1 00:00:00,280 --> 00:00:03,400 Speaker 1: This is the business of sports. Let's talk Super Bowl 2 00:00:03,520 --> 00:00:07,160 Speaker 1: and Fox Sports guarantee money isn't necessarily guaranteed. One Major 3 00:00:07,200 --> 00:00:10,959 Speaker 1: League soccer runner is leading out fifty million dollar investment, 4 00:00:11,160 --> 00:00:14,200 Speaker 1: blurring of the lines between sports team owners and the 5 00:00:14,200 --> 00:00:18,599 Speaker 1: sports gambling space. How high can these valuations go? Evan 6 00:00:18,960 --> 00:00:21,200 Speaker 1: Williams Off the field, the NBA has never been buzzier, 7 00:00:21,320 --> 00:00:24,000 Speaker 1: and the leaders in the sports industry, Major League Baseball 8 00:00:24,000 --> 00:00:27,000 Speaker 1: Commission to Rob Manfred Idy O'Neill is President of Director 9 00:00:27,040 --> 00:00:29,720 Speaker 1: Consumer in that game, then the race car driver Eliol 10 00:00:29,760 --> 00:00:33,400 Speaker 1: Gastron Evs, Jared Smith, president of Ticketmasters. Bloomberg Business of 11 00:00:33,440 --> 00:00:37,839 Speaker 1: Sports from Bloomberg Radio. Hello, I'm Evan, Novie Williams, and 12 00:00:37,880 --> 00:00:40,760 Speaker 1: I'm mikel and I'm Michael Barr. Every week, this time, 13 00:00:40,760 --> 00:00:43,640 Speaker 1: plus Monday's and Wednesday's, we explore the big money issues 14 00:00:43,680 --> 00:00:45,400 Speaker 1: in the world of sports. Today we sit down with 15 00:00:45,440 --> 00:00:49,919 Speaker 1: and Lerzugero, gold medalist, four time US Ice Hockey Olympian 16 00:00:50,280 --> 00:00:54,560 Speaker 1: and current CEO and co founder of the Sports Innovation Lab. 17 00:00:54,760 --> 00:00:57,760 Speaker 1: That is straight ahead on the Bloomberg Business of Sports show. 18 00:00:57,800 --> 00:01:00,440 Speaker 1: But first, let's look at some of the top stories 19 00:01:00,440 --> 00:01:03,400 Speaker 1: of the week. Beginning with a private equity firm looking 20 00:01:03,440 --> 00:01:08,679 Speaker 1: to scoop up limited stakes in sports franchises. Even Yeah, 21 00:01:08,720 --> 00:01:10,640 Speaker 1: this is an interesting one. You know, we've talked about 22 00:01:10,640 --> 00:01:14,319 Speaker 1: skyrocketing franchise valuations and the effect that that has on 23 00:01:14,440 --> 00:01:16,280 Speaker 1: you know, the number of people that can afford to 24 00:01:16,360 --> 00:01:19,560 Speaker 1: buy teams. And now suddenly you know this private equity 25 00:01:19,600 --> 00:01:22,960 Speaker 1: form arc does sports Partners raising almost two billion dollars 26 00:01:23,040 --> 00:01:25,959 Speaker 1: up to one point seven five billion billion just to 27 00:01:26,040 --> 00:01:29,280 Speaker 1: invest in these minority stakes a long term event horizon, 28 00:01:29,760 --> 00:01:31,880 Speaker 1: my guests, Mike Lynch is going to help out a 29 00:01:31,959 --> 00:01:35,400 Speaker 1: number of majority shaped stair shareholders who are maybe a 30 00:01:35,440 --> 00:01:38,000 Speaker 1: little strap for cash right now. Well, a few weeks 31 00:01:38,040 --> 00:01:41,000 Speaker 1: ago we talked about the cash call with the Arizona Diamondbacks. 32 00:01:41,240 --> 00:01:43,479 Speaker 1: The way I look at this is that sometimes when 33 00:01:43,520 --> 00:01:46,039 Speaker 1: a when a stock gets two runs away from you, 34 00:01:46,120 --> 00:01:48,200 Speaker 1: like Apple, you can't afford really to buy enough to 35 00:01:48,240 --> 00:01:51,040 Speaker 1: make any profit. You join a mutual fund. And to me, 36 00:01:51,200 --> 00:01:54,400 Speaker 1: this is a mutual fund of sports ownership. I think 37 00:01:54,440 --> 00:01:56,640 Speaker 1: that's exactly right. And yes, cash calls, you know, we're 38 00:01:56,640 --> 00:01:59,120 Speaker 1: gonna see a lot of owners making them. Uh, this 39 00:01:59,160 --> 00:02:01,320 Speaker 1: is an alternative of to doing that instead of asking 40 00:02:01,320 --> 00:02:04,000 Speaker 1: your minority investors for more money. You can maybe if 41 00:02:04,040 --> 00:02:07,080 Speaker 1: you own seventy of a team, you can sell maybe 42 00:02:07,080 --> 00:02:10,160 Speaker 1: five to these guys and they'll give you, you know, 43 00:02:10,200 --> 00:02:13,320 Speaker 1: a nice little cash infusing for it. It wouldn't surprise 44 00:02:13,360 --> 00:02:16,639 Speaker 1: me if you see somebody say, okay, there's another five percent, 45 00:02:16,680 --> 00:02:20,400 Speaker 1: if anybody from the public wants to invest in that, 46 00:02:20,520 --> 00:02:23,480 Speaker 1: right and I'm talking about Joe blow Fan making an 47 00:02:23,520 --> 00:02:27,400 Speaker 1: investment into it, that wouldn't surprise me that people wouldn't 48 00:02:27,400 --> 00:02:29,720 Speaker 1: do it just to say, hey, I own a piece 49 00:02:29,720 --> 00:02:32,360 Speaker 1: of the Detroit Lions or whatever. Oh, you're kind of 50 00:02:32,360 --> 00:02:34,840 Speaker 1: getting close to what the what the Green Bay Packers 51 00:02:34,919 --> 00:02:37,400 Speaker 1: do in some ways. I mean, I think we're a 52 00:02:37,400 --> 00:02:40,160 Speaker 1: long way away from getting kind of truly publicly traded 53 00:02:40,520 --> 00:02:43,359 Speaker 1: UH sports companies. But you're right, the Packers have tapped 54 00:02:43,360 --> 00:02:46,560 Speaker 1: into something that really gives their fans some real you know, 55 00:02:46,720 --> 00:02:49,800 Speaker 1: quote unquote equity in in in the franchise, and you 56 00:02:49,840 --> 00:02:54,160 Speaker 1: know they're rewarded by some some pretty passionate vans. Up next, 57 00:02:54,200 --> 00:02:57,320 Speaker 1: some interesting news for New Yorkers with big cable bills 58 00:02:57,400 --> 00:03:01,359 Speaker 1: and no sports on TV. This is interesting. State Attorney 59 00:03:01,400 --> 00:03:04,919 Speaker 1: General Letitia James is demanding big cable and satellite TV 60 00:03:05,080 --> 00:03:09,440 Speaker 1: providers cut or eliminate fees tie to live sports programming 61 00:03:09,800 --> 00:03:14,480 Speaker 1: during the coronavirus pandemic. Guys, it feels like every week 62 00:03:14,560 --> 00:03:18,040 Speaker 1: we're talking about, you know, a bigger crack, maybe a 63 00:03:18,080 --> 00:03:22,240 Speaker 1: deeper fisher in in the sports media. You know business 64 00:03:22,320 --> 00:03:24,600 Speaker 1: model right now. You know, as we've said, the way 65 00:03:24,600 --> 00:03:27,480 Speaker 1: it works, fans pay their cable building, their provider, the 66 00:03:27,520 --> 00:03:31,320 Speaker 1: provider pays money to ESPN. ESPN pays money to leagues. Uh. 67 00:03:31,480 --> 00:03:33,919 Speaker 1: For now, all that money is kind of flowing directly. 68 00:03:34,000 --> 00:03:38,040 Speaker 1: But as more attorneys general or as more cable payers say, 69 00:03:38,120 --> 00:03:40,040 Speaker 1: you know, maybe we shouldn't be paying for live sports 70 00:03:40,080 --> 00:03:42,680 Speaker 1: when live sports aren't happening, you know, it threatens Mike 71 00:03:42,800 --> 00:03:44,839 Speaker 1: Lynch to kind of throw the whole thing, and they'll 72 00:03:44,960 --> 00:03:47,760 Speaker 1: bring the whole house down. I look at the auto 73 00:03:47,800 --> 00:03:50,400 Speaker 1: insurance industry right now, and that's some of the top 74 00:03:50,400 --> 00:03:55,560 Speaker 1: companies like Geico are refunding fifteen their premiums because they're 75 00:03:55,560 --> 00:03:57,120 Speaker 1: on new cars on the road and they're out in 76 00:03:57,160 --> 00:04:00,400 Speaker 1: the accidents as many accidents. Yesterday, the ball some red 77 00:04:00,400 --> 00:04:03,280 Speaker 1: Sox announced that they will refund money for all tickets 78 00:04:03,400 --> 00:04:06,520 Speaker 1: purchase through May thirty one, and the problem here, though, 79 00:04:06,560 --> 00:04:08,720 Speaker 1: is how do you get the money back from the 80 00:04:08,800 --> 00:04:11,920 Speaker 1: networks that that's already been paid up into the professional leagues. 