1 00:00:02,400 --> 00:00:05,600 Speaker 1: Hello, Michael and Scott Sashnik. Every week at this time, 2 00:00:05,640 --> 00:00:08,840 Speaker 1: plus Monday's, Wednesdays and Thursdays, we explore the big money 3 00:00:08,840 --> 00:00:11,479 Speaker 1: issues in the world of sports. On today's show, we 4 00:00:11,520 --> 00:00:15,319 Speaker 1: speak with the CFO of the Los Angeles Dodgers, Tucker Kine. 5 00:00:15,360 --> 00:00:17,280 Speaker 1: But first let's look at the top stories of the week. 6 00:00:17,440 --> 00:00:21,200 Speaker 1: Joining us as every week is Bloomberg Business of Sports 7 00:00:21,280 --> 00:00:24,800 Speaker 1: reporter Evan Novi Williams, and we're going to start now. 8 00:00:24,840 --> 00:00:28,920 Speaker 1: See this is you know that I love the Illage family. Detroit. 9 00:00:29,200 --> 00:00:32,159 Speaker 1: It's Detroit, and you know they did this for you, 10 00:00:32,320 --> 00:00:34,120 Speaker 1: they did this for me. They're going to start a 11 00:00:34,159 --> 00:00:41,199 Speaker 1: regional sports network. They're considering starting a regional sports network. 12 00:00:41,880 --> 00:00:44,519 Speaker 1: That's that's the important part they're considering because right now 13 00:00:44,560 --> 00:00:46,800 Speaker 1: they're with Fox Sports Detroit. The deal with fires in 14 00:00:46,800 --> 00:00:50,559 Speaker 1: a few years, I said, ours get that rs up 15 00:00:50,560 --> 00:00:53,279 Speaker 1: and running. Fun fun time at rs N world, though 16 00:00:53,320 --> 00:00:55,480 Speaker 1: I mean recently we've talked about the Fox sale of 17 00:00:55,520 --> 00:00:58,480 Speaker 1: the rs N s UH. In many cases they do 18 00:00:58,800 --> 00:01:02,560 Speaker 1: spend off some nice positive cash flow, but one can 19 00:01:02,640 --> 00:01:05,399 Speaker 1: ask ms less Allet Mr or Less Alexander out in Houston. 20 00:01:05,440 --> 00:01:08,480 Speaker 1: It doesn't always work. It's that's not the case. And 21 00:01:08,560 --> 00:01:10,600 Speaker 1: this is exactly a new concept. You wonder why the 22 00:01:10,640 --> 00:01:13,760 Speaker 1: village family, you know, they own the winter programming in 23 00:01:13,800 --> 00:01:16,840 Speaker 1: the Red Wings, they own the summer programming in the Tigers. 24 00:01:17,200 --> 00:01:18,800 Speaker 1: You need the winter in the summer. They got it 25 00:01:18,880 --> 00:01:21,840 Speaker 1: one city. How much? And it's always that this is 26 00:01:21,840 --> 00:01:27,319 Speaker 1: the question, how much would they charge the cable operators 27 00:01:27,360 --> 00:01:29,760 Speaker 1: to carry this channel? Tiger? I bet I'm gonna ready 28 00:01:29,959 --> 00:01:32,760 Speaker 1: t se it's gonna be Tigers Sports and Entertainment. But 29 00:01:32,840 --> 00:01:35,720 Speaker 1: I don't know tr Tiger, Red Wing Sports and Entertam 30 00:01:35,720 --> 00:01:38,640 Speaker 1: t r SC. But how much? What's the price and 31 00:01:39,440 --> 00:01:43,080 Speaker 1: at what price do the people of Detroit say no? 32 00:01:43,400 --> 00:01:45,640 Speaker 1: Or the cable operators say no, thank you, because we're 33 00:01:45,680 --> 00:01:47,840 Speaker 1: not passing this along to our customers. It's always about 34 00:01:47,840 --> 00:01:50,440 Speaker 1: the price. But that but the problem is is that 35 00:01:50,560 --> 00:01:54,040 Speaker 1: it will let's just say a problem the Tigers. Yes, 36 00:01:54,080 --> 00:01:57,240 Speaker 1: they had a down year to say the least, but 37 00:01:57,680 --> 00:02:01,320 Speaker 1: people will still watch the Tigers. Whittaker and Tramba were good, 38 00:02:03,480 --> 00:02:07,000 Speaker 1: the Floor had a nice season. Fed Rich was fantastic. 39 00:02:07,160 --> 00:02:11,200 Speaker 1: I wonder if this had to do remember keep going here. 40 00:02:11,240 --> 00:02:14,800 Speaker 1: We got remember guys in the in the booth and 41 00:02:14,800 --> 00:02:18,600 Speaker 1: they got into a fight. Yes I do. Yeah, yes 42 00:02:18,639 --> 00:02:20,160 Speaker 1: I did. As a matter of fact, they got fired. 43 00:02:20,240 --> 00:02:24,239 Speaker 1: They both got fired. So I'm wondering now if this 44 00:02:24,639 --> 00:02:26,919 Speaker 1: kind of has something to do with it. That's why 45 00:02:26,680 --> 00:02:30,640 Speaker 1: any fisticuffs in this booth stays here. The Red Wings 46 00:02:30,639 --> 00:02:33,040 Speaker 1: and Tigers right now are on Fox Sports Detroit one 47 00:02:33,080 --> 00:02:36,359 Speaker 1: of those, uh, one of those that is up for 48 00:02:36,440 --> 00:02:39,400 Speaker 1: question right now and moving red. I hope they do it. 49 00:02:39,720 --> 00:02:43,040 Speaker 1: So I think it's well, then you got on subc 50 00:02:43,480 --> 00:02:46,239 Speaker 1: you got family back in Detroit bar How much would 51 00:02:46,240 --> 00:02:48,000 Speaker 1: they pay for this? How much are they okay with 52 00:02:48,040 --> 00:02:50,520 Speaker 1: a month paying for this added to their cable bill 53 00:02:50,639 --> 00:02:53,000 Speaker 1: if you added to the cable bill. Yeah, I think 54 00:02:53,000 --> 00:03:02,000 Speaker 1: they would pay maybe for this channel. Al Yeah, there 55 00:03:02,000 --> 00:03:04,079 Speaker 1: you go. They're gonna you came out. This thing is 56 00:03:04,120 --> 00:03:06,560 Speaker 1: gonna be like two to three buttons. Oh man, I 57 00:03:06,560 --> 00:03:08,680 Speaker 1: can see this, but don't see now. I gave him, 58 00:03:09,120 --> 00:03:12,680 Speaker 1: we got we got a subscriber in the barhouse. I 59 00:03:12,680 --> 00:03:14,639 Speaker 1: can see You're being written into the wheels right now. 60 00:03:16,000 --> 00:03:19,959 Speaker 1: All right, next topic, and this one is rather serious. 61 00:03:20,080 --> 00:03:23,359 Speaker 1: It's there was a decision in the n C double 62 00:03:23,440 --> 00:03:26,800 Speaker 1: a trial and Adida's executive to other insiders in the 63 00:03:26,960 --> 00:03:32,119 Speaker 1: college basketball recruiting world. We're convicted in a corruption case. Yeah. 64 00:03:32,120 --> 00:03:34,680 Speaker 1: Earlier this week in New York, you know, Judge Lewis 65 00:03:34,760 --> 00:03:39,600 Speaker 1: Kaplan finally ruled on this, this FBI bribery probe. Um, 66 00:03:39,640 --> 00:03:42,680 Speaker 1: not to the surprise of legal scholars. You know that 67 00:03:42,760 --> 00:03:44,839 Speaker 1: when the government brings trials like this, they usually win. 68 00:03:45,440 --> 00:03:48,000 Speaker 1: All three guys to two folks whould work with Adidas 69 00:03:48,000 --> 00:03:50,800 Speaker 1: and one who was kind of a middleman for for 70 00:03:50,840 --> 00:03:54,200 Speaker 1: an NBA agency. Um, all three of them found guilty 71 00:03:54,280 --> 00:03:59,000 Speaker 1: of wire fraud. The ball now shifts to the n 72 00:03:59,040 --> 00:04:01,600 Speaker 1: c A A. You can kind of make an argument 73 00:04:01,640 --> 00:04:04,560 Speaker 1: that that the government and then the court system now 74 00:04:04,680 --> 00:04:09,360 Speaker 1: is essentially making breaking rules of federal crime in some ways. 75 00:04:09,840 --> 00:04:11,320 Speaker 1: The n c A has always said, we have to 76 00:04:11,320 --> 00:04:14,280 Speaker 1: wait until the courts figured this out before we wait 77 00:04:14,400 --> 00:04:16,920 Speaker 1: in Over the course of the trial, as we've talked 78 00:04:16,920 --> 00:04:19,799 Speaker 1: about here, a lot of big name schools, big name coaches, 79 00:04:19,839 --> 00:04:23,880 Speaker 1: were at least mentioned in connection, may have known about 80 