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Speaker 1: This is the business of sports where in the situation

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

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

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Speaker 1: for years. From a macro standpoint, I think our sport

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Speaker 1: industry is really forced to look at the business a

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Speaker 1: little bit differently. In depth conversations with the leaders in

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Speaker 1: the sports industry. Who wants to be the sacrificial lambs

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Speaker 1: that shows up at the first big major sporting event,

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Speaker 1: were part of something much bigger than the sports right now,

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Speaker 1: and the health and tasty of our stakeholders and books

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Speaker 1: much important every moment. I think we're all from the

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Speaker 1: business respective thinking about the impact that the virus is

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Speaker 1: having a across the country. In Bloomberg Business of Sports

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Speaker 1: from Bloomberg Radio, Hello, I'm John stash Hour, and I'm

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Speaker 1: Mike Lynch and I'm Michael Barr And this is the

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Speaker 1: Bloomberg Business of Sports podcast where we explore the big

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Speaker 1: money issues in the world of sports. And today we

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Speaker 1: begin with news out of the NFL. The Washington Football

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Speaker 1: team has hired Jason Wright as team president, making him

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Speaker 1: the first African American to hold such a position in

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Speaker 1: League history, and I guess I start, gentlemen, what does

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Speaker 1: this mean for a team that is in the middle

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Speaker 1: of rebranding and fixing its image? John, Yeah, I mean,

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Speaker 1: it's definitely a move in the right direction. This is

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Speaker 1: a franchise that had a really bad, uh stretch there

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Speaker 1: between the controversy over the the team name, where they

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Speaker 1: the owner Dan Snyder, finally you're relinquished only because of

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Speaker 1: corporate pressures, and then they couldn't come up with a

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Speaker 1: new name, and then of course that story about ten

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Speaker 1: former female employees of the team, you know, with accusations

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Speaker 1: of sexual harassment and inappropriate behavior in the workplace. So

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Speaker 1: there was there was some terrible things going on, and

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Speaker 1: there's still minority owners who are urging Dan Snyder to

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Speaker 1: sell the team, but he does not want to sell

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Speaker 1: the team. So a couple of weeks ago, a fey

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Speaker 1: weeks ago, they hired a woman, Julie Donaldson, who's in

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Speaker 1: the broadcasting business, to kind of run communications. Uh So

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Speaker 1: that was considered a step in the right direction. And

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Speaker 1: this is obviously one because it's amazing that there has

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Speaker 1: never been an African American to hold this kind of

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Speaker 1: a position in the NFL. You know, it's obviously Jason

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Speaker 1: is very much qualified for this position. But anything comes

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Speaker 1: to Daniel Snyder. You look at you said, is this

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Speaker 1: a have to move or a want to move? And

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Speaker 1: I'm hoping it's a want to move to to elevate

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Speaker 1: Jason right to this position. Um, he won't have anything

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Speaker 1: to do with the football operations, but help the charge

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Speaker 1: of all the business operations, finance, sales, marketing. Uh And

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Speaker 1: and you know he's got a big, big job to

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Speaker 1: do because the image of this club has been tarnished

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Speaker 1: and he's uh. I think he's the right guy at

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Speaker 1: the right time, in the right place, thirty eight years old,

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Speaker 1: and he has business experience. Let's let's send that in now.

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Speaker 1: In fact, he after he retired in two ten, he

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Speaker 1: went on to attend business school and he was a

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Speaker 1: consultant uh in the business world for a while. So

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Speaker 1: he does bring that to the table. Guys, you know

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Speaker 1: what I like about it. I mean we've seen big names.

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Speaker 1: I mean Magic Johnson comes to mind, teams hiring really

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Speaker 1: big names. But just because you were a Hall of

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Speaker 1: Fame player doesn't mean that you have what it takes

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Speaker 1: to run. This guy was not a big name. I

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Speaker 1: never heard of him. I mean, he played seven years

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Speaker 1: in the Lady. He was a journeyman running back for

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Speaker 1: like four different teams. So he's not getting this job because,

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Speaker 1: oh wow, we got a famous guy and on the team.

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Speaker 1: He knows about what it's like to play in the NFL.

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Speaker 1: I think that will help him. But that's not why

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Speaker 1: he got this job. You know, some of the great

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Speaker 1: managers and coaches or guys that were second and third

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Speaker 1: stringers that sat on the bench and observed a lot.

