1 00:00:02,279 --> 00:00:04,880 Speaker 1: Hello, I'm Michael barn and I'm Scott Sahnik. On this 2 00:00:04,920 --> 00:00:07,400 Speaker 1: weekly podcast, we explore the big money issues in the 3 00:00:07,440 --> 00:00:09,280 Speaker 1: world of sports and talk to some of the biggest 4 00:00:09,280 --> 00:00:11,640 Speaker 1: players in the industry. On this week's show, we have 5 00:00:11,800 --> 00:00:14,880 Speaker 1: New York City Football Club's president John patrick Off. But 6 00:00:14,960 --> 00:00:17,160 Speaker 1: first let's look at the top stories of the week. 7 00:00:17,239 --> 00:00:20,880 Speaker 1: Joining us is Bloomberg Business of Sports reporter Evan Novie Williams, 8 00:00:21,360 --> 00:00:23,520 Speaker 1: and let's start with a big one. Wait wait wait wait, 9 00:00:23,560 --> 00:00:27,040 Speaker 1: bar bar bar Biggest stories of the week. Biggest stories 10 00:00:27,200 --> 00:00:31,160 Speaker 1: of the week. Yeah, we have an engagement on the show, 11 00:00:31,160 --> 00:00:32,640 Speaker 1: and I don't even think Evan knows this because he 12 00:00:32,640 --> 00:00:38,200 Speaker 1: wasn't here. Congratulations to produce some Medina Parwana on the engagement. 13 00:00:38,560 --> 00:00:41,479 Speaker 1: Thank you the West Side of Manhattan. We saw a 14 00:00:41,640 --> 00:00:46,080 Speaker 1: lovely photo. And congratulations to Jason. Yeah you, Evan, you 15 00:00:46,120 --> 00:00:49,440 Speaker 1: remembered his name. The congratulations to Jason. Then you know, 16 00:00:49,560 --> 00:00:51,800 Speaker 1: let's see, you wanted us to keep it quiet. But 17 00:00:52,120 --> 00:00:54,160 Speaker 1: where you made your mistake is that you told us 18 00:00:54,520 --> 00:00:58,120 Speaker 1: my mistake. We're sitting in front of microphones. I mean, 19 00:00:58,600 --> 00:01:00,760 Speaker 1: just see this at the same table at the That's all. 20 00:01:01,000 --> 00:01:03,120 Speaker 1: That's all I have to ask all right, Evan, go ahead. 21 00:01:03,160 --> 00:01:04,720 Speaker 1: What what what are we doing? We got we got to 22 00:01:04,760 --> 00:01:07,319 Speaker 1: start with the n c Double A and big news 23 00:01:07,920 --> 00:01:11,400 Speaker 1: for former Secretary of State Condoleeza Rice, who was behind 24 00:01:11,440 --> 00:01:14,800 Speaker 1: this report about the n C Double A Basketball task Force. 25 00:01:15,600 --> 00:01:18,480 Speaker 1: And they're trying to clean up the game, is what 26 00:01:18,480 --> 00:01:20,920 Speaker 1: I'm trying to say. Yeah, this group spent six months 27 00:01:21,000 --> 00:01:24,640 Speaker 1: looking into the problems in college basketball stemming from the 28 00:01:24,760 --> 00:01:30,520 Speaker 1: very high profile FBI bribery arrests that happened back in October. Uh, 29 00:01:30,560 --> 00:01:33,320 Speaker 1: and it came out pretty much exactly what you'd expect. 30 00:01:33,360 --> 00:01:35,200 Speaker 1: I don't want to be too opinionated here, but how 31 00:01:35,240 --> 00:01:37,399 Speaker 1: many minutes in the conference room did what we have 32 00:01:37,440 --> 00:01:40,760 Speaker 1: needed for this? The findings are a lot of the 33 00:01:40,760 --> 00:01:43,280 Speaker 1: things that you would expect them to find. Uh. Certainly 34 00:01:43,319 --> 00:01:46,840 Speaker 1: no indictment of amateurism, which you can make a very 35 00:01:46,880 --> 00:01:49,680 Speaker 1: easy argument, in my opinion, is the reason behind a 36 00:01:49,680 --> 00:01:53,000 Speaker 1: lot of these problems. They pointed fingers at the NBA 37 00:01:53,160 --> 00:01:55,720 Speaker 1: asking them to change one and done. They pointed fingers 38 00:01:55,720 --> 00:01:58,800 Speaker 1: at Nike, under Armor and Adidas asking them to clean 39 00:01:58,880 --> 00:02:01,600 Speaker 1: up their acting your best people. Uh, there is some 40 00:02:01,800 --> 00:02:04,200 Speaker 1: internal looking inside the n c A about things that 41 00:02:04,240 --> 00:02:08,520 Speaker 1: they can do differently, but from from from the most part, Yeah, 42 00:02:08,600 --> 00:02:11,160 Speaker 1: this is this is probably a list of problems that 43 00:02:11,360 --> 00:02:12,720 Speaker 1: the three of us could have come up with in 44 00:02:12,720 --> 00:02:16,640 Speaker 1: an afternoon just talking them out. Uh, and not really 45 00:02:16,760 --> 00:02:19,240 Speaker 1: much that looks like it's going to change dramatically, at 46 00:02:19,280 --> 00:02:21,480 Speaker 1: least in the near future. My best line that I 47 00:02:21,560 --> 00:02:25,280 Speaker 1: love the story is that they're saying that they made 48 00:02:25,280 --> 00:02:28,480 Speaker 1: it easy to cheat. Yeah, well, they do make it 49 00:02:28,480 --> 00:02:31,519 Speaker 1: easy to cheat, and you also make it and there's 50 00:02:31,520 --> 00:02:37,519 Speaker 1: a situation right for kids to cheat when those who 51 00:02:37,639 --> 00:02:43,680 Speaker 1: are generating the revenue do not get compensated in proportion 52 00:02:43,760 --> 00:02:47,640 Speaker 1: to the revenues that are being distributed elsewhere. When you 53 00:02:47,639 --> 00:02:50,040 Speaker 1: look at the athletic directors, when you go to Alabama 54 00:02:50,120 --> 00:02:52,080 Speaker 1: and you see the strength coaches making almost a million 55 00:02:52,120 --> 00:02:55,000 Speaker 1: dollars a year, and a kid really can't do anything. 56 00:02:55,440 --> 00:02:58,040 Speaker 1: Kid can't transfer without sitting out if the coach can't, 57 00:02:58,560 --> 00:03:00,840 Speaker 1: it makes it pretty simple to see that they're going 58 00:03:00,880 --> 00:03:02,640 Speaker 1: to get angry. Yeah, that's the I mean, you can 59 00:03:02,720 --> 00:03:04,520 Speaker 1: chip away out the outside. You can say that they 60 00:03:04,560 --> 00:03:06,520 Speaker 1: should be able to test the waters and pros and 61 00:03:06,520 --> 00:03:08,240 Speaker 1: then come back. You can say that they should be 62 00:03:08,240 --> 00:03:11,960 Speaker 1: able to talk to an agent. Uh, without losing their eligibility. 63 00:03:12,000 --> 00:03:14,040 Speaker 1: But the fact remains that if they were allowed to 64 00:03:14,080 --> 00:03:17,600 Speaker 1: be compensated in some capacity beyond just a scholarship for 65 00:03:17,680 --> 00:03:20,040 Speaker 1: what they were doing, a lot of these problems would 66 00:03:20,040 --> 00:03:22,000 Speaker 1: go away naturally. And I do love the fact. Again 67 00:03:22,040 --> 00:03:23,799 Speaker 1: they take aim at the NBA and the n b 68 00:03:23,960 --> 00:03:30,360 Speaker 1: p A. Folks, Yes, you are sort of a feeder league. 69 00:03:30,440 --> 00:03:35,480 Speaker 1: I get it. I get the relationship. However, that is 70 00:03:35,560 --> 00:03:41,200 Speaker 1: a separate business. The NBA and Adam Silver and its owners. 