1 00:00:01,000 --> 00:00:03,600 Speaker 1: This is Bloomberg Business of Sports. 2 00:00:03,760 --> 00:00:07,520 Speaker 2: Sports is business, and whenever you are procuring talent, you 3 00:00:07,720 --> 00:00:09,280 Speaker 2: must start with the criteria. 4 00:00:09,360 --> 00:00:12,200 Speaker 3: Being owners of this league and wanting our lead to 5 00:00:12,240 --> 00:00:13,440 Speaker 3: be the best in the world. 6 00:00:13,520 --> 00:00:14,600 Speaker 4: How do we make it better? 7 00:00:14,640 --> 00:00:16,880 Speaker 5: The valuations are getting so high, the list of people 8 00:00:16,920 --> 00:00:19,040 Speaker 5: who could purchase a team that was getting really short. 9 00:00:19,079 --> 00:00:21,560 Speaker 2: We have eight strategic investment areas. When you look at 10 00:00:21,560 --> 00:00:23,919 Speaker 2: the world of sports, MBA's already in two hundred and 11 00:00:23,920 --> 00:00:25,079 Speaker 2: ten countries around the world. 12 00:00:25,280 --> 00:00:28,440 Speaker 6: NFL is an amazing thing for the sports betting industry. 13 00:00:28,560 --> 00:00:30,760 Speaker 7: We have the world upcoming in twenty twenty six in 14 00:00:30,840 --> 00:00:31,560 Speaker 7: North America. 15 00:00:31,720 --> 00:00:33,280 Speaker 8: Hey, if I get a million dollars, We're going to 16 00:00:33,320 --> 00:00:35,120 Speaker 8: a school teresting. How'll be there? 17 00:00:35,120 --> 00:00:38,519 Speaker 1: Bloomberg Business of Sports from Bloomberg Radio. 18 00:00:39,320 --> 00:00:42,320 Speaker 8: This is the Bloomberg Business of Sports show, where we 19 00:00:42,400 --> 00:00:44,640 Speaker 8: explore the big money issues in the world of sports. 20 00:00:44,640 --> 00:00:47,400 Speaker 8: I'm michae lebar on the show. Today we take a 21 00:00:47,440 --> 00:00:50,760 Speaker 8: look back at some of our favorite conversations of the 22 00:00:50,800 --> 00:00:55,240 Speaker 8: past year. We'll hear from NFL Hall of Fame running 23 00:00:55,280 --> 00:00:59,600 Speaker 8: back Barry Sanders, Clutch Sports founder Rich Paul, and Vince 24 00:00:59,640 --> 00:01:03,400 Speaker 8: Jenne on show. Hey, O Tunny's blockbuster move to well 25 00:01:04,040 --> 00:01:06,560 Speaker 8: the other side of Los Angeles. It is all straight 26 00:01:06,600 --> 00:01:10,680 Speaker 8: ahead on this special New Year's edition of The Bloomberg 27 00:01:10,720 --> 00:01:14,040 Speaker 8: Business of Sports. But first we kick things off with soccer. 28 00:01:14,560 --> 00:01:17,120 Speaker 8: It was a big year for the world's game, with 29 00:01:17,280 --> 00:01:22,040 Speaker 8: superstar Lionel Messi coming to the US and joining MIAMIFC, 30 00:01:22,120 --> 00:01:25,479 Speaker 8: and of course the Women's FIFA World Cup played over 31 00:01:25,520 --> 00:01:28,679 Speaker 8: the summer. It wasn't long after the Cup ended That's 32 00:01:28,680 --> 00:01:33,640 Speaker 8: Scarlet Food Damien Sasaur and special guest host Vanessa Perdomo 33 00:01:34,080 --> 00:01:37,399 Speaker 8: spoke with two time Olympic gold medalist and two time 34 00:01:37,440 --> 00:01:40,959 Speaker 8: Women's World Cup winner Mia Hamm. Let's listen to a 35 00:01:41,000 --> 00:01:44,320 Speaker 8: bit of that conversation, starting with how Mia has made 36 00:01:44,360 --> 00:01:47,640 Speaker 8: the transition from soccer pro to soccer mom. 37 00:01:47,960 --> 00:01:49,920 Speaker 3: It was funny my husband and I were just talking 38 00:01:49,960 --> 00:01:53,040 Speaker 3: about this because we were laughing over like do you 39 00:01:53,160 --> 00:01:54,960 Speaker 3: exercise now, do you work out? 40 00:01:55,120 --> 00:01:55,720 Speaker 4: Do you train? 41 00:01:56,000 --> 00:01:58,400 Speaker 3: And what are all the differences? What do they mean? 42 00:01:58,720 --> 00:02:02,000 Speaker 3: And I was like, yeah, well training meant your entire. 43 00:02:01,880 --> 00:02:03,920 Speaker 4: Day was dedicated to what you did. 44 00:02:04,160 --> 00:02:06,880 Speaker 3: Now that you have kids, it's like you just exercise, 45 00:02:07,040 --> 00:02:09,119 Speaker 3: you try to figure out what. 46 00:02:08,919 --> 00:02:11,680 Speaker 4: You can physically do in the day that. 47 00:02:12,160 --> 00:02:16,200 Speaker 3: Correlates to some type of exercise, whether that's like dropping 48 00:02:16,200 --> 00:02:19,320 Speaker 3: your kid off at a practice and then just walking 49 00:02:19,360 --> 00:02:23,560 Speaker 3: around the block for thirty minutes. Once you have kids, 50 00:02:23,720 --> 00:02:27,520 Speaker 3: everything is about them, where when I was playing, it 51 00:02:27,639 --> 00:02:31,960 Speaker 3: was everything I did was about my performance and helping 52 00:02:32,000 --> 00:02:35,320 Speaker 3: the team performance best. Ten to twelve hours a day, 53 00:02:35,440 --> 00:02:40,120 Speaker 3: you're committed to your own performance and maximizing that so 54 00:02:40,160 --> 00:02:42,560 Speaker 3: you can make yourself as good as of an athlete, 55 00:02:42,560 --> 00:02:45,799 Speaker 3: as a soccer player as possible, and trying to make 56 00:02:45,840 --> 00:02:48,160 Speaker 3: your team the best team it can be. 57 00:02:48,440 --> 00:02:50,960 Speaker 9: Scarlett, can you imagine Mia him getting her work up 58 00:02:50,960 --> 00:02:54,040 Speaker 9: by stretching at after school pick up? And by the way, 59 00:02:54,240 --> 00:02:57,040 Speaker 9: MIA's husband just isn't any husband. This is no mongar. 60 00:02:57,200 --> 00:02:58,560 Speaker 9: See a power of form of shorts up for the 61 00:02:58,600 --> 00:03:01,040 Speaker 9: Boston Red Sox we're talking about. But Mia, you know, 62 00:03:01,200 --> 00:03:02,960 Speaker 9: let me just ask you one thing. In between all 63 00:03:03,000 --> 00:03:05,800 Speaker 9: of these post retirement life you have. You're also a 64 00:03:05,880 --> 00:03:09,359 Speaker 9: co owner of the defending champion Los Angeles FC. But 65 00:03:09,400 --> 00:03:11,280 Speaker 9: I mean, what's it like to be the owner of 66 00:03:11,320 --> 00:03:12,520 Speaker 9: a championship football club. 67 00:03:12,680 --> 00:03:13,720 Speaker 4: It's been a lot of fun. 68 00:03:13,880 --> 00:03:18,079 Speaker 3: I mean, you know, our ownership group and the managing 69 00:03:18,120 --> 00:03:21,440 Speaker 3: partners are incredible and their commitment not just to the 70 00:03:21,480 --> 00:03:25,720 Speaker 3: product on the field, but our community and understanding that 71 00:03:26,280 --> 00:03:29,680 Speaker 3: it's a lifelong legacy that we're trying to leave for 72 00:03:30,080 --> 00:03:33,040 Speaker 3: the city of Los Angeles. It's something we want our 73 00:03:33,080 --> 00:03:36,800 Speaker 3: supporters to be proud of every single time they come 74 00:03:36,840 --> 00:03:42,360 Speaker 3: into our stadium and or watch LAFC compete. You know, 75 00:03:42,400 --> 00:03:46,400 Speaker 3: we talk about our supporter section, the thirty two fifty two. 76 00:03:46,600 --> 00:03:51,200 Speaker 4: That's our heartbeat. That's the energy that in a long season, 77 00:03:52,000 --> 00:03:53,040 Speaker 4: they provide. 78 00:03:52,640 --> 00:03:55,800 Speaker 3: The energy and they show up every single match, both 79 00:03:55,800 --> 00:03:58,960 Speaker 3: home and away. You know, not just with LAFC, but 80 00:03:59,120 --> 00:04:02,320 Speaker 3: Angel City. We're part of that ownership group, so it's 81 00:04:02,400 --> 00:04:04,520 Speaker 3: managing schedules as well. 82 00:04:04,960 --> 00:04:07,640 Speaker 6: Me I'm so glad you mentioned Angel City because it 83 00:04:07,680 --> 00:04:10,760 Speaker 6: has a very unique business model. I mean, first of all, 84 00:04:11,360 --> 00:04:14,360 Speaker 6: women majority owned. There are a lot of celebrities involved 85 00:04:14,360 --> 00:04:17,200 Speaker 6: in Natalie Portman being one of them. Alexis Ohanian not 86 00:04:17,200 --> 00:04:21,560 Speaker 6: a woman, but still married to a very accomplished female athlete. 