81 00:04:13,200 --> 00:04:16,120 Speaker 1: Michael Barr, you're a cable guy and you're probably paying 82 00:04:16,279 --> 00:04:20,120 Speaker 1: thirty forty a month for live sports. You're not watching 83 00:04:20,160 --> 00:04:22,520 Speaker 1: the life sports right now. I mean, how do you 84 00:04:22,560 --> 00:04:24,320 Speaker 1: feel when you when you look at your cable bill 85 00:04:24,360 --> 00:04:27,080 Speaker 1: at the end of April and think, oh, there's a 86 00:04:27,120 --> 00:04:29,120 Speaker 1: big chunk here that I'm paying that I am not 87 00:04:29,160 --> 00:04:32,520 Speaker 1: getting anything for. Well, I'll tell you what. Marble raising 88 00:04:32,560 --> 00:04:36,640 Speaker 1: isn't gonna cut it, and the extra money for the sports, 89 00:04:37,000 --> 00:04:42,200 Speaker 1: and I see, I see the point that the a 90 00:04:42,360 --> 00:04:45,680 Speaker 1: G is making. It's like, look you charge. If you 91 00:04:45,680 --> 00:04:47,440 Speaker 1: look at your bill, it's and you look at us 92 00:04:47,480 --> 00:04:52,680 Speaker 1: and included you know ESPN is is pay four fee 93 00:04:52,760 --> 00:04:54,760 Speaker 1: for that and and all the other ones in the 94 00:04:54,800 --> 00:04:59,000 Speaker 1: regional sports networks. Well, we're gonna have playing baseball and 95 00:04:59,040 --> 00:05:02,880 Speaker 1: we're not playing Hi, we're not playing any NBA games, 96 00:05:02,960 --> 00:05:05,800 Speaker 1: So why am I paying for that money? And it's 97 00:05:05,880 --> 00:05:08,640 Speaker 1: kind of the same way if you have a subscription 98 00:05:08,720 --> 00:05:12,480 Speaker 1: to a sports journal, it's like, well, wait, we don't 99 00:05:13,080 --> 00:05:15,680 Speaker 1: there are no sports, so why am I paying this? 100 00:05:16,160 --> 00:05:20,000 Speaker 1: And some have voluntarily the sports journals have decided, okay, 101 00:05:20,000 --> 00:05:22,200 Speaker 1: we're going to suspend the fee. So I'm wondering if 102 00:05:22,240 --> 00:05:24,320 Speaker 1: that should be the same thing for cable. The thing 103 00:05:24,360 --> 00:05:27,080 Speaker 1: that makes this, you know, additionally complicated one. You know, 104 00:05:27,279 --> 00:05:29,440 Speaker 1: none of these leagues, the NBA, the NHL, they haven't 105 00:05:29,440 --> 00:05:32,839 Speaker 1: officially canceled any games yet, so they're not kind of 106 00:05:32,880 --> 00:05:36,760 Speaker 1: technically in violation of their of their agreements with with 107 00:05:36,800 --> 00:05:39,520 Speaker 1: these cables, with these with the networks quite yet. And 108 00:05:39,560 --> 00:05:41,400 Speaker 1: then the second thing is that you know, all these 109 00:05:41,400 --> 00:05:45,000 Speaker 1: guys are locked into multi year relationships, you know, and 110 00:05:45,040 --> 00:05:48,120 Speaker 1: nobody wants to to burn a relationship with a league 111 00:05:48,640 --> 00:05:52,320 Speaker 1: right now in April and May of when you theoretically 112 00:05:52,320 --> 00:05:55,279 Speaker 1: have a have an eight year contract that that that's 113 00:05:55,320 --> 00:05:58,360 Speaker 1: to extends you through, you know. So so everyone has 114 00:05:58,400 --> 00:06:00,800 Speaker 1: to think about the long term here. If we are 115 00:06:01,040 --> 00:06:03,120 Speaker 1: a month away from live sports, if we're eight months 116 00:06:03,120 --> 00:06:04,960 Speaker 1: away from Live sports, you know, a lot of these 117 00:06:05,040 --> 00:06:07,400 Speaker 1: contracts are so long that that we're still just in 118 00:06:07,640 --> 00:06:10,400 Speaker 1: a small portion of the amount of time that they 119 00:06:10,400 --> 00:06:12,760 Speaker 1: need to work together. And nobody can think it, at 120 00:06:12,800 --> 00:06:15,520 Speaker 1: least not yet, wants to burn the bridge permanently and 121 00:06:15,560 --> 00:06:19,400 Speaker 1: have that sour the rest of the relationship. Finally, it 122 00:06:19,440 --> 00:06:22,520 Speaker 1: was a big story all week the Los Angeles Lakers 123 00:06:22,560 --> 00:06:25,520 Speaker 1: receiving a four point six million dollar loan under the 124 00:06:25,560 --> 00:06:29,640 Speaker 1: government's small business Rescue program. After a ton of blowback, 125 00:06:30,160 --> 00:06:33,919 Speaker 1: they're returning the money. Having Yeah, I mean this, this 126 00:06:34,040 --> 00:06:37,279 Speaker 1: looks bad, no question. Um, I'm curious what you guys 127 00:06:37,320 --> 00:06:40,520 Speaker 1: think kind of where things broke down. It certainly seems 128 00:06:40,560 --> 00:06:43,560 Speaker 1: like the Los Angeles Lakers should not be getting money 129 00:06:43,640 --> 00:06:46,120 Speaker 1: under this program. They're returning it, which I think is 130 00:06:46,200 --> 00:06:48,520 Speaker 1: the right thing to do. Uh, Micha Lynch, where do 131 00:06:48,560 --> 00:06:53,080 Speaker 1: you kind of point the blame around this entire endeavor? Well, 132 00:06:53,160 --> 00:06:55,200 Speaker 1: that's what's wrong with this entire system. I mean, the 133 00:06:55,200 --> 00:06:57,360 Speaker 1: fact that they actually applied for it. It's a little 134 00:06:57,360 --> 00:06:59,120 Speaker 1: bit of an embarrassment, I think to them and to 135 00:06:59,240 --> 00:07:02,680 Speaker 1: the to the NBA as well. But you know, hats 136 00:07:02,680 --> 00:07:05,279 Speaker 1: off that they just said, you know what, this isn't smart. 137 00:07:05,279 --> 00:07:08,200 Speaker 1: When they found out that the funds had had run dry, 138 00:07:08,320 --> 00:07:11,080 Speaker 1: they gave back the their uh, their loan. And we 139 00:07:11,160 --> 00:07:12,960 Speaker 1: have a chant here in Boston that's been going on 140 00:07:13,040 --> 00:07:15,840 Speaker 1: for decades. Beat l A, beat l A, and I'm 141 00:07:15,840 --> 00:07:17,679 Speaker 1: gonna change it now. I'm gonna cut a little slack 142 00:07:17,680 --> 00:07:21,640 Speaker 1: and say yeah, l a, yeah, yeah, a very good yes. 143 00:07:21,680 --> 00:07:25,400 Speaker 1: As you said, this is the Small Business Administration loans um. 144 00:07:25,920 --> 00:07:29,200 Speaker 1: This fund ran out almost immediately. Uh. And you know, 145 00:07:29,280 --> 00:07:31,880 Speaker 1: hard to argue in my opinion that the Los Angeles Lakers, 146 00:07:31,960 --> 00:07:35,480 Speaker 1: which are a you know, four billion dollar entity if 147 00:07:35,520 --> 00:07:38,600 Speaker 1: you believe valuations, obviously their owners have access to a 148 00:07:38,640 --> 00:07:41,760 Speaker 1: lot of cash, liquidity loans. Uh. This is not the 149 00:07:41,800 --> 00:07:45,760 Speaker 1: purpose of this of this money. So yes, kudos for 150 00:07:45,800 --> 00:07:48,760 Speaker 1: them for for for for giving it back. I also 151 00:07:48,800 --> 00:07:51,600 Speaker 1: agree that there's probably a problem with the system when 152 00:07:51,880 --> 00:07:55,680 Speaker 1: the Lakers are qualified for this money. Uh, when when 153 00:07:55,720 --> 00:07:57,720 Speaker 1: a lot of other smaller businesses, ones who are much 154 00:07:57,720 --> 00:08:00,960 Speaker 1: more in need, are not getting it. Mike and Evan, 155 00:08:01,040 --> 00:08:03,720 Speaker 1: I agree with you ten cent at least give a 156 00:08:03,800 --> 00:08:07,080 Speaker 1: salute to the Lakers for saying, hey, this we need 157 00:08:07,120 --> 00:08:09,800 Speaker 1: to rethink this here, take the money back and give 158 00:08:09,840 --> 00:08:14,200 Speaker 1: it to a chance for a small business who really 159 00:08:14,440 --> 00:08:16,800 Speaker 1: needs the money to try to stay afloat. So kudos 160 00:08:16,800 --> 00:08:19,800 Speaker 1: to them. I do think that there are some businesses 161 00:08:19,840 --> 00:08:23,120 Speaker 1: in the sports world that probably actually need this this money. 162 00:08:23,120 --> 00:08:25,440 Speaker 1: I know there are a number of you know, smaller 163 00:08:25,560 --> 00:08:29,480 Speaker 1: sport Olympic sport organizations. You know, we're going to talk 164 00:08:29,480 --> 00:08:31,520 Speaker 1: with Angela Rougero in a second about you know, the 165 00:08:31,560 --> 00:08:34,600 Speaker 1: Olympic movement as well. You know, there are actually you know, 166 00:08:34,679 --> 00:08:37,120 Speaker 1: foundations in there that that are giving money to athletes, 167 00:08:37,160 --> 00:08:39,640 Speaker 1: helping them train, etcetera. You know, there are organizations in 168 00:08:39,640 --> 00:08:41,600 Speaker 1: the sports world that that that have applied for I 169 00:08:41,679 --> 00:08:43,880 Speaker 1: know and and and probably need this money to to 170 00:08:43,960 --> 00:08:46,760 Speaker 1: kind of stay afloat uh and the Lakers, as we've said, 171 00:08:46,920 --> 00:08:50,000 Speaker 1: just not one of them. Today we're speaking with Angela Rogero, 172 00:08:50,320 --> 00:08:55,280 Speaker 1: gold medalists, four time US ice Hockey Olympian, and current 173 00:08:55,520 --> 00:08:59,520 Speaker 1: CEO and co founder of the Sports Innovation Lab. Angela, 174 00:08:59,600 --> 00:09:02,640 Speaker 1: thank you so much for joining us on the Bloomberg 175 00:09:02,640 --> 00:09:05,880 Speaker 1: Business of Sports Show. Welcome back, Thank you for having me. 176 00:09:05,880 --> 00:09:09,480 Speaker 1: Always a pleasure. Angel I'm very excited to have this conversation. 