71 00:03:41,880 --> 00:03:46,240 Speaker 1: They care about their business. And if I own an 72 00:03:46,320 --> 00:03:51,280 Speaker 1: NBA team, I would rather, for multiple reasons, have a 73 00:03:51,360 --> 00:03:56,520 Speaker 1: kid play one year somewhere then to have to draft 74 00:03:56,600 --> 00:03:58,839 Speaker 1: him from high school. If they play at big time 75 00:03:58,880 --> 00:04:01,520 Speaker 1: college basketball, I get another year to see how that 76 00:04:01,560 --> 00:04:05,120 Speaker 1: player performs. It shortens the lifespan of the big contracts 77 00:04:05,120 --> 00:04:08,160 Speaker 1: they're gonna make. It make good business sense. Why in 78 00:04:08,200 --> 00:04:10,880 Speaker 1: the world doesn't the n c a A just clean 79 00:04:10,960 --> 00:04:13,200 Speaker 1: up its own house and go back to the way 80 00:04:13,280 --> 00:04:16,200 Speaker 1: it used to be. You can't play as a freshman, Well, 81 00:04:16,279 --> 00:04:18,960 Speaker 1: that's where the NBA's G league would come in, wouldn't it. 82 00:04:19,320 --> 00:04:22,880 Speaker 1: Absolutely theoretically, But still, as we've seen kids grow up, 83 00:04:23,240 --> 00:04:25,400 Speaker 1: they see the n c a tournament on TV. It's 84 00:04:25,400 --> 00:04:28,359 Speaker 1: something they want to do. But if you're the n 85 00:04:28,400 --> 00:04:31,159 Speaker 1: c A A and the member institutions, you have the 86 00:04:31,279 --> 00:04:35,760 Speaker 1: power on your own to end one and done. They 87 00:04:35,839 --> 00:04:38,039 Speaker 1: just want it cleaned up somewhere else. They've mentioned in 88 00:04:38,040 --> 00:04:40,080 Speaker 1: the report in fairness, they said that they if the 89 00:04:40,160 --> 00:04:42,719 Speaker 1: NBA doesn't change their rules, that they will consider things 90 00:04:42,760 --> 00:04:46,200 Speaker 1: like freshman and eligibility. That why is that? Why? Why 91 00:04:46,240 --> 00:04:48,800 Speaker 1: is it? If they don't clean our clean up our house, 92 00:04:48,839 --> 00:04:50,560 Speaker 1: then you should clean up your own. You know. The 93 00:04:50,600 --> 00:04:54,360 Speaker 1: answer to that is very much in this position right 94 00:04:54,400 --> 00:04:56,800 Speaker 1: now where they are looking to deflect as much of 95 00:04:56,839 --> 00:04:59,279 Speaker 1: the blame as possible for the fact that they have 96 00:04:59,360 --> 00:05:03,920 Speaker 1: an incredib corrupt and disingenuous interest. I got to talk 97 00:05:03,960 --> 00:05:08,600 Speaker 1: about host that i'd like, who is coming back to 98 00:05:09,400 --> 00:05:11,719 Speaker 1: w f A N. Can we all do the voice? 99 00:05:11,920 --> 00:05:13,880 Speaker 1: Can we try go ahead and try and fall asleep 100 00:05:13,880 --> 00:05:19,640 Speaker 1: on where's my diet coke? Where's my diet coke? I 101 00:05:19,640 --> 00:05:24,640 Speaker 1: can't do my show without my diet coke? Yes, it was. 102 00:05:24,680 --> 00:05:27,120 Speaker 1: It was awful. I have to say. I'm a former 103 00:05:27,200 --> 00:05:29,359 Speaker 1: intern at w f A N. I used to do 104 00:05:29,400 --> 00:05:31,440 Speaker 1: the overnight shift. Yes, I used to do the overnight 105 00:05:31,440 --> 00:05:34,480 Speaker 1: shift with Steve Summers. So for those who remember watching 106 00:05:34,480 --> 00:05:37,000 Speaker 1: the show with the lightning rod Bill Rodman the producer, 107 00:05:37,320 --> 00:05:40,640 Speaker 1: I was great Scott the intern at the time, and 108 00:05:40,800 --> 00:05:44,320 Speaker 1: don Imus and Francessa would come in. Even back then, 109 00:05:44,920 --> 00:05:48,279 Speaker 1: you got a sense that these were big personalities. These 110 00:05:48,279 --> 00:05:52,880 Speaker 1: guys were that important to the operation and generated a 111 00:05:53,000 --> 00:05:56,400 Speaker 1: lot of the money. But why come back? And again 112 00:05:56,480 --> 00:05:59,719 Speaker 1: this is you know, this is Frances's decision. But you 113 00:06:00,000 --> 00:06:02,640 Speaker 1: opped out, You stepped out on top. Now why I 114 00:06:02,640 --> 00:06:05,680 Speaker 1: come back? One, I suspect he misses the gig. He 115 00:06:05,680 --> 00:06:09,040 Speaker 1: didn't realize how much she'd miss having a big platform. 116 00:06:09,120 --> 00:06:13,760 Speaker 1: And two, uh, he probably realized on the national scale 117 00:06:13,960 --> 00:06:17,200 Speaker 1: there wasn't that much appetite for Mike Francisa and that's 118 00:06:17,200 --> 00:06:18,839 Speaker 1: a tough blow to the ego. And he had to 119 00:06:18,839 --> 00:06:20,880 Speaker 1: take a big pay cut to go back worth mentioning 120 00:06:20,880 --> 00:06:23,360 Speaker 1: that for Innerah Intercom, Scott just mentioned the pay cut. 121 00:06:23,720 --> 00:06:25,520 Speaker 1: This works out well for them, right, I mean he's 122 00:06:25,520 --> 00:06:28,200 Speaker 1: a ratings magnet. Uh, he left for a couple of 123 00:06:28,200 --> 00:06:30,320 Speaker 1: months and then you got him back at a steeply 124 00:06:30,360 --> 00:06:33,800 Speaker 1: discounted and keep Chris Carlin and Maggie Gray. So they're 125 00:06:33,839 --> 00:06:36,480 Speaker 1: keeping the new talent they had just shortening up those shows. 126 00:06:36,960 --> 00:06:40,360 Speaker 1: But it's gonna be having Well, these are new studios now. 127 00:06:40,360 --> 00:06:42,560 Speaker 1: In the old Calfmani Storia studios, it would have been 128 00:06:42,560 --> 00:06:45,440 Speaker 1: a tight spot for people to work. Um, there's gonna 129 00:06:45,440 --> 00:06:47,280 Speaker 1: be some feelings that need to be smoothed over and 130 00:06:47,279 --> 00:06:49,320 Speaker 1: I don't know if that's gonna happen. Let's talk about 131 00:06:49,360 --> 00:06:55,080 Speaker 1: something else now. Jacksonville Jaguars owner is now looking at 132 00:06:55,440 --> 00:07:01,280 Speaker 1: something that is very important in Wimblely to many sports fans. 133 00:07:01,480 --> 00:07:03,400 Speaker 1: What's up. Well, let me tell you. You might not 134 00:07:03,480 --> 00:07:06,120 Speaker 1: know this bar, but our own Evan Novi Williams is 135 00:07:06,160 --> 00:07:10,239 Speaker 1: like one of four long time Jaguars fans in New York, 136 00:07:10,840 --> 00:07:13,360 Speaker 1: so he's on top of all things. Shad Con I 137 00:07:13,360 --> 00:07:16,320 Speaker 1: am a Jaguars expert. Yeah. So Shad Con the owner 138 00:07:16,320 --> 00:07:19,480 Speaker 1: of the Jaguars, who also owns a soccer team Fulham 139 00:07:19,760 --> 00:07:22,600 Speaker 1: that plays in London, has apparently been to uh to 140 00:07:22,760 --> 00:07:25,160 Speaker 1: buy Wembley Stadium. You know, one of the biggest stadiums 141 00:07:25,160 --> 00:07:27,120 Speaker 1: in London. It's one of the ones that the NFL 142 00:07:27,160 --> 00:07:32,320 Speaker 1: plays in every year. The Jaguars are there, the national 143 00:07:32,320 --> 00:07:36,200 Speaker 1: team in England place. Um, certainly you can look between 144 00:07:36,320 --> 00:07:38,720 Speaker 1: look at the tea leaves here. Uh. The Jaguars are 145 00:07:38,760 --> 00:07:42,400 Speaker 1: there once a year contractually already. Uh certainly stands to 146 00:07:42,480 --> 00:07:44,440 Speaker 1: reason that if he buys this thing there, there's a 147 00:07:44,440 --> 00:07:46,360 Speaker 1: good chance that they may play more than once a 148 00:07:46,400 --> 00:07:49,960 Speaker 1: year there. Um. He has said he's committed to Jacksonville. 149 00:07:50,000 --> 00:07:52,800 Speaker 1: He's spending a lot of money in northern Florida. Uh, 150 00:07:52,800 --> 00:07:54,640 Speaker 1: So there's reason to believe at least that there is 151 00:07:54,680 --> 00:07:57,360 Speaker 1: some some role for the Jaguars there. But I would 152 00:07:57,360 --> 00:08:00,320 Speaker 1: imagine that this is an entry point into more andfl 153 00:08:00,440 --> 00:08:04,200 Speaker 1: in London. Our thanks to Bloomberg Sports reporter Evan W. W W. Williams. Now, 154 00:08:04,240 --> 00:08:06,680 Speaker 1: let's get to this week's interview with the president of 155 00:08:06,720 --> 00:08:09,640 Speaker 1: the New York City Football Club, John Patrick. Coffee previously 156 00:08:09,680 --> 00:08:15,600 Speaker 1: held positions at Tribeca Enterprises, Quadrangle Group, and tell Me Networks. Yes, Michael, 157 00:08:15,680 --> 00:08:19,600 Speaker 1: he has an extensive resume, not only Wall Street but 158 00:08:19,840 --> 00:08:26,560 Speaker 1: sports sports media business. Very interesting guy, very interesting team, 159 00:08:27,160 --> 00:08:30,000 Speaker 1: very interesting time, and John, thanks very much for joining us. 160 00:08:30,040 --> 00:08:32,880 Speaker 1: Thank you for having me. We do enjoy the in studio. 