00:04:23,920 --> 00:04:26,159 Speaker 1: a lot of these payments. Now it's up to the 81 00:04:26,240 --> 00:04:28,520 Speaker 1: m c A to sort through all of this, uh 82 00:04:28,720 --> 00:04:31,440 Speaker 1: and decide who they want to punish, how they want 83 00:04:31,440 --> 00:04:33,479 Speaker 1: to punish them. What could go wrong? I mean, do 84 00:04:33,520 --> 00:04:34,560 Speaker 1: I have this right. No, I know, we don't have 85 00:04:34,560 --> 00:04:35,840 Speaker 1: a lot of time left because I haven't read my 86 00:04:35,920 --> 00:04:38,760 Speaker 1: Mike McCann yet. Because Mike tells me what to think 87 00:04:38,760 --> 00:04:40,960 Speaker 1: on these subjects, Do I have it right? And that, 88 00:04:41,040 --> 00:04:44,440 Speaker 1: in essence, the decision paints the schools as victims. Yeah, 89 00:04:44,520 --> 00:04:46,559 Speaker 1: that was the whole thing. That these guys are are 90 00:04:46,880 --> 00:04:52,120 Speaker 1: guilty of defrauding the universities by tricking them or you know, 91 00:04:52,240 --> 00:04:55,200 Speaker 1: falsely getting them to offer scholarships to people who would 92 00:04:55,200 --> 00:04:59,599 Speaker 1: be ineligible under n rules. Yes, and schools are the victims. 93 00:05:00,120 --> 00:05:03,039 Speaker 1: This next topic. I have to admit I'm excited about 94 00:05:03,040 --> 00:05:06,680 Speaker 1: it because I do like gambling. William Hill is going 95 00:05:06,760 --> 00:05:10,760 Speaker 1: to run a betting lounge right at Prudential Center, you know, 96 00:05:11,000 --> 00:05:14,160 Speaker 1: the home of the New Jersey Devils. Yeah, but they 97 00:05:14,200 --> 00:05:17,920 Speaker 1: still it's it's a betting lounge where they can't take 98 00:05:17,960 --> 00:05:20,599 Speaker 1: bets unless you do it on your mobile phone, which 99 00:05:20,600 --> 00:05:23,120 Speaker 1: you can do in your living room. So in essence, 100 00:05:23,160 --> 00:05:25,520 Speaker 1: they're telling me, let's go to the game, Come to 101 00:05:25,560 --> 00:05:28,280 Speaker 1: the game, hang out in the lounge. They'll have nice TVs. 102 00:05:28,680 --> 00:05:31,400 Speaker 1: Everything about it will be sports book except for the 103 00:05:31,400 --> 00:05:33,559 Speaker 1: fact that you can't go to go to the desk 104 00:05:33,600 --> 00:05:35,480 Speaker 1: and place the bet. You'll have to do it on 105 00:05:35,520 --> 00:05:37,640 Speaker 1: your mobile phone, which you can do anywhere in New Jersey. 106 00:05:37,640 --> 00:05:40,839 Speaker 1: Now that's true, but still, man, I mean they're just 107 00:05:40,880 --> 00:05:42,840 Speaker 1: waiting for the day when the league's okay it and 108 00:05:42,839 --> 00:05:44,839 Speaker 1: then it'll be turnkey and then you can walk to 109 00:05:44,839 --> 00:05:49,200 Speaker 1: the window and make your bet. Yeah, I mean, it's 110 00:05:48,960 --> 00:05:51,520 Speaker 1: it was the logical next step, especially in New Jersey. Yeah, 111 00:05:51,560 --> 00:05:54,880 Speaker 1: this is the first partnership between a sports betting house 112 00:05:55,040 --> 00:06:00,760 Speaker 1: and a US Sports League air sports team outside of Vegas, 113 00:06:00,760 --> 00:06:02,840 Speaker 1: no surprise to us. I think that the Devil's were 114 00:06:02,839 --> 00:06:04,600 Speaker 1: first here. You know, they're they're in New Jersey, which 115 00:06:04,600 --> 00:06:07,120 Speaker 1: was one of the first first status friend of the 116 00:06:07,120 --> 00:06:09,039 Speaker 1: Pod scott On. Heill loves to do these things first 117 00:06:09,200 --> 00:06:11,880 Speaker 1: that I don't know if this is going to change much, 118 00:06:12,080 --> 00:06:14,240 Speaker 1: but you know, the this is the future. Just like 119 00:06:14,279 --> 00:06:17,360 Speaker 1: we saw DraftKings and FanDuel opening lounges in arenas around 120 00:06:17,400 --> 00:06:20,120 Speaker 1: the country in the next five years, you know ten years, 121 00:06:20,160 --> 00:06:22,120 Speaker 1: we're going to see lounges in almost everything. Way to 122 00:06:22,160 --> 00:06:26,599 Speaker 1: take Jackson to a Devil's Red Wings game and say 123 00:06:26,800 --> 00:06:28,560 Speaker 1: come with a lowance, Son, I'm gonna teach you how 124 00:06:28,600 --> 00:06:30,880 Speaker 1: to push these buttons. I bet people will love it. 125 00:06:32,880 --> 00:06:38,240 Speaker 1: Okay anyway, thanks to Bloomberg Business of Sports report Evan W. Williams, 126 00:06:38,360 --> 00:06:41,360 Speaker 1: it was funny. You can follow him on Twitter and 127 00:06:41,760 --> 00:06:45,200 Speaker 1: no the underscore Williams, why do you promote that? Still? 128 00:06:45,600 --> 00:06:48,960 Speaker 1: I love it and it's got his matter? The man 129 00:06:49,000 --> 00:06:51,960 Speaker 1: bund the underscore Medina killing the game over here? You 130 00:06:52,000 --> 00:06:53,880 Speaker 1: know how, you know how every guy needs the help 131 00:06:54,120 --> 00:06:56,240 Speaker 1: of some woman out there's not afraid to tell him 132 00:06:56,279 --> 00:06:58,440 Speaker 1: the truth. And and I know I've seen you and 133 00:06:58,520 --> 00:07:00,560 Speaker 1: I've heard you try. Is it just that he's not 134 00:07:00,640 --> 00:07:03,040 Speaker 1: receptive or do you have to be more forceful? I 135 00:07:03,080 --> 00:07:07,000 Speaker 1: feel like I have to be more forceful. This an intervention. Guys. 136 00:07:11,680 --> 00:07:15,680 Speaker 1: You can follow me yes, of course, and you can 137 00:07:15,760 --> 00:07:18,800 Speaker 1: find me on Twitter at Big Bar Sports. We're here 138 00:07:18,840 --> 00:07:21,560 Speaker 1: each and every week this time, and catch our podcast. 139 00:07:21,840 --> 00:07:26,280 Speaker 1: We're available on Monday's, Wednesdays and Thursdays. Now, Scott and 140 00:07:26,320 --> 00:07:30,160 Speaker 1: I get into this week's interview with Dodgers CFO Tucker Kane. 141 00:07:30,400 --> 00:07:34,600 Speaker 1: Tucker enters this sixth year as the CFO of the 142 00:07:34,640 --> 00:07:38,480 Speaker 1: Los Angeles Dodgers and managing director of Guggenheim Baseball Management. 143 00:07:38,760 --> 00:07:41,200 Speaker 1: After leading the group's efforts to acquire the club and 144 00:07:41,240 --> 00:07:46,360 Speaker 1: the largest team sports transaction in history. In Kane was 145 00:07:46,400 --> 00:07:50,760 Speaker 1: instrumental in navigating the execution of the Dodgers twenty five 146 00:07:51,000 --> 00:07:55,240 Speaker 1: year agreement with Spectrum formerly Time Warner Cable, which included 147 00:07:55,280 --> 00:07:58,640 Speaker 1: the creation and operation of the team's regional sports network, 148 00:07:59,040 --> 00:08:04,080 Speaker 1: sports net Light. He also oversees the Dodgers Accelerator adventure 149 00:08:04,160 --> 00:08:08,880 Speaker 1: capital initiative launched in by the Dodger ownership group to 150 00:08:09,000 --> 00:08:12,680 Speaker 1: create and participate in value and growth in the sports 151 00:08:12,720 --> 00:08:15,280 Speaker 1: and entertainment industry. Well, even I need a breath, Tuck, 152 00:08:15,360 --> 00:08:17,960 Speaker 1: thanks so much for joining us. Appreciate it, Scott, happy 153 00:08:17,960 --> 00:08:20,320 Speaker 1: to be here. Excellent, excellent. I want to start with 154 00:08:20,560 --> 00:08:23,800 Speaker 1: the similarities between the two franchises in the Championship Series, 155 00:08:23,880 --> 00:08:26,880 Speaker 1: and from a business perspective, I love this the fact 156 00:08:26,920 --> 00:08:30,000 Speaker 1: that nobody's got a new stadium and yet you guys 157 00:08:30,080 --> 00:08:33,240 Speaker 1: make it work. That's do record these days is to 158 00:08:33,280 --> 00:08:37,800 Speaker 1: build these massive cash registers. However, with Fenway and Dodger Stadium, 159 00:08:37,960 --> 00:08:40,320 Speaker 1: that's really not an option. You gotta hold onto that history. 