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Speaker 1: This is Bloomberg Business of Sports, where in a situation

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

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

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Speaker 1: for for a year. From a macro standpoint, I think

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Speaker 1: our sport industry is really forced to look at the

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Speaker 1: business a little bit differently in depth conversations with the

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Speaker 1: leaders in the sports industry and sport is a good admiration.

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Speaker 1: Were still moving forward with part of something much bigger

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Speaker 1: than the sport right now, the health and sadustry of

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Speaker 1: our stakeholders are really smart important every moment. I think

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Speaker 1: we're all from a business respective thinking about the impact

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Speaker 1: that the virus is having across the country. In Bloomberg

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Speaker 1: Business of Sports from Bloomberg Radio, Hi everyone, I'm Jason Kelly,

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Speaker 1: and I'm Mike Lynch and I'm Michael Barr. Over the

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Speaker 1: next hour, we will explore the big money issues in

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Speaker 1: the world of sports and talk to some of the

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Speaker 1: biggest players in the industry. All right, guys, lots going

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Speaker 1: on in sports, and the masters continues to resonate in

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Speaker 1: various ways. I will say my favorite thing, on sort

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Speaker 1: of a light note was I don't know if you

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Speaker 1: guys saw this on Twitter, but the pictures of the

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Speaker 1: champion at the Atlanta Airport with the green jacket like

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Speaker 1: slung over the over the chair at Hartsfield. I love

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Speaker 1: that so much. Um. But one of the really resonant images,

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Speaker 1: a series of images, one positive one negative in a

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Speaker 1: way was Lee Elder. Certainly the positive. Let's hear what

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Speaker 1: he had to say to me. My heart is very

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Speaker 1: solve this morning, solve because of the wonderful things that

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Speaker 1: I have encountered since since a raven Hire on Monday

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Speaker 1: and being able to see some of the great brands

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Speaker 1: that I have made over the pace years. First of all,

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Speaker 1: let's just talk about Lee Elder for a minute, and

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Speaker 1: and I will say, you know, Michael Barr, I was

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Speaker 1: grateful to you because when we spoke with Billy Andrei

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Speaker 1: last week ahead of the Masters, and we talked with

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Speaker 1: Brett Polley as well, are Atlanta Beer Chief about what

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Speaker 1: is going on, you know, you reference Lee Elder and

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Speaker 1: how important he was to the game of golf, and

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Speaker 1: it was a very poignant moment um. And then of

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Speaker 1: course Lynch, someone's got to come along and ruin it.

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Speaker 1: Gary Player was up there with him one of the

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Speaker 1: two people that Leelder referenced, Jack Nicholas being the other

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Speaker 1: of course, and Gary Player's son, come on, man, I

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Speaker 1: kind of noticed it when it was happening, and um,

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Speaker 1: you know, you don't usually hold a sleeve of balls horizontally.

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Speaker 1: You hold him vertically and you take the ball out

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Speaker 1: of the top and you put the sleeve back in

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Speaker 1: the in the bag. But this he admitted it. Wayne Player,

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Speaker 1: one of Gary's sons, said, I thought it'd be cool

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Speaker 1: to know what ball my dad was teeing off with.

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Speaker 1: And this has charged a firestorm. Obviously there's a family

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Speaker 1: feud going on with the Players family. His brother Mark

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Speaker 1: is not a big fan of his brother Wayne. Um.

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Speaker 1: There are reports that unconfirmed, that he has been booted

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Speaker 1: off the grounds of Augusta National permanently. But this is

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Speaker 1: a brand ball that his dad has formed an alliance

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Speaker 1: with Encore. They make a bunch of different balls called

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Speaker 1: ver Oh, it's not a big ball that people use.

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Speaker 1: I did some research the three most notable people that

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Speaker 1: use that ball or Zekeel Elliott, Charles Schwab and Josh Allen,

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Speaker 1: the quarterback of the Buffalo Bill. So nobody on tour

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Speaker 1: is using it, but yeah, I thought was a little disrespectful,

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Speaker 1: especially in that particular moment with Lee All They're standing there.

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Speaker 1: It was an emotional moment with the players from Pain

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Speaker 1: College and a a number of African American UH golf professionals

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Speaker 1: in the background. It reminded me of the ninety nine

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Speaker 1: All Star Game when John Henry Williams made his dad

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Speaker 1: wear a hat that said hit or dot net in

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Speaker 1: a shirt hitter dot net when they took him out

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Speaker 1: in a golf cart and he met the greatest living

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Speaker 1: players in the history of Major League Baseball. Yeah, and

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Speaker 1: of course the the bogus moment as it were, was

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Speaker 1: you know, Wayne holding this in holding this sleeve of

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Speaker 1: golf balls horizontally and and clearly edging them, uh into

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Speaker 1: into the shot, you know, into the live shot, and

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Speaker 1: then a lot of the still photos. So um, not

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Speaker 1: in good taste. And listen, we know all of us

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Speaker 1: and and certainly from talking to our friends on the

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Speaker 1: p G I the Masters August National, they do not

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Speaker 1: mess around. And uh that is that is not cool?

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Speaker 1: Man in colleague signal, thanks the stop looks love right

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Speaker 1: up and with thirty five seconds ago on the tired

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Speaker 1: three game the league. Manning to Burris, Manning to Buris,

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Speaker 1: that was historic in many ways. And the reason we're

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Speaker 1: like rubbing it in a little bit, sorry, Lynchi, is

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Speaker 1: because had you been able to bet, and you were

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Speaker 1: betting on the New York Football Giants at that point

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Speaker 1: they were a twelve point underdog, Well guess what you

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Speaker 1: might be able to do for a future Giants Patriots

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Speaker 1: super Bowl, which it seems a little bit laughable at

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Speaker 1: this moment in time, but you're gonna be able to

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Speaker 1: bet in New York. Michael Barr, are you just I mean,

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Speaker 1: is that sound I hear you rubbing your hands together. Yes,

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Speaker 1: that's exactly what it is. In fact, I need to

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Speaker 1: get some lotion because I have chapped my hands because

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Speaker 1: I am excited about this. You know. I know people

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Speaker 1: are saying, hey, you know, it's not gambling is not

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Speaker 1: my thing, and that's cool, but it's my thing, and

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Speaker 1: I it's gonna be a good money maker for New

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Speaker 1: York State. Now they're still trying to iron this out

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Speaker 1: because they the state wants to kind of run it

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Speaker 1: like the lottery, and and the casinos are like, well

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Speaker 1: wait a minute, we we gotta figure something out. So

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Speaker 1: they gotta work on those things. But yeah, once New

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Speaker 1: York State gets there is gonna be probably the biggest

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Speaker 1: market for gambling in the nation. Bar will never go home.