161 00:08:33,040 --> 00:08:35,280 Speaker 1: Let's tell our audience what happened earlier in the week. 162 00:08:35,360 --> 00:08:37,920 Speaker 1: You were kind enough to invite some members of the 163 00:08:37,960 --> 00:08:41,760 Speaker 1: media to your new training facility and participate in a 164 00:08:41,800 --> 00:08:43,560 Speaker 1: session to see what it's like to be a professional 165 00:08:43,600 --> 00:08:47,319 Speaker 1: soccer player. I made it how many minutes before injuring 166 00:08:47,360 --> 00:08:50,360 Speaker 1: my calf Well, Scott, I mean, since you've brought it up, 167 00:08:50,360 --> 00:08:52,640 Speaker 1: couldn't have been asked for a nicer day. Opened up 168 00:08:52,640 --> 00:08:54,880 Speaker 1: the ETI Hod City Football Academy in New York. It's 169 00:08:54,920 --> 00:08:56,760 Speaker 1: the third one in the City Football group. We have 170 00:08:56,840 --> 00:08:59,200 Speaker 1: one in Manchester and one in Melbourne. And I would 171 00:08:59,200 --> 00:09:02,240 Speaker 1: say you really and helped us inaugurated by getting injured 172 00:09:02,280 --> 00:09:05,480 Speaker 1: within the first five minutes and really showing the full 173 00:09:05,559 --> 00:09:09,199 Speaker 1: breadth of our medical capabilities and everything else there. Um. 174 00:09:09,240 --> 00:09:11,240 Speaker 1: I was impressed with the effort in those five minutes. 175 00:09:11,280 --> 00:09:13,840 Speaker 1: I have to say you look great. I think Patrick 176 00:09:13,920 --> 00:09:16,080 Speaker 1: very your coach. It was impressed with my touch pass 177 00:09:16,120 --> 00:09:19,520 Speaker 1: touch pass. I of course got the scouting report first 178 00:09:19,520 --> 00:09:21,440 Speaker 1: thing this morning. Six I am and I would say 179 00:09:21,440 --> 00:09:24,480 Speaker 1: that you have high potential, but there's a real question 180 00:09:24,520 --> 00:09:27,599 Speaker 1: about your about your fitness levels and some of the 181 00:09:28,240 --> 00:09:30,120 Speaker 1: well and it came. I mean, I have to say 182 00:09:30,160 --> 00:09:32,200 Speaker 1: the scouting reports that we had gotten on you from 183 00:09:32,200 --> 00:09:34,880 Speaker 1: the hockey hockey leagues around the city were we're really 184 00:09:34,920 --> 00:09:38,319 Speaker 1: strong and positive. So I guess, um, you know, we 185 00:09:38,360 --> 00:09:40,000 Speaker 1: have little work to do on some of those muscles, 186 00:09:40,040 --> 00:09:41,920 Speaker 1: you know in some areas that get used. I can't 187 00:09:41,920 --> 00:09:43,640 Speaker 1: tell if I had the muscles and haven't used them, 188 00:09:43,720 --> 00:09:45,600 Speaker 1: or and don't have them. I'm not sure which it was. 189 00:09:45,679 --> 00:09:48,640 Speaker 1: But whatever I've gotten, that cap is no good. See 190 00:09:49,480 --> 00:09:52,400 Speaker 1: A pleasure to meet you. And I'm trying not the giggle. 191 00:09:53,040 --> 00:09:55,440 Speaker 1: But I didn't hear anything about this, so you gotta 192 00:09:55,480 --> 00:09:57,840 Speaker 1: tell me what what happened. We were doing a drill 193 00:09:57,920 --> 00:10:00,280 Speaker 1: where you take a pass and then you top and 194 00:10:00,320 --> 00:10:01,920 Speaker 1: your past to the open man. You're not you know, 195 00:10:01,960 --> 00:10:03,600 Speaker 1: you're kind of in a circle people all around you. 196 00:10:03,600 --> 00:10:05,400 Speaker 1: You're not really sure where the open person is. And 197 00:10:05,440 --> 00:10:06,960 Speaker 1: the ball was a little bit to my left, so 198 00:10:07,000 --> 00:10:09,800 Speaker 1: I darted left, stopped on like the ball of my 199 00:10:09,840 --> 00:10:11,760 Speaker 1: foot like you're supposed to, and then went to push 200 00:10:11,800 --> 00:10:14,320 Speaker 1: off to go back right, and instead of going east west, 201 00:10:14,320 --> 00:10:17,040 Speaker 1: I just went south. Well, what it says is you 202 00:10:17,080 --> 00:10:20,000 Speaker 1: know that we a New York City football club, just 203 00:10:20,080 --> 00:10:22,880 Speaker 1: inaugurated this great, state of the art new training facility 204 00:10:22,920 --> 00:10:25,839 Speaker 1: here in Rocking County of an Orangeburg, New York and 205 00:10:26,120 --> 00:10:29,360 Speaker 1: um Patrick was talking about how our medical team and 206 00:10:29,400 --> 00:10:31,800 Speaker 1: our training staff has done an incredible job with our athletes, 207 00:10:31,840 --> 00:10:33,480 Speaker 1: I think with one of the lowest injury rates in 208 00:10:33,480 --> 00:10:35,559 Speaker 1: the entire league in MLS. Yeah, I heard that, but 209 00:10:38,000 --> 00:10:40,760 Speaker 1: but Scott got around that of course and is now 210 00:10:40,840 --> 00:10:43,360 Speaker 1: throwing off all our statistics. We had to go back 211 00:10:43,400 --> 00:10:45,520 Speaker 1: and no longer can we claim that we have this 212 00:10:45,600 --> 00:10:47,640 Speaker 1: low injury prevention. Right, well, let me tell you that 213 00:10:47,679 --> 00:10:50,280 Speaker 1: this is what really interested me. For people that don't realize, yes, 214 00:10:50,320 --> 00:10:53,199 Speaker 1: you said it's Manchester, obviously it's owned by Shake Mansor 215 00:10:53,880 --> 00:10:56,400 Speaker 1: and that there's an n y c f C. There's 216 00:10:56,600 --> 00:11:00,720 Speaker 1: of course Manchester Football Club and in Melbourne and the 217 00:11:00,760 --> 00:11:03,439 Speaker 1: continuity is what really struck me. When they were talking 218 00:11:03,440 --> 00:11:05,400 Speaker 1: about bar you're gonna love this. When they were talking 219 00:11:05,440 --> 00:11:09,920 Speaker 1: about the grass on the field, it wasn't quite an inch, 220 00:11:10,440 --> 00:11:13,720 Speaker 1: but there's a style of play. There's there's really a 221 00:11:13,760 --> 00:11:16,520 Speaker 1: belief in a style of play. The bull should bounce properly, 222 00:11:16,520 --> 00:11:18,920 Speaker 1: it should roll quickly, and that is a certain style 223 00:11:18,960 --> 00:11:21,520 Speaker 1: of grass at a certain height. Three more weeks and 224 00:11:21,600 --> 00:11:24,160 Speaker 1: your grass that this facility will be there. But that's amazing. 