177 00:09:09,679 --> 00:09:13,760 Speaker 1: You are possibly the foremost expert in innovation, new technology 178 00:09:13,840 --> 00:09:16,840 Speaker 1: and fan innovation in sports. And you know, we're at 179 00:09:16,840 --> 00:09:20,520 Speaker 1: a point right now where everyone, every team, every league 180 00:09:20,559 --> 00:09:23,200 Speaker 1: is now finding themselves having to lean on that they 181 00:09:23,200 --> 00:09:26,000 Speaker 1: don't have games the way that they typically drawing their 182 00:09:26,000 --> 00:09:28,840 Speaker 1: fans and keep them engaged. I'm curious as you look 183 00:09:28,840 --> 00:09:32,280 Speaker 1: out over the past six weeks, what are the things 184 00:09:32,280 --> 00:09:34,120 Speaker 1: that stick out to you. What do you see teams doing, 185 00:09:34,200 --> 00:09:37,040 Speaker 1: leagues doing that. You think, oh, that that's good, that's smart. 186 00:09:37,200 --> 00:09:42,040 Speaker 1: We need to see more of that. Yeah, it's UM. 187 00:09:42,080 --> 00:09:46,600 Speaker 1: It's been you know, trying for the industry. UM. Obviously 188 00:09:46,600 --> 00:09:48,959 Speaker 1: over the past few years and UM or a few 189 00:09:49,040 --> 00:09:51,680 Speaker 1: few a few months. That is UM. And we've been 190 00:09:51,720 --> 00:09:54,600 Speaker 1: advocating for years. Obviously all our campytas is focus on 191 00:09:54,640 --> 00:09:57,440 Speaker 1: innovation and saying we got to invest in the future. 192 00:09:57,520 --> 00:10:00,880 Speaker 1: You gotta you know, sow your seeds now to really 193 00:10:00,880 --> 00:10:04,920 Speaker 1: help these these fans. UM. And the COVID crisis UH, 194 00:10:05,000 --> 00:10:09,040 Speaker 1: you know, the pandemic here has really accelerated the investments 195 00:10:09,080 --> 00:10:12,400 Speaker 1: that we've been advocating for for years. UM. You think 196 00:10:12,400 --> 00:10:18,360 Speaker 1: about uh, infrastructure within venues. UH. Previously, okay, the white surprise, 197 00:10:18,400 --> 00:10:21,840 Speaker 1: the fans give the ability to text their friends and 198 00:10:22,240 --> 00:10:25,559 Speaker 1: send social videos and UM. And then you know we said, 199 00:10:25,840 --> 00:10:28,760 Speaker 1: well sports betting will make that quicker. UM. And now 200 00:10:28,800 --> 00:10:32,320 Speaker 1: it's you have to have some of these um uh 201 00:10:32,440 --> 00:10:35,200 Speaker 1: you know investments to keep your fans safe. UM. So 202 00:10:35,320 --> 00:10:39,240 Speaker 1: it's it's almost a complete dynamic shift in the business 203 00:10:39,240 --> 00:10:42,560 Speaker 1: of sports. UM, and uh, you're not seeing the You're 204 00:10:42,600 --> 00:10:45,400 Speaker 1: not seeing that today because obviously fans are in the stands. 205 00:10:45,400 --> 00:10:47,880 Speaker 1: We'll see that in a few months when fans start 206 00:10:47,920 --> 00:10:50,440 Speaker 1: to to go back. But we are seeing today with 207 00:10:50,480 --> 00:10:53,280 Speaker 1: a lot of the teams, is um. Uh, if they've 208 00:10:53,280 --> 00:10:56,640 Speaker 1: previously invested in digital activations or ways to keep fans 209 00:10:56,760 --> 00:10:59,760 Speaker 1: entertained at home, we call that immersive media. UM. Some 210 00:10:59,840 --> 00:11:03,439 Speaker 1: of ways that they're they're utilizing their e sports platforms 211 00:11:03,480 --> 00:11:06,560 Speaker 1: perhaps or digital and social I mean, all of those 212 00:11:06,600 --> 00:11:10,080 Speaker 1: platforms are are really on full throttle because all of 213 00:11:10,160 --> 00:11:12,880 Speaker 1: us I'm sure calling from right now, are on our 214 00:11:12,920 --> 00:11:16,559 Speaker 1: devices and trying to stay engaged through those different platforms. 215 00:11:17,200 --> 00:11:20,160 Speaker 1: If we gave you free reign of of a franchise, 216 00:11:20,240 --> 00:11:21,960 Speaker 1: let's just say, because you're up in Boston, we told 217 00:11:22,000 --> 00:11:24,320 Speaker 1: you you're now in charge of the Boston Bruins. What 218 00:11:24,400 --> 00:11:26,680 Speaker 1: are the first you know, two or three things that 219 00:11:26,800 --> 00:11:30,480 Speaker 1: you're doing to kind of get maybe reset the fan 220 00:11:30,559 --> 00:11:35,280 Speaker 1: engagement in the technology piece, yeah, I would uh, you know, 221 00:11:35,840 --> 00:11:39,400 Speaker 1: on the one hand, make sure you have um everything 222 00:11:39,480 --> 00:11:43,320 Speaker 1: set up today against to entertain your fans at home. UM. 223 00:11:43,360 --> 00:11:46,440 Speaker 1: We've talked a lot of that how athletes are, um, 224 00:11:46,480 --> 00:11:49,480 Speaker 1: you know, influencers and giving them the tools to entertain 225 00:11:49,520 --> 00:11:52,600 Speaker 1: their fans. That you know, it's shoulder content. It's things 226 00:11:52,600 --> 00:11:55,319 Speaker 1: that aren't necessarily have anything to do with the game. 227 00:11:55,360 --> 00:11:58,640 Speaker 1: And you see a lot of companies repurposing prior games 228 00:11:58,760 --> 00:12:01,679 Speaker 1: or getting their their athlete you know, workouts from home up. 229 00:12:01,880 --> 00:12:04,960 Speaker 1: So any content you currently have the assets, including your 230 00:12:05,000 --> 00:12:07,520 Speaker 1: athletes that, um, you can give them the tools and 231 00:12:07,640 --> 00:12:11,679 Speaker 1: enable them to like continue to create content, new content. UM. 232 00:12:11,800 --> 00:12:14,800 Speaker 1: Talk over content. UM, you know that that's what we 233 00:12:14,840 --> 00:12:18,120 Speaker 1: need today. UM. And then on the back end, I 234 00:12:18,160 --> 00:12:20,840 Speaker 1: would say, um, I would take TV Garden and I 235 00:12:20,840 --> 00:12:24,160 Speaker 1: would you know, again, everyone, this is a time where 236 00:12:24,160 --> 00:12:27,080 Speaker 1: you invest when everyone's pulling back and flashing cuts. If 237 00:12:27,120 --> 00:12:29,800 Speaker 1: you have if you have that kind of capital to 238 00:12:29,920 --> 00:12:33,400 Speaker 1: work with, you're gonna have to invest in infrastructure to 239 00:12:33,520 --> 00:12:36,120 Speaker 1: know that. You know, we're telling our fans were already 240 00:12:36,160 --> 00:12:38,200 Speaker 1: to bring you back in. It's safe. We're ready to 241 00:12:38,920 --> 00:12:41,440 Speaker 1: you to come into the you know, into TV Garden. 242 00:12:41,679 --> 00:12:44,880 Speaker 1: Here the different overlays that we've you know, created that 243 00:12:45,040 --> 00:12:48,920 Speaker 1: will actually make you feel special, make you feel safe, secure, 244 00:12:49,360 --> 00:12:52,000 Speaker 1: not just you know, give you that Instagram double moment 245 00:12:52,160 --> 00:12:54,640 Speaker 1: you know the things that prior, you know, we're almost 246 00:12:54,720 --> 00:12:57,760 Speaker 1: nice to have. Now it's the must pads in the venue. 247 00:12:57,840 --> 00:13:01,040 Speaker 1: So what can we do to entertain fans at home today? 248 00:13:01,120 --> 00:13:03,600 Speaker 1: And what are the kinds of investments we can we 249 00:13:03,640 --> 00:13:06,360 Speaker 1: need to make today, um in the venue so that 250 00:13:06,480 --> 00:13:08,960 Speaker 1: fans will will trust us and come back when we're 251 00:13:08,960 --> 00:13:11,080 Speaker 1: ready go back to t D Garden which have been 252 00:13:11,160 --> 00:13:13,640 Speaker 1: just brought up. Let's just say they they it's one 253 00:13:13,679 --> 00:13:16,520 Speaker 1: of the regional sites that they use to pick up 254 00:13:16,520 --> 00:13:18,720 Speaker 1: the National Hockey League. Are they going to have to 255 00:13:18,800 --> 00:13:22,480 Speaker 1: just make the bench along the whole length of the 256 00:13:22,520 --> 00:13:25,880 Speaker 1: ice so players sit six ft apart and take out 257 00:13:25,920 --> 00:13:28,880 Speaker 1: some of the seats and take out some of the glass. Yeah, 258 00:13:28,920 --> 00:13:32,520 Speaker 1: I think there's there's you know, Mike Head, there's three scenarios. Um. 259 00:13:32,640 --> 00:13:35,160 Speaker 1: The first is no fans. We get to a point 260 00:13:35,200 --> 00:13:38,880 Speaker 1: where fans don't feel like they can even enter the venue. 