87 00:04:22,600 --> 00:04:27,039 Speaker 6: The business model entails this ten percent sponsorship model where 88 00:04:27,080 --> 00:04:30,039 Speaker 6: each sponsor chooses a specific area of impact and works 89 00:04:30,040 --> 00:04:33,880 Speaker 6: with Angel City to identify partner organizations working on that issue. 90 00:04:34,080 --> 00:04:36,200 Speaker 6: Can you talk a little bit about that draw and 91 00:04:36,360 --> 00:04:39,920 Speaker 6: whether this is something that can be scaled or duplicated 92 00:04:39,960 --> 00:04:41,880 Speaker 6: across other professional teams. 93 00:04:42,400 --> 00:04:46,039 Speaker 3: I think it definitely can be scaled and duplicated for 94 00:04:47,080 --> 00:04:50,800 Speaker 3: you know, other teams, you know, even here in Los Angeles. 95 00:04:50,920 --> 00:04:54,239 Speaker 4: You Know, what I love is it's really easy to talk. 96 00:04:54,080 --> 00:04:58,480 Speaker 3: About Angel City and LAFC because I was saying, we're 97 00:04:58,560 --> 00:05:01,960 Speaker 3: both really committed to our community. You know, we don't 98 00:05:02,240 --> 00:05:06,480 Speaker 3: just come in and in the neighborhood of our stadium, 99 00:05:07,000 --> 00:05:10,040 Speaker 3: feel that we're there just for the two to four 100 00:05:10,080 --> 00:05:15,160 Speaker 3: hours that the preium game and post game kind of excitement, 101 00:05:15,480 --> 00:05:18,800 Speaker 3: like we're invested three hundred and sixty five days. I 102 00:05:18,839 --> 00:05:21,960 Speaker 3: think it's important. One of the things I love about 103 00:05:21,960 --> 00:05:26,719 Speaker 3: being involved in women's sports is this sense of mentorship, 104 00:05:27,240 --> 00:05:33,440 Speaker 3: creating an environment where you care about not just the game, 105 00:05:33,480 --> 00:05:35,200 Speaker 3: but the legacy that you're leaving. 106 00:05:35,480 --> 00:05:38,120 Speaker 4: And what I love is our players at Angel. 107 00:05:37,839 --> 00:05:42,760 Speaker 3: City have embraced it incredibly well, and they feel it's 108 00:05:42,839 --> 00:05:45,760 Speaker 3: part of their responsibility of being a part of this club, 109 00:05:45,760 --> 00:05:48,919 Speaker 3: but just being a part of this community, of helping 110 00:05:48,960 --> 00:05:52,760 Speaker 3: others and giving back. You know, I love the fact 111 00:05:52,800 --> 00:05:56,839 Speaker 3: that our clubs are so community focused and based there's 112 00:05:56,880 --> 00:05:59,479 Speaker 3: a lot that can still be done, and I know 113 00:05:59,600 --> 00:06:03,040 Speaker 3: other other teams are looking at us as a model 114 00:06:03,120 --> 00:06:04,760 Speaker 3: to to how to create that. 115 00:06:05,040 --> 00:06:06,760 Speaker 10: Well, yeah, I'm really glad you mentioned that. I mean, 116 00:06:06,800 --> 00:06:09,080 Speaker 10: I think it's it's something that a lot of athletes, 117 00:06:09,520 --> 00:06:12,280 Speaker 10: you know, it's just ingrained in you guys, right to 118 00:06:12,720 --> 00:06:15,560 Speaker 10: be part of the community, to be more than just 119 00:06:15,640 --> 00:06:18,920 Speaker 10: the athlete itself. You know, you have the MEAHM Foundation 120 00:06:19,240 --> 00:06:23,440 Speaker 10: that you work closely with the bone marrow transplant community. 121 00:06:23,520 --> 00:06:25,960 Speaker 10: Can you talk to us about that and your personal 122 00:06:25,960 --> 00:06:26,640 Speaker 10: connection with it. 123 00:06:27,080 --> 00:06:29,120 Speaker 4: Yeah, no, and thank you. 124 00:06:29,120 --> 00:06:32,560 Speaker 3: You know, this project has been incredibly personal for me. 125 00:06:32,720 --> 00:06:35,400 Speaker 3: You know, I've been able to partner with Insight to 126 00:06:35,520 --> 00:06:39,719 Speaker 3: raise awareness about GVHD, which is rap versus host disease, 127 00:06:40,040 --> 00:06:43,480 Speaker 3: and that's a potential complication of a bone marrow transplant. 128 00:06:43,680 --> 00:06:45,960 Speaker 4: You know, I've been an advocate for the. 129 00:06:45,880 --> 00:06:50,839 Speaker 3: Bone marrow transplant community ever since my brother became sick 130 00:06:51,120 --> 00:06:53,960 Speaker 3: and needed a bone marrow transplant, and I was kind 131 00:06:53,960 --> 00:06:57,080 Speaker 3: of in a position, my family was in a position 132 00:06:57,240 --> 00:07:00,160 Speaker 3: we didn't know what to do, where to go, and 133 00:07:00,200 --> 00:07:07,000 Speaker 3: we're incredibly grateful of the doctors and friends that kind 134 00:07:07,040 --> 00:07:11,360 Speaker 3: of gave us direction and support through the process. So 135 00:07:11,520 --> 00:07:16,680 Speaker 3: anyway I can give back to this community. And you know, 136 00:07:16,720 --> 00:07:22,720 Speaker 3: with graph versus host disease, it's really important for patients 137 00:07:22,840 --> 00:07:25,400 Speaker 3: and their families who are going through a bone marrow 138 00:07:25,400 --> 00:07:29,400 Speaker 3: transplant to kind of get as much information so post 139 00:07:29,400 --> 00:07:34,120 Speaker 3: transplant they can be proactive in their treatment. And we 140 00:07:34,280 --> 00:07:38,280 Speaker 3: talk about you know, just if anything seems off, like 141 00:07:38,360 --> 00:07:42,960 Speaker 3: if you're feeling a little sluggish or you notice a rash, you. 142 00:07:43,000 --> 00:07:46,600 Speaker 4: Know, talk to your medical team. Don't think, oh, it's 143 00:07:46,640 --> 00:07:47,320 Speaker 4: no big deal. 144 00:07:47,840 --> 00:07:52,040 Speaker 3: You know, preemptive treatment can can help you kind of 145 00:07:52,600 --> 00:07:55,760 Speaker 3: make the effects of graph versus host disease a lot less. 146 00:07:55,840 --> 00:07:58,920 Speaker 3: So we encourage people to go to GVHD now dot 147 00:07:58,920 --> 00:08:03,760 Speaker 3: com slash fan, you know, because these these patients are 148 00:08:03,760 --> 00:08:07,480 Speaker 3: in the flight of their lives and their families have 149 00:08:07,720 --> 00:08:10,680 Speaker 3: are an incredible support system for them, and we want 150 00:08:11,200 --> 00:08:13,800 Speaker 3: them to know that we're cheering for them. 151 00:08:14,200 --> 00:08:19,080 Speaker 10: Cheerleader in your corner, right, Yah him as your cheerleader. 152 00:08:19,080 --> 00:08:19,600 Speaker 11: I love it. 153 00:08:20,360 --> 00:08:22,560 Speaker 9: Well, you know, speaking of cheerleaders, Vanessa, let me build 154 00:08:22,600 --> 00:08:24,560 Speaker 9: on that. You know, I believe it was nineteen ninety nine, 155 00:08:24,640 --> 00:08:26,680 Speaker 9: you know, the FIFA's Women's World Cup, and I believe 156 00:08:26,760 --> 00:08:29,800 Speaker 9: Garrett did get to attend, you know, some of that tournament. 157 00:08:29,880 --> 00:08:32,400 Speaker 9: But I mean, you know the Rose Bowl. I mean 158 00:08:32,440 --> 00:08:35,760 Speaker 9: me and ninety thousand fans at the Rose Bowl in Pasadena, California, 159 00:08:35,800 --> 00:08:38,559 Speaker 9: two to one penalty shootout there three versus China. I mean, 160 00:08:38,840 --> 00:08:41,000 Speaker 9: do you just think about that every day? I mean 161 00:08:41,360 --> 00:08:43,120 Speaker 9: just for I mean, I mean, do you still think 162 00:08:43,200 --> 00:08:43,480 Speaker 9: about this? 163 00:08:43,840 --> 00:08:47,640 Speaker 3: There's there's a lot of haziness to that because it 164 00:08:47,679 --> 00:08:50,360 Speaker 3: was so gosh darnhaut right. 165 00:08:50,400 --> 00:08:52,280 Speaker 1: Where did you get dehydrated? 166 00:08:52,320 --> 00:08:52,720 Speaker 8: At the end? 167 00:08:53,320 --> 00:08:57,280 Speaker 3: I remember, well, I was a mess at the end. 168 00:08:57,720 --> 00:09:00,960 Speaker 3: I didn't get to go to any of the postgame celebrations. 