225 00:11:24,200 --> 00:11:26,920 Speaker 1: If they don't realize what a global operation. This, Yeah, 226 00:11:26,920 --> 00:11:30,560 Speaker 1: that's true. I mean, UM, City Football Group really has 227 00:11:30,600 --> 00:11:32,840 Speaker 1: been a project that's still still very young. I mean 228 00:11:32,880 --> 00:11:34,600 Speaker 1: it's only now, it's less than ten years. I expect 229 00:11:34,640 --> 00:11:36,640 Speaker 1: more to pop up around the world, absolutely so when 230 00:11:36,679 --> 00:11:40,240 Speaker 1: we're now at six clubs around the world. Manchester was first, Melbourne, 231 00:11:40,440 --> 00:11:44,600 Speaker 1: New York UM. We have a partnership in in Japan, Yokohama, 232 00:11:44,720 --> 00:11:47,199 Speaker 1: and then we have two teams that we've just added 233 00:11:47,440 --> 00:11:50,600 Speaker 1: UM basically the last twelve months. One in Spain, Girona 234 00:11:51,000 --> 00:11:54,120 Speaker 1: that got recently promoted UM, and then in Uruguay we 235 00:11:54,160 --> 00:11:57,000 Speaker 1: have a team down in Uruguay that's playing as well. 236 00:11:57,160 --> 00:11:59,160 Speaker 1: Both of those who were designed a little bit more 237 00:11:59,200 --> 00:12:02,160 Speaker 1: as developmental club hubs and UM, but they're both doing 238 00:12:02,200 --> 00:12:04,560 Speaker 1: incredibly well. And I think you're right that that the 239 00:12:04,800 --> 00:12:07,240 Speaker 1: model for City Football Group is to continue to expand 240 00:12:07,280 --> 00:12:11,680 Speaker 1: globally UM, not just with owning clubs, but developing players 241 00:12:11,800 --> 00:12:16,600 Speaker 1: and really thinking about the soccer world broadly and investing 242 00:12:16,640 --> 00:12:18,719 Speaker 1: in a range of business activities that will tie back 243 00:12:18,720 --> 00:12:20,280 Speaker 1: to soccer. And I think at the end of the day, 244 00:12:20,400 --> 00:12:25,120 Speaker 1: we hope that that global model, knowledge sharing commercial operations 245 00:12:25,400 --> 00:12:28,120 Speaker 1: will will give us some competitive advantage. I want to 246 00:12:28,120 --> 00:12:30,200 Speaker 1: get back to my partner hobbles in the second, but 247 00:12:30,240 --> 00:12:32,559 Speaker 1: I want to talk more about some of you guys 248 00:12:32,559 --> 00:12:35,559 Speaker 1: were talking about that with the state of the our facility. Yes, 249 00:12:35,559 --> 00:12:39,400 Speaker 1: of course you have to have a medical staff there, 250 00:12:40,240 --> 00:12:44,680 Speaker 1: which is apparently second to none from what I understand. Well, 251 00:12:44,720 --> 00:12:48,000 Speaker 1: I mean, you know, when you think about the training facility, UM, 252 00:12:48,200 --> 00:12:51,559 Speaker 1: it's designed so that players come in, UM. They come 253 00:12:51,559 --> 00:12:53,680 Speaker 1: in the morning to to you know, to work, basically 254 00:12:53,720 --> 00:12:55,960 Speaker 1: come into work every day. UM. And I think you know, 255 00:12:56,000 --> 00:13:00,000 Speaker 1: people often underestimate how much training and practice goes into 256 00:13:00,080 --> 00:13:02,400 Speaker 1: being a professional athlete, right, and what it takes. But 257 00:13:02,679 --> 00:13:04,480 Speaker 1: you know, these guys, especially in the soccer season, we 258 00:13:04,520 --> 00:13:06,760 Speaker 1: all know it's a very long season. UM. We leve 259 00:13:07,280 --> 00:13:09,400 Speaker 1: you know, effectively in eight week off season. You know, 260 00:13:09,400 --> 00:13:11,040 Speaker 1: throughout the entire years. You're talking about guy who are 261 00:13:11,040 --> 00:13:13,560 Speaker 1: playing ten months a year and if they're not playing 262 00:13:13,559 --> 00:13:15,760 Speaker 1: in a match, you know, they have one maybe one 263 00:13:15,920 --> 00:13:17,240 Speaker 1: off day a week, and then the rest of the 264 00:13:17,320 --> 00:13:19,200 Speaker 1: day is they're in training. They come in the morning 265 00:13:19,600 --> 00:13:21,920 Speaker 1: and we track the nutrition very carefully, so they're now 266 00:13:22,000 --> 00:13:25,440 Speaker 1: eating breakfast, um, in a in a menu that's designed 267 00:13:25,440 --> 00:13:29,480 Speaker 1: by nutritionists UM their training obviously they're they're recovering their 268 00:13:29,520 --> 00:13:32,040 Speaker 1: meeting as a team. UM. And then obviously the medical 269 00:13:32,080 --> 00:13:34,640 Speaker 1: staff clearly is not really there to designed to deal 270 00:13:34,679 --> 00:13:36,400 Speaker 1: with injuries. After the fact. We have a great partner 271 00:13:36,440 --> 00:13:38,560 Speaker 1: with your Presbyterian and a great you know, group of 272 00:13:38,600 --> 00:13:41,760 Speaker 1: a group of specialists. But it's all about injury prevention. 273 00:13:41,840 --> 00:13:44,160 Speaker 1: It's all about nutrition, it's all about training, and to 274 00:13:44,200 --> 00:13:47,360 Speaker 1: Scott's point, it's very much about kind of this consistent 275 00:13:47,440 --> 00:13:51,360 Speaker 1: style of play which we play across the city football 276 00:13:51,360 --> 00:13:52,880 Speaker 1: group and you know, it gets a lot of attention 277 00:13:52,880 --> 00:13:55,959 Speaker 1: in Manchester. Patrick Viere, who's our head coach here, UM 278 00:13:56,240 --> 00:13:58,920 Speaker 1: was it was a youth coach in Manchester, UM in 279 00:13:58,960 --> 00:14:02,600 Speaker 1: addition to being obviously World World World Champion soccer player 280 00:14:02,600 --> 00:14:05,840 Speaker 1: in his own right. But there's a very distinctive style 281 00:14:06,360 --> 00:14:09,520 Speaker 1: UM playing from the back, you know, very passing oriented, 282 00:14:09,520 --> 00:14:14,920 Speaker 1: possession oriented style, speaking of control. Everything in the in 283 00:14:14,960 --> 00:14:19,680 Speaker 1: the facility seemed to be about control and atmosphere very 284 00:14:19,680 --> 00:14:23,280 Speaker 1: similar to Bloomberg No offices, open floor plan. Does business 285 00:14:23,360 --> 00:14:25,600 Speaker 1: learn from sport? Did sport take that from business? It's 286 00:14:25,600 --> 00:14:27,880 Speaker 1: actually it's a great question and I don't know if 287 00:14:27,920 --> 00:14:30,600 Speaker 1: I actually know the answer there, but I do feel 288 00:14:30,640 --> 00:14:32,960 Speaker 1: that it's very much the case. I've been now at 289 00:14:32,960 --> 00:14:36,080 Speaker 1: the organization two years and it was so the philosophy 290 00:14:36,120 --> 00:14:38,760 Speaker 1: is something that was clearly in place. It's in place 291 00:14:38,760 --> 00:14:40,160 Speaker 1: in the training ground which you saw where there are 292 00:14:40,160 --> 00:14:41,720 Speaker 1: no offices, but it's very much in place at our 293 00:14:41,760 --> 00:14:44,880 Speaker 1: offices here in Manhattan, so our our front offices or 294 00:14:44,960 --> 00:14:48,560 Speaker 1: down on Third no one has an office there either. Um. 295 00:14:48,640 --> 00:14:51,600 Speaker 1: You'll see a lot of the same messaging consistent throughout 296 00:14:51,640 --> 00:14:55,120 Speaker 1: all of our offices around the world. UM. You'll see 297 00:14:55,120 --> 00:14:57,440 Speaker 1: a lot of the same mantras, UM, a lot of 298 00:14:57,480 --> 00:15:01,520 Speaker 1: the same design elements, colors, um, types of materials that 299 00:15:01,560 --> 00:15:05,120 Speaker 1: are used. UM. Actually the materiality outside of the building 300 00:15:05,160 --> 00:15:08,080 Speaker 1: up in up in Orangeberg at the training facility is 301 00:15:08,080 --> 00:15:10,960 Speaker 1: what we call etty cladding. It's literally a type of 302 00:15:11,000 --> 00:15:14,400 Speaker 1: material that we designed ourselves, UM and is used in 303 00:15:14,640 --> 00:15:17,160 Speaker 1: Manchester and Melbourne as well. I have to ask you, 304 00:15:17,200 --> 00:15:20,680 Speaker 1: because you worked with the Tribeca organization, how did that 305 00:15:20,720 --> 00:15:24,680 Speaker 1: experience help you with the ny CFC A couple of 306 00:15:24,680 --> 00:15:27,520 Speaker 1: different ways. I mean, one of the big parts of 307 00:15:27,880 --> 00:15:30,520 Speaker 1: building a football club and I've learned this now again 308 00:15:30,800 --> 00:15:33,440 Speaker 1: in the time that I've been here. Is it's not 309 00:15:33,640 --> 00:15:35,920 Speaker 1: a team, right, It's it's a club. And what does 310 00:15:35,920 --> 00:15:39,000 Speaker 1: that actually mean. Yes, most of the attention goes on 311 00:15:39,000 --> 00:15:41,080 Speaker 1: the first team, most of the attention goes on what's 312 00:15:41,120 --> 00:15:44,120 Speaker 1: happening out on match days, winning trophies and cups. But 313 00:15:44,160 --> 00:15:46,320 Speaker 1: it's about building that community. And that was such a 314 00:15:46,320 --> 00:15:48,600 Speaker 1: hallmark of what the Tribeca Film Festival is all about. 