1 00:00:01,080 --> 00:00:05,240 Speaker 1: This is the Business of Sports from Bloomberg Radio. Hello, 2 00:00:05,240 --> 00:00:08,760 Speaker 1: I'm Jason Kelly, and I'm Michael Barr and I'm Mike Lynch. 3 00:00:09,640 --> 00:00:13,200 Speaker 1: We're here Monday's Wednesday. Sorry, we are here Monday's, Wednesdays 4 00:00:13,200 --> 00:00:15,400 Speaker 1: and Thursdays. Exploring the big money issues in the world 5 00:00:15,480 --> 00:00:17,960 Speaker 1: of sports. Talked to some of the biggest players in 6 00:00:18,040 --> 00:00:22,880 Speaker 1: the industry. Today. We're gonna talk amongst ourselves about one 7 00:00:23,200 --> 00:00:28,840 Speaker 1: big headline this morning. The XFL not dead yet. Dwayne 8 00:00:29,080 --> 00:00:32,280 Speaker 1: the Rock Johnson coming in part of a group paying 9 00:00:32,360 --> 00:00:35,680 Speaker 1: fifteen million dollars, which ultimately not a lot of money 10 00:00:35,720 --> 00:00:41,280 Speaker 1: to buy a not just a franchise, but a league. Uh, 11 00:00:41,360 --> 00:00:43,560 Speaker 1: the Rock is going to save the XFL. Mike Lynch. 12 00:00:45,360 --> 00:00:51,680 Speaker 1: Finally the Rock has come back to football. Well Rock, 13 00:00:51,760 --> 00:00:53,880 Speaker 1: we all know The Rock played in Canada. I played 14 00:00:53,880 --> 00:00:57,279 Speaker 1: four years at the University of Miami. He's a great businessman, 15 00:00:57,320 --> 00:01:01,120 Speaker 1: he's an entrepreneur. I think he's gonna of major, major 16 00:01:01,200 --> 00:01:04,840 Speaker 1: challenge trying to relaunch the x XFL, which had a 17 00:01:04,880 --> 00:01:06,760 Speaker 1: big view of ship it's first week. A couple of 18 00:01:06,760 --> 00:01:09,160 Speaker 1: weeks before they folded, they were down to about half 19 00:01:09,160 --> 00:01:11,840 Speaker 1: of that and they were in leagues that have come 20 00:01:11,880 --> 00:01:14,800 Speaker 1: and gone. We had the World Football League, the USFL, 21 00:01:14,959 --> 00:01:17,440 Speaker 1: the XFL has been around this. I think the third 22 00:01:17,440 --> 00:01:19,800 Speaker 1: try it's a big challenge for the Rock. But I 23 00:01:19,800 --> 00:01:21,679 Speaker 1: wish him the best because I still think that there's 24 00:01:21,800 --> 00:01:26,119 Speaker 1: enough of pretty good players that can't make an NFL 25 00:01:26,200 --> 00:01:30,920 Speaker 1: team that could stock a league like the XFL. Bar 26 00:01:31,040 --> 00:01:33,319 Speaker 1: what do you think? I mean, like I had and 27 00:01:33,400 --> 00:01:36,800 Speaker 1: you and I were remembering that it was more than 28 00:01:36,840 --> 00:01:39,520 Speaker 1: two years ago now. We sat down at a Bloomberg 29 00:01:39,560 --> 00:01:42,880 Speaker 1: Business of Sports luncheon with all of her luck, the 30 00:01:42,880 --> 00:01:46,960 Speaker 1: then UH commissioner. This was obviously a year ahead of 31 00:01:47,000 --> 00:01:48,720 Speaker 1: the launch, and they had put a lot of work 32 00:01:48,720 --> 00:01:52,000 Speaker 1: into this. It was Vince McMahon's shop. As a fan, 33 00:01:52,480 --> 00:01:55,600 Speaker 1: like what do you what do you think about the 34 00:01:55,760 --> 00:01:58,240 Speaker 1: XFL as a product? I thought it was going to 35 00:01:58,320 --> 00:02:01,520 Speaker 1: be a great product, but no, he could see COVID 36 00:02:01,680 --> 00:02:07,960 Speaker 1: nineteen coming. They are the bad end of bad timing 37 00:02:08,240 --> 00:02:11,799 Speaker 1: is what happened. And I thought that the product was 38 00:02:11,840 --> 00:02:14,360 Speaker 1: going to be great. Uh, And I was excited to 39 00:02:14,360 --> 00:02:18,400 Speaker 1: see it, but I mean, obviously, um that went up 40 00:02:18,400 --> 00:02:21,000 Speaker 1: in smoke. And and to be honest, I mean, I 41 00:02:21,040 --> 00:02:24,800 