169 00:09:01,000 --> 00:09:03,720 Speaker 4: So when when my teammates talk about it, it's like, 170 00:09:03,840 --> 00:09:06,080 Speaker 4: oh remember, and I'm like, yeah no, They're. 171 00:09:05,880 --> 00:09:12,640 Speaker 3: Like, oh, yeah, no. I was in the hotel room, 172 00:09:12,960 --> 00:09:17,400 Speaker 3: like in the fetal position with ivy bags, going where 173 00:09:17,440 --> 00:09:19,920 Speaker 3: am I? But you know, there were a lot of 174 00:09:19,960 --> 00:09:23,200 Speaker 3: things you remember and you kind of giggle about it. 175 00:09:23,240 --> 00:09:24,760 Speaker 3: I was just I was at the Rose Bowl a 176 00:09:24,800 --> 00:09:27,679 Speaker 3: couple of months ago with Brandy Chestin, and you know, 177 00:09:27,679 --> 00:09:29,680 Speaker 3: people are like, oh, it was so cool. I go, 178 00:09:29,800 --> 00:09:32,320 Speaker 3: it was, but we had to warm up for the 179 00:09:32,320 --> 00:09:36,080 Speaker 3: biggest game of our lives. Underneath the stadium in running 180 00:09:36,120 --> 00:09:41,559 Speaker 3: shoes because the consolation match went into overtime. 181 00:09:41,920 --> 00:09:43,920 Speaker 4: But it didn't phase us. We were like, all right, 182 00:09:44,520 --> 00:09:46,960 Speaker 4: just another thing, you know, that's that's cool. 183 00:09:47,120 --> 00:09:50,880 Speaker 3: We'll get a little some touches right before the game starts. 184 00:09:51,360 --> 00:09:54,520 Speaker 4: But what an incredible venue, And you're right, just just. 185 00:09:54,440 --> 00:09:57,120 Speaker 3: Being a part of that tournament, being part of that 186 00:09:57,240 --> 00:09:59,679 Speaker 3: team and you know. 187 00:09:59,679 --> 00:10:00,679 Speaker 4: Create history. 188 00:10:00,720 --> 00:10:03,680 Speaker 3: And then you see what's happening to the game now 189 00:10:04,640 --> 00:10:09,640 Speaker 3: and how many millions of people are able to watch 190 00:10:09,679 --> 00:10:13,319 Speaker 3: women's soccer and the Women's World Cup in Australia. 191 00:10:13,400 --> 00:10:16,920 Speaker 4: I thought I was lucky enough to go and. 192 00:10:16,960 --> 00:10:21,640 Speaker 3: Just to see the reception and the excitement in country 193 00:10:21,920 --> 00:10:23,840 Speaker 3: and then obviously watching. 194 00:10:23,520 --> 00:10:25,480 Speaker 4: It when I was back home, there. 195 00:10:25,440 --> 00:10:28,280 Speaker 3: Was a buzz about it and that's just going to 196 00:10:28,320 --> 00:10:30,600 Speaker 3: make this tournament continue to grow. 197 00:10:31,000 --> 00:10:34,800 Speaker 8: That's women's soccer legend. Mia Ham. Up next, it's right 198 00:10:35,000 --> 00:10:39,559 Speaker 8: Super Sky NFL Hall of Famer number twenty, Barry Sanders. 199 00:10:39,760 --> 00:10:42,920 Speaker 8: You're listening to a special edition of The Bloomberg Business 200 00:10:42,960 --> 00:10:44,440 Speaker 8: of Sports from Bloomberg Radio. 201 00:10:44,600 --> 00:10:54,280 Speaker 1: Around the world is Bloomberg Business of Sports from Bloomberg Radio. 202 00:10:55,480 --> 00:10:58,360 Speaker 8: You're listening to a special edition of the Bloomberg Business 203 00:10:58,360 --> 00:11:00,880 Speaker 8: of Sports show as we look back at some of 204 00:11:00,920 --> 00:11:04,640 Speaker 8: our favorite conversations from the past year. I'm Michael Barr 205 00:11:05,040 --> 00:11:08,319 Speaker 8: and when I say favorite, I mean favorite. He's one 206 00:11:08,320 --> 00:11:11,839 Speaker 8: of the greatest running backs in the league history, and 207 00:11:11,920 --> 00:11:15,679 Speaker 8: he stunned fans when he decided to retire early. Barry 208 00:11:15,760 --> 00:11:19,880 Speaker 8: Sanders addressed the early retirement and more in a documentary 209 00:11:19,920 --> 00:11:24,320 Speaker 8: released this year on Amazon Prime. Bye Bye. Barry Sanders 210 00:11:24,400 --> 00:11:27,400 Speaker 8: took the time to talk with me and Bloomberg US 211 00:11:27,480 --> 00:11:31,559 Speaker 8: sports business reporter Randa Williams about his career, what he's 212 00:11:31,600 --> 00:11:34,840 Speaker 8: seeing in today's NFL, and more. Let's take a listen 213 00:11:34,840 --> 00:11:37,439 Speaker 8: to a portion of that conversation, starting on where they're 214 00:11:37,440 --> 00:11:40,760 Speaker 8: fans will find out why he decided to retire if 215 00:11:40,800 --> 00:11:42,079 Speaker 8: they watched the documentary. 216 00:11:42,320 --> 00:11:46,000 Speaker 7: I believe, yes, that question has certainly answered in the documentary. 217 00:11:46,520 --> 00:11:49,160 Speaker 7: I think it covers a lot. I mean, it's amazing 218 00:11:49,800 --> 00:11:51,760 Speaker 7: looking at some of the footage. I don't know where 219 00:11:51,760 --> 00:11:53,839 Speaker 7: they got some of the stuff, and you know, they 220 00:11:53,880 --> 00:11:57,200 Speaker 7: go back pretty far, but they certainly cover my NFL 221 00:11:57,280 --> 00:12:02,200 Speaker 7: career and from the first day to the last. So yes, 222 00:12:02,480 --> 00:12:05,240 Speaker 7: I think that that question is certainly answered. 223 00:12:05,520 --> 00:12:07,640 Speaker 12: Now, Barry, I have a question for you when it 224 00:12:07,640 --> 00:12:10,760 Speaker 12: comes to the timing of this documentary, when you think 225 00:12:10,760 --> 00:12:12,720 Speaker 12: about you could have done this at any point in time, 226 00:12:12,760 --> 00:12:15,760 Speaker 12: and NFL fans have wondered why you hung your clice 227 00:12:15,800 --> 00:12:18,120 Speaker 12: up for so many years? Why was now the time 228 00:12:18,200 --> 00:12:20,240 Speaker 12: you wanted this documentary release. 229 00:12:20,520 --> 00:12:24,560 Speaker 7: I think for me it was just because you know, 230 00:12:24,600 --> 00:12:27,120 Speaker 7: a certain amount of time has passed is being able 231 00:12:27,160 --> 00:12:30,920 Speaker 7: to reflect on it. Prime Video and NFL Network really 232 00:12:31,120 --> 00:12:34,000 Speaker 7: wanted to get behind it, you know, and make it happen. 233 00:12:34,440 --> 00:12:38,920 Speaker 7: And so for me, I was just comfortable enough to 234 00:12:39,040 --> 00:12:42,360 Speaker 7: sit down, really talk about it and put all the 235 00:12:42,400 --> 00:12:44,679 Speaker 7: work into it that was required to be able to 236 00:12:44,720 --> 00:12:47,559 Speaker 7: make it happen, you know. I mean they shot it 237 00:12:47,679 --> 00:12:51,160 Speaker 7: so many different locations and talk to so many different people, 238 00:12:51,360 --> 00:12:54,839 Speaker 7: but so really just logistically being able to bring all 239 00:12:54,880 --> 00:12:58,560 Speaker 7: those things together the time that was just right, you know, 240 00:12:58,679 --> 00:12:59,959 Speaker 7: sort of here and now. 241 00:13:00,480 --> 00:13:02,520 Speaker 8: Yeah, I want to add a little color because, like 242 00:13:02,559 --> 00:13:04,920 Speaker 8: I said, I was born and raised in Detroit, and 243 00:13:05,280 --> 00:13:08,520 Speaker 8: there used to be a mural of you by the 244 00:13:08,559 --> 00:13:11,120 Speaker 8: bus stop, I mean huge on the side of a 245 00:13:11,120 --> 00:13:15,280 Speaker 8: building and there you are, number twenty, Barry Sanders, and 246 00:13:15,320 --> 00:13:17,560 Speaker 8: I used to look at that and I think, man, 247 00:13:18,320 --> 00:13:24,280 Speaker 8: he's on our team, and you had such let me 248 00:13:24,280 --> 00:13:26,880 Speaker 8: put it this way, a grip on the city people 249 00:13:27,040 --> 00:13:29,840 Speaker 8: adored you. What was that like? I mean, I know 250 00:13:29,920 --> 00:13:32,880 Speaker 8: that sounds you know, it's like, oh, Mike, what kind 251 00:13:32,880 --> 00:13:34,960 Speaker 8: of question was that? But it's true. I mean people 252 00:13:35,120 --> 00:13:37,160 Speaker 8: adored you in Detroit. 