315 00:15:48,640 --> 00:15:51,320 Speaker 1: It started at this unique moment after Night eleven in 316 00:15:51,360 --> 00:15:55,120 Speaker 1: New York UM, and we built this multidimensional organization that 317 00:15:55,160 --> 00:15:58,040 Speaker 1: was about supporting young filmmakers but also about Hollywood films. 318 00:15:58,040 --> 00:16:01,560 Speaker 1: It was about UM reaching out to television film, it 319 00:16:01,600 --> 00:16:03,720 Speaker 1: was about kids and and and that's very much the 320 00:16:03,800 --> 00:16:06,840 Speaker 1: same ethos that it actually attracted me to City Football Group, 321 00:16:06,880 --> 00:16:09,760 Speaker 1: which is building this football club. It's yes, it's about 322 00:16:09,760 --> 00:16:12,480 Speaker 1: the first team, but Cloudy has done an amazing job 323 00:16:12,480 --> 00:16:15,960 Speaker 1: building our academy that's growing rapidly. UM. Not only have 324 00:16:16,000 --> 00:16:18,360 Speaker 1: we expanded to kind of U twelve all the way 325 00:16:18,360 --> 00:16:21,120 Speaker 1: through you nine team, but we've got a girls academy team. 326 00:16:21,320 --> 00:16:23,400 Speaker 1: We're doing credible work in the community. So all of 327 00:16:23,440 --> 00:16:26,400 Speaker 1: that kind of coming in with that philosophy. We're talking 328 00:16:26,400 --> 00:16:28,800 Speaker 1: to John Patrick off. The president of NYCFC brag a 329 00:16:28,800 --> 00:16:31,400 Speaker 1: little bit. You've actually seen some fruit of that labor. 330 00:16:31,840 --> 00:16:34,800 Speaker 1: Kids were in the academy have now made the first team. 331 00:16:35,240 --> 00:16:37,040 Speaker 1: That's not easy to do. Not not easy to do, 332 00:16:37,080 --> 00:16:39,600 Speaker 1: and certainly in a in a short period of time. So, UM, 333 00:16:39,760 --> 00:16:43,680 Speaker 1: we've signed now two kids out of the academy, UM 334 00:16:43,720 --> 00:16:47,480 Speaker 1: who have James Sands and Joe's Galley, and they are 335 00:16:47,800 --> 00:16:51,600 Speaker 1: now signed with our first team, training with our first team. UM. 336 00:16:52,200 --> 00:16:54,560 Speaker 1: Both of them are actually US internationals as well. So 337 00:16:55,080 --> 00:16:59,560 Speaker 1: father un media, Mackenzie's exactly right, bringing you all back 338 00:16:59,560 --> 00:17:01,400 Speaker 1: to the do it all starts here? It does all 339 00:17:01,440 --> 00:17:06,119 Speaker 1: start here. All those starts here and he um and 340 00:17:06,280 --> 00:17:08,960 Speaker 1: and so for us, it's about developing that young talent 341 00:17:09,040 --> 00:17:11,280 Speaker 1: with the academy that ultimately can play on our first team. 342 00:17:11,359 --> 00:17:13,159 Speaker 1: But but it's also you know, to go to your 343 00:17:13,240 --> 00:17:15,920 Speaker 1: your question, it's about that broader community and so that's 344 00:17:15,920 --> 00:17:18,600 Speaker 1: been a big part of it, um and and growing, 345 00:17:18,720 --> 00:17:21,520 Speaker 1: growing great passionate fan base. You know, in community. Where 346 00:17:21,520 --> 00:17:24,879 Speaker 1: do you see soccer in America? Is it's rowing and 347 00:17:25,000 --> 00:17:28,040 Speaker 1: growing and growing. How do you see the sports? Yes, 348 00:17:28,240 --> 00:17:31,359 Speaker 1: so I think that, um, everyone knows it's been that 349 00:17:31,440 --> 00:17:34,320 Speaker 1: running joke that's it's always the sport of the future. UM. 350 00:17:34,800 --> 00:17:39,240 Speaker 1: I think that, UM. I think it's a very unique time. 351 00:17:39,359 --> 00:17:44,240 Speaker 1: I think that um MLS in particular, UM is stronger 352 00:17:44,280 --> 00:17:47,639 Speaker 1: than ever. UM You've got teams that are now growing. 353 00:17:47,920 --> 00:17:51,760 Speaker 1: Obviously expansion continues, great owners that are coming into the league. 354 00:17:51,760 --> 00:17:53,160 Speaker 1: If you just look at some of the most recent 355 00:17:53,200 --> 00:17:55,159 Speaker 1: ownership groups, you look at people like Peter Grewer with 356 00:17:55,320 --> 00:17:57,240 Speaker 1: with l A f C. Or you look with Arthur 357 00:17:57,359 --> 00:17:59,680 Speaker 1: Blank with Atlanta, I was just down, you know, and 358 00:17:59,720 --> 00:18:04,280 Speaker 1: at a two weeks ago jealous, UM not. You know, 359 00:18:04,560 --> 00:18:07,359 Speaker 1: it's I've gotten to a place where it is I'm 360 00:18:07,480 --> 00:18:10,440 Speaker 1: jealous on the field because you know, we're vying for 361 00:18:10,520 --> 00:18:12,000 Speaker 1: the top spot in the East with them, and so 362 00:18:12,560 --> 00:18:16,440 Speaker 1: um uh we're competitive. I shouldn't say jealous competitive on 363 00:18:16,520 --> 00:18:18,840 Speaker 1: the field, but off the field, I actually don't see it. 364 00:18:18,920 --> 00:18:21,480 Speaker 1: I see it as like all all kind of you know, 365 00:18:21,840 --> 00:18:23,960 Speaker 1: rising tides are gonna lift all boats, and so for us, 366 00:18:24,480 --> 00:18:27,320 Speaker 1: I think it helps n y CFC when you see 367 00:18:27,400 --> 00:18:30,040 Speaker 1: success like Atlanta or see success like I'm sure l 368 00:18:30,080 --> 00:18:32,080 Speaker 1: A f C is going to have. Great to have 369 00:18:32,160 --> 00:18:34,520 Speaker 1: people like slot On coming back into the league. Great 370 00:18:34,560 --> 00:18:39,080 Speaker 1: to have young players that are developing who just came 371 00:18:39,119 --> 00:18:42,200 Speaker 1: to the Galaxy. UM, and I think that's it's terrific. 372 00:18:42,520 --> 00:18:46,560 Speaker 1: You know, it helps our fans, UM, you know it 373 00:18:46,640 --> 00:18:48,440 Speaker 1: helps them. I mean, I think they love traveling to 374 00:18:48,480 --> 00:18:51,080 Speaker 1: these games and with a great group of traveling supporters 375 00:18:51,119 --> 00:18:52,639 Speaker 1: that came down to Atlanta or just we're out with 376 00:18:52,720 --> 00:18:55,240 Speaker 1: us important last week. So the answer is the league 377 00:18:55,240 --> 00:18:57,520 Speaker 1: I think is at a great moment in time, with 378 00:18:57,680 --> 00:19:00,360 Speaker 1: great investment going on new facilities like our train in ground. 379 00:19:00,359 --> 00:19:02,000 Speaker 1: I said it yesterday, but their training grounds at all. 380 00:19:02,280 --> 00:19:04,280 Speaker 1: A lot of the major teams now have built new 381 00:19:04,440 --> 00:19:06,720 Speaker 1: state of the art facilities. UM. So I think it's 382 00:19:06,720 --> 00:19:09,280 Speaker 1: a it's a very special special moment. I don't want 383 00:19:09,280 --> 00:19:10,639 Speaker 1: to forget this because it's a good segment, but I 384 00:19:10,680 --> 00:19:12,560 Speaker 1: want to come back to the Arthur Blank community pricing 385 00:19:12,640 --> 00:19:14,080 Speaker 1: in the stadium. But I do want to ask you 386 00:19:14,119 --> 00:19:16,600 Speaker 1: since you mentioned the investment. Not long ago we wrote 387 00:19:16,640 --> 00:19:19,160 Speaker 1: that Patrick sun Shan was investing in d C United 388 00:19:19,600 --> 00:19:22,879 Speaker 1: at a five hundred million dollar valuation, can you, who 389 00:19:23,040 --> 00:19:25,600 Speaker 1: knows the ins and outs of MLS, can you justify 390 00:19:25,720 --> 00:19:29,040 Speaker 1: a five hundred million dollar valuation for me? Well, first 391 00:19:29,040 --> 00:19:32,080 Speaker 