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Speaker 1: He'll just say he'll nefinite leave the state of New York.

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Speaker 1: But for Mrs Barr is like, wow, you're really working late,

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Speaker 1: working hard here. It's a little bit suspicious of what

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Speaker 1: you're doing. It's like, it's just betting. Don't worry, it's

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Speaker 1: just betting. Yeah, And that it is notable that they're

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Speaker 1: taking a little bit of a different approach because you know,

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Speaker 1: folks are skeptical about, you know, betting in in some

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Speaker 1: ways and sort of the ripple effects across society and

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Speaker 1: people getting themselves in trouble. Not everyone is as responsible

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Speaker 1: as you, um, Michael Bar. So it would be interesting

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Speaker 1: to see if this does become a little bit more

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Speaker 1: of the model, as you say, based more on the

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Speaker 1: lottery system, uh, and not as reliant on on the

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Speaker 1: traditional casinos. So we'll see. We'll see Lynchi with the

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Speaker 1: selection in the first round of the two thousand nine

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Speaker 1: first year Player Draft the Los Angeles Angels of Anaheim

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Speaker 1: Selette Michael Trump, Well, that was a historic moment in baseball.

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Speaker 1: Feels like we're having a lot of historic moments of late,

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Speaker 1: So let's get into all of that with a guy

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Speaker 1: who knows it all. We're talking about, Tony Gregancy is

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Speaker 1: Major League Baseball's Chief Baseball Development officer. Tony. Really nice

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Speaker 1: to have you with us. Great could be with you, guys.

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Speaker 1: I'm looking forward to the conversation. So let's start with

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Speaker 1: that clip. You were the GM that made that call

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Speaker 1: for Michael Trout as he was called in the draft,

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Speaker 1: So formally, take us back there, take us back to

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Speaker 1: you know, that job in baseball as we get into

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Speaker 1: this broader conversation of the state of baseball. It was

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Speaker 1: a an awesome time for us as an organization, you know,

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Speaker 1: that particular moment, you know, the drafting of Mike Trout,

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Speaker 1: you know, really started the year before when when we

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Speaker 1: traded for Mark to share and to share ended up

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Speaker 1: not resigning with with the Angel which really gave us

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Speaker 1: an opportunity to be in a position to take Mike

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Speaker 1: um in the two thousand and nine draft. And if

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Speaker 1: you look at that, if uh, you know Trout is

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Speaker 1: actually the only player in the room at the at

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Speaker 1: the draft in New York in secaucus of the MLB

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Speaker 1: Networked Studios and UM, I think he was nervous because

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Speaker 1: he thought he probably would go sooner than he he did.

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Speaker 1: But you know, we were fortunate that a lot of

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Speaker 1: teams passed up on him and we had the selection

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Speaker 1: that year. You know, he was our guy. Our scouting

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Speaker 1: staff are, our development people did a great job and

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Speaker 1: you know, recognizing the talent um and we made the call.

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Speaker 1: Uh a kid from the northeast New Jersey and uh,

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Speaker 1: you know, arguably now is the best player in the game. So,

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Speaker 1: you know, cool moment for myself and the Angels organization

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Speaker 1: and Angels fans. Tony Sir, I don't know where to start.

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Speaker 1: There's so many things that you have in your resume.

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Speaker 1: Probably the one that jumps out is that in the

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Speaker 1: MAMLB history you're one of just six African American g ms.

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Speaker 1: And you expand on that and what that moment means

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Speaker 1: for the game. Yeah, I mean, I it's an accomplishment

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Speaker 1: that I didn't take lightly. Uh. I understood, you know

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Speaker 1: what it meant in terms of historical UH perspective, I

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Speaker 1: understood understood, And just having a conversation with guys like

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Speaker 1: Bob Watson. Um, you know what to expect in terms

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Speaker 1: of um, interacting with other general managers in the league,

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Speaker 1: and negotiating with with agents and and and player relationships

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Speaker 1: and and the whole process was just, uh, something that

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Speaker 1: I didn't take lightly. UM. I thought I was able

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Speaker 1: to communicate well and and and establish good relationships around

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Speaker 1: the game over the years. I've been at that time

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Speaker 1: in the game for about seventeen years, and so I

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Speaker 1: had good relationships. But you know, I didn't take it lightly,

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Speaker 1: and and relied on a lot of people for information

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Speaker 1: and you know, and and how I would about my business.

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Speaker 1: And so I just, uh, you know, rolled up my

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Speaker 1: sleeves and kept doing what I what I always did,

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Speaker 1: and and that was, you know, trying to work as

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Speaker 1: hard as I could, be informed, create good information, and

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Speaker 1: make sound decisions. You know, a lot of those decisions

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Speaker 1: worked out really well, and some of them didn't work

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Speaker 1: out so well. But uh, you know, we had fun

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Speaker 1: while we were doing it. I think our club was successful, um.

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Speaker 1: And you know, we won a hundred games the first

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Speaker 1: time in the history of the organization, and I think

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Speaker 1: the only time that the Angels have won a hundred

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Speaker 1: games in the season, so there was a lot of

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Speaker 1: cool moments. But uh, you know, being an African American GM,

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Speaker 1: you know, I think I'm the only one in the

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Speaker 1: history of the game that started, you know as an

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Speaker 1: intern and and didn't play professionally but ended up running

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Speaker 1: the club. So a lot of cool moments for me

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Speaker 1: and my family and and uh, you know something that

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Speaker 1: I didn't take lightly. I just want to follow up

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Speaker 1: on that you start you wearing this job because you

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Speaker 1: work your way up through the Angels organization starting as

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Speaker 1: an intern. How any young African American men or women

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Speaker 1: will have dreams to be the next Tony Reagan's have

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Speaker 1: you encountered since you had that job? And have you

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Speaker 1: mentored and advised? You know, there's you know, surprisingly there

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Speaker 1: are a number that that want you to go down

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Speaker 1: this path but don't don't really know how to do it,

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Speaker 1: and um, you know, and that was that was me,

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Speaker 1: uh you know, back you know, as a as a

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Speaker 1: senior out of college in cal State Fullerton, I didn't

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Speaker 1: know how to go about, you know, even getting into

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Speaker 1: an organization. It was just by by flute that that

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Speaker 1: I went down to the Angels, um Angel stadium and

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Speaker 1: and did the internship or got the internship with the Angels.