261 00:13:38,920 --> 00:13:41,679 Speaker 1: They they're touching too many services, they're interacting with too 262 00:13:41,679 --> 00:13:45,000 Speaker 1: many people. And yet the Bruins say we're gonna go 263 00:13:45,040 --> 00:13:49,400 Speaker 1: ahead regardless. What are the different relays we can create, uh, 264 00:13:49,520 --> 00:13:51,920 Speaker 1: fan engagement tools that if you're going to stay at home, 265 00:13:52,160 --> 00:13:53,679 Speaker 1: you're still going to tune in. We're still going to 266 00:13:53,760 --> 00:13:57,000 Speaker 1: get that broadcast, sponsorship, revenue, et cetera. So what are 267 00:13:57,040 --> 00:13:59,439 Speaker 1: the ways you can enhance your experience at home your 268 00:13:59,480 --> 00:14:04,440 Speaker 1: point the physical distancing? Um, Yeah, there that's Tony Scenario 269 00:14:04,520 --> 00:14:08,920 Speaker 1: B where we figure out ways UM to invest in uh, 270 00:14:08,960 --> 00:14:11,880 Speaker 1: you know, security so that you don't have to stand 271 00:14:11,920 --> 00:14:16,640 Speaker 1: close to others or touchless or cash less UM solutions. Um, 272 00:14:16,679 --> 00:14:18,760 Speaker 1: what are the ways that you could have a mobile 273 00:14:18,760 --> 00:14:20,760 Speaker 1: alert on your phone to keep you know, a safe 274 00:14:20,760 --> 00:14:24,440 Speaker 1: distance from crowded areas and the venue. So UM, digital signage, 275 00:14:24,480 --> 00:14:27,320 Speaker 1: mobile me messaging, things that will really make you feel 276 00:14:27,320 --> 00:14:31,200 Speaker 1: safe if that requires. Obviously you have that uh connectivity 277 00:14:31,240 --> 00:14:34,400 Speaker 1: and infrastructure set up in TV Garden today so that 278 00:14:34,480 --> 00:14:37,400 Speaker 1: you can tell those fans like, don't go to this area. 279 00:14:37,520 --> 00:14:40,960 Speaker 1: The bathroom lines are full. You know your your equidistance, 280 00:14:41,160 --> 00:14:44,800 Speaker 1: you know, six ft apart. Um. That's Plan B and 281 00:14:44,800 --> 00:14:47,520 Speaker 1: the Plan C I would say is we're ready. Everyone 282 00:14:47,680 --> 00:14:50,240 Speaker 1: is you know, full tilt, we're in the building. Um, 283 00:14:50,760 --> 00:14:53,320 Speaker 1: maybe we have a vaccine at that point. But those 284 00:14:53,480 --> 00:14:57,160 Speaker 1: now you've got that digital that that physical infrastructure H 285 00:14:57,320 --> 00:14:59,600 Speaker 1: laid out, you can do so many more things and 286 00:14:59,680 --> 00:15:02,120 Speaker 1: fan are going to be setting and all the things 287 00:15:02,120 --> 00:15:04,760 Speaker 1: we've talked about at Sports Innovation Lab for years. There's 288 00:15:04,840 --> 00:15:08,240 Speaker 1: really gonna be a ton of UM engagement, which I 289 00:15:08,280 --> 00:15:11,240 Speaker 1: think again I'm an oftenmust This is a hard time. 290 00:15:11,320 --> 00:15:14,120 Speaker 1: This is when you really, uh, you figure out what 291 00:15:14,160 --> 00:15:16,880 Speaker 1: you need to do to survive UM but also flourish 292 00:15:16,880 --> 00:15:18,440 Speaker 1: in the future. And and so I think there's a 293 00:15:18,440 --> 00:15:21,680 Speaker 1: great opportunity for our industry. Angela, I want to pick 294 00:15:21,760 --> 00:15:24,720 Speaker 1: up where you know, talking about this, this idea of privacy, 295 00:15:25,000 --> 00:15:28,600 Speaker 1: because you're right, so many sports teams arenas that they've 296 00:15:28,640 --> 00:15:31,400 Speaker 1: always said they want to know who's in the building. 297 00:15:31,400 --> 00:15:33,640 Speaker 1: It's driving the way they think about, you know, ticketing 298 00:15:33,640 --> 00:15:36,080 Speaker 1: in the future. UM. And I don't think it's a 299 00:15:36,120 --> 00:15:37,840 Speaker 1: coincidence that in some way, you know, a lot of 300 00:15:37,840 --> 00:15:40,400 Speaker 1: the country's maybe in Asia that are back to having 301 00:15:40,440 --> 00:15:42,800 Speaker 1: sports right now, our countries where there is probably a 302 00:15:42,800 --> 00:15:45,760 Speaker 1: lot more maybe a little less privacy and a lot 303 00:15:45,840 --> 00:15:48,840 Speaker 1: more that that that that governments or even you know, 304 00:15:48,960 --> 00:15:51,600 Speaker 1: venues are able to do to kind of keep track 305 00:15:51,680 --> 00:15:54,480 Speaker 1: of who's there and not. How do you if you're 306 00:15:55,000 --> 00:15:57,000 Speaker 1: a team, if you're a league, how do you maybe 307 00:15:57,040 --> 00:16:00,160 Speaker 1: convinced because you know, certainly Americans are are wary of that. 308 00:16:00,440 --> 00:16:03,200 Speaker 1: How do you convince people that you know, maybe giving 309 00:16:03,280 --> 00:16:05,440 Speaker 1: up a little bit of their privacy might actually be 310 00:16:05,600 --> 00:16:08,440 Speaker 1: you know, healthy and for their own good. Yeah, it's 311 00:16:08,440 --> 00:16:11,600 Speaker 1: going to be a great I think philosophical debate, um 312 00:16:11,640 --> 00:16:17,040 Speaker 1: again exacerbated because of COVID. And you know, the the 313 00:16:17,120 --> 00:16:21,080 Speaker 1: idea that you would willingly give up your information before 314 00:16:21,280 --> 00:16:23,760 Speaker 1: was well what do I get in return? Right? What 315 00:16:23,840 --> 00:16:29,000 Speaker 1: are those um, those those uh you know, individualized products 316 00:16:29,040 --> 00:16:30,840 Speaker 1: and you know, how are you going to take care 317 00:16:30,840 --> 00:16:33,400 Speaker 1: of me? And now I think this is a public 318 00:16:33,560 --> 00:16:36,000 Speaker 1: this is in the public discourse. Do we want to 319 00:16:36,040 --> 00:16:39,120 Speaker 1: know where people are? More generally? Again, everyone's trying to 320 00:16:39,280 --> 00:16:44,480 Speaker 1: track um, you know, trace contacts and and and figure 321 00:16:44,480 --> 00:16:48,520 Speaker 1: out you know where where this uh viruses and and 322 00:16:48,640 --> 00:16:50,160 Speaker 1: I don't think it's going to be any different when 323 00:16:50,200 --> 00:16:53,120 Speaker 1: you move into a private building. I think again, I 324 00:16:53,160 --> 00:16:56,760 Speaker 1: don't want to go into a twenty person arena unless 325 00:16:56,760 --> 00:16:59,080 Speaker 1: I know, you know, if I haven't had it before, 326 00:16:59,120 --> 00:17:02,120 Speaker 1: no one's there, there's no vaccine pretend at the moment. 327 00:17:02,160 --> 00:17:04,919 Speaker 1: And um so I think this this whole discourse of 328 00:17:04,960 --> 00:17:08,960 Speaker 1: privacy and willingly giving up your information again something that 329 00:17:09,000 --> 00:17:11,600 Speaker 1: we at sports Innovation lab have heard for years, all 330 00:17:11,600 --> 00:17:14,280 Speaker 1: the venues, all the teams saying, just tell me who's 331 00:17:14,320 --> 00:17:16,720 Speaker 1: in my building, we will be able to personalize their experience. 332 00:17:16,960 --> 00:17:19,720 Speaker 1: Are now saying I need to know in my building 333 00:17:20,040 --> 00:17:22,800 Speaker 1: who's in my building so that I can you know, 334 00:17:23,359 --> 00:17:27,680 Speaker 1: understand the physical and cyber security solutions and activate those 335 00:17:27,760 --> 00:17:30,720 Speaker 1: and again allow my fans and my athletes and my 336 00:17:31,359 --> 00:17:34,040 Speaker 1: staff to feel that, you know, we're on top of 337 00:17:34,119 --> 00:17:37,399 Speaker 1: this and we can actually, um, you know, safety first 338 00:17:37,440 --> 00:17:40,000 Speaker 1: more than fan engagement, more than anything else, that people 339 00:17:40,000 --> 00:17:42,160 Speaker 1: feel safe and secure. And that's the number one issue 340 00:17:42,240 --> 00:17:45,720 Speaker 1: right now, is that safety aspect. They've been flowering you 341 00:17:45,840 --> 00:17:48,720 Speaker 1: with the four time Olympians, but were also a member 342 00:17:48,720 --> 00:17:52,640 Speaker 1: of the Harvard n C Double A National Championship hockey teams. 