Speaker 1: know I don't wanna, you know, choose upsides, But I 42 00:02:24,919 --> 00:02:28,920 Speaker 1: always feel bad for somebody like Oliver Luck. Uh, you know, 43 00:02:28,960 --> 00:02:32,120 Speaker 1: you put your dreams into this and it just goes 44 00:02:32,200 --> 00:02:36,760 Speaker 1: up in flames pretty much not of your fault, and 45 00:02:36,880 --> 00:02:39,720 Speaker 1: it's it's a sad thing to see. And you know, 46 00:02:39,800 --> 00:02:44,919 Speaker 1: hopefully Mr Rock can can bring this back and uh 47 00:02:45,160 --> 00:02:49,360 Speaker 1: hopefully get the timing right and and somehow maybe work 48 00:02:49,680 --> 00:02:52,359 Speaker 1: Oliver look back into it. I don't know that's Mr 49 00:02:52,480 --> 00:02:56,080 Speaker 1: the Rock, Yes, Mr Yeah. I mean I'm fascinated by 50 00:02:56,120 --> 00:03:00,520 Speaker 1: this in part because Dwayne Johnson a K. The has 51 00:03:00,560 --> 00:03:03,880 Speaker 1: been very successful in business. I know that, you know 52 00:03:03,960 --> 00:03:07,160 Speaker 1: through his work with Endeavor w and E, who has 53 00:03:07,200 --> 00:03:10,200 Speaker 1: represented him. He's got a couple of business relationships there 54 00:03:10,240 --> 00:03:13,640 Speaker 1: the Titan Games as a show on television. He has 55 00:03:13,720 --> 00:03:16,720 Speaker 1: this company and his partner or his one of his 56 00:03:16,800 --> 00:03:19,600 Speaker 1: partners in this is his partner in his production company. 57 00:03:19,919 --> 00:03:24,000 Speaker 1: Talking about Danny Garcia and she is the chairwoman CEO 58 00:03:24,040 --> 00:03:27,840 Speaker 1: of the Garcia Companies and she's a co founder with 59 00:03:28,520 --> 00:03:32,360 Speaker 1: Dwayne Johnson of Seven Bucks Companies. This is a production 60 00:03:32,400 --> 00:03:34,880 Speaker 1: company and so they are very focused on the media 61 00:03:34,920 --> 00:03:37,520 Speaker 1: aspect of this. This is in many ways, and I 62 00:03:37,560 --> 00:03:40,800 Speaker 1: think if you go back to what the XFL was 63 00:03:40,840 --> 00:03:44,160 Speaker 1: meant to be. In its Vince McMahon iteration, this is 64 00:03:44,200 --> 00:03:47,960 Speaker 1: a media play. In many cases, it's obviously a sports play, 65 00:03:48,120 --> 00:03:52,480 Speaker 1: but doing this right from a media perspective only becomes 66 00:03:52,480 --> 00:03:54,840 Speaker 1: that much more important in this world we're living in 67 00:03:54,920 --> 00:03:58,680 Speaker 1: right now, because there are no fans in the stands, 68 00:03:58,840 --> 00:04:02,360 Speaker 1: and the XFL, while it had some attendance early on 69 00:04:02,480 --> 00:04:05,600 Speaker 1: before the pandemic set in, it was very focused on 70 00:04:05,680 --> 00:04:10,600 Speaker 1: being a novel and exciting media property. And also, and 71 00:04:10,840 --> 00:04:13,840 Speaker 1: we were talking about this guy's ahead of this recording, 72 00:04:14,200 --> 00:04:18,280 Speaker 1: it also will only be successful if it has some 73 00:04:18,400 --> 00:04:23,040 Speaker 1: sort of obvious relationship literally and figuratively to the NFL, 74 00:04:23,160 --> 00:04:25,800 Speaker 1: to the real pro football league or the established pro 75 00:04:25,839 --> 00:04:28,240 Speaker 1: football league out there. And I think if you see 76 00:04:28,279 --> 00:04:31,760 Speaker 1: some success stories, either college players going through or players 77 00:04:31,760 --> 00:04:34,599 Speaker 1: who maybe didn't make it initially in the NFL to 78 00:04:34,680 --> 00:04:37,640 Speaker 1: come back through the XFL, I think you could get 79 00:04:37,680 --> 00:04:41,240 Speaker 1: some storylines that ultimately will prop this league up. And 80 00:04:41,279 --> 00:04:43,239 Speaker 1: it doesn't hurt. I made this point to