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Speaker 1: It was just a friend of mine that that heard about,

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Speaker 1: you know, that internship program, and so really access is

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Speaker 1: really important. And now at the league we're doing, you know,

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Speaker 1: things that are are creating that access, you know, going

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Speaker 1: to HBCUs and and interacting with with students at that level,

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Speaker 1: um creating internship programs here at the league office and

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Speaker 1: and around the thirty clubs. So I think that access

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Speaker 1: and that information about you know, how you go about

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Speaker 1: getting into into the game is extremely important and something

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Speaker 1: that we're doing a better job, you know, as opposed

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Speaker 1: to how we were doing it years ago. And so

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Speaker 1: fair to say, Tony, that that the conversation has has

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Speaker 1: elevated and expanded, especially over over the last year where

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Speaker 1: where it feels like even societally and certainly across sports

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Speaker 1: and Major League Baseball in particular, we're talking about diversity

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Speaker 1: of voices, you know, diversity. You know, just in the

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Speaker 1: last uh, you know, twelve fourteen months, you know there,

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Speaker 1: you know, there's a heightened awareness of heightened sense of

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Speaker 1: of diversity and what diversity, equity, inclusion, you know what

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Speaker 1: that all means. You know here at the league. You know,

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Speaker 1: it's something that we you know, not shied away from.

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Speaker 1: We've we've been intentional in terms of creating programming, creating

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Speaker 1: opportunities for for African Americans specifically to to to be

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Speaker 1: a part of our game. Uh. Some of those things

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Speaker 1: are some of those jobs and those opportunities are are

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Speaker 1: behind the scenes and not out front, not on the diamond,

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Speaker 1: not in the front office, but at the league level.

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Speaker 1: And and some of those are are starting to to

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Speaker 1: uh pay huge benefits to two organizations. Uh. We see

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Speaker 1: a lot of kids now starting to climb um like

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Speaker 1: I did many years ago. And it takes it takes

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Speaker 1: time and something that we're patient with. But you know,

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Speaker 1: we want we want to create as many diverse opportunities

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Speaker 1: as we can. And it's something that we've we've been

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Speaker 1: intentional about. A commissioner has been very vocal not only

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Speaker 1: to um, you know, the front office here at the league,

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Speaker 1: but you know the thirty owners as well. So UM,

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Speaker 1: you know, we're looking forward to you know, more diverse product.

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Speaker 1: Obviously our product on the field is very diverse, but

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Speaker 1: you know, in front offenses of a round, the league

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Speaker 1: looking at a more diverse product. In honor of Jackie,

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Speaker 1: Major League Baseball is taking the unprecedented step of retiring

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Speaker 1: his uniform number number forty two in perpetuity. Number forty two,

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Speaker 1: from this day forward will never again be issued by

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Speaker 1: a Major League club. And that, of course, is former

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Speaker 1: Commissioner Bud Sea lig talking about Jackie Robinson Day. It

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Speaker 1: was this week. So how appropriate that we are talking

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Speaker 1: to the Chief Baseball Development Officer, Tony Reagan. So Tony

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Speaker 1: talked to me, It talked to us about Jackie Robinson Day.

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Speaker 1: You know, we were talking earlier in the show about

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Speaker 1: you know, efforts around diversity. But when you think about

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Speaker 1: the the two or three really most historic moments in

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Speaker 1: the history of baseball, the signing of Jackie Robinson is

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Speaker 1: up there for sure. Tell us what that means now,

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Speaker 1: I would argue it's probably the most important moment in

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Speaker 1: the history of the game, you know, due to the

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Speaker 1: impact that it had on not only the game of baseball,

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Speaker 1: but the country. Um. And you know, to get to

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Speaker 1: know um Jackie Robinson, um from the perspective that I

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Speaker 1: that I know him in terms of Mr Rachel Robinson

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Speaker 1: and Sharon and and Preston Gomez, who who worked for

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Speaker 1: me back with the Angels and was a coach when

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Speaker 1: he was when Jackie was with the Dodgers. And to

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Speaker 1: see Preston, you know, talk about Jackie and the things

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Speaker 1: that he went through and how he persevered and and

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Speaker 1: and and just stayed focused, um in in the face

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Speaker 1: of you know, you know, death and and just a tough,

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Speaker 1: tough situation. Jackie persevered and and he was he was

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Speaker 1: arguably probably the most impactful person in the history of

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Speaker 1: our game. And you know, I am really thankful, grateful

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Speaker 1: for the opportunity to tow that I have because you know,

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Speaker 1: none of that happens without Jackie. Every African American player

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Speaker 1: that is um in our game, every African American executive

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Speaker 1: around the league really owes uh, you know, everything, because

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Speaker 1: without him, none of us have access to this sport.

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Speaker 1: I think it's more than just baseball on it's an

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Speaker 1: African American. I mean, it helped pave the way for

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Speaker 1: me to do what I'm doing. And and I have

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Speaker 1: to be honest, by the way, every time I see

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Speaker 1: the clip of Jackie Robinson stealing home on Yogi Bear

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Speaker 1: or I just laughed behind me off because it's like

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Speaker 1: that's one of the greatest moments in baseball ever and

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Speaker 1: he pulled it off. So I guess to expand on

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Speaker 1: what I'm saying is and in honor what NLB has done,

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Speaker 1: they've expanded its partnership with the Jackie Robinson Foundation and

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Speaker 1: they will include better investment for the UH Scholarship program.

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Speaker 1: Can you expand more on that? I mean, it's it's

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Speaker 1: a relationship that we've had over the years and we

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Speaker 1: continue to strengthen. You know, we believe that the work

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Speaker 1: that the Foundation has done over the years in terms

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Speaker 1: of UM, the scholarship program, UH, the access that that

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Speaker 1: the program and the foundation has had in Major League Baseball,

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Speaker 1: in terms of you know, young folks that have graduated

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Speaker 1: from the program, I've gone on and worked in major

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Speaker 1: league clubs and UM. So it's it's an organization that Ms.

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Speaker 1: Rachel Robinson that shepherd and lead and has has done

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Speaker 1: a remarkable job and Sharon as well if they've done

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Speaker 1: a great job and carrying on the legacy of Jackie.

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Speaker 1: So UM it's a partnership that Major League Baseball cherishes

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Speaker 1: and honors, honors and respects, and it's it's something that

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Speaker 1: we you know, we are going to continue to to

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Speaker 1: poster and develop over for many years to come. Tony Um.