253 00:13:37,320 --> 00:13:39,520 Speaker 7: For one, I love that mural. That was just kind 254 00:13:39,559 --> 00:13:43,920 Speaker 7: of sweet being downtown and seeing this huge image of 255 00:13:43,960 --> 00:13:46,160 Speaker 7: me on the side of the building. So that was 256 00:13:46,200 --> 00:13:49,680 Speaker 7: just kind of cool, you know. But no, but to 257 00:13:49,679 --> 00:13:52,400 Speaker 7: answer your question, no, I love having that relationship with 258 00:13:52,440 --> 00:13:55,880 Speaker 7: the city of Detroit. You know, it's a unique thing 259 00:13:55,960 --> 00:13:59,440 Speaker 7: that happens. I mean, it doesn't happen by accident. And 260 00:13:59,559 --> 00:14:03,240 Speaker 7: although I feel like we certainly didn't reach all of 261 00:14:03,240 --> 00:14:05,040 Speaker 7: our goals on the field, you know a lot of 262 00:14:05,080 --> 00:14:08,080 Speaker 7: fans feel like we have great memories and times there 263 00:14:08,080 --> 00:14:12,559 Speaker 7: at the Silver Dome, it happened organically, you know. So 264 00:14:12,559 --> 00:14:16,160 Speaker 7: so yeah, I love having that relationship. And you know, hey, 265 00:14:16,160 --> 00:14:20,120 Speaker 7: this is an absolutely serious forts town. You know, they're 266 00:14:20,120 --> 00:14:23,280 Speaker 7: mad about their lions. You know, they've always supported them, 267 00:14:23,440 --> 00:14:26,880 Speaker 7: and so you know, so yeah, so I really appreciate 268 00:14:26,920 --> 00:14:28,920 Speaker 7: that and really value that relationship. 269 00:14:29,240 --> 00:14:31,880 Speaker 12: Barry, how crazy is it that the timing of this 270 00:14:32,000 --> 00:14:35,240 Speaker 12: documentary is also when the Lions are having their best 271 00:14:35,280 --> 00:14:39,600 Speaker 12: season since nineteen sixty. That's incredible. I mean, franchise is 272 00:14:39,720 --> 00:14:44,360 Speaker 12: best player and an incredible season all in one. Is 273 00:14:44,360 --> 00:14:45,560 Speaker 12: there better timing for this? 274 00:14:45,960 --> 00:14:48,440 Speaker 7: Oh No, that's amazing. I mean just the synergy there 275 00:14:49,560 --> 00:14:54,080 Speaker 7: is awesome. And you know, I mean we as Lions fans, 276 00:14:54,120 --> 00:14:58,840 Speaker 7: obviously we've been we've been waiting for for this kind 277 00:14:58,880 --> 00:15:01,520 Speaker 7: of a season from the team. You know, we've seen 278 00:15:01,560 --> 00:15:05,040 Speaker 7: it building over time. I don't I don't know how 279 00:15:05,560 --> 00:15:08,280 Speaker 7: the two have happened, happened to sort of core inside 280 00:15:09,000 --> 00:15:14,560 Speaker 7: in this way, you know, but we're certainly glad that 281 00:15:14,640 --> 00:15:18,320 Speaker 7: it did and it has happened this way. Whenever they 282 00:15:18,400 --> 00:15:21,360 Speaker 7: hired Colds Campbell, he came in with a plan, with 283 00:15:21,440 --> 00:15:24,920 Speaker 7: a vision. You know, he's to it, you know. He 284 00:15:25,000 --> 00:15:28,840 Speaker 7: and Brad Holmes, Sheelah Ford, Chris Filman. I mean, they 285 00:15:29,120 --> 00:15:31,480 Speaker 7: they've known from day one the kind of player they 286 00:15:31,480 --> 00:15:34,240 Speaker 7: want to have in the building, you know. And and 287 00:15:34,360 --> 00:15:38,760 Speaker 7: we've seen every year this team takes strides, you know, 288 00:15:38,880 --> 00:15:42,200 Speaker 7: and and and it's all sort of coming together this year. 289 00:15:42,480 --> 00:15:46,000 Speaker 8: Can you imagine if you had n I L when 290 00:15:46,040 --> 00:15:50,800 Speaker 8: you were playing back at Oklahoma State. I mean you 291 00:15:50,800 --> 00:15:52,960 Speaker 8: you would be off the chart right now. Forget about 292 00:15:53,200 --> 00:15:55,240 Speaker 8: making the money in the NFL, You'd have made the 293 00:15:55,280 --> 00:15:57,160 Speaker 8: money back at Oklahoma State. 294 00:15:57,360 --> 00:16:00,320 Speaker 7: Oh no, I'd be one of these kids that taking 295 00:16:00,360 --> 00:16:03,760 Speaker 7: full advantage of like year six or seven planning college. Man, 296 00:16:03,960 --> 00:16:13,840 Speaker 7: I mean send thousands years, you know, so you know 297 00:16:14,000 --> 00:16:15,760 Speaker 7: that's true though. I mean it's great to see these 298 00:16:15,840 --> 00:16:19,480 Speaker 7: kids being compensated. You know, it's college football is still 299 00:16:19,600 --> 00:16:22,240 Speaker 7: the greatest game out there. You know, We've been having 300 00:16:22,240 --> 00:16:25,080 Speaker 7: that conversation for how many generations now right about all 301 00:16:25,080 --> 00:16:27,880 Speaker 7: these players being paid, you know, and just hopefully they 302 00:16:27,920 --> 00:16:29,480 Speaker 7: get what they you know, they deserve. 303 00:16:29,800 --> 00:16:29,960 Speaker 11: You know. 304 00:16:30,000 --> 00:16:32,760 Speaker 7: It didn't camper with the game too much, you know, 305 00:16:32,880 --> 00:16:36,480 Speaker 7: but but better late than never. So congratulations to all 306 00:16:36,640 --> 00:16:37,280 Speaker 7: those guys. 307 00:16:37,520 --> 00:16:39,200 Speaker 12: Absolutely, And I want to I want to ask you 308 00:16:39,200 --> 00:16:41,200 Speaker 12: a little bit about the running back market in general. 309 00:16:41,280 --> 00:16:43,360 Speaker 12: It's changed so much since you were a player, and 310 00:16:43,360 --> 00:16:45,800 Speaker 12: now the running backs are having trouble getting paid. Have 311 00:16:45,920 --> 00:16:49,640 Speaker 12: you thought about any pathways to getting things back to 312 00:16:49,640 --> 00:16:52,560 Speaker 12: where they used to be and really advancing their salaries 313 00:16:52,600 --> 00:16:55,000 Speaker 12: so that you know, they can keep making money. 314 00:16:55,200 --> 00:16:57,520 Speaker 7: Oh yeah, I mean it's tough, you know, it's it's 315 00:16:57,560 --> 00:17:02,360 Speaker 7: it's interesting just to watch how the trend has sort 316 00:17:02,360 --> 00:17:05,560 Speaker 7: of happened over the last few years. I personally still 317 00:17:05,600 --> 00:17:09,919 Speaker 7: think that they're fantastic runners and running back in the 318 00:17:09,920 --> 00:17:13,240 Speaker 7: game that that really impact the game that you need 319 00:17:13,280 --> 00:17:15,840 Speaker 7: to win, you know. And it is a business, and 320 00:17:16,160 --> 00:17:18,440 Speaker 7: you know, teams will uh, you know, they're gonna they're 321 00:17:18,480 --> 00:17:20,960 Speaker 7: going to put the money where they feel like they 322 00:17:21,000 --> 00:17:23,760 Speaker 7: get most worth. You know. It's a passing more in 323 00:17:23,800 --> 00:17:26,360 Speaker 7: the game, you know. And and I don't know where 324 00:17:26,480 --> 00:17:28,280 Speaker 7: this is gonna go over, you know, in the next 325 00:17:28,560 --> 00:17:31,240 Speaker 7: ten twenty years or whatever, you know, But I look 326 00:17:31,280 --> 00:17:34,760 Speaker 7: at guys like Derrick Henry or guys like Chris McCaffrey, 327 00:17:35,200 --> 00:17:38,080 Speaker 7: Josh Jacobs or whoever, you know, I still think they're 328 00:17:38,119 --> 00:17:40,560 Speaker 7: guys from the running back position. Nick at the Lions 329 00:17:40,600 --> 00:17:44,040 Speaker 7: team this year, you know, they're well balanced, they run 330 00:17:44,080 --> 00:17:47,080 Speaker 7: the football, and so yeah, I just I still feel 331 00:17:47,119 --> 00:17:50,080 Speaker 7: like you can look at a lot of teams and 332 00:17:50,320 --> 00:17:52,680 Speaker 7: they need to be able to run the football. Their 333 00:17:52,720 --> 00:17:56,199 Speaker 7: best players are in the running back position, you know. 334 00:17:56,320 --> 00:17:57,880 Speaker 7: And I don't I don't know what you can do 335 00:17:58,240 --> 00:18:02,800 Speaker 7: really to to steer the one direction or another. Certainly 336 00:18:02,800 --> 00:18:05,600 Speaker 7: there's been you know, historic quarterback play. You know, you 337 00:18:05,600 --> 00:18:08,800 Speaker 7: can't deny Patrick Mahomes and guys like that, you know 338 00:18:08,880 --> 00:18:13,320 Speaker 7: who phenomenal players and deserve everything that they get. But 339 00:18:13,760 --> 00:18:16,119 Speaker 7: not every team has that, and so I still believe 340 00:18:16,720 --> 00:18:18,800 Speaker 7: in most cases you need to be a run the football. 