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Speaker 1: We're thinking baseball, like Earl Weaver. I mean he wasn't

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Speaker 1: a great player, Sparky Anderson not a great player, but

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Speaker 1: great managers and and this could be the same situation

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Speaker 1: right here. Jason did a lot of observing while he

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Speaker 1: was on a team, and hopefully he'll take that those

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Speaker 1: observations and that learning experience with him as head of

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Speaker 1: the Washington football team. And you're not gonna bring up

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Speaker 1: a racing reference as we talked about that Richard Children's who.

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Speaker 1: Uh he was a driver, but as an owner, oh

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Speaker 1: my goodness, he blew it out of the park. Obviously

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Speaker 1: he was behind uh Dale Earnhardt, the late Dale Earnhardt's car.

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Speaker 1: Uh and just made inroads in that. So, just like

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Speaker 1: you said, that can mean boatloads when you're moving into

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Speaker 1: the management park, which brings us now to college football.

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Speaker 1: And as we've mentioned before, the Big Ten and the

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Speaker 1: Pact twelve, they have next their fall football seasons over

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Speaker 1: virus concerns, and now league officials are speaking about the

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Speaker 1: increased testing and the devastating impacts on the economies of

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Speaker 1: many American college towns. In fact, I think the n

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Speaker 1: C Double as Chief Medical Officer said, Look, with the

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Speaker 1: way testing is going right now, there's no way in

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Speaker 1: the world we can have sports jump. Yeah. I mean,

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Speaker 1: obviously we talked about this, the fact that we've got

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Speaker 1: two conferences. Okay, we're not playing, although we're note in

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Speaker 1: Justin Fields and star quarterback in Ohio State's trying to play.

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Speaker 1: Is putting out a petition to try and get to play.

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Speaker 1: I don't think that's going to be successful. But then

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Speaker 1: you have these other conferences that are at least as

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Speaker 1: of now, planning to play. But is it really gonna happen? Guys?

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Speaker 1: I mean when you hear the n C Double as

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Speaker 1: Chief Medical Officers saying there's no way they can go forward.

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Speaker 1: So I'm very I am certainly not convinced that there's

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Speaker 1: going to be any college football this fall. Well, the

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Speaker 1: opening weekend for the a c C I think is

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Speaker 1: September seven, so we're looking at less than a month

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Speaker 1: right here. It's coming down the track pretty fast, and

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Speaker 1: I think they're going to take this thing right to

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Speaker 1: the eleventh hour and make a decision in that final

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Speaker 1: week about safety. And you know, as as the players,

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Speaker 1: uh as the more students continue to move back on campus,

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Speaker 1: we may see an uptick in positive tests. That that's

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Speaker 1: the big thing right now that the teams are practicing

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Speaker 1: and they run any other students on campus, but they're

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Speaker 1: all going to start barreling in this weekend and that's

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Speaker 1: where we may see some more or positive tests and

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Speaker 1: maybe some decisions will be made by Right now, there

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Speaker 1: are six conferences that are ready to go. Will six

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Speaker 1: of them make it to the starting line, I don't

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Speaker 1: think so. Well, plus two the college towns they're going

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Speaker 1: to take a beating. I mean ann Arbor, for example,

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Speaker 1: huge with Michigan Wolverines, the watering holes and restaurants all

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Speaker 1: around there. They just have action packed business. When the

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Speaker 1: Wolverines are playing. That's all up in smoke now. I

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Speaker 1: mean you feel for them, obviously, but I mean you

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Speaker 1: almost have to say, like, who isn't struggling, you know.

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Speaker 1: I mean there's just something you know, I was thinking

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Speaker 1: the other day, like dry cleaners, right, I mean, people

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Speaker 1: have been usually go to work five days a week,

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Speaker 1: and so they put on nice clothes and then they

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Speaker 1: bring their clothes to the dry cleaners. Well, everyone's either

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Speaker 1: not working or working at home and not dressing, you know,

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Speaker 1: So there's just so many everywhere you turn, there's people

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Speaker 1: who are really taking a hit with this. You're absolutely

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Speaker 1: right about that one, Stash. I went right by my

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Speaker 1: dry cleaners the other day and they have a big

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Speaker 1: sign in the window we are open, and but I

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Speaker 1: don't have any shirts or you know, suits, because I

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Speaker 1: have at one one since March. And you know that

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Speaker 1: they're not the only ones, but Alabama, we've we've thrown

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Speaker 1: this number around. A weekend football game in Tuscaloosa is

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Speaker 1: worth roughly twenty million dollars to the local economy, and

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Speaker 1: they usually have five or six home games per year.