160 00:08:40,720 --> 00:08:44,760 Speaker 1: Yet both franchises seem to have made it work. Am 161 00:08:44,760 --> 00:08:48,439 Speaker 1: I right on that? Yeah? I think that's exactly right. Um, 162 00:08:48,640 --> 00:08:51,760 Speaker 1: I think we really, I think both organizations try to 163 00:08:51,800 --> 00:08:55,080 Speaker 1: take it has a pretty great opportunity for us to 164 00:08:55,160 --> 00:08:58,120 Speaker 1: take a building, um that has the history that each 165 00:08:58,160 --> 00:09:01,240 Speaker 1: of Fenway and Dodger Stadium have, you know, try to 166 00:09:01,280 --> 00:09:04,920 Speaker 1: do things where we can add some kind of you know, 167 00:09:05,040 --> 00:09:07,400 Speaker 1: up to date amenities for the fans and things that 168 00:09:07,480 --> 00:09:11,400 Speaker 1: fans expect, but try to keep that, uh, that historical 169 00:09:11,520 --> 00:09:14,800 Speaker 1: nostalgic feel the field that made these ballparks what they 170 00:09:14,800 --> 00:09:18,720 Speaker 1: are and what they've been historically. And actually, interestingly, we've 171 00:09:18,800 --> 00:09:22,720 Speaker 1: both leveraged a similar resource in that scenario. So Janet 172 00:09:22,760 --> 00:09:26,199 Speaker 1: Marie Smith, who runs all of our planning and developments 173 00:09:26,240 --> 00:09:29,520 Speaker 1: Dodger Stadium, has worked with the Red Sox in the past, 174 00:09:29,640 --> 00:09:33,280 Speaker 1: and I think, uh, that skill set has allowed each 175 00:09:33,320 --> 00:09:36,640 Speaker 1: of us to turn you know, pretty amazing historical venues 176 00:09:36,720 --> 00:09:42,040 Speaker 1: into modern, exciting, great places to watch a baseball game 177 00:09:42,120 --> 00:09:44,520 Speaker 1: that that hearkened back to the history of each of 178 00:09:44,520 --> 00:09:48,000 Speaker 1: the franchises and the cities and the relationships with the fans. 179 00:09:48,040 --> 00:09:51,400 Speaker 1: So it's a pretty pretty great opportunity, I think for 180 00:09:51,440 --> 00:09:53,200 Speaker 1: each of us, and a pretty fun thing to to 181 00:09:53,280 --> 00:09:55,680 Speaker 1: see each of these buildings lit up for for the 182 00:09:55,720 --> 00:09:58,440 Speaker 1: world series this year. Now, if you've ever been out there, 183 00:09:58,480 --> 00:10:00,079 Speaker 1: and those have not, there's a lot of lay in 184 00:10:00,280 --> 00:10:03,200 Speaker 1: around Dodger Stadium and that was part of the deal 185 00:10:03,280 --> 00:10:06,520 Speaker 1: when Guggenheim bought in. What's the long range plan? Where 186 00:10:06,559 --> 00:10:11,280 Speaker 1: do we stand with what's possible surrounding Dodger Stadium. Yeah, 187 00:10:11,320 --> 00:10:13,520 Speaker 1: you know, I think we're we're working through that as 188 00:10:13,559 --> 00:10:17,040 Speaker 1: of right now. UM. You know, it's it's obviously UM 189 00:10:17,480 --> 00:10:19,920 Speaker 1: a pretty great asset for us and our fans from 190 00:10:19,960 --> 00:10:23,280 Speaker 1: a parking perspective, given the way people get around Los 191 00:10:23,280 --> 00:10:26,920 Speaker 1: Angeles and getting them to Dodger Stadium. We're constantly thinking 192 00:10:26,960 --> 00:10:30,920 Speaker 1: about how to improve that and think about traffic and transportation, 193 00:10:31,000 --> 00:10:34,760 Speaker 1: and recently we've announced a couple of projects, one of 194 00:10:34,800 --> 00:10:39,240 Speaker 1: which is a an aerial tram from Union Station, which 195 00:10:39,280 --> 00:10:42,360 Speaker 1: is the main traffic public transportation hub in Los Angeles, 196 00:10:42,440 --> 00:10:47,280 Speaker 1: up to Dodger Stadium UM, which is in the process 197 00:10:47,320 --> 00:10:50,120 Speaker 1: with the City of l A and we're working through 198 00:10:50,160 --> 00:10:53,640 Speaker 1: all the various public agencies to to work on a 199 00:10:53,720 --> 00:10:57,600 Speaker 1: project like that, And then also recently announced the relationship 200 00:10:57,679 --> 00:11:01,760 Speaker 1: with the boring company to Zeelon Musk's company that does 201 00:11:02,600 --> 00:11:05,760 Speaker 1: UM these these high speed tunnels that they're working on 202 00:11:05,840 --> 00:11:08,400 Speaker 1: and working on in both l A and Chicago at 203 00:11:08,400 --> 00:11:10,960 Speaker 1: the moment, And you know, it's an exciting thing for 204 00:11:11,040 --> 00:11:12,920 Speaker 1: us to be able to to put a few of 205 00:11:12,920 --> 00:11:16,000 Speaker 1: those things in the pipeline and help mitigate some of 206 00:11:16,000 --> 00:11:19,040 Speaker 1: the traffic coming to Dodger Stadium and help us think 207 00:11:19,080 --> 00:11:21,760 Speaker 1: about how do we utilize the land around Dodger Stadium more. 208 00:11:21,840 --> 00:11:25,000 Speaker 1: Is a an amenity and a benefit to fans as 209 00:11:25,000 --> 00:11:29,520 Speaker 1: opposed to a place where they sit in traffic? Is there? Yeah? 210 00:11:29,559 --> 00:11:31,760 Speaker 1: But last time I left the stadium, I actually sat 211 00:11:31,800 --> 00:11:33,040 Speaker 1: with you during the game. It did take me a 212 00:11:33,080 --> 00:11:35,120 Speaker 1: couple hours they get back to Santa Monica. Thank you 213 00:11:35,200 --> 00:11:38,840 Speaker 1: very much. But is there a material, material change to 214 00:11:38,880 --> 00:11:41,640 Speaker 1: the business of the Dodgers if there is sort of 215 00:11:41,640 --> 00:11:45,360 Speaker 1: a hyper link between the West Side and the stadium? 216 00:11:45,440 --> 00:11:47,480 Speaker 1: You know, I I do think there is. You know, 217 00:11:47,640 --> 00:11:53,320 Speaker 1: I think there's unfortunately enough friction in that opportunity to 218 00:11:53,360 --> 00:11:55,960 Speaker 1: come out to the stadium that that we lose a 219 00:11:56,040 --> 00:11:59,640 Speaker 1: group that I think would be open, interested and excited 220 00:11:59,679 --> 00:12:03,400 Speaker 1: to to participate with us in Dodgers Baseball. So I 221 00:12:03,440 --> 00:12:06,400 Speaker 1: think that link is is going to be pretty hopefully 222 00:12:06,400 --> 00:12:10,880 Speaker 1: pretty opportunistic for us and and something that we're excited 223 00:12:11,040 --> 00:12:14,200 Speaker 1: with the prospects of obviously ways to go here to 224 00:12:14,200 --> 00:12:17,160 Speaker 1: to get that to come to fruition. But but the 225 00:12:17,160 --> 00:12:19,520 Speaker 1: hope is, you know, as always, is to try to 226 00:12:19,520 --> 00:12:23,320 Speaker 1: take as much friction out of the fan experience as 227 00:12:23,360 --> 00:12:25,520 Speaker 1: we can if we're if we're able to do that 228 00:12:25,600 --> 00:12:27,800 Speaker 1: and really let the game and the stadium as we 229 00:12:27,880 --> 00:12:31,560 Speaker 1: talked about, kind of stand for itself and and stand 230 00:12:31,600 --> 00:12:34,600 Speaker 1: on its own. We feel really confident in our ability 231 00:12:34,640 --> 00:12:38,000 Speaker 1: and the fans interest and in what we're doing. It's 232 00:12:38,040 --> 00:12:41,120 Speaker 1: it's when we add these friction points or not add, 233 00:12:41,120 --> 00:12:45,000 Speaker 1: but realistically have these friction points that exist in in 234 00:12:45,080 --> 00:12:49,120 Speaker 1: a city like Los Angeles, just from a infrastructure perspective, um, 235 00:12:49,160 --> 00:12:51,160 Speaker 1: if we can help solve that, we think there's some 236 00:12:51,160 --> 00:12:54,240 Speaker 1: some material upside in terms of who we bring into 237 00:12:54,240 --> 00:12:55,880 Speaker 1: the building, how we bring them into the building, and 238 00:12:55,920 --> 00:12:58,240 Speaker 1: what they're willing to do when they when they get there. 