1: of all, I don't know anything specifically about the valuation 392 00:19:32,280 --> 00:19:34,640 Speaker 1: or the transactions in general that it's two hundred million, 393 00:19:35,160 --> 00:19:39,560 Speaker 1: give or take for expansion, the numbers are certainly mushrooming. Yeah, 394 00:19:39,640 --> 00:19:42,119 Speaker 1: I think the numbers are definitely growing. What are the 395 00:19:42,160 --> 00:19:46,280 Speaker 1: lynch pins behind it? Yes, so I think that, UM, well, firstly, 396 00:19:46,280 --> 00:19:48,480 Speaker 1: you've got scarcity and you've got a great league structure, 397 00:19:48,480 --> 00:19:51,320 Speaker 1: I think. So. I think that people are looking around 398 00:19:51,359 --> 00:19:55,480 Speaker 1: the world. UM. I think sports teams in general UM 399 00:19:55,800 --> 00:19:59,359 Speaker 1: are incredible kind of properties. They continue to retain and 400 00:19:59,680 --> 00:20:02,920 Speaker 1: draw some of the biggest audiences across all media. UM. 401 00:20:03,080 --> 00:20:05,320 Speaker 1: And so I think you look at the map, most 402 00:20:05,480 --> 00:20:08,280 Speaker 1: of the highest level people are believers in sports, the 403 00:20:08,320 --> 00:20:11,240 Speaker 1: believers that they're scarcity because they're not that many professional 404 00:20:11,280 --> 00:20:12,720 Speaker 1: teams that are out there. And then when you look 405 00:20:12,760 --> 00:20:14,919 Speaker 1: around the world and you think about what sports are 406 00:20:14,920 --> 00:20:18,479 Speaker 1: actually growing on a global level, UM, soccer clearly has 407 00:20:18,520 --> 00:20:20,280 Speaker 1: to be at the top. I mean clearly, NBA is 408 00:20:20,440 --> 00:20:23,879 Speaker 1: is an incredibly strong, you know league and sport on 409 00:20:24,080 --> 00:20:28,000 Speaker 1: an international level, but it's hard to compare anything to soccer. 410 00:20:29,400 --> 00:20:32,159 Speaker 1: I want to talk about the marketing part of soccer, 411 00:20:32,320 --> 00:20:34,440 Speaker 1: which around the world you don't have to worry about 412 00:20:34,480 --> 00:20:36,960 Speaker 1: but marketing in the US, what do you have to do? 413 00:20:37,600 --> 00:20:42,520 Speaker 1: We have, UM, we've had a couple of different approaches, um, 414 00:20:42,760 --> 00:20:44,520 Speaker 1: even over the ton of two and a half years 415 00:20:44,560 --> 00:20:47,439 Speaker 1: now that I've been with the club. But where are 416 00:20:47,520 --> 00:20:50,960 Speaker 1: kind of big realization friend y CFC over the last 417 00:20:51,000 --> 00:20:55,320 Speaker 1: six months is there are millions of soccer fans here 418 00:20:55,440 --> 00:20:59,160 Speaker 1: in the New York metro area. So it was possible 419 00:20:59,240 --> 00:21:02,600 Speaker 1: that you know, ten years ago, maybe even five years ago, 420 00:21:02,800 --> 00:21:05,160 Speaker 1: a soccer fan might say, you know, listen, I watch 421 00:21:05,560 --> 00:21:07,800 Speaker 1: you know my league, are watch the EPL, But you 422 00:21:07,880 --> 00:21:10,720 Speaker 1: know what, I'm just the MLS. Isn't the quality that 423 00:21:11,280 --> 00:21:14,399 Speaker 1: you know appeals to me? I don't think for soccer 424 00:21:14,480 --> 00:21:17,000 Speaker 1: fans it's as easy to say that. I think that you, 425 00:21:17,640 --> 00:21:20,879 Speaker 1: as a soccer fan in New York should absolutely go 426 00:21:21,160 --> 00:21:23,960 Speaker 1: follow your national teams, but you should be realizing that 427 00:21:24,520 --> 00:21:28,719 Speaker 1: this league has the quality, the number of participants. Patrick 428 00:21:28,920 --> 00:21:30,200 Speaker 1: is one of the bett Patrick Bear is one of 429 00:21:30,200 --> 00:21:33,200 Speaker 1: the best spokespeople around this Cloudio speaks to it incredibly 430 00:21:33,560 --> 00:21:36,280 Speaker 1: well about you know, seeing US soccer growth, seeing what 431 00:21:36,359 --> 00:21:39,280 Speaker 1: the landscape looks like. We've got World Cup players here, 432 00:21:39,520 --> 00:21:41,760 Speaker 1: you know, on our team. But but across the league 433 00:21:42,119 --> 00:21:44,199 Speaker 1: and so and you've got you know, tot To Martino 434 00:21:44,280 --> 00:21:46,760 Speaker 1: down in Atlanta, and you've got Rally out in l 435 00:21:46,800 --> 00:21:50,439 Speaker 1: A in l A. You've got Patrick here with ny CFC. Um, 436 00:21:50,840 --> 00:21:52,520 Speaker 1: look what's happening in that. You know. For those who 437 00:21:52,520 --> 00:21:54,720 Speaker 1: follow the Concha Calf Champions League, you know Toronto is 438 00:21:54,720 --> 00:21:56,600 Speaker 1: playing in the second leg of the finals, you know, 439 00:21:56,640 --> 00:21:59,919 Speaker 1: which is another great indication of the quality of MLS. 440 00:22:00,040 --> 00:22:04,440 Speaker 1: So for us, the focus is growing increasingly. How do 441 00:22:04,520 --> 00:22:08,040 Speaker 1: we get soccer fans in you and New York to 442 00:22:08,240 --> 00:22:12,120 Speaker 1: take another look at ny CFC, another look at MLS 443 00:22:12,200 --> 00:22:14,440 Speaker 1: and say, you know what, it's actually gotten a lot better. 444 00:22:14,640 --> 00:22:17,040 Speaker 1: Well for us here Bloomberg, we can't miss it because 445 00:22:17,080 --> 00:22:19,840 Speaker 1: there's a lot of coin in soccer, so we can't 446 00:22:19,960 --> 00:22:22,000 Speaker 1: miss not talking about it. You know where else there's 447 00:22:22,000 --> 00:22:24,760 Speaker 1: a lot of coin. Stadium development, you know where I'm going. 448 00:22:25,320 --> 00:22:27,040 Speaker 1: I left it more towards the end because I don't 449 00:22:27,080 --> 00:22:29,560 Speaker 1: want to talk too much about it, but oppressive restraint 450 00:22:29,600 --> 00:22:31,720 Speaker 1: by the thank you, thank you. Yeah, I wish I 451 00:22:31,760 --> 00:22:33,760 Speaker 1: had a training the other day. You need a place 452 00:22:33,840 --> 00:22:35,680 Speaker 1: to play. And I'll tell you this as someone who's 453 00:22:35,720 --> 00:22:39,400 Speaker 1: been there with his kid atmosphere versus even Red Bull 454 00:22:39,520 --> 00:22:43,360 Speaker 1: right here. It's intimate, it's small, you're close. Yankee Stadium 455 00:22:43,440 --> 00:22:46,840 Speaker 1: was supposed to be a temporary home, and you're looking 456 00:22:47,520 --> 00:22:50,080 Speaker 1: for a site. You're you've got several in contention. How 457 00:22:50,320 --> 00:22:53,080 Speaker 1: far away are you from having your own home and 458 00:22:53,160 --> 00:22:55,320 Speaker 1: what will the benefit be. It's hard to comment on 459 00:22:55,359 --> 00:22:57,840 Speaker 1: the timeline. I mean, I think what I can say 460 00:22:57,960 --> 00:23:00,879 Speaker 1: is give people a little insight into into the process, 461 00:23:01,080 --> 00:23:04,080 Speaker 1: right which is that you've got the process, the phase 462 00:23:04,160 --> 00:23:07,320 Speaker 1: we're in right now of kind of identifying and locking 463 00:23:07,359 --> 00:23:11,080 Speaker 1: in a site. And what I always say is difficult 464 00:23:11,200 --> 00:23:14,840 Speaker 1: is that in the process you we've evaluated thirty plus sites, 465 00:23:15,160 --> 00:23:17,640 Speaker 1: you know, over over the course of time, many which 466 00:23:17,680 --> 00:23:20,479 Speaker 1: predate my arrival. There have been many since I've been 467 00:23:20,560 --> 00:23:22,960 Speaker 1: here now at the club. And each one of those 468 00:23:23,080 --> 00:23:25,520 Speaker 1: is its own process. So you look at one and 469 00:23:25,960 --> 00:23:28,560 Speaker 1: it starts, and it at least takes six to twelve months, 470 00:23:28,640 --> 00:23:31,479 Speaker 1: maybe even eighteen months, you know, hopefully to get one 471 00:23:31,520 --> 00:23:34,000 Speaker 1: across the line and so but but what happens is 472 00:23:34,200 --> 00:23:36,880 Speaker 1: one of those will fall off. And so right now, 473 00:23:37,080 --> 00:23:39,200 Speaker 1: the good news is we've got multiple sites under condidention, 474 00:23:39,520 --> 00:23:42,760 Speaker 1: under consideration, and a number of those have been under 475 00:23:42,800 --> 00:23:47,000 Speaker 1: consideration for many, many months. So that gives me, you know, 476 00:23:47,040 --> 00:23:49,720 Speaker 1: when I've said I'm more positive or feeling more encouraged. 