you guys 81 00:04:43,240 --> 00:04:46,400 Speaker 1: as well. It doesn't hurt that Dwayne the Rock Johnson 82 00:04:46,960 --> 00:04:50,680 Speaker 1: is uh a guy that people like, whether you like 83 00:04:50,880 --> 00:04:54,039 Speaker 1: him as the star of a show, the star of 84 00:04:54,040 --> 00:04:57,400 Speaker 1: a movie. Personally, in my house, we know him as 85 00:04:57,440 --> 00:05:00,560 Speaker 1: the voice of Maui from the movie Mowanna. That's the 86 00:05:00,560 --> 00:05:03,760 Speaker 1: main way that we know him. So that just sort 87 00:05:03,760 --> 00:05:07,039 Speaker 1: of shows what I'm watching him. Well, let's let's let's 88 00:05:07,040 --> 00:05:09,520 Speaker 1: look at some of the fledgling leagues, like the the 89 00:05:09,560 --> 00:05:11,760 Speaker 1: a f L. When when they finally got Joe Namath 90 00:05:11,760 --> 00:05:14,000 Speaker 1: that get him some credibility, they had a name. When 91 00:05:14,000 --> 00:05:16,560 Speaker 1: the us f L came out, they lured Herschel Walker 92 00:05:16,600 --> 00:05:19,400 Speaker 1: and Doug Flute him, so they had a name. Now, 93 00:05:19,800 --> 00:05:22,279 Speaker 1: this XFL is not going to attract any big name 94 00:05:22,360 --> 00:05:25,600 Speaker 1: college football players. The biggest name they have is The Rock. 95 00:05:26,200 --> 00:05:28,760 Speaker 1: So in addition to being an owner, I think The 96 00:05:28,880 --> 00:05:32,719 Speaker 1: Rock should actually be in the booth broadcasting the game 97 00:05:32,839 --> 00:05:35,240 Speaker 1: because you know he every time he opens his mouth, 98 00:05:35,279 --> 00:05:37,960 Speaker 1: he's entertainment. And when you know, when the Rock talks, 99 00:05:38,000 --> 00:05:41,280 Speaker 1: people listen. So they're not gonna get anybody to come 100 00:05:41,320 --> 00:05:43,240 Speaker 1: over and play any big name player. I think I 101 00:05:43,240 --> 00:05:46,000 Speaker 1: think the Rock needs to be very highly visible in 102 00:05:46,080 --> 00:05:48,880 Speaker 1: this league and a reason to tune in, and he'll 103 00:05:48,920 --> 00:05:51,120 Speaker 1: have a stake in it all right. So speaking of 104 00:05:51,160 --> 00:05:54,560 Speaker 1: tuning in, this was a big weekend for sports, probably 105 00:05:54,600 --> 00:05:58,359 Speaker 1: the first real sports weekend across a number of the 106 00:05:58,360 --> 00:06:02,360 Speaker 1: big pro sports that we've had really since pandemic set in. 107 00:06:02,600 --> 00:06:05,360 Speaker 1: So my question to each of you, Michael Barr, I 108 00:06:05,320 --> 00:06:07,520 Speaker 1: will start with you, what'd you watch? Oh? You know 109 00:06:07,560 --> 00:06:11,840 Speaker 1: what I watched this Sunday, Loud New Hampshire. I always 110 00:06:11,880 --> 00:06:15,760 Speaker 1: loved watching NASCAR, and and it was. But the problem 111 00:06:15,880 --> 00:06:18,839 Speaker 1: I had was I had to keep flipping back from channel. 112 00:06:18,920 --> 00:06:21,360 Speaker 1: The channel was like, Okay, there's a baseball game on. No, wait, 113 00:06:21,360 --> 00:06:23,320 Speaker 1: I gotta go back to a loud New Hampshire. I 114 00:06:23,320 --> 00:06:26,960 Speaker 1: gotta flip this over and and I haven't had that 115 00:06:27,320 --> 00:06:30,240 Speaker 1: in a long time. And I have to be honest, 116 00:06:30,240 --> 00:06:32,960 Speaker 1: it was nice to be able to do that. But 117 00:06:33,400 --> 00:06:41,120 Speaker 1: the main category was loud New Hampshire. Rad Keselowski one. Alright, 118 00:06:41,160 --> 00:06:43,480 Speaker 1: so we've waited what four and a half months for 119 00:06:43,680 --> 00:06:47,800 Speaker 1: live sporting events around here. So we have two teams playing, 120 00:06:47,839 --> 00:06:52,040 Speaker 1: the Boston Celtics playing the Portland Trailblazers