239 00:12:58,720 --> 00:13:02,240 Speaker 1: We're talking to Dodgers f Oh, Tucker Kane and I 240 00:13:02,240 --> 00:13:07,040 Speaker 1: want to talk about in sports history was made because 241 00:13:07,120 --> 00:13:11,719 Speaker 1: the Google Ein group came together and purchase the Dodgers 242 00:13:11,920 --> 00:13:15,959 Speaker 1: in in an incredible story. Is like we're talking when 243 00:13:16,000 --> 00:13:18,800 Speaker 1: we that's the one that crossed into the billions when 244 00:13:18,840 --> 00:13:21,880 Speaker 1: that happened, Can you tell us about that, uh, that 245 00:13:22,040 --> 00:13:26,320 Speaker 1: experience and how hard it was to put all that together. Yeah, 246 00:13:26,360 --> 00:13:29,760 Speaker 1: absolutely that that was a uh probably a once in 247 00:13:29,760 --> 00:13:34,160 Speaker 1: a lifetime opportunity, I hope from a media perspective, having 248 00:13:34,160 --> 00:13:37,719 Speaker 1: to cover it, I hope that's true, right, as you 249 00:13:37,760 --> 00:13:41,720 Speaker 1: can imagine. So, um, So obviously it was very um 250 00:13:41,880 --> 00:13:47,360 Speaker 1: well publicized. But the process through which that transaction happened, 251 00:13:47,840 --> 00:13:50,880 Speaker 1: um was was a pretty amazing one, just with the 252 00:13:50,920 --> 00:13:55,079 Speaker 1: amount of interest, um, with the circumstances surrounding it, through 253 00:13:55,120 --> 00:13:58,679 Speaker 1: the bankruptcy process and and you know, all those things 254 00:13:58,720 --> 00:14:02,160 Speaker 1: that that really led to to the to the sale 255 00:14:02,200 --> 00:14:05,280 Speaker 1: of the franchise, Bud Bud Ceiling, Bud Ceiling not allowing 256 00:14:05,320 --> 00:14:08,480 Speaker 1: Frank McCort's TV deal, which put the team in bankruptcy. 257 00:14:09,400 --> 00:14:13,200 Speaker 1: That's exactly right, And so you know, as we approached it, um, 258 00:14:13,200 --> 00:14:17,240 Speaker 1: it was really again once in a lifetime type of 259 00:14:17,240 --> 00:14:21,200 Speaker 1: of opportunity. And you are our perspectives, you don't get 260 00:14:21,200 --> 00:14:24,000 Speaker 1: the chance to to buy an asset of this nature 261 00:14:24,000 --> 00:14:26,920 Speaker 1: and this type very often, if if at all, And 262 00:14:26,920 --> 00:14:30,240 Speaker 1: and so we we really took as as you you saw, 263 00:14:30,640 --> 00:14:34,280 Speaker 1: you know, looking back, a pretty aggressive approach relative to 264 00:14:34,320 --> 00:14:38,160 Speaker 1: what we thought the kind of you know, a combination 265 00:14:38,200 --> 00:14:42,080 Speaker 1: of assets were worth. Right when you have a historic, iconic, 266 00:14:42,080 --> 00:14:45,480 Speaker 1: global franchise like the Dodgers at a time where uh, 267 00:14:45,520 --> 00:14:49,320 Speaker 1: sports television rights are are exploding, and there's you know, 268 00:14:49,480 --> 00:14:52,160 Speaker 1: the land asset we spoke about and some of the 269 00:14:52,200 --> 00:14:55,720 Speaker 1: opportunities we saw as we evaluated the business, um just 270 00:14:55,880 --> 00:15:00,000 Speaker 1: made it uh such an opportunity that that we thought 271 00:15:00,080 --> 00:15:02,040 Speaker 1: we were able to and and got to the point 272 00:15:02,040 --> 00:15:04,640 Speaker 1: where we were willing to pay uh the number that 273 00:15:04,720 --> 00:15:06,960 Speaker 1: we did. And and you know, a lot of people asked, 274 00:15:08,000 --> 00:15:09,840 Speaker 1: you know, how did you get their relative to some 275 00:15:09,920 --> 00:15:12,160 Speaker 1: of the reporting around some of the other bids, and 276 00:15:12,160 --> 00:15:14,280 Speaker 1: and really at the end of the day our perspectives, 277 00:15:14,320 --> 00:15:17,360 Speaker 1: we paid what we thought it was was worth and 278 00:15:17,360 --> 00:15:21,280 Speaker 1: and and we're willing to to step into that um 279 00:15:21,320 --> 00:15:24,800 Speaker 1: given the iconic nature and the the opportunity set that 280 00:15:24,800 --> 00:15:27,560 Speaker 1: that a franchise and brand and platform like the Dodgers 281 00:15:27,600 --> 00:15:32,920 Speaker 1: would create for for our owners. So it was a fascinating, exciting, 282 00:15:33,680 --> 00:15:38,280 Speaker 1: hectic process, UM, but one that you know has turned 283 00:15:38,280 --> 00:15:41,160 Speaker 1: out to be really really great and really exceeded our 284 00:15:41,640 --> 00:15:45,440 Speaker 1: expectations across the board in terms of the opportunity that 285 00:15:45,560 --> 00:15:47,560 Speaker 1: we had with the club and what we've been able 286 00:15:47,600 --> 00:15:50,520 Speaker 1: to do so far. We feel very fortunate to have 287 00:15:50,520 --> 00:15:55,120 Speaker 1: have really uh played that through after a pretty uh 288 00:15:55,720 --> 00:15:59,480 Speaker 1: wild wild purchase process. There we're chatting with Tucker Kane, 289 00:15:59,480 --> 00:16:02,440 Speaker 1: the CFO the Dodgers, and talking. You're a mild mannered guy, 290 00:16:02,640 --> 00:16:04,160 Speaker 1: but come on, give me a little I told you 291 00:16:04,240 --> 00:16:07,720 Speaker 1: so here because you know very well at that time 292 00:16:08,200 --> 00:16:11,680 Speaker 1: people heard two point one five billion dollars. I could 293 00:16:11,720 --> 00:16:14,640 Speaker 1: not find a banker and you know, they know everything. 294 00:16:15,200 --> 00:16:17,080 Speaker 1: I could not find a banker who thought this was 295 00:16:17,080 --> 00:16:21,440 Speaker 1: a good deal. Yeah, no, I mean that was definitely 296 00:16:21,480 --> 00:16:26,320 Speaker 1: the uh the perspective. You know. You you want to 297 00:16:26,360 --> 00:16:28,240 Speaker 1: say you told you so. I'm not sure, you know, 298 00:16:28,600 --> 00:16:30,440 Speaker 1: because I'm sure there'll be another one on the other 299 00:16:30,480 --> 00:16:35,240 Speaker 1: side where smart man, smart man, same people on the 300 00:16:35,280 --> 00:16:38,160 Speaker 1: way up is the way down exactly. But but at 301 00:16:38,160 --> 00:16:41,320 Speaker 1: the same time, you know, the the opportunity that existed, 302 00:16:41,640 --> 00:16:45,800 Speaker 1: you know, we we we kind of challenged ourselves and 303 00:16:46,280 --> 00:16:49,440 Speaker 1: reviewed our our work, you know, more times than you 304 00:16:49,520 --> 00:16:52,960 Speaker 1: might otherwise, just because of the the size and scope 305 00:16:53,000 --> 00:16:55,920 Speaker 1: and kind of the relative expectation that was in the market. 