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Speaker 1: Last week a number of players said they were donating

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Speaker 1: a portion or a full one game salary to the

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Speaker 1: Players Alliance. David Price that would be close to two

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Speaker 1: thousand UM, Jason Hey were to be about a hundred

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Speaker 1: and thirty thousand. Jackie Bradley Jr. That would mean about

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Speaker 1: a forty dollar donation to the Players Alliance. We had

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Speaker 1: Curtis Grandison on the show last summer when nobody knew

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Speaker 1: what was going to be happening when baseball was being rescheduled,

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Speaker 1: how many games that were gonna play with COVID shut

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Speaker 1: it down, and it looked like the Players Alliance might

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Speaker 1: have a shelf life of a couple of months when

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Speaker 1: they went around the country distributing equipment and trying to

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Speaker 1: encourage young people to play. Has a move like this

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Speaker 1: really boasted the Players Alliance and they're gonna have legs

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Speaker 1: and be around for a long time. I believe they are.

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Speaker 1: Curtis has really been um out front um and and

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Speaker 1: his business savvy is really important. His organizational skills are

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Speaker 1: really really important. So he's done a great job. Uh

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Speaker 1: CC has you know, coming off the field, he's jumped

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Speaker 1: right in, wants to be involved and engaged. I again,

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Speaker 1: when that when Jackson, I think is involved. Um. Camera

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Speaker 1: made them a lot of these guys that are really

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Speaker 1: passionate about the work, and I'm passionate about the games,

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Speaker 1: especially the game. The black community really important, and so

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Speaker 1: I think that the Players Alliance will be around for

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Speaker 1: many years to come. I think they have the support

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Speaker 1: of the league, major League Baseball, and the Major League

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Speaker 1: Baseball Players Association, so that's important. There will be, uh,

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Speaker 1: some moments where you see the Players Alliance getting involved

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Speaker 1: and engaged in and and growing our sport, which is

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Speaker 1: really important. So you know, I'm excited to work alongside

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Speaker 1: and partner with them on various initiatives from the league standpoint,

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Speaker 1: and um, you know, we're excited about being able to

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Speaker 1: just to help grow the game together alongside the players.

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Speaker 1: So Tony, you know, we talk a lot on this

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Speaker 1: show about access to sports because it's an economic question

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Speaker 1: in many ways. We were talking just recently with a

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Speaker 1: pro golfer about it with the game of golf. I

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Speaker 1: grew up playing baseball. I think my co host here

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Speaker 1: did too. I'm guessing you did as well. UM, And

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Speaker 1: even then access it felt like was a little bit easier.

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Speaker 1: But in the world of travel ball and everything that's

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Speaker 1: going on in the world, it does feel like that

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Speaker 1: income gap, that wealth gap manifests itself in youth sports.

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Speaker 1: What does baseball do about that? I think you're right

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Speaker 1: in terms of UM, you know, access and economics. I

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Speaker 1: think those two things do do connect and intersect. UM.

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Speaker 1: You know, I think travel ball and travel sports, not

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Speaker 1: just baseball, but travel sports in general, UM is a

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Speaker 1: blessing and accurse in a lot of ways. Uh, it's

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Speaker 1: a blessing. And that there are a ton of kids

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Speaker 1: around the country, UM that are engaged in the travel

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Speaker 1: component of our sport, not just baseball, softball, but uh,

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Speaker 1: you know, all sports. So that travel piece exists, and

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Speaker 1: the cost associated whether it can be a detriment for

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Speaker 1: a lot of you know, families, especially those that are

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Speaker 1: underserved and don't have the economic means to you know,

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Speaker 1: to play our sport. UM. And so what we've tried

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Speaker 1: to do is create programs that that take and eliminate

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Speaker 1: the economic piece. UH. A lot of costs free programming

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Speaker 1: that exists UM. From the Commissioner's Office that we put

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Speaker 1: into into practice over the last really five five years,

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Speaker 1: that kids don't have to to come up with the

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Speaker 1: you know, the dollars that it that it takes to

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Speaker 1: to participate. So if you know, one of the things

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Speaker 1: that is extremely important is that we eliminate that that

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Speaker 1: cost barrier. So we're trying, we're trying, and we're working

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Speaker 1: on on that piece of it because you know, economics

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Speaker 1: is important. Um. Not everyone has the kind of financial

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Speaker 1: means that you know, those that are able to to

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Speaker 1: that those that have uh not everyone has that. And

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Speaker 1: if you look at you know, countries like the Dominican

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Speaker 1: or Mexico, uh those kids participate, um and they don't

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Speaker 1: have the premier equipment, but they're out there planning. So

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Speaker 1: we're just trying to get bats and balls and hands,

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Speaker 1: um creating safe environments in terms of fields to to

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Speaker 1: to play our sport and really you know, create that

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Speaker 1: access that that young people want. Just coming out outside

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Speaker 1: of the pandemic, it'll be really important to to make

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Speaker 1: sure that kids have an opportunity to just get outside

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Speaker 1: and play, and not necessarily in a in a formal way,

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Speaker 1: but just get out and throw a baseball around or

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Speaker 1: play cats or play home run Derby. Those things are

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Speaker 1: going to be important, um, you know, as we get

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Speaker 1: on the other side of this pandemic. I was just

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Speaker 1: gonna go on into that because sentences I don't hear

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Speaker 1: the way I used to hear when I was a kid.

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Speaker 1: We would just simply say, all right, let's get up

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Speaker 1: a game or twos upsides, and there we are. We

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Speaker 1: go off to the field and and we're off. And

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Speaker 1: I don't hear that as much anymore. I don't know

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Speaker 1: if it's because we're in a society now, we're we're

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Speaker 1: loaded with cell phones and video games. That what is

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Speaker 1: the answer to that? Mhm, Mike. I think you make

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Speaker 1: a great point. And you know, society has teamed since

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Speaker 1: you know, we were we were coming up in terms

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Speaker 1: of you know, our parents, would you know, let us,

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Speaker 1: you know, go out down the street, play in the

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Speaker 1: park and you know, be be home before the lights,

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Speaker 1: you know, the street lights turned on. And now you know,

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Speaker 1: with with you know, various safety concerns, parents you know

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Speaker 1: don't let their kids just you know, run down the

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Speaker 1: street and go to the parking and play by themselves.

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Speaker 1: That and so you know, the really important part is

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Speaker 1: that we can create safe environments for for kids to play.