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Speaker 1: So yeah, football is getting hit. But his Stash said,

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Speaker 1: everybody else is getting hit as well. I just wonder

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Speaker 1: what is going to happen to those bars and restaurants

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Speaker 1: that take a major hit. Can they survive? Will that

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Speaker 1: if they get any money relief money, will that be

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Speaker 1: enough to to save them? I I just don't know, guys.

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Speaker 1: You know I was talking to Actually, my brother in

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Speaker 1: law invested as an owner in a minor league baseball team.

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Speaker 1: This is gonna be his first year in Alabama. They

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Speaker 1: and they, you know, they had a stadium that the

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Speaker 1: city built, They had the tickets, and they were already

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Speaker 1: they hired a lot of people and now all the

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Speaker 1: son they didn't have a team, they have a season.

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Speaker 1: So you know, it's just another layer of people taking

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Speaker 1: a hint with this. It's it's tough. Well, this is

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Speaker 1: going to be interesting when the students. I have a

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Speaker 1: nephew who goes to Syracuse and he plays on their

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Speaker 1: hockey team and he's leaving on Friday, and Syracuse is

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Speaker 1: sending their students back. So you know, this is gonna

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Speaker 1: be the the interesting part when they start interacting with

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Speaker 1: the athletes that are on campus right now that have

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Speaker 1: a season penciled in. And as I said before, let's let'

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Speaker 1: let's see what the numbers happened. Uh, And I think

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Speaker 1: that's going to affect whether some of these teams, like

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Speaker 1: the SEC and some of these other conferences like Conference USA,

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Speaker 1: decided to go forward. John, Mike, I'm gonna let you

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Speaker 1: in on a little secret. And when you mentioned about

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Speaker 1: the dry cleaners, she's right. Since April up until about

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Speaker 1: a month ago, I was working from home, and so

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Speaker 1: I didn't have any reason to go and have my

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Speaker 1: shirts cleaned or anything like that or whatever. So they,

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Speaker 1: I'll tell you what did succeed gain detergent Because my

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Speaker 1: Nascar pajamas were great. Seeing radio, you don't have to

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Speaker 1: worry about people seeing you. So I was in my

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Speaker 1: Nascar pajamas. Oh it was great anyway. And Mike Lynch

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Speaker 1: was on TV, so he would have a coat and tie,

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Speaker 1: but then he would have like Jim shorts. And how

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Speaker 1: did you know that TV guys, that that happened Like

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Speaker 1: a week ago Sunday, we had a Celtics pregame show

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Speaker 1: and I went in there and I was sitting on

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Speaker 1: a stool and I had literally a bathing suit and

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Speaker 1: flip flops and I had a jacket tie on up above.

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Speaker 1: If it really all me knew I'd pay good money

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Speaker 1: for a wide shot. Man. Uh. Finally, let's talk about

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Speaker 1: the NBA Playoffs predictions, gentlemen predictions. Well, look, this is

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Speaker 1: a league where in the plast generally speaking, if if

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Speaker 1: things go the way they usually do. And that's a

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Speaker 1: question because we've never been down this movie before, playing

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Speaker 1: teams in August and all that, but usually there's not

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Speaker 1: a lot of surprises in the NBA playoffs. The teams

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Speaker 1: that are the better teams in the regular season generally

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Speaker 1: move in advance on and so UM, I would not expect,

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Speaker 1: you know, at least in this first round, you know,

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Speaker 1: the Bucks or the Lakers, or the Clippers or some

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Speaker 1: of these top teams uh to have much trouble. I

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Speaker 1: think it's gonna get interesting in the later rounds. I

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Speaker 1: mean you're looking at the Lakers and Clippers maybe facing off. Um,

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Speaker 1: I like the Bucks to come out of the East.

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Speaker 1: Maybe the Celtics. They've been playing well. So I think

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Speaker 1: it's kind of like the teams that you don't have

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Speaker 1: any dark horses. I think the teams expect to win

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Speaker 1: will win. I think you're right, I think Sash, I

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Speaker 1: think it's gonna be the Bucks and probably the Lakers.