306 00:16:55,960 --> 00:16:59,080 Speaker 1: But you know, we really took a hard look at 307 00:16:59,360 --> 00:17:04,400 Speaker 1: the market, ace the media landscape, the potential media partners, 308 00:17:04,520 --> 00:17:07,719 Speaker 1: the opportunity to create a competitive bidding process around the 309 00:17:07,800 --> 00:17:11,199 Speaker 1: local television rights, and then also thinking about what that 310 00:17:11,280 --> 00:17:16,440 Speaker 1: franchise with the Los Angeles Dodgers mean to baseball US, 311 00:17:16,520 --> 00:17:21,320 Speaker 1: domestic sports and global sports, and if we could strike 312 00:17:21,359 --> 00:17:24,679 Speaker 1: the right chord, put the right plan in place, build it, 313 00:17:24,760 --> 00:17:27,520 Speaker 1: you know, the right way from a player site scouting 314 00:17:27,520 --> 00:17:30,240 Speaker 1: and player development and really you know, investing in the 315 00:17:30,280 --> 00:17:33,440 Speaker 1: long term future and sustainable success. You know, we saw 316 00:17:33,640 --> 00:17:36,080 Speaker 1: just a lot a lot of upside that hadn't been 317 00:17:36,080 --> 00:17:38,600 Speaker 1: taffed for whatever reason or whatever right of reasons that 318 00:17:38,640 --> 00:17:42,119 Speaker 1: may be UM, and we were willing to to step 319 00:17:42,160 --> 00:17:44,960 Speaker 1: into that. And and you know, bet on ourselves a 320 00:17:45,000 --> 00:17:46,720 Speaker 1: little bit. We thought we had a really good team 321 00:17:46,760 --> 00:17:49,760 Speaker 1: with you know, stand Casting, the president CEO of the team, 322 00:17:49,800 --> 00:17:53,000 Speaker 1: who's a you know, a legendary sports executive, and somebody 323 00:17:53,000 --> 00:17:55,240 Speaker 1: who who you know, had a plan and a vision 324 00:17:55,280 --> 00:17:58,280 Speaker 1: and with the resources available from our ownership group, we 325 00:17:58,359 --> 00:18:02,560 Speaker 1: just thought that combination and was something that was really unique. 326 00:18:03,160 --> 00:18:05,560 Speaker 1: UM really you know, put us in a position to 327 00:18:05,560 --> 00:18:08,720 Speaker 1: take advantage of all those opportunities, and and we're willing 328 00:18:08,800 --> 00:18:11,280 Speaker 1: to to make sure that it was us that got 329 00:18:11,280 --> 00:18:14,119 Speaker 1: to pursue that as opposed to somebody else. And a 330 00:18:14,160 --> 00:18:16,560 Speaker 1: lot of credit obviously to Mark Walter, our our chairman 331 00:18:16,600 --> 00:18:19,840 Speaker 1: and primary owner, for for seeing that value and and 332 00:18:19,960 --> 00:18:24,280 Speaker 1: you know, making uh, you know, an aggressive and strong 333 00:18:24,400 --> 00:18:27,199 Speaker 1: push to to buy the team, which resulted in in 334 00:18:27,359 --> 00:18:31,920 Speaker 1: us being here today. So so it's been a fantastic 335 00:18:32,119 --> 00:18:34,919 Speaker 1: journey and and started a place of you know, a 336 00:18:34,920 --> 00:18:37,399 Speaker 1: lot of questions and doubts, and I think we've been 337 00:18:37,440 --> 00:18:40,400 Speaker 1: able to, uh to answer a lot of those questions 338 00:18:40,440 --> 00:18:43,880 Speaker 1: and doubts and and put ourselves in a position where, uh, 339 00:18:43,880 --> 00:18:45,720 Speaker 1: this is a platform that we're going to continue to 340 00:18:45,760 --> 00:18:49,119 Speaker 1: try to grow and build and and uh and and 341 00:18:49,160 --> 00:18:52,600 Speaker 1: take advantage of. We're chatting with Tucker Kane, the CFO 342 00:18:52,640 --> 00:18:54,160 Speaker 1: of the Dodgers, and I think you're gonna be able 343 00:18:54,160 --> 00:18:55,680 Speaker 1: to answer this talk in Michael Barr, I want to 344 00:18:55,680 --> 00:18:57,239 Speaker 1: see if you know it. You know how I know 345 00:18:57,800 --> 00:19:01,360 Speaker 1: that standcasting is is sort of the one of the 346 00:19:01,400 --> 00:19:04,919 Speaker 1: most respected sports executives out there. Do you know how 347 00:19:04,960 --> 00:19:11,840 Speaker 1: I know that to How's that Stan told me? Silence 348 00:19:11,880 --> 00:19:14,800 Speaker 1: on that side of the phone, silence on that side 349 00:19:14,800 --> 00:19:18,840 Speaker 1: of the phone, if you can back it up. You know, 350 00:19:21,760 --> 00:19:23,440 Speaker 1: I want to ask I want to go back to 351 00:19:23,720 --> 00:19:27,520 Speaker 1: the dugout loop that you have with Elon Musk. And 352 00:19:27,560 --> 00:19:31,520 Speaker 1: one thing that people may not be aware of this 353 00:19:31,520 --> 00:19:36,240 Speaker 1: this loop is zero emissions, which you know, obviously for 354 00:19:36,280 --> 00:19:40,800 Speaker 1: California that's a great thing it is, and and actually 355 00:19:40,800 --> 00:19:43,560 Speaker 1: the the aerial tram I mentioned earlier is as well. 356 00:19:43,680 --> 00:19:46,640 Speaker 1: So it was really important for us to not only 357 00:19:46,680 --> 00:19:51,879 Speaker 1: find transportation alternatives. Um. You know, as Scott mentioned, you know, 358 00:19:52,080 --> 00:19:55,719 Speaker 1: it can be very tough, especially for big marquee events 359 00:19:55,760 --> 00:19:58,199 Speaker 1: like the ones we're gonna uh you know we've been 360 00:19:58,240 --> 00:20:02,480 Speaker 1: hosting this year. Um, it can be very very difficult. 361 00:20:02,560 --> 00:20:05,280 Speaker 1: So that the primary initiative obviously is to find alternatives 362 00:20:05,280 --> 00:20:08,800 Speaker 1: from a transportation perspective. But you know it's been really 363 00:20:09,080 --> 00:20:11,879 Speaker 1: you know, kind of great for us and beneficial and 364 00:20:12,200 --> 00:20:14,320 Speaker 1: something we're very proud of that we've been able to 365 00:20:14,400 --> 00:20:18,440 Speaker 1: find a few options that are uh no admission um 366 00:20:18,560 --> 00:20:22,239 Speaker 1: and can be you know, really additive to to the 367 00:20:22,359 --> 00:20:25,480 Speaker 1: to the community and not you know, continuing to to 368 00:20:25,640 --> 00:20:27,359 Speaker 1: pile on some of the effects and some of the 369 00:20:27,400 --> 00:20:30,000 Speaker 1: issues that already exists in the city of l A 370 00:20:30,160 --> 00:20:34,480 Speaker 1: and and more broadly so. Um So it's a really exciting, 371 00:20:34,920 --> 00:20:38,080 Speaker 1: uh piece of of of our future here. You know, 372 00:20:38,119 --> 00:20:41,199 Speaker 1: I think is as we've tried to articulate the folks 373 00:20:41,200 --> 00:20:45,280 Speaker 1: and live day to day, we try to be as thoughtful, innovative, 374 00:20:45,320 --> 00:20:48,320 Speaker 1: forward thinking as we can. I think that's our obligation 375 00:20:48,440 --> 00:20:51,080 Speaker 1: from a you know, running an organization that you know, 376 00:20:51,080 --> 00:20:53,800 Speaker 1: brought Jackie Robinson into Major League Baseball and all the 377 00:20:53,840 --> 00:20:58,439 Speaker 1: other kind of social and pop culture influences that you know, 378 00:20:58,440 --> 00:21:01,080 Speaker 1: the Dodgers as a brand have had historically. And if 379 00:21:01,080 --> 00:21:05,480 Speaker 1: we can keep that that thoughtful, forward thinking, innovative perspective 380 00:21:06,200 --> 00:21:08,199 Speaker 1: um and be willing to try and be willing to 381 00:21:08,240 --> 00:21:11,199 Speaker 1: test and work on some of these things, um I 382 00:21:11,240 --> 00:21:14,080 Speaker 1: think it gives us a really great spot to be 383 00:21:14,160 --> 00:21:16,639 Speaker 1: in and and and innovate and push forward. And the 384 00:21:16,720 --> 00:21:19,320 Speaker 1: dugout loop and and the aerial tram are are two 385 00:21:19,320 --> 00:21:22,199 Speaker 1: of those, uh, those things that we're excited to be 386 00:21:22,320 --> 00:21:26,120 Speaker 1: pursuing and putting our kind of full weight and and 387 00:21:26,280 --> 00:21:28,840 Speaker 1: resources behind. Speaking of innovation, bar, you know how we 388 00:21:28,880 --> 00:21:31,040 Speaker 1: always talk about on this show that these teams are 389 00:21:31,040 --> 00:21:33,600 Speaker 1: ten poles for something media, real estate. It's all that 390 00:21:33,680 --> 00:21:37,280 Speaker 1: for the Dodgers, but there's also the Global Sports Venture Studio, 391 00:21:37,280 --> 00:21:39,600 Speaker 1: which you may not know, the Dodgers serve as an 392 00:21:39,640 --> 00:21:44,520 Speaker 1: incubator for other companies and then they can utilize whatever 393 00:21:44,560 --> 00:21:48,440 Speaker 1: that product maybe or technology for good of the Dodgers 394 00:21:48,440 --> 00:21:51,600 Speaker 1: to global scale. How many how many companies now talk? 395 00:21:51,640 --> 00:21:54,600 Speaker 1: Where where does the Venture Studio stand these days? Yeah, 396 00:21:54,640 --> 00:21:57,480 Speaker 1: so we're up to about thirty companies UM, which we're 397 00:21:57,520 --> 00:22:01,560 Speaker 1: really proud of and excited about UM. And so you know, 398 00:22:01,680 --> 00:22:04,000 Speaker 1: it's a it's an initiative that was born out of 399 00:22:04,320 --> 00:22:07,640 Speaker 1: out of curiosity. Quite frankly, I think, you know, as 400 00:22:07,680 --> 00:22:10,560 Speaker 1: we came in in two thousand and twelve and started 401 00:22:10,600 --> 00:22:13,199 Speaker 1: thinking about where does this business go, and where does 402 00:22:13,240 --> 00:22:15,040 Speaker 1: our industry go? And how do we make sure we 403 00:22:15,119 --> 00:22:19,600 Speaker 1: stay relevant and top of mind and and and uh 404 00:22:19,400 --> 00:22:22,520 Speaker 1: uh in our our customers and fans UM day to 405 00:22:22,600 --> 00:22:27,439 Speaker 1: day lives. We recognize the technology is something that's that's changing, 406 00:22:27,480 --> 00:22:29,479 Speaker 1: that changing the day to day lives of our fans, 407 00:22:29,480 --> 00:22:34,120 Speaker 1: and it's something that's giving them better, you know, experiences, 408 00:22:34,119 --> 00:22:36,840 Speaker 1: more real time experiences, more diversity of choice and all 409 00:22:36,840 --> 00:22:39,720 Speaker 1: those things. And and so we recognize we had to 410 00:22:39,960 --> 00:22:45,280 Speaker 1: institutionalize our our relationship to innovation and change and technology 411 00:22:45,320 --> 00:22:47,960 Speaker 1: and and given the background of our ownership group as 412 00:22:48,040 --> 00:22:52,280 Speaker 1: investors and and and entrepreneurs themselves, we thought an incredible 413 00:22:52,280 --> 00:22:55,920 Speaker 1: place to start would be with startup companies that are 414 00:22:56,040 --> 00:22:59,560 Speaker 1: thinking about sports and entertainment. They're thinking about the problems 415 00:22:59,600 --> 00:23:02,360 Speaker 1: and oper coptunities that exist and how can technology help, 416 00:23:03,200 --> 00:23:06,119 Speaker 1: uh impact and influence those And it's actually a pretty 417 00:23:06,119 --> 00:23:10,360 Speaker 1: fascinating thing. When you ask other people what your problems are, 418 00:23:11,400 --> 00:23:14,320 Speaker 1: the responses you get back can be pretty pretty fast. 419 00:23:14,520 --> 00:23:16,840 Speaker 1: I do not ask other people what my problems are. 420 00:23:16,960 --> 00:23:20,240 Speaker 1: I am afraid. Are you tried once? Yeah? We shut 421 00:23:20,280 --> 00:23:25,720 Speaker 1: that down? Yeah yeah, So to hear so, to hear 422 00:23:25,760 --> 00:23:28,920 Speaker 1: that back and get that intel, get that information and 423 00:23:29,320 --> 00:23:32,400 Speaker 1: have a process through which which you know, started as 424 00:23:32,400 --> 00:23:36,800 Speaker 1: our Dodger Accelerator and is now iterated into the Global 425 00:23:36,840 --> 00:23:39,800 Speaker 1: Sports Venture Studio UM. I think has just given us 426 00:23:39,800 --> 00:23:43,520 Speaker 1: a chance to be much more open minded, much more 427 00:23:43,640 --> 00:23:47,360 Speaker 1: uh uh, you know, real time and our reactions and 428 00:23:47,359 --> 00:23:50,560 Speaker 1: and deploy some of these these technologies into Dodger Stadium, 429 00:23:50,600 --> 00:23:53,560 Speaker 1: into our player development system, into the various things that 430 00:23:53,600 --> 00:23:56,719 Speaker 1: we do on a day's a basis, and then you know, 431 00:23:56,920 --> 00:24:00,800 Speaker 1: having the expectation or thought that those things, if they 432 00:24:00,800 --> 00:24:03,399 Speaker 1: work for us, could scale more broadly, and how do 433 00:24:03,440 --> 00:24:05,679 Speaker 1: we take advantage of that and participate in that and 434 00:24:05,720 --> 00:24:09,320 Speaker 1: help facilitate it. Um And so investing in these businesses 435 00:24:09,440 --> 00:24:11,280 Speaker 1: seem to make all the sense in the world to us. 436 00:24:11,320 --> 00:24:14,600 Speaker 1: And and so we're there, um, you know, doing the 437 00:24:14,600 --> 00:24:18,200 Speaker 1: best we can. The thirty companies and the the nine 438 00:24:18,760 --> 00:24:21,480 Speaker 1: partners we've brought into the Global Sports Venture Studio we 439 00:24:21,520 --> 00:24:24,360 Speaker 1: think really put us in a position to to execute there. 440 00:24:24,760 --> 00:24:28,440 Speaker 1: You mentioned about Jackie Robinson and I on his birthday 441 00:24:28,480 --> 00:24:31,479 Speaker 1: on April fift they wear the number forty two, and 442 00:24:31,560 --> 00:24:34,600 Speaker 1: I know for a fact that I will never forget 443 00:24:34,720 --> 00:24:39,359 Speaker 1: that day because that's my birthday. Also at case you 444 00:24:39,359 --> 00:24:41,280 Speaker 1: didn't know that, did not you didn't know that? I 445 00:24:41,280 --> 00:24:46,200 Speaker 1: thought you were forty two years old? No, no, yea 446 00:24:48,640 --> 00:24:53,840 Speaker 1: zero the internet. Well, I'm bringing up about Jackie Robinson 447 00:24:53,880 --> 00:24:57,040 Speaker 1: because one of the things that I'm big on in 448 00:24:57,119 --> 00:25:02,000 Speaker 1: any professional sporting team or whatever is encouraging the youth 449 00:25:02,680 --> 00:25:06,520 Speaker 1: to one playing the game and to know a bit 450 00:25:06,520 --> 00:25:09,159 Speaker 1: about the history of the game. Can you can you 451 00:25:09,200 --> 00:25:11,720 Speaker 1: tell us more about how the Dodgers trying to encourage 452 00:25:12,560 --> 00:25:15,600 Speaker 1: the youth out there about playing baseball and what it's 453 00:25:15,600 --> 00:25:19,520 Speaker 1: all about. Yeah. Absolutely, I couldn't agree with you more. 454 00:25:19,680 --> 00:25:22,600 Speaker 1: By the way, on on young kids learning the game, 455 00:25:22,880 --> 00:25:26,359 Speaker 1: learning how you play it, learning the nuances, learning the history. 