343 00:17:52,640 --> 00:17:54,159 Speaker 1: So I just wanted to get that out there, so 344 00:17:54,240 --> 00:17:59,320 Speaker 1: that's not forgotten. UM. A lot of sports are talking 345 00:17:59,320 --> 00:18:03,120 Speaker 1: about getting up and going starting right away, not right away, 346 00:18:03,119 --> 00:18:04,840 Speaker 1: but very soon. One of them is golf. They're going 347 00:18:04,880 --> 00:18:07,560 Speaker 1: to have an exhibition with Tom Brady and Peyton Manning 348 00:18:07,560 --> 00:18:09,679 Speaker 1: and Phil Mickelson and Tiger Woods. But they're also going 349 00:18:09,720 --> 00:18:12,920 Speaker 1: to resume the two the tour in mid June. Major 350 00:18:12,960 --> 00:18:16,240 Speaker 1: League Baseball's toying with the idea of playing in Florida 351 00:18:16,320 --> 00:18:19,399 Speaker 1: or Arizona. The NFL says they are going forward with 352 00:18:19,440 --> 00:18:22,560 Speaker 1: their schedule as planned as of now. Question marks still 353 00:18:22,560 --> 00:18:25,200 Speaker 1: for the NBA in the NHL, Which of those five 354 00:18:25,280 --> 00:18:29,480 Speaker 1: sports has the best chance of actually putting a product 355 00:18:29,520 --> 00:18:33,280 Speaker 1: on the field or on the course and succeeding. I 356 00:18:33,280 --> 00:18:36,040 Speaker 1: think that's easy. I think it's golf. Um, you can, 357 00:18:36,240 --> 00:18:39,240 Speaker 1: you know, so to speak, distance your athletes. You don't 358 00:18:39,280 --> 00:18:42,000 Speaker 1: have that same um. I sit on the board of 359 00:18:42,040 --> 00:18:45,560 Speaker 1: World Rugby and those guys, those women are touching, they're 360 00:18:45,640 --> 00:18:49,080 Speaker 1: they're running into each other, the whole host of other 361 00:18:49,359 --> 00:18:52,400 Speaker 1: concerns in terms of protecting the athletes. So you start 362 00:18:52,400 --> 00:18:55,600 Speaker 1: with the athletes again, if it's just Peyton and Tom 363 00:18:55,680 --> 00:18:58,320 Speaker 1: and there, you know, they know they're both clean and 364 00:18:58,359 --> 00:19:01,800 Speaker 1: they don't have you know, boom, You've got, uh. Your 365 00:19:01,840 --> 00:19:05,720 Speaker 1: athletes are protected, your fans. You talked earlier about Miami, 366 00:19:06,119 --> 00:19:08,520 Speaker 1: you know, spacing six ft apart, you can do that 367 00:19:08,840 --> 00:19:11,320 Speaker 1: more easily. I think on a on a you know, 368 00:19:11,400 --> 00:19:15,320 Speaker 1: spectators within within golf, and they've already done a ton 369 00:19:15,680 --> 00:19:21,280 Speaker 1: of investments, um, bringing you coverage of the game at 370 00:19:21,320 --> 00:19:26,320 Speaker 1: home you can go online now and obviously watch every shot. 371 00:19:26,680 --> 00:19:30,159 Speaker 1: In a lot of cases they've been experimenting with bringing 372 00:19:30,200 --> 00:19:33,280 Speaker 1: you that that digital experience. So I think golf is 373 00:19:33,320 --> 00:19:36,400 Speaker 1: in a really good position any sport that naturally has 374 00:19:36,600 --> 00:19:41,080 Speaker 1: less athletes um and doesn't have the physical limitations of 375 00:19:41,080 --> 00:19:43,639 Speaker 1: a venue. I mean again that venue when air is 376 00:19:43,680 --> 00:19:46,960 Speaker 1: circulating and you're pushing against people to get in the door. 377 00:19:47,320 --> 00:19:51,600 Speaker 1: You know, how do we make it more frictionless? Uh? Touchless? 378 00:19:51,680 --> 00:19:53,920 Speaker 1: You're not touching, you know, your your credit card, even 379 00:19:53,960 --> 00:19:56,399 Speaker 1: you're using your phone. Everything is connected to mobile at 380 00:19:56,440 --> 00:19:58,320 Speaker 1: the end of the day. And so who has made 381 00:19:58,320 --> 00:20:01,800 Speaker 1: those mobile investments to which sport don't have that limitation? 382 00:20:01,880 --> 00:20:06,159 Speaker 1: So I think in Britain they're going to bring boxers 383 00:20:06,240 --> 00:20:09,959 Speaker 1: into a TV studio with just the boxers and the 384 00:20:10,000 --> 00:20:14,719 Speaker 1: promoters and of course the cameraman and and stage fights, 385 00:20:14,760 --> 00:20:17,239 Speaker 1: as long as the government signs off on that. So 386 00:20:17,640 --> 00:20:20,000 Speaker 1: I just wanted to get your thoughts on that. Yeah, 387 00:20:20,040 --> 00:20:22,080 Speaker 1: we're already seeing. I mean, look at what w W 388 00:20:22,359 --> 00:20:24,600 Speaker 1: did right away to get Hey, we're just going to 389 00:20:24,680 --> 00:20:27,399 Speaker 1: have our athletes in and they definitely don't have the 390 00:20:27,480 --> 00:20:30,239 Speaker 1: crazy fans in the background, and the same atmosphere, but 391 00:20:30,400 --> 00:20:33,439 Speaker 1: people are watching, they're able to fulfill their contracts on 392 00:20:33,480 --> 00:20:35,960 Speaker 1: the on the broadcast side. UM, we worked with a 393 00:20:36,000 --> 00:20:38,480 Speaker 1: group called Karate Combat and they've made some investments. A 394 00:20:38,480 --> 00:20:43,240 Speaker 1: lot of these smaller sports against karate boxing WW where 395 00:20:43,240 --> 00:20:45,880 Speaker 1: you can limit the amount of athletes, think one on 396 00:20:45,880 --> 00:20:48,840 Speaker 1: one or two on two versus team sports, I think 397 00:20:48,880 --> 00:20:52,159 Speaker 1: have a huge advantage. So when you talk about the 398 00:20:52,240 --> 00:20:56,800 Speaker 1: NBA or the NHL or baseball even um the baseball 399 00:20:56,880 --> 00:21:00,280 Speaker 1: might have again an advantaged area open seeing or knows 400 00:21:00,359 --> 00:21:04,080 Speaker 1: you have, UM, you have less athletes in contact, but 401 00:21:04,240 --> 00:21:08,760 Speaker 1: certainly the studio right, UFC tons of investments in this 402 00:21:08,960 --> 00:21:12,879 Speaker 1: right now, they're UM talking to Laurence Epstein, who we 403 00:21:12,920 --> 00:21:16,239 Speaker 1: work with closely. I mean he's really thinking about how 404 00:21:16,240 --> 00:21:19,239 Speaker 1: do we innovate and make sure UFC again, maybe it's 405 00:21:19,280 --> 00:21:21,840 Speaker 1: two boxers, but you can do a lot of really 406 00:21:21,880 --> 00:21:25,240 Speaker 1: interesting overlays in the background. And every sport is thinking 407 00:21:25,240 --> 00:21:29,040 Speaker 1: about that again worst case scenario that fans can't come 408 00:21:29,040 --> 00:21:31,520 Speaker 1: back and then foreseeable future, how are we going to 409 00:21:31,600 --> 00:21:34,639 Speaker 1: make that experience actually entertaining at home without fans in 410 00:21:34,680 --> 00:21:37,600 Speaker 1: the background, which as an athlete I know, I I love, 411 00:21:37,680 --> 00:21:40,280 Speaker 1: I I thrive off of that. But if the trade 412 00:21:40,280 --> 00:21:43,280 Speaker 1: off is I can't play my sport UM, and I'm 413 00:21:43,320 --> 00:21:44,800 Speaker 1: going to play in an empty arena, how do you 414 00:21:44,840 --> 00:21:47,360 Speaker 1: make that come to length? UM? So we're we're coming 415 00:21:47,440 --> 00:21:51,240 Speaker 1: up with UH, We're doing hackathons, We're trying to crowdsource ideas. 416 00:21:51,240 --> 00:21:54,520 Speaker 1: Obviously as a market research company, we're looking at everything 417 00:21:54,560 --> 00:21:58,120 Speaker 1: and every organization is to to figure out, UM, if 418 00:21:58,160 --> 00:22:00,320 Speaker 1: you actually have to watch from home, like it is 419 00:22:00,359 --> 00:22:04,000 Speaker 1: the best experience. UM. Given the state of affairs, Angela, 420 00:22:04,000 --> 00:22:06,359 Speaker 1: I want to make sure we asked you about the Olympics. 421 00:22:06,359 --> 00:22:09,160 Speaker 1: Not only were you a four time Olympian yourself, you 422 00:22:09,280 --> 00:22:11,920 Speaker 1: did some work. You were on the IOC, your IOC 423 00:22:12,119 --> 00:22:14,560 Speaker 1: member for a while. UH might take away from what 424 00:22:14,680 --> 00:22:17,080 Speaker 1: happened over the past month in terms of the Olympic 425 00:22:17,119 --> 00:22:20,520 Speaker 1: postponement is that it was it was a decision that 426 00:22:20,600 --> 00:22:23,560 Speaker 1: was forced by athletes themselves, whether it's you know, US 427 00:22:23,600 --> 00:22:26,919 Speaker 1: swimmers or US track athletes up in Canada, Hailey wicken Haaser, 428 00:22:27,200 --> 00:22:29,199 Speaker 1: someone I know that you had a lot of onice 429 00:22:29,200 --> 00:22:31,720 Speaker 1: battles with, and I know you know personally as well. 430 00:22:31,920 --> 00:22:34,600 Speaker 1: It certainly felt as though, you know, the push to 431 00:22:34,600 --> 00:22:37,280 Speaker 1: get the Olympics postponed in the in the speed at 432 00:22:37,280 --> 00:22:40,320 Speaker 1: which it did was driven by the athletes themselves. Am 433 00:22:40,359 --> 00:22:42,040 Speaker 1: I thinking about the that the right way is? That? 434 00:22:42,080 --> 00:22:44,080 Speaker 1: Is that kind of one of your takeaways from from 435 00:22:44,080 --> 00:22:46,680 Speaker 1: how quickly the IOC got from this is going to 436 00:22:46,760 --> 00:22:51,959 Speaker 1: happen as scheduled to Okay, we're gonna push it a year. Yeah, 437 00:22:52,000 --> 00:22:54,959 Speaker 1: I think public pressure and then you have the athletes 438 00:22:55,080 --> 00:22:59,560 Speaker 1: vocalizing their own um trepidation of of attending and competing 439 00:22:59,640 --> 00:23:02,920 Speaker 1: and not knowing and then looking around at the landscape 440 00:23:02,960 --> 00:23:06,560 Speaker 1: and saying, look, all these other leagues and sports are canceling, um, 441 00:23:06,760 --> 00:23:09,439 Speaker 1: why are we treading water and not making you know, 442 00:23:09,560 --> 00:23:13,480 Speaker 1: decisive decision? You know, you look at what that's costing. 443 00:23:13,560 --> 00:23:17,000 Speaker 1: You look on the IOC and Tokyo side thinking the 444 00:23:17,160 --> 00:23:21,359 Speaker 1: estimate is over three billion out So there's obviously financial implications. 