341 00:18:19,040 --> 00:18:21,320 Speaker 8: I do want to bring up probably one of the 342 00:18:22,320 --> 00:18:25,720 Speaker 8: greatest events that ever happened at the old Pontiac Silver Dome. 343 00:18:25,800 --> 00:18:27,920 Speaker 8: God bless that place. I loved it. I was there, 344 00:18:27,960 --> 00:18:33,159 Speaker 8: I covered it. And that was nineteen ninety two NFC 345 00:18:33,240 --> 00:18:38,359 Speaker 8: playoff game the Lions. Yeah right, man, I was there, 346 00:18:38,840 --> 00:18:43,000 Speaker 8: Lions against the Dallas Cowboys, and the Lions beat the 347 00:18:43,080 --> 00:18:45,880 Speaker 8: living snot out of the Cowboys. And that is at 348 00:18:45,920 --> 00:18:49,200 Speaker 8: the time when you had Barry Sanders, and I think 349 00:18:49,240 --> 00:18:51,520 Speaker 8: you had Emmitt Smith. I mean, are you looking at this. 350 00:18:51,880 --> 00:18:58,000 Speaker 8: You had a confluence of brilliant running backs in this game. Barry. 351 00:18:58,080 --> 00:18:59,800 Speaker 8: Do you miss the old Silver Dome? 352 00:19:00,080 --> 00:19:03,679 Speaker 7: Oh? Absolutely absolutely. I mean, you know you you mentioned 353 00:19:03,720 --> 00:19:08,200 Speaker 7: that that game, and you think about just you think 354 00:19:08,240 --> 00:19:10,679 Speaker 7: about all the elements involved in it. The Calvin was 355 00:19:10,720 --> 00:19:13,760 Speaker 7: to go on to win with three Super Bowls in 356 00:19:13,800 --> 00:19:16,800 Speaker 7: the next four three, four years, four or five years, 357 00:19:17,160 --> 00:19:19,680 Speaker 7: you know, and that was our last playoff win that 358 00:19:20,000 --> 00:19:23,560 Speaker 7: play it was rocking that day for sure, and I 359 00:19:23,600 --> 00:19:28,119 Speaker 7: know we were excited and uh and highly motivated. The 360 00:19:28,200 --> 00:19:32,040 Speaker 7: fans came out in such a major way, you know, 361 00:19:32,160 --> 00:19:34,639 Speaker 7: that day. And but to answer your question, yes, I 362 00:19:34,680 --> 00:19:37,840 Speaker 7: mean I'm always get a chance, you know, here and there, 363 00:19:37,960 --> 00:19:40,800 Speaker 7: just to be reminded from different fans about the Silver Home, 364 00:19:40,960 --> 00:19:43,080 Speaker 7: you know, and it certainly has holds a lot of 365 00:19:43,080 --> 00:19:43,840 Speaker 7: special members. 366 00:19:43,840 --> 00:19:47,480 Speaker 8: To me, that is all time great NFL running back 367 00:19:47,520 --> 00:19:50,919 Speaker 8: Barry Sanders still to come. On this special edition of 368 00:19:50,920 --> 00:19:54,199 Speaker 8: the Bloomberg Business of Sports Show, Clutch Sports founder and 369 00:19:54,359 --> 00:19:58,600 Speaker 8: CEO Rich Paul. You're listening to the Bloomberg Business Sports 370 00:19:58,680 --> 00:20:00,639 Speaker 8: Bloomberg Radio Clerk. 371 00:20:05,880 --> 00:20:10,720 Speaker 1: This is Bloomberg Business of Sports from Bloomberg Radio. 372 00:20:10,960 --> 00:20:13,360 Speaker 8: Thanks for listening to the Bloomberg Business of Sports Show, 373 00:20:13,400 --> 00:20:16,040 Speaker 8: where we explore the big money issues in the world 374 00:20:16,040 --> 00:20:18,960 Speaker 8: of sports. I'm Michael Barr with a special edition of 375 00:20:19,000 --> 00:20:21,440 Speaker 8: the show, taking a look back at some of our 376 00:20:21,600 --> 00:20:25,399 Speaker 8: favorite conversations for the past year. Clutch Sports founder and 377 00:20:25,640 --> 00:20:29,360 Speaker 8: CEO Rich Paul is one of the biggest sports agents 378 00:20:29,480 --> 00:20:33,920 Speaker 8: in the business, responsible for huge deals for NBA stars, 379 00:20:34,119 --> 00:20:38,520 Speaker 8: headlined by Lebron James Paul took some time to talk 380 00:20:38,600 --> 00:20:43,240 Speaker 8: with Scarlett Damien and Bloomberg US sports reporter Randa Williams 381 00:20:43,359 --> 00:20:45,720 Speaker 8: about his career as an agent and some of his 382 00:20:45,840 --> 00:20:47,879 Speaker 8: other business ventures. Let's take a listen, So. 383 00:20:47,960 --> 00:20:49,720 Speaker 9: Rich, I have to ask you this, right, I mean, look, 384 00:20:49,760 --> 00:20:51,960 Speaker 9: you are the Kingmaker man. You've been dealing with Nike 385 00:20:52,240 --> 00:20:54,600 Speaker 9: since the beginning of your relationship with Lebron James and 386 00:20:54,640 --> 00:20:55,439 Speaker 9: through all your clients. 387 00:20:55,440 --> 00:20:55,800 Speaker 8: I'm sure. 388 00:20:55,840 --> 00:20:59,840 Speaker 9: I mean you've even yeah adopt right, I mean you 389 00:21:00,040 --> 00:21:01,919 Speaker 9: went off. I mean three former Nike executives. You have 390 00:21:01,920 --> 00:21:03,960 Speaker 9: a wellness of brand with them, a consumer potus band 391 00:21:04,000 --> 00:21:07,399 Speaker 9: with them. So here's my question. Well, yeah, Clutch Athletics 392 00:21:08,760 --> 00:21:10,760 Speaker 9: your own brand with New Balance. I mean, what does 393 00:21:10,880 --> 00:21:11,520 Speaker 9: Nike think of that? 394 00:21:11,760 --> 00:21:14,200 Speaker 13: I think Nike you respected, you know, I think at 395 00:21:14,200 --> 00:21:16,520 Speaker 13: the end of the day, I'm an entrepreneur. Yeah, you know, 396 00:21:16,560 --> 00:21:19,400 Speaker 13: I can walk into bubblegum. At the same time, you know, 397 00:21:19,680 --> 00:21:22,280 Speaker 13: for the for those that I represent at a level 398 00:21:22,280 --> 00:21:24,840 Speaker 13: on which any brand wants to align themselves with them, 399 00:21:24,920 --> 00:21:26,560 Speaker 13: I'm gonna do the best job for the client. 400 00:21:27,040 --> 00:21:29,320 Speaker 11: I could have signed Daron Fox, He's signed to the 401 00:21:29,359 --> 00:21:29,960 Speaker 11: Curry brand. 402 00:21:30,320 --> 00:21:33,920 Speaker 13: Great, no problem, right, I have clients at Nike, and 403 00:21:33,960 --> 00:21:36,600 Speaker 13: I have a few clients at New Balance. Our focus 404 00:21:37,080 --> 00:21:40,600 Speaker 13: at Clutch from the brand side has been more on NIO. 405 00:21:40,680 --> 00:21:42,920 Speaker 13: I have signed some football players and we'll continue to 406 00:21:42,960 --> 00:21:44,040 Speaker 13: be active in that space. 407 00:21:44,400 --> 00:21:46,080 Speaker 11: But it's a little bit different, you know. 408 00:21:46,240 --> 00:21:50,359 Speaker 13: Right, and it's very selective, it's very strategic with our approach. 409 00:21:50,400 --> 00:21:52,520 Speaker 13: We just signed a young lady by the name of 410 00:21:52,520 --> 00:21:56,480 Speaker 13: Elia and Krump out of Minnesota, who is we're really 411 00:21:56,520 --> 00:21:59,399 Speaker 13: excited about and will continue to invest in the in 412 00:21:59,480 --> 00:22:02,800 Speaker 13: the girls game as well as the NIL space. 413 00:22:03,240 --> 00:22:04,719 Speaker 11: But you know, at the end of the day, I 414 00:22:04,800 --> 00:22:06,440 Speaker 11: just saw an opportunity. 415 00:22:06,640 --> 00:22:09,200 Speaker 13: You know, I felt like I didn't name the company 416 00:22:09,560 --> 00:22:12,879 Speaker 13: Rich Pauls for a reason, right, Rich Paul Sports or 417 00:22:12,920 --> 00:22:16,399 Speaker 13: anything like that. I wanted to name the companies something 418 00:22:16,440 --> 00:22:19,959 Speaker 13: that could grow legs. And in this case, Clutch Brand 419 00:22:20,000 --> 00:22:22,600 Speaker 13: and Clutch Sports Group are two totally separate companies, you know, 420 00:22:22,760 --> 00:22:25,480 Speaker 13: just they just able to share the same name because they. 421 00:22:25,320 --> 00:22:27,520 Speaker 11: Were created by the same person. 422 00:22:27,720 --> 00:22:30,640 Speaker 13: But in addition to that, you know, I'm forever evolving 423 00:22:30,720 --> 00:22:33,240 Speaker 13: and I don't feel like I should be limited. I 424 00:22:33,280 --> 00:22:35,920 Speaker 13: don't feel like I should be content or can place 425 00:22:35,960 --> 00:22:37,960 Speaker 13: in any matter or satisfied for that matter. 426 00:22:37,960 --> 00:22:41,200 Speaker 11: I mean, look, we've been extremely successful despite. 427 00:22:40,880 --> 00:22:42,520 Speaker 13: You know, I had to build a company with one 428 00:22:42,600 --> 00:22:44,840 Speaker 13: arm behind my back for a lot of different reasons. 