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Speaker 1: And I think that that's you know, some of the

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Speaker 1: things that we've done, not only with our partnership with

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Speaker 1: with the Boys and Girls Club, but the cal rip

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Speaker 1: Can Senior Foundation, UM, the Players Alliance. UH. You know,

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Speaker 1: all of these organizations understand that, you know, safety first

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Speaker 1: and foremost is important, and then creating access you know,

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Speaker 1: to our game is the second piece. So UM, you know,

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Speaker 1: we were hopeful that we can get to a place

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Speaker 1: where that you know, the game is always conducted in

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Speaker 1: the safe environment, you know, first and foremost. That's that's

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Speaker 1: that's the primary, uh piece of this. And then from that,

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Speaker 1: you know, create as many opportunities to play the game

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Speaker 1: as we can. Tony are roughly eight per cent of

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Speaker 1: UH of the rosters and opening day constituted black or

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00:25:18,640 --> 00:25:22,160
Speaker 1: African American ball players. How do you attract the young

431
00:25:22,400 --> 00:25:26,600
Speaker 1: blackball player today, keep him interested or her interested in

432
00:25:26,680 --> 00:25:30,840
Speaker 1: softball up through the formative years and the developmental years,

433
00:25:31,000 --> 00:25:36,280
Speaker 1: through junior high, high school, and eventually maybe into a college.

434
00:25:36,400 --> 00:25:39,359
Speaker 1: You know, what's really really cool is that, you know

435
00:25:39,400 --> 00:25:42,080
Speaker 1: a lot of times I hear, well, African Americans aren't

436
00:25:42,119 --> 00:25:45,760
Speaker 1: playing baseball are not playing football. And you know, I've

437
00:25:45,800 --> 00:25:49,399
Speaker 1: been fortunate to travel the country, you know, over the

438
00:25:49,480 --> 00:25:52,719
Speaker 1: last you know six years and and see, you know,

439
00:25:52,800 --> 00:25:55,440
Speaker 1: programs that are in place where you know, whether it's

440
00:25:55,440 --> 00:25:59,320
Speaker 1: our academies or or the RBI program or just individual

441
00:26:00,160 --> 00:26:04,160
Speaker 1: former players or or you know coaches, high school coaches,

442
00:26:04,640 --> 00:26:09,080
Speaker 1: youth youth coaches and mentors, uh starting their own programs.

443
00:26:09,600 --> 00:26:12,080
Speaker 1: And so you know, I look at the work back

444
00:26:12,240 --> 00:26:16,320
Speaker 1: markis christm has done down in Atlanta, where you know,

445
00:26:16,440 --> 00:26:20,080
Speaker 1: he's taking a program that was really that didn't exist

446
00:26:20,480 --> 00:26:24,480
Speaker 1: to something that's really really robust, where you know, he's

447
00:26:24,520 --> 00:26:29,840
Speaker 1: getting kids that are seven, eight, nine years old and uh,

448
00:26:29,920 --> 00:26:35,400
Speaker 1: you know, training them, growing them, educating them, teaching them

449
00:26:35,400 --> 00:26:38,040
Speaker 1: about the game and not just the game, but about life.

450
00:26:38,640 --> 00:26:40,679
Speaker 1: And then these kids are going on to you know,

451
00:26:40,720 --> 00:26:42,480
Speaker 1: play at the high school level to play at the

452
00:26:42,520 --> 00:26:44,480
Speaker 1: college level, and you know a lot of the kids

453
00:26:44,480 --> 00:26:47,120
Speaker 1: out of that program or are our experience in pro

454
00:26:47,200 --> 00:26:50,639
Speaker 1: ball as well. So UM and those type of programs

455
00:26:50,680 --> 00:26:53,640
Speaker 1: exist all around the country. There's just pockets and it's

456
00:26:53,680 --> 00:26:57,480
Speaker 1: not as as uh connected as we would like. There's

457
00:26:57,600 --> 00:27:01,399
Speaker 1: there is a lot of fragmentation, but there are a

458
00:27:01,440 --> 00:27:03,960
Speaker 1: lot of African Americans playing and you'll start to see,

459
00:27:04,119 --> 00:27:07,760
Speaker 1: as we you know, get in the next few years. Um,

460
00:27:07,800 --> 00:27:12,679
Speaker 1: a consistent wave of African American talent being drafted at

461
00:27:12,680 --> 00:27:15,359
Speaker 1: the highest levels of our sport. And if you can

462
00:27:15,400 --> 00:27:17,399
Speaker 1: just look at the last five years, I think about

463
00:27:17,440 --> 00:27:19,920
Speaker 1: seventeen percent of the kids going in the first round

464
00:27:20,400 --> 00:27:22,800
Speaker 1: our African American. And I think that trend is going

465
00:27:22,880 --> 00:27:24,879
Speaker 1: to not only continue, but I think it's going to

466
00:27:24,920 --> 00:27:30,879
Speaker 1: grow as we move forward. Well, Tony, you know, given

467
00:27:30,920 --> 00:27:33,680
Speaker 1: everything that's going on in the world and in the country,

468
00:27:33,720 --> 00:27:35,159
Speaker 1: that there are a couple of things we wanted to

469
00:27:35,200 --> 00:27:36,639
Speaker 1: make sure we talked to you about. And you know

470
00:27:36,680 --> 00:27:39,720
Speaker 1: you mentioned Marquis Grissom down in Atlanta. I'm an Atlanta

471
00:27:39,760 --> 00:27:42,840
Speaker 1: guy and I've been following everything very closely that that's

472
00:27:42,840 --> 00:27:45,520
Speaker 1: going on down there. I know it was a big

473
00:27:45,560 --> 00:27:48,040
Speaker 1: decision made by a lot of different people and ultimately

474
00:27:48,080 --> 00:27:51,320
Speaker 1: the Commissioner. But talk to us about the importance of

475
00:27:51,840 --> 00:27:55,119
Speaker 1: the All Star Game not being uh in Atlanta owing

476
00:27:55,240 --> 00:27:58,000
Speaker 1: to what's going on down there as it relates to

477
00:27:58,080 --> 00:28:03,080
Speaker 1: these new election laws. Sure, Um, you know, the Commissioner

478
00:28:03,119 --> 00:28:06,200
Speaker 1: made a statement. Um, you know, you know we stand

479
00:28:06,240 --> 00:28:09,240
Speaker 1: by that statement. UM as a relations to the league

480
00:28:09,240 --> 00:28:13,680
Speaker 1: and the league league's position. But what I would really uh,

481
00:28:13,800 --> 00:28:16,239
Speaker 1: you know, commend the commissioner on is the process that

482
00:28:16,320 --> 00:28:19,119
Speaker 1: he went through and me being kind of in the

483
00:28:19,200 --> 00:28:23,280
Speaker 1: room and and and getting some of the feedback that

484
00:28:23,840 --> 00:28:27,040
Speaker 1: and providing some of the feedback to the commissioner as well.