445 00:23:21,400 --> 00:23:23,440 Speaker 1: I'm sure they were, you know, trying to weigh at 446 00:23:23,440 --> 00:23:26,360 Speaker 1: the time. But when safety was a concern and when 447 00:23:26,359 --> 00:23:28,879 Speaker 1: the athletes um spoke up, which I love, I was 448 00:23:28,960 --> 00:23:31,320 Speaker 1: the chair of the Athletes Commission at the i of C, 449 00:23:31,480 --> 00:23:34,359 Speaker 1: I sat on the executive board, And the second you 450 00:23:34,400 --> 00:23:38,160 Speaker 1: have that ground swelling of um of um, you know 451 00:23:38,400 --> 00:23:42,840 Speaker 1: of athletes saying we need to ensure our own safety, 452 00:23:42,920 --> 00:23:47,000 Speaker 1: let alone the sponsors and the fans and everyone else attending, 453 00:23:47,000 --> 00:23:50,200 Speaker 1: and and and the biggest difference here, I think I'll 454 00:23:50,240 --> 00:23:52,600 Speaker 1: just mention is we talked about the NBA and go 455 00:23:52,800 --> 00:23:55,640 Speaker 1: up another um, you know, domestic league. When you're talking 456 00:23:55,640 --> 00:23:58,040 Speaker 1: about an international event, we have people coming from all 457 00:23:58,040 --> 00:24:00,640 Speaker 1: over the world, and as you know, COVID is at 458 00:24:00,640 --> 00:24:03,560 Speaker 1: different levels and and all over the world. You add 459 00:24:03,600 --> 00:24:08,240 Speaker 1: this additional elements of uncertainty and and so you're right, 460 00:24:08,280 --> 00:24:10,920 Speaker 1: the athletes spoke up, which I'm glad to see. Um. 461 00:24:10,960 --> 00:24:16,080 Speaker 1: Probably exacerbated the decision making and it made it quicker UM. 462 00:24:16,160 --> 00:24:18,080 Speaker 1: And and I think at the end they came up 463 00:24:18,320 --> 00:24:20,760 Speaker 1: with the right decision to postpone U til next summer. 464 00:24:21,160 --> 00:24:23,639 Speaker 1: And given all that you know about, you know, the 465 00:24:23,680 --> 00:24:26,240 Speaker 1: way athletes trained for the Olympics, as you said, you 466 00:24:26,280 --> 00:24:28,439 Speaker 1: know they're they're coming from totally different parts of the 467 00:24:28,440 --> 00:24:31,320 Speaker 1: world where the virus is having different effects, What do 468 00:24:31,400 --> 00:24:33,840 Speaker 1: you think about the viability of two thousand and twenty 469 00:24:33,920 --> 00:24:36,320 Speaker 1: one next summer. I mean, we're already kind of hearing 470 00:24:36,359 --> 00:24:39,359 Speaker 1: rumblings from from people maybe voicing some concerns that that 471 00:24:39,440 --> 00:24:41,760 Speaker 1: maybe even that isn't soon enough for an event of 472 00:24:41,800 --> 00:24:46,880 Speaker 1: this magnitude. Yeah, I'm I'm nervous, to be honest, I think, um, 473 00:24:46,920 --> 00:24:49,359 Speaker 1: you know again the optimist and the feels that it 474 00:24:49,440 --> 00:24:53,160 Speaker 1: will go on. Um, hopefully there's a vaccine by then, 475 00:24:53,600 --> 00:24:57,000 Speaker 1: where all of these return play protocols are in place 476 00:24:57,040 --> 00:24:59,560 Speaker 1: for the athletes, that they'll say, the fans all this 477 00:25:00,440 --> 00:25:03,879 Speaker 1: infrastructure we just talked about there in the venues and 478 00:25:03,880 --> 00:25:06,520 Speaker 1: and you know, we've studied this for a year plus, 479 00:25:06,680 --> 00:25:08,720 Speaker 1: you know, a year and a half by that point, 480 00:25:09,280 --> 00:25:13,240 Speaker 1: and we'll have again these protocols, especially if leagues are 481 00:25:13,240 --> 00:25:16,800 Speaker 1: already you know, returning to action this summer in the fall. Um, 482 00:25:16,840 --> 00:25:20,160 Speaker 1: so we'll be some precedent to to learn from. But again, 483 00:25:20,160 --> 00:25:23,320 Speaker 1: a global event of that magnitude in size, UM, I 484 00:25:23,359 --> 00:25:26,879 Speaker 1: think we should all be cautious. Um. But UM again 485 00:25:26,920 --> 00:25:29,360 Speaker 1: I'm optimistic to think that they'll be able to pull 486 00:25:29,400 --> 00:25:32,040 Speaker 1: it off. And you know, if if Tokyo has already 487 00:25:32,080 --> 00:25:34,840 Speaker 1: said it doesn't happen next summer, they pulled the plug, 488 00:25:34,880 --> 00:25:36,680 Speaker 1: it will have to cancel. It'll be the first time 489 00:25:36,680 --> 00:25:41,200 Speaker 1: since um, World War Two. So we're you know, I'm 490 00:25:41,280 --> 00:25:44,320 Speaker 1: I'm unhopeful. Um, but you know again, everyone has to 491 00:25:44,359 --> 00:25:46,480 Speaker 1: feel safe and and and secure at the end of 492 00:25:46,480 --> 00:25:50,640 Speaker 1: the day. And what about the athletes themselves. You were lucky, 493 00:25:50,680 --> 00:25:52,919 Speaker 1: You've got to play in four different Olympics. But for 494 00:25:53,040 --> 00:25:56,679 Speaker 1: some particularly gymnasts, uh, their window for to compete in 495 00:25:56,680 --> 00:26:00,520 Speaker 1: the Olympics is much shorter, uh than than than for instance, 496 00:26:00,520 --> 00:26:03,439 Speaker 1: like a hockey player would be they they mature, they 497 00:26:03,520 --> 00:26:05,600 Speaker 1: gained some weight and then then then not be able 498 00:26:05,640 --> 00:26:07,520 Speaker 1: to do some of the things. So is it going 499 00:26:07,560 --> 00:26:11,600 Speaker 1: to cost some of the athletes that the peak of 500 00:26:11,640 --> 00:26:14,159 Speaker 1: their athletic lives they will not be able to compete 501 00:26:14,240 --> 00:26:16,959 Speaker 1: next year or qualify for the Olympic team. Yeah, at 502 00:26:17,000 --> 00:26:19,200 Speaker 1: the end of the day, Um, some athletes will miss 503 00:26:19,240 --> 00:26:22,640 Speaker 1: their window. Um. The I is insured in some sports. 504 00:26:22,640 --> 00:26:24,439 Speaker 1: I think it's support to sport at this point that 505 00:26:24,520 --> 00:26:28,600 Speaker 1: if he made the roster for you're locked in for one. 506 00:26:28,680 --> 00:26:31,679 Speaker 1: But to your point of maybe you're a little bit bigger, 507 00:26:31,680 --> 00:26:34,440 Speaker 1: a little bit older, a little bit slower again depending 508 00:26:34,480 --> 00:26:37,239 Speaker 1: on what sport. Um. Some athletes who are planning on 509 00:26:37,560 --> 00:26:40,320 Speaker 1: you know, getting pregnant or going back to school, or 510 00:26:40,440 --> 00:26:43,280 Speaker 1: they had other plans moving right, and they had all 511 00:26:43,320 --> 00:26:46,040 Speaker 1: this set up in place and uh, and now they 512 00:26:46,040 --> 00:26:49,320 Speaker 1: have to delay their years. Um. Uh. You know, we 513 00:26:49,480 --> 00:26:51,840 Speaker 1: I had talked to Paul Gastel a couple of weeks ago. 514 00:26:51,880 --> 00:26:54,320 Speaker 1: We had him on one of our an A series 515 00:26:54,359 --> 00:26:56,959 Speaker 1: and he said, Hey, I'm gonna play next year. I'm 516 00:26:56,960 --> 00:26:59,000 Speaker 1: gonna extend my career actually because I want to be 517 00:26:59,000 --> 00:27:01,800 Speaker 1: in shape to play for being in these Olympics. And 518 00:27:01,880 --> 00:27:05,080 Speaker 1: so there's in some cases it's extending careers, which is 519 00:27:05,080 --> 00:27:07,840 Speaker 1: a good thing, and others it's a bad thing. Um. 520 00:27:07,880 --> 00:27:09,880 Speaker 1: And I have to say one of the hardest things 521 00:27:09,960 --> 00:27:12,399 Speaker 1: is a lot of these athletes don't aren't making millions 522 00:27:12,400 --> 00:27:13,919 Speaker 1: of dollars. They have to figure out how to sustain 523 00:27:13,960 --> 00:27:16,880 Speaker 1: themselves over the next year. Um. And not every sponsor 524 00:27:16,960 --> 00:27:20,040 Speaker 1: stepping up to the plate to guarantee that income, or 525 00:27:20,160 --> 00:27:23,240 Speaker 1: or the national Olympic committees to guarantee you know, funding. 526 00:27:23,280 --> 00:27:25,080 Speaker 1: So it's hurting everyone at the end of the day. 527 00:27:25,119 --> 00:27:27,800 Speaker 1: But I think we all are making sacrifices to make 528 00:27:27,840 --> 00:27:30,160 Speaker 1: sure that when it happens, it's you know, the best 529 00:27:30,200 --> 00:27:33,520 Speaker 1: in the world. Well, I'm bigger, older, and slower, and 530 00:27:33,560 --> 00:27:36,240 Speaker 1: I do me bigger, But that's a whole new story altogether. 