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Speaker 1: The only thing that the little flying the ointment here

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Speaker 1: is that no home court advantage for anyone, you know, neutral,

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Speaker 1: neutral site, no you know, pumped in crowd, noise, etcetera, etcetera.

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Speaker 1: But you know, will the lack of a home court

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Speaker 1: hurt some teams that should win the series that they're

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Speaker 1: about to play or will play after they advance us

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Speaker 1: because of what you just said. I don't have a

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Speaker 1: clue because usually you're you're fighting for home court advantage

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Speaker 1: and you're fighting to have the crowd behind you that

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Speaker 1: you know, that sixth man out there on the court,

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Speaker 1: the entire crowd, and it it helps. But when you

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Speaker 1: don't have any home court advantage, I don't know who's

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Speaker 1: gonna I mean, yes, it's like like John said, I

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Speaker 1: mean it's like, you know, all the Bucks and those guys,

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Speaker 1: they're they're gonna be easy, they'll be fine, they'll move

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Speaker 1: on to the next round. It's when, like you said,

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Speaker 1: the Lakers and the Clippers, and that would be a

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Speaker 1: good series. Yeah, not not to switch topics, we can

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Speaker 1: get back to the NBA, But I was thinking about

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Speaker 1: this the other day. You know, when the NFL starts

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Speaker 1: and the folks in Vegas have to lay down the

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Speaker 1: betting lines. What what do they always do? Right? They

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Speaker 1: give like three points to the home team. It's always

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Speaker 1: an automatic whatever you are. If you're a seven point underdog,

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Speaker 1: become a four point underdog if you're at home. Well,

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Speaker 1: they're gonna still do that. If there are no fans

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Speaker 1: in the stadium. Is that's still a factor. I don't know.

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Speaker 1: I don't know whether that's that's a good point. Um,

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Speaker 1: so it will affect that, they will affect the betting

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Speaker 1: lines for sure. I think that home field advantage is

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Speaker 1: probably less important football than it is in basketball and

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Speaker 1: hockey and closed arenas. I think that you know, hockey

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Speaker 1: and basketball, I think it's it's primary. Uh, that's more

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Speaker 1: important to have home ice, home court advantage. And then

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Speaker 1: the next sport after that, probably the third will be football,

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Speaker 1: and then the last would be baseball. It will be exciting.

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Speaker 1: It's by the way, I gotta through this in uh

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Speaker 1: is Sunday. Yes, the first time about thirty three years,

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Speaker 1: we've had an end ready on the pole. And it

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Speaker 1: it wasn't Uh, it wasn't for Marco, it wasn't his

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Speaker 1: father Michael. It's his grandfather, Mario Andretti last time on

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Speaker 1: the pole in seven for the fire and they're busting

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Speaker 1: off laps at two three miles and my goodness, that's

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Speaker 1: almost like driving on y eight. When the Patriots played

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Speaker 1: the Giants in the Super Bowl and Indianapolis, they had

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Speaker 1: the media party at the Inde and we all got

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Speaker 1: to go out and kiss the bricks at the at

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Speaker 1: the starting finish line there. It was. It was a

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Speaker 1: pretty big thrill, I'll tell you that was. I was

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Speaker 1: pretty chazzed up about that. I've never been in the speedway,

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Speaker 1: but I've driven by it and you're just struck by

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Speaker 1: how massive it is. I mean, you just keep driving

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Speaker 1: and driving. You know it was a golf there's a

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Speaker 1: golf course inside. There's not nine of the eighteen holes

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Speaker 1: are inside the track. When you see the scoring tower

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Speaker 1: at Indianapolis, you're like, oh my god, that's it that

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Speaker 1: you know that there's no other place like it in

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Speaker 1: the world with that scoring tower. I love it. I'm sorry. Ah.

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Speaker 1: This is the Work Business of Sports podcast on Michael

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Speaker 1: bar along with Mike Lynch and John and we are

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Speaker 1: here every Monday, Wednesday and Thursday. Exploring the world of

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Speaker 1: money in sports. Join us again at the end of

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Speaker 1: the week when we talk all things hockey and business

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Speaker 1: with Bill keenan author of odd Man. You're listening to

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Speaker 1: Bloomberg Business of Sports on Bloomberg Radio around the world

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