429 00:22:45,080 --> 00:22:47,720 Speaker 13: And I appreciate that because it just makes you stronger. 430 00:22:48,080 --> 00:22:50,720 Speaker 13: But I'm not stopping there. I'm not going to be 431 00:22:50,800 --> 00:22:53,000 Speaker 13: discouraged by it, because at the end of the day, 432 00:22:53,400 --> 00:22:55,640 Speaker 13: no one puts a limit on Bezos, no one puts 433 00:22:55,640 --> 00:22:58,520 Speaker 13: a limit on Zuckerberg, no one puts the limit. 434 00:22:58,280 --> 00:23:02,000 Speaker 11: On you know, a lot of guys who continue. 435 00:23:01,520 --> 00:23:05,000 Speaker 13: To roll up these companies into a company that they've 436 00:23:05,040 --> 00:23:07,119 Speaker 13: been able to build, And so I want to be 437 00:23:07,160 --> 00:23:08,840 Speaker 13: the same way. I want to be able to sit 438 00:23:08,920 --> 00:23:12,200 Speaker 13: in rooms with those guys as you know, respective peers. 439 00:23:12,440 --> 00:23:16,360 Speaker 13: Maybe not from a bank account perspective that's difficult to do, 440 00:23:16,800 --> 00:23:20,560 Speaker 13: but from a perspective, yeah, definitely from a perspective of 441 00:23:20,640 --> 00:23:22,800 Speaker 13: you know, you just you just work hard. And the 442 00:23:22,880 --> 00:23:25,040 Speaker 13: thing for me is what I one thing I love 443 00:23:25,080 --> 00:23:27,000 Speaker 13: about it most and the biggest joy I get out 444 00:23:27,040 --> 00:23:29,919 Speaker 13: of it is as you create these companies, it's not 445 00:23:30,080 --> 00:23:32,960 Speaker 13: solely about the money you're making, et cetera. It's about 446 00:23:32,960 --> 00:23:35,760 Speaker 13: the impact you're making, and it's about the opportunity you're 447 00:23:35,760 --> 00:23:41,360 Speaker 13: able to give. And so instead of me having to necessarily, 448 00:23:41,920 --> 00:23:45,000 Speaker 13: you know, give somebody advice from a place of yeah, 449 00:23:45,119 --> 00:23:46,800 Speaker 13: you know, I did it like this, and I did 450 00:23:46,800 --> 00:23:48,760 Speaker 13: it like that, and if you go to school, you 451 00:23:48,760 --> 00:23:49,760 Speaker 13: can do this and do that. 452 00:23:50,160 --> 00:23:53,080 Speaker 11: I can actually hire somebody, And I. 453 00:23:53,000 --> 00:23:57,920 Speaker 13: Think that is extremely That's much more important than any 454 00:23:57,960 --> 00:24:00,480 Speaker 13: magazine cover I can be on or any phrase I 455 00:24:00,480 --> 00:24:03,920 Speaker 13: can get. Given someone an opportunity that can change their life, 456 00:24:04,280 --> 00:24:07,199 Speaker 13: that can change the trajectory of their children's lives, that 457 00:24:07,280 --> 00:24:10,880 Speaker 13: can give them a different experience to better understand how 458 00:24:11,000 --> 00:24:14,399 Speaker 13: life is supposed to be lived. That's a different place 459 00:24:14,440 --> 00:24:16,560 Speaker 13: than where I come from, because where I come from 460 00:24:16,640 --> 00:24:19,240 Speaker 13: and you read the book. When you read that book, 461 00:24:19,400 --> 00:24:21,960 Speaker 13: it is a different dynamic. I have France that's never 462 00:24:22,000 --> 00:24:25,360 Speaker 13: been downtown. That don't even make sense, you know, And 463 00:24:25,400 --> 00:24:29,640 Speaker 13: so that's what pushes me every day. And that's why, 464 00:24:30,119 --> 00:24:33,400 Speaker 13: you know, despite anything, you know, look, God has blessed 465 00:24:33,560 --> 00:24:36,400 Speaker 13: me and my family and allowed me to be extremely 466 00:24:36,440 --> 00:24:40,000 Speaker 13: successful despite all the challenges. But at the same time, 467 00:24:40,359 --> 00:24:42,960 Speaker 13: you know, I don't look at it as a negative. 468 00:24:42,960 --> 00:24:45,800 Speaker 13: If there's anything negative or any type, I'm vegan to 469 00:24:45,880 --> 00:24:47,960 Speaker 13: anything beef negative. 470 00:24:48,200 --> 00:24:49,480 Speaker 11: I'm a vegan as a protector. 471 00:24:50,119 --> 00:24:52,320 Speaker 9: So Rich, Rich, when you when you when you left, 472 00:24:52,359 --> 00:24:54,320 Speaker 9: you said leaving c AA was, you know, one of 473 00:24:54,359 --> 00:24:55,920 Speaker 9: the best movies, the best movie you ever made. I 474 00:24:55,960 --> 00:24:57,520 Speaker 9: know you don't miss Vingo, but do you miss Lloyd 475 00:24:57,520 --> 00:24:58,800 Speaker 9: for sure? No, I'm just kidding. I'm not going to 476 00:24:58,840 --> 00:25:01,119 Speaker 9: ask you about Lloyd fran But listen, I don't need 477 00:25:01,200 --> 00:25:01,600 Speaker 9: to answer you. 478 00:25:01,640 --> 00:25:03,439 Speaker 11: Good guys over there, I just you know, I just 479 00:25:03,640 --> 00:25:06,040 Speaker 11: again had to do his own thing. It's the opportunity. 480 00:25:06,040 --> 00:25:08,439 Speaker 13: And again, you know, I think no one expected me 481 00:25:08,480 --> 00:25:10,320 Speaker 13: to be in the position I am today. And what 482 00:25:10,480 --> 00:25:14,240 Speaker 13: I see, guys, they're you know, their respectful. They may 483 00:25:14,280 --> 00:25:16,840 Speaker 13: not like it. I'm sure there's conversations. I know for 484 00:25:16,880 --> 00:25:20,680 Speaker 13: a fact there's conversations behind closed doors. But everyone has 485 00:25:20,720 --> 00:25:23,640 Speaker 13: to respect it. And you know, I gotta I gotta 486 00:25:23,840 --> 00:25:25,000 Speaker 13: talk from a place of truth. 487 00:25:25,280 --> 00:25:25,440 Speaker 8: Rich. 488 00:25:25,520 --> 00:25:26,920 Speaker 5: One of the things that I've heard you say, I 489 00:25:26,960 --> 00:25:28,600 Speaker 5: think it was on first take, is that when you 490 00:25:28,640 --> 00:25:31,119 Speaker 5: were starting, you didn't have agents who looked like you 491 00:25:31,320 --> 00:25:34,119 Speaker 5: opened the door for you. And you mentioned a little 492 00:25:34,160 --> 00:25:36,399 Speaker 5: I think was the question before about how you are 493 00:25:36,440 --> 00:25:39,080 Speaker 5: opening doors for the people who are coming behind you? Yeah, 494 00:25:39,119 --> 00:25:41,760 Speaker 5: what ways are you? How are you opening those doors 495 00:25:41,800 --> 00:25:43,479 Speaker 5: for people to excel. 496 00:25:43,960 --> 00:25:47,000 Speaker 13: Yeah, well, I think just to clarify, you know, because 497 00:25:47,119 --> 00:25:50,120 Speaker 13: when I was on First take, people made about black agents. 498 00:25:50,240 --> 00:25:53,000 Speaker 13: Lend me clarify. There was no agents. There wasn't an 499 00:25:53,000 --> 00:25:55,640 Speaker 13: agent I was working with. He wasn't There was no plan, 500 00:25:55,720 --> 00:25:58,240 Speaker 13: there was no strategy. It was just hey, you somebody 501 00:25:58,359 --> 00:26:00,000 Speaker 13: friend that's trying to keep him position. 502 00:26:00,359 --> 00:26:03,840 Speaker 11: Just home. Yeah, but it was a little bit more 503 00:26:03,880 --> 00:26:05,919 Speaker 11: love than that, but it was just no plan. I 504 00:26:05,960 --> 00:26:06,360 Speaker 11: can't see. 505 00:26:06,400 --> 00:26:07,679 Speaker 13: It was a little bit more love than that, but 506 00:26:07,720 --> 00:26:09,480 Speaker 13: it was just no plan. But it was no whether 507 00:26:09,520 --> 00:26:13,400 Speaker 13: you were black or white agents. When I came into business, 508 00:26:13,640 --> 00:26:17,320 Speaker 13: they were doing everything they can to assassinate my character, 509 00:26:17,960 --> 00:26:19,520 Speaker 13: to discourage families. 510 00:26:19,800 --> 00:26:19,960 Speaker 3: You know. 511 00:26:20,000 --> 00:26:21,840 Speaker 11: There was I mean, this is all public. There was 512 00:26:21,880 --> 00:26:24,800 Speaker 11: an article written October tenth, I remember. 