dot com. So that's

666
00:38:59,719 --> 00:39:03,080
Speaker 1: comm need slash kicking the stigma. Mr er say, thank you.

667
00:39:03,120 --> 00:39:06,239
Speaker 1: I appreciate this well, thank you guys so much. I

668
00:39:06,360 --> 00:39:11,040
Speaker 1: really enjoyed the conversation and and and I certainly love Bloomberg.

669
00:39:11,120 --> 00:39:13,640
Speaker 1: You guys do a great job. So you know, I

670
00:39:13,680 --> 00:39:16,600
Speaker 1: appreciate you guys taking the time and uh hopefully have

671
00:39:16,680 --> 00:39:19,279
Speaker 1: a chance to meet you some guys someday down the track.

672
00:39:19,600 --> 00:39:21,400
Speaker 1: Of course. Of course this is your second home here.

673
00:39:21,480 --> 00:39:24,520
Speaker 1: Thank you so much. Jim Ersy, CEO and owner of

674
00:39:24,600 --> 00:39:27,600
Speaker 1: the Indianapolis Colton. I feel like that was Jim Ersey,

675
00:39:27,920 --> 00:39:30,960
Speaker 1: you know, unfiltered. Yeah, I think just us getting him

676
00:39:31,120 --> 00:39:33,960
Speaker 1: in that kind of raw you know, era like I

677
00:39:34,080 --> 00:39:35,719
Speaker 1: kind of I kind of like that context, if you guys,

678
00:39:35,760 --> 00:39:38,000
Speaker 1: especially going back to the seventies and eighties and the

679
00:39:38,040 --> 00:39:40,359
Speaker 1: fact that he's looking he sounds more ambitious than ever

680
00:39:40,480 --> 00:39:42,680
Speaker 1: to even think about vertical integration. The way that he

681
00:39:43,000 --> 00:39:46,280
Speaker 1: starts to mention Yeah, he was definitely saying that they shouldn't.

682
00:39:46,400 --> 00:39:48,520
Speaker 1: The NFL should not be putting limits on its growth

683
00:39:49,000 --> 00:39:51,239
Speaker 1: um and should not be looking for others to pick

684
00:39:51,360 --> 00:39:53,880
Speaker 1: up the distribution issues when they can figure all of

685
00:39:53,920 --> 00:39:56,160
Speaker 1: that out themselves directed consumer. Like you said, they do

686
00:39:56,320 --> 00:39:58,279
Speaker 1: have the money too, and because essentially what they've been

687
00:39:58,320 --> 00:40:00,560
Speaker 1: doing is licensing their content out there, now it looks

688
00:40:00,560 --> 00:40:01,960
Speaker 1: like they want to retain a lot of that. I

689
00:40:02,120 --> 00:40:05,560
Speaker 1: p yep exactly. Cameron, A big, big thank you for

690
00:40:05,719 --> 00:40:09,719
Speaker 1: joining us as both an interviewee and an interviewer on

691
00:40:09,840 --> 00:40:11,880
Speaker 1: this episode. Really appreciate it and we look forward to

692
00:40:12,000 --> 00:40:13,719
Speaker 1: working with you again. Thank you so much for having me.

693
00:40:13,719 --> 00:40:15,600
Speaker 1: I'll allow to do it again. This is the Bloomberg

694
00:40:15,640 --> 00:40:18,040
Speaker 1: Business of Sports show. We are here for you each

695
00:40:18,160 --> 00:40:20,040
Speaker 1: and every week at the same time and of course

696
00:40:20,120 --> 00:40:22,560
Speaker 1: online wherever you get your podcasts, and you can catch

697
00:40:22,640 --> 00:40:25,719
Speaker 1: those on Mondays, Wednesdays and Thursdays. You can find me

698
00:40:25,800 --> 00:40:28,440
Speaker 1: on Twitter at Scarlett Foe and I'm Cameron Leach on

699
00:40:28,560 --> 00:40:31,440
Speaker 1: Twitter at K A M A R o in. Thank

700
00:40:31,480 --> 00:40:33,200
Speaker 1: you so much for joining us, and of course tune

701
00:40:33,239 --> 00:40:35,080
Speaker 1: in next week for the latest on the stories moving

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00:40:35,160 --> 00:40:37,440
Speaker 1: big money in the world of sports. You're listening to

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00:40:37,480 --> 00:40:40,319
Speaker 1: Bloomberg Business of Sports from Bloomberg Radio around the world.