485
00:28:27,720 --> 00:28:31,520
Speaker 1: But the process that he went through, UM, the conversations

486
00:28:31,520 --> 00:28:35,520
Speaker 1: that he had. He didn't make the decision in the vacuum.

487
00:28:35,880 --> 00:28:39,400
Speaker 1: He was very thoughtful and methodical about about the way

488
00:28:39,520 --> 00:28:42,680
Speaker 1: he he went about the decision making process, the people

489
00:28:42,760 --> 00:28:46,080
Speaker 1: he talked to, so he got a wide range of opinions,

490
00:28:46,080 --> 00:28:48,640
Speaker 1: whether it be from you know, former Major league players,

491
00:28:49,640 --> 00:28:54,440
Speaker 1: the Major League Players Association, UM, a lot of uh

492
00:28:54,520 --> 00:28:59,680
Speaker 1: you know, employees. He his process was very very methodical

493
00:28:59,840 --> 00:29:02,320
Speaker 1: and informed, and I think he made the best decision

494
00:29:02,800 --> 00:29:06,080
Speaker 1: for our sport. And you know, we stand by them.

495
00:29:06,520 --> 00:29:09,520
Speaker 1: You were in that room. How much do you believe

496
00:29:09,840 --> 00:29:14,000
Speaker 1: of an impact you had in the helping the commissioner

497
00:29:14,360 --> 00:29:17,920
Speaker 1: make this decision. I just believe that, you know, we

498
00:29:17,920 --> 00:29:22,920
Speaker 1: we all voiced our opinions UM. And he again got

499
00:29:22,960 --> 00:29:25,560
Speaker 1: a lot of different opinions from a lot of different people.

500
00:29:25,640 --> 00:29:28,080
Speaker 1: And I think anytime you know, I go back to

501
00:29:28,160 --> 00:29:31,239
Speaker 1: my g M days. Anytime you're gonna make, you know,

502
00:29:31,400 --> 00:29:34,480
Speaker 1: a decision that is impactful, to have as much information

503
00:29:34,520 --> 00:29:39,200
Speaker 1: at your your fingertips as you can is extremely important.

504
00:29:39,280 --> 00:29:42,120
Speaker 1: And I think he collected a lot of thoughts, got

505
00:29:42,160 --> 00:29:45,560
Speaker 1: a lot of information, and then you know, made you know,

506
00:29:45,600 --> 00:29:47,800
Speaker 1: the best call that he could make. Tony. The c

507
00:29:47,960 --> 00:29:50,480
Speaker 1: B A expires at the end of the season. UM.

508
00:29:50,680 --> 00:29:55,040
Speaker 1: Historically relations have always been contentious between the players, association

509
00:29:55,480 --> 00:29:59,160
Speaker 1: and ownership and coming to a new c B A. UM,

510
00:29:59,480 --> 00:30:01,479
Speaker 1: do you see that changing it all this time around?

511
00:30:03,680 --> 00:30:05,360
Speaker 1: You know, when when it comes to c B A

512
00:30:05,680 --> 00:30:08,600
Speaker 1: and you know this is obviously, you know, not new,

513
00:30:08,680 --> 00:30:11,000
Speaker 1: not a new process. You know, you have two sides.

514
00:30:11,040 --> 00:30:14,280
Speaker 1: You have labor and then you have the business UM,

515
00:30:14,600 --> 00:30:16,480
Speaker 1: and so you know, you know, our hope is that

516
00:30:17,960 --> 00:30:20,640
Speaker 1: both sides could come to an agreement and our game continues,

517
00:30:20,880 --> 00:30:24,880
Speaker 1: uh and flourishes. And really that's that's the extent that

518
00:30:24,920 --> 00:30:28,720
Speaker 1: I would get into, you know, those type of negotiations

519
00:30:28,760 --> 00:30:32,120
Speaker 1: because I think that those are our best left to

520
00:30:32,640 --> 00:30:35,440
Speaker 1: the individuals in the room. A lot of you know,

521
00:30:35,520 --> 00:30:40,280
Speaker 1: outside no noise is not productive for anyone, So I

522
00:30:40,320 --> 00:30:42,760
Speaker 1: would leave it at that UM. I think that you know,

523
00:30:42,960 --> 00:30:45,720
Speaker 1: smart people will make smart decisions in our game will

524
00:30:45,720 --> 00:30:49,440
Speaker 1: flourish because you know, the players and the league will

525
00:30:49,440 --> 00:30:52,880
Speaker 1: come to a strong agreement, you know, Tony. And as

526
00:30:52,920 --> 00:30:54,720
Speaker 1: we wrap up, you know, one thing that strikes me

527
00:30:54,840 --> 00:30:57,920
Speaker 1: is that, you know, this year, this past year, whether

528
00:30:57,960 --> 00:31:00,600
Speaker 1: it be because of the pandemic and all the adjustments

529
00:31:00,640 --> 00:31:03,920
Speaker 1: that various sports, including baseball had to make, whether it

530
00:31:04,160 --> 00:31:08,680
Speaker 1: is a reckoning around racial inequality and racial injustice that

531
00:31:08,720 --> 00:31:12,800
Speaker 1: we've also been discussing, the business is fundamentally changed in

532
00:31:12,840 --> 00:31:15,360
Speaker 1: many ways. And I wonder as you think about baseball

533
00:31:15,400 --> 00:31:19,000
Speaker 1: holistically and and sort of putting on your various hats

534
00:31:19,040 --> 00:31:21,720
Speaker 1: and thinking about your career as a GM and now

535
00:31:22,240 --> 00:31:25,680
Speaker 1: with the league, what do you think changes going forward

536
00:31:25,840 --> 00:31:28,440
Speaker 1: about the business of baseball. What are the things that

537
00:31:28,480 --> 00:31:31,600
Speaker 1: maybe we've learned over the last year that will really

538
00:31:31,720 --> 00:31:35,560
Speaker 1: stick in terms of continuing to grow this as a business.