513 00:26:24,600 --> 00:26:27,399 Speaker 13: You know, two thousand there was an article written October tenth, 514 00:26:27,560 --> 00:26:33,480 Speaker 13: two thousand and twelve that basically assassinated my character and 515 00:26:34,400 --> 00:26:36,919 Speaker 13: tried to get me investigated and all these things that 516 00:26:37,080 --> 00:26:41,040 Speaker 13: was plannet by my previous That was planet That was 517 00:26:41,080 --> 00:26:43,479 Speaker 13: a strategic thing that didn't work. But I had to 518 00:26:43,480 --> 00:26:46,760 Speaker 13: do an investigation again Cuba and everything. You know, I 519 00:26:46,880 --> 00:26:50,720 Speaker 13: understood the war within the game because I came from that, 520 00:26:51,240 --> 00:26:52,560 Speaker 13: so I was. 521 00:26:52,520 --> 00:26:54,119 Speaker 11: Basically like, okay, bring it on. 522 00:26:54,280 --> 00:26:57,440 Speaker 13: But every day I lived my life that way, understanding 523 00:26:57,480 --> 00:26:58,840 Speaker 13: that I was at war. 524 00:26:59,320 --> 00:27:01,119 Speaker 11: So it was different dynamic for me. 525 00:27:01,200 --> 00:27:05,040 Speaker 13: But but getting back to your question, Yeah, today, what 526 00:27:05,080 --> 00:27:07,800 Speaker 13: I'm doing is I leave the door open. I really do. 527 00:27:07,960 --> 00:27:10,600 Speaker 13: And my door's always open in my office. My door's 528 00:27:10,640 --> 00:27:13,720 Speaker 13: always open. Anyone who works with me, I like to say, 529 00:27:13,760 --> 00:27:16,000 Speaker 13: work with me, not for me. Anyone who works with me. 530 00:27:16,200 --> 00:27:18,440 Speaker 8: You think you door is open? 531 00:27:18,520 --> 00:27:20,480 Speaker 9: Is lack vin is zach levin coming to the next 532 00:27:20,520 --> 00:27:24,119 Speaker 9: I mean, no, no, that's not gonna happen. 533 00:27:24,960 --> 00:27:25,679 Speaker 6: You got your answer. 534 00:27:26,160 --> 00:27:26,520 Speaker 8: Thanks you. 535 00:27:26,640 --> 00:27:27,959 Speaker 1: It's blatantly honest. 536 00:27:28,280 --> 00:27:28,520 Speaker 8: Rich. 537 00:27:29,160 --> 00:27:29,640 Speaker 12: Yeah, I think. 538 00:27:29,640 --> 00:27:32,520 Speaker 13: I think I leave the door open, and I think, 539 00:27:32,680 --> 00:27:34,439 Speaker 13: and it's not just for people that work with me, 540 00:27:34,520 --> 00:27:38,640 Speaker 13: you know, even the so called rival companies. Whatever I talk, 541 00:27:38,680 --> 00:27:40,720 Speaker 13: I see young people, and I talk to them as well, 542 00:27:40,880 --> 00:27:42,920 Speaker 13: you know, as much as I would someone who works 543 00:27:43,520 --> 00:27:46,119 Speaker 13: at my company, because it's not really a competition. I 544 00:27:46,160 --> 00:27:49,760 Speaker 13: think that's a fictitious thing. It's not really a competition. 545 00:27:50,200 --> 00:27:53,200 Speaker 13: I don't see anybody, whether they were here twenty years 546 00:27:53,200 --> 00:27:56,520 Speaker 13: before me or hopefully someone who comes after me. Based 547 00:27:56,600 --> 00:27:59,560 Speaker 13: upon the trail that I'm that I'm continuing to blaze. 548 00:28:00,119 --> 00:28:03,639 Speaker 13: Have it better that I had it right, It's able 549 00:28:03,680 --> 00:28:07,240 Speaker 13: to be positioned better, proceeding better, and things of that nature. 550 00:28:07,600 --> 00:28:09,800 Speaker 13: But yeah, no, I mean, look I had there was 551 00:28:09,880 --> 00:28:13,479 Speaker 13: black ages selling parents and you know, still to this 552 00:28:13,600 --> 00:28:16,400 Speaker 13: the stuff that happens still to this day, you wouldn't 553 00:28:16,400 --> 00:28:18,879 Speaker 13: believe it. There still hasn't been a conversation at the 554 00:28:18,920 --> 00:28:21,639 Speaker 13: high level. People still don't want to work alongside you. 555 00:28:21,680 --> 00:28:24,040 Speaker 13: People still don't want to, you know, allow you to 556 00:28:24,040 --> 00:28:25,440 Speaker 13: buy their businesses where. 557 00:28:25,240 --> 00:28:28,919 Speaker 11: There's somebody else. Yeah, I mean, look, I mean I 558 00:28:28,960 --> 00:28:30,800 Speaker 11: was just thinking about it when I was just getting 559 00:28:30,840 --> 00:28:31,280 Speaker 11: ready for this. 560 00:28:31,359 --> 00:28:34,840 Speaker 13: I'm like, that's it's crazy that people that you would 561 00:28:34,880 --> 00:28:38,080 Speaker 13: talk to all the time would rather see and help 562 00:28:38,160 --> 00:28:39,400 Speaker 13: someone else and help you. 563 00:28:39,720 --> 00:28:41,840 Speaker 11: This is what I deal with every day. I've had 564 00:28:42,320 --> 00:28:45,760 Speaker 11: NBA players call families and say, don't go with this person, 565 00:28:45,880 --> 00:28:46,720 Speaker 11: like you should go with. 566 00:28:46,680 --> 00:28:48,400 Speaker 13: It, and they don't have nothing to do with anything, 567 00:28:49,040 --> 00:28:51,160 Speaker 13: and they know me by the way, they really should 568 00:28:51,160 --> 00:28:54,200 Speaker 13: be Like, if it's rich, that's off limits, right, If 569 00:28:54,200 --> 00:28:57,240 Speaker 13: it's company to company, then of course I'm a group 570 00:28:57,280 --> 00:28:57,720 Speaker 13: for you. 571 00:28:57,720 --> 00:28:57,880 Speaker 8: You know. 572 00:28:58,120 --> 00:29:01,000 Speaker 13: This is where I'm mad. I speak well, but if 573 00:29:01,040 --> 00:29:02,880 Speaker 13: you know me, you've been in my house, you've been 574 00:29:02,920 --> 00:29:04,000 Speaker 13: around my heart. 575 00:29:04,040 --> 00:29:04,720 Speaker 5: That's kind of sick. 576 00:29:05,560 --> 00:29:08,360 Speaker 13: I'm not asking you to say go to Rich Paul 577 00:29:08,440 --> 00:29:10,280 Speaker 13: or anything. I'm just asking you to be like you 578 00:29:10,320 --> 00:29:13,120 Speaker 13: know what, that's family there. You've made the best man 579 00:29:13,200 --> 00:29:15,560 Speaker 13: win because that's how I am. I don't negatively, I 580 00:29:15,560 --> 00:29:17,280 Speaker 13: don't care to do that, don't need to do that. 581 00:29:17,480 --> 00:29:19,160 Speaker 13: Who's gonna be for you? Is gonna be for you. 582 00:29:19,280 --> 00:29:20,680 Speaker 13: I've always lived my life like that. 583 00:29:20,920 --> 00:29:24,680 Speaker 8: Clutch Sports founder and cel Rich Paul on The Bloomberg 584 00:29:24,720 --> 00:29:27,600 Speaker 8: Business of Sports don't forget. You can find every full 585 00:29:27,720 --> 00:29:30,840 Speaker 8: version of every conversation on the show today on the 586 00:29:30,880 --> 00:29:34,840 Speaker 8: Bloomberg Business of Sports podcast A full year's worth of 587 00:29:34,920 --> 00:29:38,640 Speaker 8: great conversations about the big money stories in sports can 588 00:29:38,680 --> 00:29:41,880 Speaker 8: be right at your fingertips. Find The Bloomberg Business of 589 00:29:41,920 --> 00:29:46,080 Speaker 8: Sports Podcasts on Apple, Spotify, and anywhere you get your 590 00:29:46,120 --> 00:29:50,160 Speaker 8: podcasts up. Next, we look at a record breaking sports 591 00:29:50,200 --> 00:29:53,280 Speaker 8: deal to round out the year, plus a conversation with 592 00:29:53,360 --> 00:29:56,760 Speaker 8: the commissioner of the WNBA. You're listening to a special 593 00:29:56,880 --> 00:30:00,920 Speaker 8: edition of The Bloomberg Business of Sports Podcasts. You're listening 594 00:30:00,920 --> 00:30:03,880 Speaker 8: to a special edition of the Bloomberg Business of Sports 595 00:30:04,000 --> 00:30:14,120 Speaker 8: from Bloomberg Radio around the world. This is Bloomberg Business 596 00:30:14,120 --> 00:30:19,200 Speaker 8: of Sports from Bloomberg Radio. You're listening to a special 597 00:30:19,320 --> 00:30:21,760 Speaker 8: edition of the Bloomberg Business of Sports as we take 598 00:30:21,800 --> 00:30:24,360 Speaker 8: a listen to some of our favorite conversations from the 599 00:30:24,400 --> 00:30:27,680 Speaker 8: past year. I'm Michael Barr. Over the summer, Scarlett fuh 600 00:30:27,720 --> 00:30:31,560 Speaker 8: spoke with the w NBA Commissioner Kathy Ingelberg at the 601 00:30:31,560 --> 00:30:36,400 Speaker 8: Bloomberg invest Conference in New York. Ingelberg talked about how 602 00:30:36,440 --> 00:30:40,120 Speaker 8: she's working to grow the WNBA at home and abroad, 603 00:30:40,400 --> 00:30:41,720 Speaker 8: and here's some of that conversation. 