531 00:27:38,280 --> 00:27:43,080 Speaker 1: I would like that. I actually just had a baby 532 00:27:43,160 --> 00:27:47,720 Speaker 1: like two months ago, so I thank you. I gotta 533 00:27:47,720 --> 00:27:50,800 Speaker 1: get back into hockey shaped, uh, but but I can't 534 00:27:50,800 --> 00:27:52,679 Speaker 1: get on the rink. So I'm stuck, you know, my 535 00:27:52,760 --> 00:27:55,480 Speaker 1: basement on the elliptical and you know, trying to do 536 00:27:55,560 --> 00:27:58,000 Speaker 1: what I can. Uh that it's not nothing like it. 537 00:27:58,040 --> 00:28:00,840 Speaker 1: I used to be one of those ist treadmills in 538 00:28:00,880 --> 00:28:06,639 Speaker 1: the basement. Angela, you're on the board of a new 539 00:28:06,760 --> 00:28:10,199 Speaker 1: professional women's indoor volleyball league. I want to hear your 540 00:28:10,200 --> 00:28:12,760 Speaker 1: thoughts on, you know, how innovation kind of pertains too 541 00:28:12,760 --> 00:28:16,119 Speaker 1: smaller sports. I mean, I can see an argument for 542 00:28:16,240 --> 00:28:19,840 Speaker 1: if people have less disposable income, that they may kind 543 00:28:19,840 --> 00:28:22,960 Speaker 1: of concentrate their dollars on the biggest sports. And I 544 00:28:22,960 --> 00:28:25,679 Speaker 1: can also see an argument that that maybe this, you know, 545 00:28:25,800 --> 00:28:29,399 Speaker 1: this lockdown is is kind of resetting everybody's fan affinity, 546 00:28:29,480 --> 00:28:32,360 Speaker 1: and it gives an opportunity more to to two smaller 547 00:28:32,440 --> 00:28:35,600 Speaker 1: leagues and more innovative, you know, more nimble groups than 548 00:28:35,640 --> 00:28:38,680 Speaker 1: maybe the NFL is. Which of those two scenarios do 549 00:28:38,680 --> 00:28:41,160 Speaker 1: you think is kind of more likely what we're entering 550 00:28:41,240 --> 00:28:44,640 Speaker 1: right now. Yeah, So, if you're if you're a wealth 551 00:28:44,720 --> 00:28:50,480 Speaker 1: funded UM Sports league that's art and willing to make 552 00:28:51,080 --> 00:28:54,600 Speaker 1: investments at a time when everyone's making cuts. You're in 553 00:28:54,600 --> 00:28:56,160 Speaker 1: a position to win. You know, we talked about the 554 00:28:56,240 --> 00:28:59,400 Speaker 1: NBA all the time because you have the budget and 555 00:28:59,480 --> 00:29:01,600 Speaker 1: are you are you doubling down? Is there a lot 556 00:29:01,640 --> 00:29:04,880 Speaker 1: of UM partnership decisions. Again, while we started the power 557 00:29:04,920 --> 00:29:07,840 Speaker 1: play in active, you need to move quickly and efficiently 558 00:29:07,880 --> 00:29:12,560 Speaker 1: and invest today to have that advantage tomorrow. But on 559 00:29:12,600 --> 00:29:15,640 Speaker 1: the other hand, your point of nimbleness. Start ups new 560 00:29:15,720 --> 00:29:18,760 Speaker 1: leagues like athletes are limited. UM really proud we worked 561 00:29:18,760 --> 00:29:21,960 Speaker 1: with them this summer to help to conceptualize what a 562 00:29:22,160 --> 00:29:24,280 Speaker 1: what a you know, a new league would look like, 563 00:29:24,640 --> 00:29:28,160 Speaker 1: focusing on women. So they're starting with softball, moving into volleyball, 564 00:29:28,200 --> 00:29:31,840 Speaker 1: and we'll move into another sport next UM next deal. 565 00:29:31,920 --> 00:29:35,640 Speaker 1: Kevin Durant, myself, Abby Wambach, others are are athletes that 566 00:29:35,680 --> 00:29:40,239 Speaker 1: are supporting it. UM. You know those new entities have 567 00:29:40,360 --> 00:29:44,080 Speaker 1: the nimbleness. A big part of what Athletes and Woman 568 00:29:44,200 --> 00:29:46,520 Speaker 1: is trying to do is say we're gonna focus on 569 00:29:46,560 --> 00:29:49,120 Speaker 1: individual athletes versus teams. So there's not even a team 570 00:29:49,120 --> 00:29:52,640 Speaker 1: you trade, you trade athletes week to week. Well, that's different, 571 00:29:52,680 --> 00:29:56,400 Speaker 1: that's new. Um, that's nimbleness. Um. And and maybe you 572 00:29:56,400 --> 00:29:58,520 Speaker 1: don't focus on ticket sales, you're just focusing on what 573 00:29:58,640 --> 00:30:02,320 Speaker 1: that experiences at home. So I like, I like in 574 00:30:02,680 --> 00:30:05,680 Speaker 1: new leagues like that to startups, they can pivot, they 575 00:30:05,720 --> 00:30:09,080 Speaker 1: can change. They don't have these massive contracts in place 576 00:30:09,160 --> 00:30:11,560 Speaker 1: like the big leagues that are trying to just figure 577 00:30:11,560 --> 00:30:15,520 Speaker 1: out the you know, the legalities of what's happening today. 578 00:30:15,720 --> 00:30:18,760 Speaker 1: They're already moving, they're already changing. And and so I 579 00:30:18,840 --> 00:30:21,960 Speaker 1: love working with these earlier stage companies because you can 580 00:30:22,240 --> 00:30:25,720 Speaker 1: and properties that are really saying, what's the best out there? 581 00:30:25,760 --> 00:30:28,920 Speaker 1: What is the fluid fan doing. The fluid fan is 582 00:30:28,960 --> 00:30:31,520 Speaker 1: following athletes and focus on athletes that the fluid plan 583 00:30:32,040 --> 00:30:35,240 Speaker 1: wants to look at everything on their mobile device or 584 00:30:35,320 --> 00:30:37,200 Speaker 1: at home and not even attend a game, Like, how 585 00:30:37,200 --> 00:30:39,880 Speaker 1: do we do that better than what the big properties 586 00:30:39,920 --> 00:30:42,560 Speaker 1: are doing today? So I think both, But you need 587 00:30:42,600 --> 00:30:45,680 Speaker 1: a really decisive leader at the talk. I think, um, 588 00:30:45,720 --> 00:30:47,840 Speaker 1: you know, some of the leagues have proven that they 589 00:30:47,960 --> 00:30:51,400 Speaker 1: can do that already. UM. And certainly at the startups, 590 00:30:51,400 --> 00:30:53,400 Speaker 1: I think you're gonna see a lot of new sports 591 00:30:53,840 --> 00:30:57,040 Speaker 1: emerge during Racing League others that are like, hey, this 592 00:30:57,120 --> 00:30:59,640 Speaker 1: is great, this is this is putting on ourselves and 593 00:30:59,680 --> 00:31:02,160 Speaker 1: it's his shouldna take some market share aways from the 594 00:31:02,200 --> 00:31:05,200 Speaker 1: bigger players out there? Interesting and we'll let you out 595 00:31:05,200 --> 00:31:08,280 Speaker 1: on this question. Earlier this year NHL All Star Game, 596 00:31:08,640 --> 00:31:11,080 Speaker 1: they did a good job. I thought of incorporating a 597 00:31:11,080 --> 00:31:13,080 Speaker 1: lot of women's hockey players as well, the three on 598 00:31:13,160 --> 00:31:16,560 Speaker 1: three US first Canada and also, you know, more participation 599 00:31:16,720 --> 00:31:19,600 Speaker 1: from women in the skills competition. If they had done 600 00:31:19,600 --> 00:31:22,360 Speaker 1: that when you were still playing, what's your what's your activity? 601 00:31:22,360 --> 00:31:24,440 Speaker 1: Are you a fastest skater? Are you the hardest shot? 602 00:31:24,800 --> 00:31:26,640 Speaker 1: Are you shooting from the concourse? What would you have 603 00:31:26,680 --> 00:31:30,360 Speaker 1: liked to participate? I would definitely be hardest shot, I 604 00:31:30,560 --> 00:31:33,360 Speaker 1: really said, because I had a bomb. I was you know, 605 00:31:33,400 --> 00:31:37,680 Speaker 1: I played defense, so I had that slapper and I never, um, 606 00:31:37,720 --> 00:31:41,760 Speaker 1: we never really recorded it. So I'm and you know, older, slower, 607 00:31:42,200 --> 00:31:48,600 Speaker 1: uh not as not as fitter whatever you want to say. Um, yeah, 608 00:31:48,600 --> 00:31:51,480 Speaker 1: I don't know what my my max is on my 609 00:31:51,520 --> 00:31:53,640 Speaker 1: slap shot. Um, but I look at like char and 610 00:31:53,680 --> 00:31:55,440 Speaker 1: some of these bigger guys and I'm like, I wish 611 00:31:55,480 --> 00:31:59,040 Speaker 1: I would have recorded that. Uh, fastest skater absolutely not 612 00:31:59,280 --> 00:32:03,320 Speaker 1: um is not. I was pretty good. I was powerful. Um, 613 00:32:03,360 --> 00:32:05,720 Speaker 1: but yeah, hard is shot probably be my bread and 614 00:32:05,760 --> 00:32:09,400 Speaker 1: better or maybe accuracy. I was pretty good. Pastor Angela's 615 00:32:09,520 --> 00:32:13,920 Speaker 1: Jarro gold medalist, four time US ice Hockey Olympian, current 616 00:32:13,960 --> 00:32:17,480 Speaker 1: CEO and co founder of the Sports Innovation Lab, mommy 617 00:32:17,560 --> 00:32:22,160 Speaker 1: to a new baby. By the way, boy or girl, boy, Hey, 618 00:32:22,200 --> 00:32:24,880 Speaker 1: al right, he's gonna he's gonna be a hockey player. 