on ABC, and 121 00:06:52,080 --> 00:06:55,240 Speaker 1: we've got the Boston Bruins playing the Philadelphia Flyers. What 122 00:06:55,400 --> 00:07:00,520 Speaker 1: time to by? Both games scheduled to play head to head? 123 00:07:00,680 --> 00:07:03,400 Speaker 1: Can they just could someone have just made some common 124 00:07:03,440 --> 00:07:05,240 Speaker 1: sense and say Okay, we're gonna play one of them 125 00:07:05,240 --> 00:07:07,960 Speaker 1: at twelve thirty, one of them at three thirty. Thankfully 126 00:07:08,000 --> 00:07:11,239 Speaker 1: the Red Sox and Yankees didn't didn't go until seven o'clock. 127 00:07:11,400 --> 00:07:13,360 Speaker 1: Otherwise we could have had three games going at the 128 00:07:13,400 --> 00:07:15,000 Speaker 1: same time, which would have worn out a set of 129 00:07:15,040 --> 00:07:19,160 Speaker 1: batteries in the remote. Absolutely. Yeah, picture and picture and picture. Well, 130 00:07:19,200 --> 00:07:21,960 Speaker 1: I have to say so. I was actually in New Hampshire, 131 00:07:22,000 --> 00:07:24,080 Speaker 1: so I wasn't far from you, Lynchy, and not too 132 00:07:24,080 --> 00:07:26,400 Speaker 1: far from the race. I was there for a lacrosse 133 00:07:26,440 --> 00:07:29,160 Speaker 1: tournament and I went out for a socially distanced dinner 134 00:07:29,200 --> 00:07:33,440 Speaker 1: with some other dads and our sons, and I found 135 00:07:33,480 --> 00:07:37,480 Speaker 1: myself at a great barbecue place in Manchester, New Hampshire, 136 00:07:37,880 --> 00:07:42,680 Speaker 1: I think and a. It was essentially a sports bar, 137 00:07:42,880 --> 00:07:45,600 Speaker 1: and it was I have to tell you, such a 138 00:07:45,640 --> 00:07:49,720 Speaker 1: great feeling to sit there and watch the NBA on 139 00:07:49,720 --> 00:07:53,440 Speaker 1: one screen and then Major League Baseball on another screen. 140 00:07:53,760 --> 00:07:56,080 Speaker 1: I will say, the Lynch, you'll get a kick out 141 00:07:56,080 --> 00:07:58,160 Speaker 1: of this. I said to one of the other dads, Oh, well, 142 00:07:58,160 --> 00:08:00,440 Speaker 1: this is nice. Nice they have the Yankee game one 143 00:08:00,800 --> 00:08:03,520 Speaker 1: are And I said, actually I should correct myself. Here 144 00:08:03,560 --> 00:08:05,640 Speaker 1: in New Hampshire they call it the Red Sox game. 145 00:08:07,240 --> 00:08:09,840 Speaker 1: That's what we're talking about here. But yeah, I mean, look, 146 00:08:10,040 --> 00:08:13,720 Speaker 1: no fans, it feels different. But the quality of play 147 00:08:13,800 --> 00:08:16,360 Speaker 1: we talked a little bit about this last week. The 148 00:08:16,440 --> 00:08:23,160 Speaker 1: quality of play, certainly uh for the high tier professional sports, 149 00:08:23,320 --> 00:08:25,320 Speaker 1: I think has been great. I mean, the NBA games 150 00:08:25,320 --> 00:08:27,920 Speaker 1: have been super fun to watch. It's a great product 151 00:08:28,000 --> 00:08:30,040 Speaker 1: on the field. And even baseball. I don't know how 152 00:08:30,040 --> 00:08:31,960 Speaker 1: you guys feel, and Lynch you, I'll start with you. 153 00:08:32,520 --> 00:08:34,599 Speaker 1: I don't know how you feel about it, but the 154 00:08:34,679 --> 00:08:38,120 Speaker 1: quality of baseball has been pretty good, even if some 155 00:08:38,160 --> 00:08:40,160 Speaker 1: of the teams, and I'm not naming names here, have 156 00:08:40,240 --> 00:08:42,800 Speaker 1: been a little crummy. Okay, So I know you're referring 157 00:08:42,800 --> 00:08:44,280 Speaker 1: to the Red Sox, so I'll get it right out 158 00:08:44,280 --> 00:08:46,520 Speaker 1: of the shoot. They were swept by the Yankees. They 159 00:08:46,520 --> 00:08:48,400 Speaker 1: have three and seven. They have the tied for the 160 00:08:48,440 --> 00:08:51,240 Speaker 1: worst record in baseball, even worse than your Detroit Tigers. 