477 00:23:50,359 --> 00:23:52,119 Speaker 1: That's the reason I say that, which is I think 478 00:23:52,160 --> 00:23:54,760 Speaker 1: the process is moving along once we actually secure a site, 479 00:23:55,040 --> 00:23:57,880 Speaker 1: actually long approval process, and then there's the construction process. 480 00:23:57,920 --> 00:24:00,399 Speaker 1: So in New York that that appool us as can 481 00:24:00,440 --> 00:24:02,560 Speaker 1: take you know, a year or two years, you know, 482 00:24:03,440 --> 00:24:06,399 Speaker 1: for those may not know, an LP A limited partner 483 00:24:06,480 --> 00:24:08,280 Speaker 1: in the team of the New York Yankees. Absolutely, and 484 00:24:08,640 --> 00:24:10,719 Speaker 1: certainly Randy Levine, who knows how to get a stadium 485 00:24:10,720 --> 00:24:13,800 Speaker 1: built in New York City, is assisting. Yeah, and Randy 486 00:24:13,840 --> 00:24:16,240 Speaker 1: and the Yankees are are incredible partners. I mean you really, 487 00:24:16,320 --> 00:24:19,280 Speaker 1: you couldn't ask for for better partners UM in a project, 488 00:24:19,359 --> 00:24:22,879 Speaker 1: certainly not here in New York. UM and Randy is 489 00:24:23,080 --> 00:24:25,639 Speaker 1: an important important part of the puzzle and leading it 490 00:24:25,760 --> 00:24:28,680 Speaker 1: and helping with with Marty Edelman, who's our vice chairman, UM, 491 00:24:29,040 --> 00:24:32,440 Speaker 1: who has been working on this since the beginning. I 492 00:24:32,560 --> 00:24:36,520 Speaker 1: think that UM. One thing I'll say is that the 493 00:24:36,680 --> 00:24:39,600 Speaker 1: support from the New York City community that I've seen, 494 00:24:39,880 --> 00:24:42,679 Speaker 1: I've seen it be generally generally very positive. I mean, 495 00:24:42,720 --> 00:24:46,800 Speaker 1: in other words, I think elected officials, community members. Again, 496 00:24:46,960 --> 00:24:49,480 Speaker 1: they're going to be local considerations anywhere we go, and 497 00:24:49,640 --> 00:24:52,440 Speaker 1: we have to be very sensitive and aware of those, 498 00:24:52,560 --> 00:24:54,440 Speaker 1: and I think we will be as as an organization, 499 00:24:54,480 --> 00:24:57,280 Speaker 1: I think will be very attuned to them. But I 500 00:24:57,480 --> 00:25:00,119 Speaker 1: think that there's a really clear understanding that this a 501 00:25:00,160 --> 00:25:03,200 Speaker 1: sport that is meaningful to New Yorkers and would bring 502 00:25:03,400 --> 00:25:07,159 Speaker 1: tremendous kind of positives to their to their communities. Um 503 00:25:07,320 --> 00:25:09,600 Speaker 1: and and and and it's a support that's accessible to everyone. 504 00:25:09,720 --> 00:25:13,560 Speaker 1: So I feel really positive from from an approval standpoint 505 00:25:13,600 --> 00:25:15,720 Speaker 1: that will have a lot of support that said, you know, 506 00:25:16,000 --> 00:25:19,160 Speaker 1: as a team coming into any neighborhood, Um, you got, 507 00:25:19,880 --> 00:25:21,639 Speaker 1: it's the right thing to do. And it's clearly the 508 00:25:21,680 --> 00:25:23,359 Speaker 1: way we're built and the way we'll act, which is 509 00:25:23,680 --> 00:25:26,480 Speaker 1: you have to be um, understand that this is a 510 00:25:26,720 --> 00:25:30,119 Speaker 1: very important relationship. It's it's not a it's not a transaction. Well, 511 00:25:30,160 --> 00:25:32,840 Speaker 1: one reason why it works in New York simply location, 512 00:25:33,000 --> 00:25:35,720 Speaker 1: because you have a big melting pot of folks and 513 00:25:36,000 --> 00:25:39,159 Speaker 1: everybody gets into it. Yeah, absolutely absolutely, I mean, you know, 514 00:25:39,240 --> 00:25:40,600 Speaker 1: and this is a sport. It you know, when when 515 00:25:40,640 --> 00:25:42,399 Speaker 1: the U S didn't qualify for the World Cup and 516 00:25:42,600 --> 00:25:44,399 Speaker 1: and that you know, that could certainly a blow to 517 00:25:44,520 --> 00:25:47,119 Speaker 1: US soccer. But I I said to our team, and 518 00:25:47,119 --> 00:25:49,280 Speaker 1: I really believe that that there's still no better place 519 00:25:49,359 --> 00:25:51,359 Speaker 1: in the world to be during the World Cup than 520 00:25:51,440 --> 00:25:54,240 Speaker 1: New York. You know, you've got every country represented, you know, 521 00:25:54,520 --> 00:25:56,760 Speaker 1: so many people from you know, all thirty two countries. 522 00:25:56,840 --> 00:25:59,400 Speaker 1: I would encourage people to go down to Soho there 523 00:25:59,440 --> 00:26:02,600 Speaker 1: are friends. Trust is Greek, that you can go into 524 00:26:02,680 --> 00:26:05,240 Speaker 1: different places and hear the eruptions coming from around. That's 525 00:26:05,280 --> 00:26:07,200 Speaker 1: that's what we usually do. Correct And even if it's 526 00:26:07,200 --> 00:26:09,160 Speaker 1: seven and even at seven am, people will be out 527 00:26:09,160 --> 00:26:12,200 Speaker 1: there having breakfast, coffee, drinking, They're having up glass and listen. 528 00:26:12,240 --> 00:26:13,960 Speaker 1: This is a city that's alive all the time. So 529 00:26:14,320 --> 00:26:16,440 Speaker 1: it would be amazing for the US to be in 530 00:26:16,480 --> 00:26:19,760 Speaker 1: the World Cup. But point being, you know, soccer means 531 00:26:19,840 --> 00:26:22,200 Speaker 1: so much. Two people and and one thing. We We 532 00:26:22,320 --> 00:26:24,399 Speaker 1: have an project I'm so proud of, which is we 533 00:26:24,520 --> 00:26:27,840 Speaker 1: are working with the Mayor's office with Etty Hoad, who's 534 00:26:27,840 --> 00:26:30,399 Speaker 1: an amazing partner, Adidas, and the US Soccer Foundation to 535 00:26:30,400 --> 00:26:34,200 Speaker 1: build fifty small soccer fields in low income neighborhoods throughout 536 00:26:34,200 --> 00:26:37,120 Speaker 1: the throughout the five boroughs and we have built ten 537 00:26:37,320 --> 00:26:38,800 Speaker 1: or in the process of building the next ten, and 538 00:26:38,840 --> 00:26:41,160 Speaker 1: over the next three years will will be thirty more. 539 00:26:41,480 --> 00:26:44,399 Speaker 1: You know, the most important thing left for MLS is 540 00:26:44,480 --> 00:26:48,840 Speaker 1: to boost its ratings with e A Sports. So kids. 541 00:26:49,160 --> 00:26:51,600 Speaker 1: You know, your kid is a gamer and it beats 542 00:26:51,640 --> 00:26:54,600 Speaker 1: bar up all the time. But you want kids playing 543 00:26:55,280 --> 00:26:59,160 Speaker 1: and y CFC. You want them being David, you need 544 00:26:59,280 --> 00:27:02,399 Speaker 1: them to engage with your clubs, your facilities. I'm not 545 00:27:02,440 --> 00:27:05,720 Speaker 1: sure if you know this, but we have that. We 546 00:27:07,280 --> 00:27:11,000 Speaker 1: have someone who UM, you know, Chris Holly, who is 547 00:27:11,080 --> 