539
00:31:37,840 --> 00:31:40,400
Speaker 1: A couple of things that I think, you know, especially

540
00:31:40,440 --> 00:31:43,240
Speaker 1: from you know, my side of the business, that you know,

541
00:31:43,320 --> 00:31:46,320
Speaker 1: we really had to look look into and look at deeply,

542
00:31:46,600 --> 00:31:52,440
Speaker 1: was this virtual um experiences, virtual presentation of our sport,

543
00:31:52,920 --> 00:31:57,640
Speaker 1: the virtual connection we were able to really impact over

544
00:31:57,680 --> 00:32:03,440
Speaker 1: the last twelve months impact more young people virtually then

545
00:32:03,520 --> 00:32:07,280
Speaker 1: we had in you know, in person. So that's something

546
00:32:07,320 --> 00:32:12,360
Speaker 1: that we're going to really continue to to UM emphasize

547
00:32:12,400 --> 00:32:15,480
Speaker 1: and work on that that virtual we did virtual training,

548
00:32:16,000 --> 00:32:23,040
Speaker 1: virtual presentations, UH, we've had virtual interactions in terms of conversations. UM.

549
00:32:23,120 --> 00:32:25,920
Speaker 1: We've been able to really stay connected with our young

550
00:32:26,000 --> 00:32:29,360
Speaker 1: people UM in a lot of different and unique ways

551
00:32:29,720 --> 00:32:31,640
Speaker 1: that we weren't able to do or that we didn't

552
00:32:31,680 --> 00:32:35,760
Speaker 1: do prior to the pandemic. Most of that those things

553
00:32:35,760 --> 00:32:39,120
Speaker 1: took place in person. UM. For example, we have a

554
00:32:39,200 --> 00:32:41,880
Speaker 1: program called the Dream Series and we do that every

555
00:32:41,880 --> 00:32:46,840
Speaker 1: week every year. Dr Martin Luther King weekend in January.

556
00:32:46,920 --> 00:32:49,960
Speaker 1: We do that every year and we typically get about

557
00:32:49,960 --> 00:32:54,680
Speaker 1: a hundred kids in that program, mostly African American. UM.

558
00:32:54,720 --> 00:32:57,800
Speaker 1: This year we did that same program and we had

559
00:32:58,040 --> 00:33:01,360
Speaker 1: six hundred kids participate in that program. So, you know,

560
00:33:01,440 --> 00:33:04,160
Speaker 1: you're talking about six times the impact, six times that

561
00:33:04,280 --> 00:33:07,440
Speaker 1: reach with really good programming. So those are some of

562
00:33:07,440 --> 00:33:09,160
Speaker 1: the things that we're going to continue to try to

563
00:33:09,360 --> 00:33:13,479
Speaker 1: to enhance and do more of. And UM. You know,

564
00:33:13,640 --> 00:33:16,440
Speaker 1: we're we're excited about the learnings that we're going to

565
00:33:16,520 --> 00:33:19,000
Speaker 1: implement coming out. You know, coming on the other side

566
00:33:19,000 --> 00:33:21,600
Speaker 1: of this pandemic, there are a lot of bright spots

567
00:33:22,360 --> 00:33:26,280
Speaker 1: amongst all the tragedy that this pandemic is brought. We're

568
00:33:26,280 --> 00:33:29,360
Speaker 1: really grateful for your time. We know as the season is,

569
00:33:29,440 --> 00:33:32,240
Speaker 1: you know, starting to find its footing, it's a very

570
00:33:32,240 --> 00:33:35,440
Speaker 1: busy time. Tony Reagan's thanks so much, major League Baseball's

571
00:33:35,880 --> 00:33:40,640
Speaker 1: Chief Baseball Development officer, former GM of the Angels. Thank

572
00:33:40,640 --> 00:33:43,840
Speaker 1: you so much. We really enjoyed it, all right, guys,

573
00:33:43,840 --> 00:33:45,960
Speaker 1: thank you for having me and um, you know, thanks

574
00:33:46,000 --> 00:33:49,120
Speaker 1: for your interested in our sport. Appreciate it. So guys,

575
00:33:49,400 --> 00:33:51,280
Speaker 1: really interesting to to catch up with him, and I

576
00:33:51,320 --> 00:33:54,760
Speaker 1: think important this week, you know, Jackie Robinson day. It

577
00:33:54,760 --> 00:33:58,240
Speaker 1: feels a little uh weightier this year, given everything that

578
00:33:58,280 --> 00:34:00,960
Speaker 1: continues to go on in this country, in some decisions

579
00:34:01,000 --> 00:34:03,960
Speaker 1: that have been made, most notably my Major League Baseball

580
00:34:04,080 --> 00:34:05,800
Speaker 1: and you know, one of the things that that really

581
00:34:05,800 --> 00:34:08,120
Speaker 1: struck me, and I think it's certainly based on on

582
00:34:08,200 --> 00:34:10,920
Speaker 1: your follow up, Michael Barr, it struck you was you know,

583
00:34:10,960 --> 00:34:13,160
Speaker 1: this was a guy who was in the room when

584
00:34:13,239 --> 00:34:17,560
Speaker 1: rob Manfred made the decision to pull out the pull

585
00:34:17,640 --> 00:34:20,680
Speaker 1: the All Star Game out of Atlanta and and that

586
00:34:20,880 --> 00:34:25,200
Speaker 1: really resonated in the broader world. There have been many

587
00:34:25,320 --> 00:34:31,640
Speaker 1: stories now with more businesses joining the chorus of MLB

588
00:34:32,120 --> 00:34:36,720
Speaker 1: and Coca Cola and and Delta and other companies saying

589
00:34:37,600 --> 00:34:43,439
Speaker 1: we do not like the voter restriction laws. And I'm

590
00:34:43,480 --> 00:34:47,399
Speaker 1: just wondering how big is this going to grow as

591
00:34:47,440 --> 00:34:50,759
Speaker 1: we go along? And is And I think about Jackie Robinson, uh,

592
00:34:50,800 --> 00:34:53,480
Speaker 1: And I meant what I said. It's he was way

593
00:34:53,480 --> 00:34:58,040
Speaker 1: more than just baseball. If he allowed me at least

594
00:34:58,040 --> 00:35:02,200
Speaker 1: an avenue to do when I'm doing now, and you

595
00:35:02,239 --> 00:35:04,799
Speaker 1: cannot forget what what he has done, not only for

596
00:35:04,880 --> 00:35:08,040
Speaker 1: baseball but for society in general. What do you make

597
00:35:08,080 --> 00:35:11,280
Speaker 1: of it? Lynchi, What's what jumps out of here? Um?