161 00:08:51,280 --> 00:08:53,959 Speaker 1: Michael Barr, you know, it's an upside down world when 162 00:08:53,960 --> 00:08:57,920 Speaker 1: this happens. But I think the quality of play is 163 00:08:57,920 --> 00:09:02,440 Speaker 1: is pretty good. Um. I think the podcasters remote broadcasting 164 00:09:02,440 --> 00:09:06,040 Speaker 1: and doing a great job. Um. I think the piped 165 00:09:06,080 --> 00:09:09,520 Speaker 1: in crowd noise is going to become an acquired taste. 166 00:09:09,720 --> 00:09:12,200 Speaker 1: That might be the best way to put it. I'm 167 00:09:12,240 --> 00:09:14,920 Speaker 1: not sure right away if I like it or not, 168 00:09:15,000 --> 00:09:17,880 Speaker 1: but it certainly does add to the ambiance. Um and 169 00:09:17,920 --> 00:09:19,520 Speaker 1: I think I had one of my daughters coming in 170 00:09:19,559 --> 00:09:22,240 Speaker 1: and and said, they allowed fans at these games, Dad, 171 00:09:22,240 --> 00:09:24,199 Speaker 1: And I said, no, no, that's just the crowd noise. 172 00:09:24,240 --> 00:09:26,720 Speaker 1: So with without without her looking at the TV, just 173 00:09:26,800 --> 00:09:29,760 Speaker 1: hearing it, she thought that there was actually a crowd 174 00:09:29,800 --> 00:09:31,959 Speaker 1: at the game. So that part, I guess work from 175 00:09:31,960 --> 00:09:37,240 Speaker 1: the production standpoint. How's the racing been? All the racing 176 00:09:37,240 --> 00:09:41,200 Speaker 1: has been great when you when you watch it, keep 177 00:09:41,240 --> 00:09:44,800 Speaker 1: in mind it if there was any sport that was 178 00:09:44,840 --> 00:09:49,800 Speaker 1: built to protect from COVID nineteen, it's automobile racing. You're 179 00:09:49,800 --> 00:09:53,480 Speaker 1: in your own cockpit, you've got the racing helmet on. 180 00:09:54,160 --> 00:09:57,360 Speaker 1: It's so from that point it's one of the best. 181 00:09:57,760 --> 00:10:01,000 Speaker 1: And and of course you know when somebody gets mad 182 00:10:01,080 --> 00:10:03,880 Speaker 1: at somebody on the racetrack, it's still gonna you know, 183 00:10:04,040 --> 00:10:06,560 Speaker 1: you're still gonna have some fun doing that. I'm watching 184 00:10:06,640 --> 00:10:12,560 Speaker 1: them at the ends. Socially distanced ramming into someone else's car. Yeah, yeah, 185 00:10:12,600 --> 00:10:15,080 Speaker 1: there's some built in social distance there even if you're 186 00:10:15,280 --> 00:10:17,720 Speaker 1: you know, but what are they saying if if you 187 00:10:17,720 --> 00:10:21,080 Speaker 1: ain't rubbing, you ain't racing. Yeah, yeah, yeah, there's been 188 00:10:21,080 --> 00:10:25,600 Speaker 1: a lot of rubbing. All right. Well, here's to hoping 189 00:10:25,840 --> 00:10:28,840 Speaker 1: that we continue to see some live sports. Major League 190 00:10:28,840 --> 00:10:33,079 Speaker 1: Baseball as of this taping, you know, continues to limp along. Well, obviously, 191 00:10:33,120 --> 00:10:35,040 Speaker 1: see how that plays out through the course of the week. 192 00:10:35,080 --> 00:10:37,400 Speaker 1: You can catch our podcast right here every Monday, Wednesday 193 00:10:37,440 --> 00:10:40,000 Speaker 1: and Thursday. I'm Jason Kelly. Catch me on Twitter at 194 00:10:40,080 --> 00:10:42,480 Speaker 1: Jason Kelly News. And I'm Michael Barr And you can 195 00:10:42,480 --> 00:10:46,240 Speaker 1: catch me on Twitter at Big Bar Sports. Happy forty 196 00:10:46,320 --> 00:10:49,160 Speaker 1: third birthday to Tom Brady. I'm Mike Lynch. You can 197 00:10:49,200 --> 00:10:52,280 Speaker 1: catch me at Lynch w CBB. They're listening to Blueberg 198 00:10:52,320 --> 00:10:55,000 Speaker 1: Business of Sports from Blueberg Radio around the world.