619 00:32:24,920 --> 00:32:28,200 Speaker 1: I'm gonna from we're stuck at home in the next winter, 620 00:32:28,320 --> 00:32:31,240 Speaker 1: I'm I'm you know, get down some skates. Pretty soon 621 00:32:31,760 --> 00:32:35,720 Speaker 1: got the pedigree. Angela, thank you so much for joining us. 622 00:32:35,720 --> 00:32:38,719 Speaker 1: I really do appreciate it. I am really impressed with 623 00:32:38,880 --> 00:32:43,440 Speaker 1: Angela's optimism about sports being played. I have to admit 624 00:32:43,560 --> 00:32:46,640 Speaker 1: I am not as optimistic, especially when it comes to 625 00:32:46,680 --> 00:32:50,760 Speaker 1: team sports being played later this year. But she believes 626 00:32:50,800 --> 00:32:54,360 Speaker 1: it's gonna happen, and maybe without fans, but she believes 627 00:32:54,400 --> 00:32:56,680 Speaker 1: it is still going to happen. And I have my 628 00:32:56,720 --> 00:32:59,720 Speaker 1: fingers crossed that she's right, and I hope I am 629 00:32:59,760 --> 00:33:04,000 Speaker 1: dead and wrong. Well, my takeaway from the conversation is 630 00:33:04,040 --> 00:33:07,240 Speaker 1: the Olympians who now have to wait another year, and 631 00:33:07,280 --> 00:33:08,960 Speaker 1: as she made a good point, that some of the 632 00:33:08,960 --> 00:33:12,000 Speaker 1: women might want to get pregnant, might want to go 633 00:33:12,080 --> 00:33:15,880 Speaker 1: back to school, and also for sponsorship opportunities. Uh, you know, 634 00:33:16,000 --> 00:33:18,920 Speaker 1: this is your Olympics. She go once every four years 635 00:33:18,960 --> 00:33:21,800 Speaker 1: to cash in and the window is is very very short. 636 00:33:21,880 --> 00:33:23,840 Speaker 1: You know, your professional player you got year after year 637 00:33:23,840 --> 00:33:26,120 Speaker 1: after year. So I think that's a big concern for 638 00:33:26,200 --> 00:33:28,520 Speaker 1: the athletes now who have to wait till next year 639 00:33:28,600 --> 00:33:32,680 Speaker 1: if it even happens in for sure. Yeah, I thought 640 00:33:32,680 --> 00:33:35,280 Speaker 1: the stuff that she said about specifically about in venues 641 00:33:35,440 --> 00:33:38,040 Speaker 1: really interesting. I know I've fall vict into this. I 642 00:33:38,080 --> 00:33:40,479 Speaker 1: think we often, you know, when we think about the 643 00:33:40,480 --> 00:33:43,720 Speaker 1: innovation that teams have to be doing right now, we 644 00:33:43,800 --> 00:33:46,040 Speaker 1: think about it from a digital standpoint, how to reach 645 00:33:46,080 --> 00:33:48,720 Speaker 1: their fans at home. But Angela is right, there's also 646 00:33:48,760 --> 00:33:51,600 Speaker 1: this kind of tremendous opportunity right now to rethink what 647 00:33:51,680 --> 00:33:53,840 Speaker 1: it looks like when games come back. You know, things 648 00:33:53,880 --> 00:33:56,400 Speaker 1: that you can be doing in an empty drink that 649 00:33:56,440 --> 00:33:57,960 Speaker 1: you might not be able to do when there's a 650 00:33:57,960 --> 00:34:00,200 Speaker 1: basketball or a hockey game every other night it or 651 00:34:00,240 --> 00:34:03,120 Speaker 1: every night. So hopefully, you know, the teams are listening 652 00:34:03,160 --> 00:34:04,720 Speaker 1: to her. I know she's working with a lot of them, 653 00:34:05,160 --> 00:34:08,040 Speaker 1: but yes, thinking about innovation, not just in terms of 654 00:34:08,320 --> 00:34:11,040 Speaker 1: you know, reaching fans in their homes while they're on lockdown, 655 00:34:11,320 --> 00:34:14,160 Speaker 1: but also taking advantage of kind of the dark time 656 00:34:14,200 --> 00:34:17,680 Speaker 1: you have in your physical building to be rethinking about 657 00:34:17,800 --> 00:34:20,239 Speaker 1: what happens when fans come back, what we may need 658 00:34:20,280 --> 00:34:24,280 Speaker 1: to offer them, privacy concerns, and security concerns and health concerns, 659 00:34:24,480 --> 00:34:26,640 Speaker 1: you know, all those things that are forward thinking and 660 00:34:26,880 --> 00:34:31,520 Speaker 1: not just about what's happening in the moment. Right now. 661 00:34:32,440 --> 00:34:34,399 Speaker 1: It feels better to be number one than number five. 662 00:34:34,400 --> 00:34:36,040 Speaker 1: I'll wear a number because of Mike. We have a 663 00:34:36,120 --> 00:34:37,920 Speaker 1: chance to go for three in a row. Kid numbers 664 00:34:37,920 --> 00:34:40,080 Speaker 1: at a good time, and let's first started wearing the number. 665 00:34:40,200 --> 00:34:43,600 Speaker 1: How would just have the bloomberg business of sports? The 666 00:34:43,800 --> 00:34:47,200 Speaker 1: number of the week? Time now for the number of 667 00:34:47,239 --> 00:34:52,240 Speaker 1: the week, everybody at home, please play along. Two numbers. 668 00:34:52,840 --> 00:34:55,400 Speaker 1: And you've got to give me the story involved with 669 00:34:55,440 --> 00:35:02,280 Speaker 1: this thirty million dollars? Zero dollars. What's the connection between 670 00:35:02,280 --> 00:35:07,799 Speaker 1: that the amount of money gambled in Las Vegas on 671 00:35:08,080 --> 00:35:19,880 Speaker 1: professional sports in February versus April. Uh No, Mike, zero 672 00:35:19,960 --> 00:35:22,359 Speaker 1: dollars is the amount of money that Michael Barr pays 673 00:35:22,440 --> 00:35:29,120 Speaker 1: to watch Hazel every single Now, I'd pay thirty millions. 674 00:35:29,160 --> 00:35:32,080 Speaker 1: See that's the thing, just to see Shirley Booth. But 675 00:35:33,080 --> 00:35:36,399 Speaker 1: here here in the connection to the numbers, the NFL 676 00:35:36,440 --> 00:35:41,000 Speaker 1: Commissioner Roger Goodell has reduced his salary from thirty million 677 00:35:41,000 --> 00:35:43,319 Speaker 1: dollars a year when you can buy in salaries and 678 00:35:43,360 --> 00:35:48,160 Speaker 1: bonuses to zero. This is voluntary and other NFL employees 679 00:35:48,200 --> 00:35:50,960 Speaker 1: will be taking pay cuts or furloughs due to the 680 00:35:51,000 --> 00:35:56,080 Speaker 1: coronavirus pandemic. Now it will not affect employees earning a 681 00:35:56,120 --> 00:35:59,359 Speaker 1: base salary of less than a hundred thousand dollars. They 682 00:35:59,400 --> 00:36:03,360 Speaker 1: will not be affected by the reductions. So the NFL 683 00:36:03,600 --> 00:36:06,520 Speaker 1: is trying to do it's part to keep a float 684 00:36:06,600 --> 00:36:11,960 Speaker 1: during this pandemic. How's up for a haircut? Thirty million dollars? Yeah, 685 00:36:12,640 --> 00:36:14,879 Speaker 1: as much as forty or forty nine a few years ago, 686 00:36:14,920 --> 00:36:17,040 Speaker 1: wasn't he Yeah? Yeah, yeah. There was a year in 687 00:36:17,080 --> 00:36:18,680 Speaker 1: there where there was like an extra bonus that he 688 00:36:18,760 --> 00:36:21,279 Speaker 1: got that was that was huge. I do well. I'm 689 00:36:21,280 --> 00:36:23,359 Speaker 1: glad you brought this up, Michael, because real quick, you know, 690 00:36:23,840 --> 00:36:26,200 Speaker 1: as we think about whether the NFL season is going 691 00:36:26,280 --> 00:36:28,719 Speaker 1: to be disrupted or not, this feels like maybe a 692 00:36:28,760 --> 00:36:32,160 Speaker 1: pretty big admission by the league that you know, there's 693 00:36:32,160 --> 00:36:36,640 Speaker 1: a chance that you know, the the NFL season is 694 00:36:36,680 --> 00:36:39,000 Speaker 1: not going to look the way we expected because I 695 00:36:39,080 --> 00:36:41,560 Speaker 1: think if they were very confident that everything was going 696 00:36:41,600 --> 00:36:44,000 Speaker 1: to be fine come September, you know, they might not 697 00:36:44,040 --> 00:36:47,279 Speaker 1: be taking drastic steps like this. I think the number 698 00:36:47,320 --> 00:36:49,560 Speaker 1: of games play is going to look like nineteen seventy 699 00:36:49,560 --> 00:36:52,680 Speaker 1: two if we have won twelve games, because it's gonna 700 00:36:52,680 --> 00:36:55,800 Speaker 1: be hard, and definitely we're not going to have any preseason. 701 00:36:55,880 --> 00:36:59,959 Speaker 1: But you have been listening to the Bloomberg Business of Sport. 702 00:37:00,000 --> 00:37:02,080 Speaker 1: It's weird here each and every week at the same time, 703 00:37:02,080 --> 00:37:04,680 Speaker 1: plus online wherever you get your podcasts, and you can 704 00:37:04,680 --> 00:37:07,640 Speaker 1: catch those Mondays, Wednesdays and Thursdays. I'm Michael Barr on 705 00:37:07,680 --> 00:37:10,000 Speaker 1: Twitter at Big Bar Sports, and I'm Mike Lynch at 706 00:37:10,080 --> 00:37:13,120 Speaker 1: Lynch e w c dB, and I'm Evan Novie Williams 707 00:37:13,160 --> 00:37:16,279 Speaker 1: at nov Underscore Williams. Thanks for joining us. Please tune 708 00:37:16,280 --> 00:37:18,360 Speaker 1: in next week when we speak with the biggest and 709 00:37:18,480 --> 00:37:21,360 Speaker 1: brightest in the sports business world. This is the Bloomberg 710 00:37:21,360 --> 00:37:24,240 Speaker 1: Business of Sports from Bloomberg Radio around the world.