456 00:25:27,320 --> 00:25:31,679 Speaker 1: I think those are incredibly powerful, not only as baseball fans, 457 00:25:31,720 --> 00:25:33,760 Speaker 1: but I think as you learn life lessons and as 458 00:25:33,760 --> 00:25:37,440 Speaker 1: you you think about becoming a growing up and becoming 459 00:25:37,480 --> 00:25:40,280 Speaker 1: a you know, productive adult in society and learning the 460 00:25:40,320 --> 00:25:41,879 Speaker 1: teamwork and all the things that come with it are 461 00:25:42,000 --> 00:25:44,359 Speaker 1: are super valuable. So I agree complete with lee with 462 00:25:44,400 --> 00:25:47,240 Speaker 1: you there. Um. We we've done a couple of things 463 00:25:47,400 --> 00:25:49,040 Speaker 1: on this front, and I gotta give a lot of 464 00:25:49,040 --> 00:25:53,920 Speaker 1: credit um to our foundation, our executive director, Nicole Whiteman, 465 00:25:53,960 --> 00:25:58,639 Speaker 1: and in the Los Angeles Dodgers Foundation, who run a 466 00:25:58,680 --> 00:26:03,119 Speaker 1: program in conjunction with League Baseball RBI revitalizing baseball and 467 00:26:03,160 --> 00:26:07,080 Speaker 1: inner cities. Um. And last year. Uh, and she'd do 468 00:26:07,160 --> 00:26:08,840 Speaker 1: better with the stats, and I will, but I think 469 00:26:08,840 --> 00:26:12,840 Speaker 1: we got almost ten thousand kids from underserved communities playing 470 00:26:12,880 --> 00:26:16,040 Speaker 1: baseball and coming through that program. And so those types 471 00:26:16,040 --> 00:26:18,800 Speaker 1: of things where we create opportunities for folks that may 472 00:26:18,800 --> 00:26:21,760 Speaker 1: not have it otherwise we can provide the the equipment 473 00:26:21,760 --> 00:26:23,920 Speaker 1: in the field space and and all of those things. 474 00:26:23,920 --> 00:26:28,720 Speaker 1: The Foundations also built fifty UH Dodger Dream Fields, so 475 00:26:28,720 --> 00:26:32,280 Speaker 1: so baseball fields, baseball diamonds, and softball diamonds and in 476 00:26:32,359 --> 00:26:36,040 Speaker 1: the inner city UH areas in Los Angeles, and just 477 00:26:36,040 --> 00:26:39,080 Speaker 1: made another commitment to build another twenty five um so 478 00:26:39,200 --> 00:26:43,960 Speaker 1: really impactful, amazing things. We're teaching and getting our players 479 00:26:43,960 --> 00:26:47,040 Speaker 1: and our former players and out into the community to 480 00:26:47,119 --> 00:26:50,320 Speaker 1: teach the game and and help spread the word and 481 00:26:50,320 --> 00:26:52,359 Speaker 1: and bring some of the history of the Dodger organization. 482 00:26:52,440 --> 00:26:56,640 Speaker 1: Then recently we also announced a partnership with Nomar Garcia 483 00:26:56,720 --> 00:26:59,520 Speaker 1: Para and his partner erin Trolia who is a former 484 00:27:00,200 --> 00:27:03,960 Speaker 1: minor league picture who have who have built a pretty 485 00:27:03,960 --> 00:27:08,560 Speaker 1: incredible academy training program and it's a it's a local 486 00:27:09,119 --> 00:27:12,400 Speaker 1: academy training program where it's it's you know, it targeted 487 00:27:12,440 --> 00:27:16,000 Speaker 1: to uh two relatively small uh you know kind of 488 00:27:16,080 --> 00:27:20,280 Speaker 1: radius around a particular facility. UM, and it's really focused 489 00:27:20,280 --> 00:27:23,320 Speaker 1: on on instruction. UM. You know, there are a lot 490 00:27:23,400 --> 00:27:26,520 Speaker 1: of really great well to do parents and people that 491 00:27:26,560 --> 00:27:29,800 Speaker 1: are trying to to coach their kids playing baseball and 492 00:27:29,840 --> 00:27:33,200 Speaker 1: softball all over the country. But can we really inject 493 00:27:34,240 --> 00:27:37,360 Speaker 1: a level of instruction from the folks, you know, like 494 00:27:37,400 --> 00:27:39,320 Speaker 1: a Nomar Garcia part of the people have been there, 495 00:27:39,320 --> 00:27:42,240 Speaker 1: who understand the game, who really can teach the core 496 00:27:42,359 --> 00:27:45,200 Speaker 1: skill set. UM. Because we think that's not only gonna 497 00:27:45,359 --> 00:27:48,920 Speaker 1: add create a better experience, it's going to create longevity 498 00:27:49,040 --> 00:27:51,800 Speaker 1: and and and you know, reduce attrition out of the sport, 499 00:27:52,200 --> 00:27:55,200 Speaker 1: create a more direct relationship. We're gonna call that the 500 00:27:55,240 --> 00:27:59,120 Speaker 1: Dodger Training Academy in l A. UM so create even 501 00:27:59,119 --> 00:28:02,480 Speaker 1: better relationship with the Major League club, just to really 502 00:28:03,000 --> 00:28:07,080 Speaker 1: build on on some of historical and and uh innovative 503 00:28:07,080 --> 00:28:09,320 Speaker 1: things that have happened in the in the organization, and 504 00:28:09,640 --> 00:28:12,280 Speaker 1: build it all around the sport um, you know, baseball 505 00:28:12,359 --> 00:28:15,520 Speaker 1: and softball. So it's pretty exciting time for us. Something 506 00:28:15,560 --> 00:28:19,200 Speaker 1: we think is hugely important as we move forward, um 507 00:28:19,520 --> 00:28:21,760 Speaker 1: and uh and something we're spent a lot of time 508 00:28:21,760 --> 00:28:24,080 Speaker 1: and resource against it. Techer, let me bring this back 509 00:28:24,119 --> 00:28:26,919 Speaker 1: to one of the most talked about business aspects of 510 00:28:26,920 --> 00:28:28,879 Speaker 1: the Dodgers, and that's the lack of distribution from the 511 00:28:28,920 --> 00:28:31,879 Speaker 1: TV deal. I know it's the Bana standcasting's existence, but 512 00:28:32,200 --> 00:28:34,040 Speaker 1: and I don't know if you guys can say this, 513 00:28:34,280 --> 00:28:38,200 Speaker 1: but I haven't seen any material damage to the Dodger brand. 514 00:28:38,560 --> 00:28:40,680 Speaker 1: People go here on the World Series you're winning. I 515 00:28:40,720 --> 00:28:43,560 Speaker 1: mean that cures a lot of ills. But has there 516 00:28:43,640 --> 00:28:47,680 Speaker 1: been any material damage to the Dodger brand not being 517 00:28:47,720 --> 00:28:50,720 Speaker 1: fully distributed? Of course you'd like to and you want 518 00:28:50,760 --> 00:28:55,840 Speaker 1: them to shoot your games, but has there been in damage? Yeah, 519 00:28:55,920 --> 00:28:58,000 Speaker 1: you know, it's it's It would be really hard to 520 00:28:58,040 --> 00:29:01,080 Speaker 1: say there there's been none. Um. I think you know, 521 00:29:01,960 --> 00:29:04,640 Speaker 1: us being in front of our our fans and and 522 00:29:04,880 --> 00:29:08,080 Speaker 1: showing our product and showing these amazing players that we have, 523 00:29:08,240 --> 00:29:11,120 Speaker 1: they've been performing at levels that you know, the Dodger 524 00:29:11,480 --> 00:29:14,840 Speaker 1: franchise has never seen before. Um is really a shame 525 00:29:14,920 --> 00:29:18,160 Speaker 1: and something that we're you know, really uh as you 526 00:29:18,480 --> 00:29:20,680 Speaker 1: as you point out out at the bane of of 527 00:29:20,880 --> 00:29:24,400 Speaker 1: stands uh existence at the moment, all of ours, and 528 00:29:24,640 --> 00:29:27,320 Speaker 1: it's something that we you know, works as hard as 529 00:29:27,400 --> 00:29:29,600 Speaker 1: we can, as diligently we can with our partners. And 530 00:29:30,080 --> 00:29:35,120 Speaker 1: you know, there's a landscape that's moving pretty rapidly around us. 531 00:29:35,240 --> 00:29:37,120 Speaker 1: Right as you think about the media landscape and the 532 00:29:37,160 --> 00:29:40,760 Speaker 1: consolidation of a bunch of these uh, these companies and 533 00:29:41,080 --> 00:29:43,880 Speaker 1: how they're thinking about content and you know, the the 534 00:29:44,040 --> 00:29:46,719 Speaker 1: rise of over the top distribution and there's a lot 535 00:29:46,800 --> 00:29:51,680 Speaker 1: of of moving pieces that um we're kind of caught 536 00:29:51,720 --> 00:29:53,920 Speaker 1: in the middle of at the moment, and how those 537 00:29:54,000 --> 00:29:58,200 Speaker 1: play out is something we're trying to better understand. We're 538 00:29:58,240 --> 00:30:01,160 Speaker 1: trying to see if we can't help influence to a 539 00:30:01,320 --> 00:30:04,960 Speaker 1: to a place where it will lead to distribution of 540 00:30:05,320 --> 00:30:08,880 Speaker 1: of the