598
00:35:11,320 --> 00:35:13,080
Speaker 1: I thought that, you know, we were talking about growing

599
00:35:13,080 --> 00:35:18,440
Speaker 1: the game and attracting more, especially young black men and

600
00:35:18,480 --> 00:35:21,719
Speaker 1: women to play softball in baseball, and he said that

601
00:35:21,840 --> 00:35:26,120
Speaker 1: last year they made more connections virtually over the last

602
00:35:26,120 --> 00:35:28,600
Speaker 1: twelve or thirteen months than they did with young people

603
00:35:28,640 --> 00:35:31,719
Speaker 1: in person. And I think they may be onto something. Now.

604
00:35:31,880 --> 00:35:33,360
Speaker 1: We all know that a lot of bad things have

605
00:35:33,440 --> 00:35:34,920
Speaker 1: come out of COVID, and some good things have come

606
00:35:34,960 --> 00:35:37,800
Speaker 1: out of COVID, And if they can continue this connection

607
00:35:38,480 --> 00:35:40,719
Speaker 1: and and keep this connection and keep them in there

608
00:35:40,760 --> 00:35:43,440
Speaker 1: grasping their interests in baseball. I think I think they're

609
00:35:43,480 --> 00:35:45,200
Speaker 1: onto something because they really need to grow as a

610
00:35:45,239 --> 00:35:48,400
Speaker 1: business and and the best way to grow is obviously

611
00:35:49,120 --> 00:35:55,400
Speaker 1: attract young people and have them stay and play. Kid

612
00:35:55,520 --> 00:35:58,120
Speaker 1: feels better to be than one than number five the number.

613
00:35:58,160 --> 00:35:59,680
Speaker 1: Because of Mike, we have a chance to go for

614
00:35:59,760 --> 00:36:01,719
Speaker 1: three around good numbers is a good time. When I

615
00:36:01,760 --> 00:36:03,800
Speaker 1: first started wearing the number, I would just have the

616
00:36:03,840 --> 00:36:07,439
Speaker 1: improud Bloomberg business of sports, the number of the week.

617
00:36:09,200 --> 00:36:15,240
Speaker 1: All right, here we go. All right, guys, huddle around

618
00:36:15,280 --> 00:36:18,160
Speaker 1: the r C A victor. It's time for the number

619
00:36:18,200 --> 00:36:23,920
Speaker 1: of the week. Oh boy, yeah, here's the question. Expontential

620
00:36:24,280 --> 00:36:28,120
Speaker 1: Expontential Fitness is the franchise owner of boutique fitness brands

621
00:36:28,640 --> 00:36:33,080
Speaker 1: like cycle Bar. They have revived plans for US initial

622
00:36:33,120 --> 00:36:35,920
Speaker 1: public offering after setting them aside when the COVID nineteen

623
00:36:35,920 --> 00:36:38,120
Speaker 1: pandemic hit. This is according to people with knowledge of

624
00:36:38,160 --> 00:36:41,279
Speaker 1: the matter. The company is based out of urban California,

625
00:36:41,400 --> 00:36:46,359
Speaker 1: and it's planning the listing, which may value it at

626
00:36:46,480 --> 00:36:50,480
Speaker 1: about what al Right, this is it. I'm going to

627
00:36:50,560 --> 00:36:54,880
Speaker 1: be embarrassed because this is in my wheelhouse. Um, I

628
00:36:54,920 --> 00:36:58,600
Speaker 1: don't get this. I mean, I seem to think and

629
00:36:58,640 --> 00:37:01,480
Speaker 1: this has been a very interesting question across the fitness

630
00:37:01,480 --> 00:37:03,200
Speaker 1: world because there aren't a lot of comps out there,

631
00:37:03,640 --> 00:37:06,640
Speaker 1: which the bankers don't like when they're trying to take

632
00:37:06,719 --> 00:37:09,600
Speaker 1: something public. I'm gonna go with a nice round Unicord

633
00:37:09,680 --> 00:37:16,080
Speaker 1: number one billion, one billion, one billion, I'm gonna go

634
00:37:16,200 --> 00:37:20,920
Speaker 1: with I'm gonna go with seven million. Wow. Well, Jason

635
00:37:20,960 --> 00:37:25,919
Speaker 1: Europe on stage, one point three billion dollars. There we go.

636
00:37:26,480 --> 00:37:30,719
Speaker 1: Wow man, there we go. I was gonna pull the

637
00:37:30,760 --> 00:37:34,520
Speaker 1: gnome from Boston and and just I'm bulk in mind

638
00:37:34,600 --> 00:37:39,400
Speaker 1: milk being going hugely. He pulls this off, but no,

639
00:37:39,600 --> 00:37:42,480
Speaker 1: one point three billion dollars. And I should add, by

640
00:37:42,480 --> 00:37:47,080
Speaker 1: the way to uh, they have a workout Brands Rumble,

641
00:37:47,600 --> 00:37:52,600
Speaker 1: which involving Justin Bieber and Selina Gobaz So they are

642
00:37:52,640 --> 00:37:56,919
Speaker 1: among the prior class attendees. So we'll see where the Yeah.

643
00:37:56,960 --> 00:37:59,200
Speaker 1: I mean, this is an interesting one too because they've

644
00:37:59,239 --> 00:38:02,200
Speaker 1: been able to you. I'm actually, uh, stay tuned next

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Speaker 1: week because I've got a special coming out that's all

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Speaker 1: about the future of fitness. I don't deal with this

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Speaker 1: particular group of franchises, but we do talk about the

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Speaker 1: future of boutique fitness. There's been a lot of distress

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Speaker 1: in the market and so they've been able the exponential

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Speaker 1: and others have been able to kind of consolidate some brands.

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Speaker 1: So I think these platform moves are going to be

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Speaker 1: more and more popular. So we'll see, we'll see how

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Speaker 1: it all goes. Nice one. I love that number of

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Speaker 1: the week bar and you know, made me look like

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Speaker 1: marginally intelligent. So all right, you've been listening to Bloomberg

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Speaker 1: Business of Sports. We're here each and every week for

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Speaker 1: you at the same time plus online wherever you get

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Speaker 1: Your podcast does drop on Monday's, Wednesdays and Thursdays. I'm

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Speaker 1: Jason Kelly. Find me in the meantime on Twitter at

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Speaker 1: Jason Kelly News and I'm Mike Lynch and I want

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Speaker 1: to meet the twenty four people selected before Mike Trout

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00:38:48,920 --> 00:38:51,279
Speaker 1: in two thousand and nine. You can follow me at

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Speaker 1: Lynch e W C dud and I'm Michael bar on

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Speaker 1: Twitter at Big Bar Sports. You're listening to Bloomberg Business

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Speaker 1: of Sports from Bloomberg Radio around the world. Four four