00:27:14,600 Speaker 1: a professional FIFA player who represents n y C f 548 00:27:14,720 --> 00:27:17,920 Speaker 1: C and competed UM two weeks ago in the e 549 00:27:18,119 --> 00:27:21,840 Speaker 1: MLS Tournament, which was a tournament UM run where every 550 00:27:22,000 --> 00:27:25,399 Speaker 1: MLS team sent a representative to play. UM was up 551 00:27:25,440 --> 00:27:28,720 Speaker 1: in Boston and it was terrific. So you know, we 552 00:27:28,840 --> 00:27:31,119 Speaker 1: get it. I think you're absolutely right. You know, we 553 00:27:31,240 --> 00:27:33,000 Speaker 1: kind of like we all kind of still kind of 554 00:27:33,080 --> 00:27:35,959 Speaker 1: think it's humorous, but there were But FIFA is an 555 00:27:36,000 --> 00:27:39,320 Speaker 1: incredibly entry point for young people into the sport and 556 00:27:39,359 --> 00:27:42,120 Speaker 1: you're absolutely right that MLS is focused on it. We're 557 00:27:42,119 --> 00:27:44,399 Speaker 1: working together with them on how do we kind of 558 00:27:44,440 --> 00:27:47,760 Speaker 1: boost the presence within the game. And uh, it's in 559 00:27:47,800 --> 00:27:52,440 Speaker 1: the it's a party. Well, it's in the game, John Patrick, CFC, 560 00:27:52,680 --> 00:27:59,720 Speaker 1: thank you. I can't make much fun. There you go, 561 00:27:59,840 --> 00:28:05,240 Speaker 1: that's another story. Thank you guys for having us takeaways. 562 00:28:05,760 --> 00:28:08,719 Speaker 1: Soccer is growing in the and I know that's been 563 00:28:08,800 --> 00:28:10,639 Speaker 1: in the U s and I know that's been an 564 00:28:10,680 --> 00:28:14,400 Speaker 1: overworked phrase over and over again. But when you talk 565 00:28:14,440 --> 00:28:16,920 Speaker 1: to John, you can't help but to be excited about 566 00:28:16,960 --> 00:28:19,119 Speaker 1: the sport and where it's going to be ten to 567 00:28:19,160 --> 00:28:21,800 Speaker 1: twenty years from now. Yeah. Well, speaking of ten to 568 00:28:21,880 --> 00:28:25,359 Speaker 1: twenty years from something, I'm taken aback by how poorly 569 00:28:25,440 --> 00:28:30,119 Speaker 1: I performed in my appearance with NYC f C our 570 00:28:30,200 --> 00:28:32,359 Speaker 1: number of the weeks should be three. Number of minutes 571 00:28:32,400 --> 00:28:35,960 Speaker 1: Sashnik lasted on the field with premier athletes. I feel 572 00:28:36,000 --> 00:28:40,080 Speaker 1: bad because I didn't know you really did. Living around 573 00:28:41,040 --> 00:28:44,800 Speaker 1: it's tough. But in my visit to the training facility, 574 00:28:45,240 --> 00:28:48,000 Speaker 1: I will tell you what struck me is the uniformity. 575 00:28:48,400 --> 00:28:50,880 Speaker 1: When you have a big umbrella organization like this and 576 00:28:50,960 --> 00:28:53,920 Speaker 1: it's Manchester City and they have in Melbourne and around 577 00:28:53,960 --> 00:28:57,080 Speaker 1: the world, everything is the same. That video room is locked, 578 00:28:57,200 --> 00:29:00,400 Speaker 1: they approach everything the same. Every bit of this is 579 00:29:00,480 --> 00:29:03,480 Speaker 1: logged because they want the grass to be the same, 580 00:29:03,680 --> 00:29:05,400 Speaker 1: the outside of the building to look the same, the 581 00:29:05,520 --> 00:29:10,440 Speaker 1: field to be the same. They really want everything throughout 582 00:29:10,560 --> 00:29:13,840 Speaker 1: this umbrella organization. This isn't easy. They want the style 583 00:29:13,920 --> 00:29:17,320 Speaker 1: of play, the grass in Melbourne to mirror right here 584 00:29:17,360 --> 00:29:19,560 Speaker 1: in New York and what's going on in Manchester City, 585 00:29:20,000 --> 00:29:25,320 Speaker 1: everything to be the same. Feels better to be number 586 00:29:25,360 --> 00:29:27,400 Speaker 1: one than number five. I'll wear a number because of Mike. 587 00:29:27,520 --> 00:29:29,000 Speaker 1: We have a chance to go for three in a row. 588 00:29:29,080 --> 00:29:31,000 Speaker 1: Good numbers in a good time. When I first started 589 00:29:31,040 --> 00:29:34,400 Speaker 1: wearing the number, how we just have the bloomberg business 590 00:29:34,480 --> 00:29:38,360 Speaker 1: of sports? The number of the week? Time? Now for 591 00:29:38,440 --> 00:29:40,960 Speaker 1: the number of the week, you don't know what it is, 592 00:29:41,360 --> 00:29:45,360 Speaker 1: so here we go. It is fifty one? Oh you know, 593 00:29:45,600 --> 00:29:48,560 Speaker 1: I don't know. But can I go off script? Whatever 594 00:29:48,640 --> 00:29:51,840 Speaker 1: little script? How about this for our number of the week? Medina? 595 00:29:52,280 --> 00:29:55,680 Speaker 1: How many carrots is that ring? Oh? Yeah, that should 596 00:29:55,720 --> 00:29:59,320 Speaker 1: be the number of the weekend? You know what? It 597 00:29:59,440 --> 00:30:02,080 Speaker 1: might be fifty one And I don't know. I don't. 598 00:30:02,160 --> 00:30:03,960 Speaker 1: I know she knows the answer to this one, I know, 599 00:30:04,120 --> 00:30:05,960 Speaker 1: but I really don't know the answer. You don't know 600 00:30:06,120 --> 00:30:08,680 Speaker 1: how much I don't know. You don't know cut and clarity. 601 00:30:08,720 --> 00:30:11,280 Speaker 1: I've been through this. I do know those things, but 602 00:30:11,400 --> 00:30:14,760 Speaker 1: I don't know specifically on this one because I didn't 603 00:30:14,760 --> 00:30:16,560 Speaker 1: want to know. I just wanted him to pick something 604 00:30:17,040 --> 00:30:20,280 Speaker 1: he wanted to pick, and you know, for it to 605 00:30:20,320 --> 00:30:23,000 Speaker 1: be special. That's okay. My piece of advice. You'll find 606 00:30:23,080 --> 00:30:25,240 Speaker 1: out when you get it appraised for the insurance company. 607 00:30:27,080 --> 00:30:31,120 Speaker 1: Give that Bernie Williams fifty one. That's all. I don't know. 608 00:30:31,160 --> 00:30:38,520 Speaker 1: I have no idea. NHL next hint, Nhlift one playoffs 609 00:30:38,560 --> 00:30:44,600 Speaker 1: are going, I don't know. But any Toronto Maple leaves 610 00:30:44,720 --> 00:30:47,880 Speaker 1: fan and that's how long it's been since they have 611 00:30:48,080 --> 00:30:52,760 Speaker 1: won to sh and you know what, Toronto Boston. Not 612 00:30:52,880 --> 00:30:54,880 Speaker 1: that Tampa is not good. I mean, Tampa is a 613 00:30:55,000 --> 00:30:59,320 Speaker 1: super team, but to have Toronto play Boston, that's tough. 614 00:30:59,640 --> 00:31:05,000 Speaker 1: Those too very good hockey teams. And to lose Austin 615 00:31:05,160 --> 00:31:09,320 Speaker 1: Matthews at this stage of the playoffs and Nasam cadri 616 00:31:09,840 --> 00:31:13,800 Speaker 1: and Willie ni Lander, those guys can play. But credit 617 00:31:13,880 --> 00:31:17,640 Speaker 1: to the Bruins because that team can can go all 618 00:31:17,680 --> 00:31:20,640 Speaker 1: the way. You've been listening to Bloomberg Business of Sports. 619 00:31:20,720 --> 00:31:22,560 Speaker 1: We are here each and every week at the same time, 620 00:31:22,600 --> 00:31:25,920 Speaker 1: exploring the world money and sports. I'm Michael Barnes and 621 00:31:25,960 --> 00:31:28,440 Speaker 1: I'm Scott. Thanks for joining us. Please tune in next 622 00:31:28,440 --> 00:31:30,360 Speaker 1: week when we speak with the biggest and brightest in 623 00:31:30,400 --> 00:31:33,480 Speaker 1: the sports business industry. You're listening to Bloomberg Business of 624 00:31:33,480 --> 00:31:36,719 Speaker 1: Sports from Bloomberg Radio around the world and online as 625 00:31:36,760 --> 00:31:38,680 Speaker 1: an Apple Podcast on iTunes.