604 00:30:41,960 --> 00:30:45,520 Speaker 6: Bloomberg's reported that combined league and team revenue is projected 605 00:30:45,520 --> 00:30:47,880 Speaker 6: to reach two hundred million this year, which would be 606 00:30:47,880 --> 00:30:50,680 Speaker 6: about double the growth in twenty nineteen, or the total 607 00:30:50,680 --> 00:30:53,200 Speaker 6: I should say. The thing is, the players don't always 608 00:30:53,200 --> 00:30:56,560 Speaker 6: see the full benefits of that growth. Based salaries as 609 00:30:56,560 --> 00:30:59,080 Speaker 6: a share of total revenue shranked to nine percent in 610 00:30:59,160 --> 00:31:02,320 Speaker 6: twenty twenty two eleven twenty nineteen. When you think about 611 00:31:02,360 --> 00:31:04,400 Speaker 6: addressing to this, does it all come down to the 612 00:31:04,480 --> 00:31:06,160 Speaker 6: next collective bargaining agreement? 613 00:31:06,400 --> 00:31:06,600 Speaker 11: Yeah. 614 00:31:06,640 --> 00:31:08,760 Speaker 14: So for those that didn't follow us, I walked in 615 00:31:08,840 --> 00:31:10,560 Speaker 14: four days on the job and they said, you're going 616 00:31:10,600 --> 00:31:13,840 Speaker 14: to Vegas to negotiate your first collective bargaining agreement. I said, 617 00:31:13,880 --> 00:31:17,360 Speaker 14: collective what? So I knew the players we re union. Obviously, 618 00:31:17,400 --> 00:31:19,120 Speaker 14: I knew the players had opted out, as it was 619 00:31:19,120 --> 00:31:21,800 Speaker 14: the right to do so. So we did negotiate a 620 00:31:22,200 --> 00:31:24,920 Speaker 14: very progressive CBA at the time. Now now we're three 621 00:31:24,960 --> 00:31:27,520 Speaker 14: years you know, hence and now the players want more 622 00:31:27,560 --> 00:31:30,200 Speaker 14: because we're doing well, and I totally understand it. And 623 00:31:30,240 --> 00:31:33,000 Speaker 14: those statistics you just threwout are deceiving because we have 624 00:31:33,120 --> 00:31:36,479 Speaker 14: found every opportunity to put more money in the player's pockets. 625 00:31:36,480 --> 00:31:38,400 Speaker 14: We're going to pay them one point five million dollars 626 00:31:38,440 --> 00:31:43,120 Speaker 14: in league market player marketing agreements this year. We're finding ways. 627 00:31:43,160 --> 00:31:45,560 Speaker 14: We put a half million dollar prize pool up for 628 00:31:45,600 --> 00:31:47,600 Speaker 14: our Commissioner Cup in season tournament. 629 00:31:47,680 --> 00:31:49,280 Speaker 4: This will be our third year of doing it. 630 00:31:49,800 --> 00:31:52,400 Speaker 14: We up the playoff bonuses by fifty three percent. I 631 00:31:52,520 --> 00:31:54,760 Speaker 14: put a four and a half million dollar charter fund 632 00:31:54,920 --> 00:31:57,920 Speaker 14: up this year. So we're finding ways that we know 633 00:31:58,280 --> 00:32:02,959 Speaker 14: what the players value, the value mom benefits, fertility benefits, 634 00:32:03,800 --> 00:32:06,320 Speaker 14: you know. As we get into the next collective bargaining cycle, 635 00:32:06,360 --> 00:32:08,000 Speaker 14: what we're trying to do is set this league up 636 00:32:08,000 --> 00:32:10,400 Speaker 14: for forty to fifty years, not just the next five. 637 00:32:10,840 --> 00:32:12,960 Speaker 14: Not only do we need the financial capital, but that'll 638 00:32:12,960 --> 00:32:14,920 Speaker 14: give us the ability to get the human capital we 639 00:32:15,000 --> 00:32:19,600 Speaker 14: need to again drive a new digital platform marketing. You know, 640 00:32:19,640 --> 00:32:22,440 Speaker 14: because sports, You know, when the NBA was forty years in, 641 00:32:22,480 --> 00:32:24,560 Speaker 14: they were still on tape delay. And what happened They 642 00:32:24,560 --> 00:32:27,600 Speaker 14: got a big rivalry coming out of college called Magic 643 00:32:27,680 --> 00:32:30,320 Speaker 14: Johnson and Larry Bird, and that drove people to watch. 644 00:32:30,360 --> 00:32:31,600 Speaker 4: And then a couple of years. 645 00:32:31,400 --> 00:32:34,920 Speaker 14: Later, what happened Michael Jordan and the marketing machine Nike. 646 00:32:35,160 --> 00:32:38,400 Speaker 8: That's Kathy Engelbert speaking with our own Scarlet Foo and 647 00:32:38,480 --> 00:32:40,680 Speaker 8: around out a big year in sports, we got the 648 00:32:40,680 --> 00:32:46,000 Speaker 8: biggest sports contract in North Americans sports history, Elite two 649 00:32:46,000 --> 00:32:51,000 Speaker 8: way Baseballs show hail TONI sign a record setting ten year, 650 00:32:51,600 --> 00:32:56,000 Speaker 8: seven hundred million dollar deal with the Los Angeles Dodgers 651 00:32:56,200 --> 00:32:58,360 Speaker 8: just a few weeks ago, and not to mention the 652 00:32:58,400 --> 00:33:02,720 Speaker 8: Dodgers signing Japanese pitch penom Yoshi Nobu Yamamoto a few 653 00:33:02,760 --> 00:33:06,640 Speaker 8: weeks after that, we got instant reaction on the Otani 654 00:33:06,680 --> 00:33:11,760 Speaker 8: deal from Vince Genaro, associate Dean and Clibegal, Associate Professor 655 00:33:12,000 --> 00:33:16,000 Speaker 8: at the NYU Preston Robert Tush Institute for Global Sports. 656 00:33:16,280 --> 00:33:19,040 Speaker 2: I have a sense that seven hundred million dollar number 657 00:33:19,120 --> 00:33:22,239 Speaker 2: was a number, sort of a branding number that they 658 00:33:22,320 --> 00:33:25,520 Speaker 2: wanted on this deal. But it is the most odd 659 00:33:25,640 --> 00:33:28,640 Speaker 2: structure you you could have ever imagined for a for 660 00:33:28,720 --> 00:33:31,600 Speaker 2: an athlete deal. He's going to be paid two million 661 00:33:31,640 --> 00:33:34,320 Speaker 2: dollars a year for the ten years that he's playing. Meanwhile, 662 00:33:34,400 --> 00:33:36,920 Speaker 2: players out there of his caliber could be paid forty 663 00:33:37,000 --> 00:33:39,480 Speaker 2: or fifty million dollars for that time per year. But 664 00:33:39,520 --> 00:33:41,800 Speaker 2: he's being paid two million a year. Then in the 665 00:33:41,920 --> 00:33:45,320 Speaker 2: ten years after the contract expires, he will be paid 666 00:33:45,360 --> 00:33:49,120 Speaker 2: sixty eight million dollars a year. Now, if you get 667 00:33:49,120 --> 00:33:52,000 Speaker 2: the net present value of that deal, it plays a 668 00:33:52,040 --> 00:33:55,480 Speaker 2: little bit more like a forty five million dollar a 669 00:33:55,560 --> 00:33:58,400 Speaker 2: year deal over ten years, pay out evenly forty five 670 00:33:58,440 --> 00:34:01,000 Speaker 2: a year, right, So you know, my present value is 671 00:34:01,120 --> 00:34:03,800 Speaker 2: like three hundred and fifty million, three hundred and sixty 672 00:34:03,800 --> 00:34:05,680 Speaker 2: million dollars depending on discountry US. 673 00:34:06,120 --> 00:34:10,440 Speaker 8: That's Vince Gennaro, Associate Dean and Clinical Associate Professor at 674 00:34:10,480 --> 00:34:14,800 Speaker 8: the NYU Preston Robert Tush Institute for Global Sports, breaking 675 00:34:14,880 --> 00:34:18,239 Speaker 8: down Otani's record deal, and that does it for this 676 00:34:18,400 --> 00:34:21,920 Speaker 8: special edition of the Bloomberg Business of Sports Show. Thanks 677 00:34:21,920 --> 00:34:25,360 Speaker 8: for listening all year long. We really mean that, Thank 678 00:34:25,400 --> 00:34:28,319 Speaker 8: you listening to the Bloomberg Business of Sports for the 679 00:34:28,520 --> 00:34:31,840 Speaker 8: entire team and my colleagues Scarlett Food and Danni and 680 00:34:31,920 --> 00:34:35,520 Speaker 8: Sassaur and all the great people behind the glass. Thank 681 00:34:35,560 --> 00:34:38,439 Speaker 8: you so much. I'm Michael Barr. Tune in again next 682 00:34:38,480 --> 00:34:40,760 Speaker 8: week for the latest on the stories moving big money 683 00:34:40,920 --> 00:34:43,440 Speaker 8: in the world of sports. You're listening to The Bloomberg 684 00:34:43,480 --> 00:34:46,840 Speaker 8: Business of Sports from Bloomberg Radio around the world.