uh of the Dodging broadcast across all of 541 00:30:09,200 --> 00:30:11,680 Speaker 1: Los Angeles. But so it would be hard to say 542 00:30:11,760 --> 00:30:15,320 Speaker 1: there's no IMPACTUM. We do. We've been blessed and we're 543 00:30:15,400 --> 00:30:18,040 Speaker 1: lucky to have the type of fan base that we 544 00:30:18,120 --> 00:30:20,040 Speaker 1: do that comes out and the numbers they do and 545 00:30:20,160 --> 00:30:22,440 Speaker 1: engage with us in the the way they do, and 546 00:30:22,520 --> 00:30:28,000 Speaker 1: the excitement and um uh and relationship we have with 547 00:30:28,040 --> 00:30:30,960 Speaker 1: our fan bases, you know, especially at Dodger stadiums in 548 00:30:31,040 --> 00:30:34,520 Speaker 1: all time high um. But it's something that we need 549 00:30:34,640 --> 00:30:36,800 Speaker 1: to address and we need to continue to work on 550 00:30:36,960 --> 00:30:40,800 Speaker 1: and we're hopeful that that will make progress here. But 551 00:30:40,920 --> 00:30:43,160 Speaker 1: it has gone on long longer than we would have 552 00:30:43,280 --> 00:30:47,280 Speaker 1: liked and obviously and and hoped, so UM something we 553 00:30:47,360 --> 00:30:49,160 Speaker 1: need to continue to work as best we can to 554 00:30:49,320 --> 00:30:52,120 Speaker 1: to find a solution to because over time, we need 555 00:30:52,200 --> 00:30:53,880 Speaker 1: to be in front of all of our our fans, 556 00:30:53,880 --> 00:30:56,080 Speaker 1: who need to be in front of kids who are 557 00:30:56,160 --> 00:30:59,520 Speaker 1: thinking about sports and what they care about and what's 558 00:30:59,520 --> 00:31:02,160 Speaker 1: interesting to them. And if we're not in that conversation, 559 00:31:02,280 --> 00:31:05,720 Speaker 1: that's that that's a long term problem for us and 560 00:31:05,840 --> 00:31:08,480 Speaker 1: something we're gonna need to address. Okay, speaking long term, 561 00:31:08,840 --> 00:31:11,760 Speaker 1: a while back, the ownership said it was considering bringing 562 00:31:11,800 --> 00:31:14,440 Speaker 1: on some investors. Can you bring us up to the 563 00:31:14,520 --> 00:31:17,160 Speaker 1: state of where is that process and anybody interesting in 564 00:31:17,200 --> 00:31:21,440 Speaker 1: the pipeline? Yeah, you know, it's something that we thought 565 00:31:21,520 --> 00:31:25,560 Speaker 1: really made sense to do and something I imagine will 566 00:31:25,640 --> 00:31:29,240 Speaker 1: be executed on. Um. The nice thing is it's not 567 00:31:29,400 --> 00:31:35,000 Speaker 1: a requirement. It's more of an opportunity to bring other smart, thoughtful, 568 00:31:35,200 --> 00:31:39,160 Speaker 1: great people into the to the group and help drive value. 569 00:31:39,240 --> 00:31:42,160 Speaker 1: And so you know, it's something we kind of continue 570 00:31:42,200 --> 00:31:44,560 Speaker 1: to think about and and work on. You know, I 571 00:31:44,600 --> 00:31:47,280 Speaker 1: don't have anything at the moment to to to kind 572 00:31:47,320 --> 00:31:50,720 Speaker 1: of talk about or from a specific or individual perspective, 573 00:31:50,880 --> 00:31:53,920 Speaker 1: but um, I would expect us to continue down that path. 574 00:31:54,080 --> 00:31:56,840 Speaker 1: And and it's it's a nice position to be where 575 00:31:56,840 --> 00:31:59,520 Speaker 1: you can find people that you like that that you know, 576 00:31:59,640 --> 00:32:01,840 Speaker 1: work with to our our ownership group, can add value 577 00:32:01,880 --> 00:32:04,640 Speaker 1: to the ownership group and and really uh, you know, 578 00:32:04,760 --> 00:32:07,560 Speaker 1: help us progress and move forward as opposed to being 579 00:32:08,320 --> 00:32:12,840 Speaker 1: you know, just about a dollar amount or anything like that. So, um, 580 00:32:13,160 --> 00:32:15,560 Speaker 1: so that's something that that we're working on at. Nothing 581 00:32:15,560 --> 00:32:17,680 Speaker 1: to announce at the moment, but I wouldn't be surprised 582 00:32:17,680 --> 00:32:20,880 Speaker 1: if something does get announced in the next you know, 583 00:32:20,960 --> 00:32:22,720 Speaker 1: this offseason, I would imagine we'll be a place for 584 00:32:22,800 --> 00:32:25,160 Speaker 1: that will ramp up a little bit more as we 585 00:32:25,200 --> 00:32:27,840 Speaker 1: have more time and attention to focus on on our 586 00:32:28,040 --> 00:32:32,320 Speaker 1: our ownership and partner group. Tucker Kane the CFO of 587 00:32:32,520 --> 00:32:35,160 Speaker 1: the Los Angeles Dodgers, the same team that gave Greg 588 00:32:35,360 --> 00:32:39,400 Speaker 1: Brady the big Head. Remember that? Remember that Remember that 589 00:32:39,560 --> 00:32:43,160 Speaker 1: Don d in school? It was dating the teacher. No, 590 00:32:43,360 --> 00:32:45,760 Speaker 1: that was another episode. This was the one this well yeah, 591 00:32:45,760 --> 00:32:47,880 Speaker 1: you're right, that was the one where he was dating. Yeah. Anyway, 592 00:32:47,960 --> 00:32:49,640 Speaker 1: so he told, you know, all of a sudden, now 593 00:32:49,720 --> 00:32:52,240 Speaker 1: Greg is thinking bonus baby and all of that. That's 594 00:32:53,600 --> 00:32:56,120 Speaker 1: unfortunately for your talker, I mean, as great as that 595 00:32:56,320 --> 00:32:59,400 Speaker 1: was and Drysdale, it'll never live up to the Joe Namath. 596 00:32:59,720 --> 00:33:02,520 Speaker 1: Yeah that's true. I mean and you're okay with that, right, 597 00:33:06,040 --> 00:33:09,640 Speaker 1: Thanks so much, buddy. Alright, guys, thanks very much. Takeaways. 598 00:33:09,840 --> 00:33:13,120 Speaker 1: And one thing I'm you know, I'm passionate about, and 599 00:33:13,280 --> 00:33:15,320 Speaker 1: I brought it up when I was talking with Tucker 600 00:33:15,680 --> 00:33:24,960 Speaker 1: about getting well all right, number three fassionate about I. 601 00:33:25,200 --> 00:33:29,440 Speaker 1: I want the youth to get into sports. I want 602 00:33:29,520 --> 00:33:33,800 Speaker 1: them to to understand any sport, and just like baseball, 603 00:33:33,840 --> 00:33:36,120 Speaker 1: I want them to understand the history of baseball. I 604 00:33:36,200 --> 00:33:40,000 Speaker 1: want them to understand the rules and technique. And I'm 605 00:33:40,080 --> 00:33:44,959 Speaker 1: glad that Tucker mentioned that, just like many major sports teams, 606 00:33:45,320 --> 00:33:47,320 Speaker 1: that they have a venue for that. Have you been 607 00:33:47,360 --> 00:33:49,880 Speaker 1: to the Jackie Robinson Museum down on Canal No. I 608 00:33:49,880 --> 00:33:51,960 Speaker 1: would love to go. I'll go with you. How's that, 609 00:33:52,400 --> 00:33:54,640 Speaker 1: Let's go, We'll go. Yeah, seriously, I'd like to go. 610 00:33:54,800 --> 00:33:57,200 Speaker 1: Yeah you can. There's a few spots to sit down 611 00:33:57,240 --> 00:33:59,840 Speaker 1: and relax afterwards. Yeah, all right, you got it. I'm 612 00:34:00,040 --> 00:34:03,240 Speaker 1: truck by again. I talked about this all the time 613 00:34:03,320 --> 00:34:07,000 Speaker 1: on the show, that these teams cannot exist by themselves. 614 00:34:07,040 --> 00:34:09,480 Speaker 1: You don't buy a sports team just to have a 615 00:34:09,520 --> 00:34:13,360 Speaker 1: sports team. This was a media play for the regional 616 00:34:13,640 --> 00:34:17,160 Speaker 1: sports network. They don't have full distribution that's okay because 617 00:34:17,200 --> 00:34:19,440 Speaker 1: they were promised payment from Time Warner full amount, no 618 00:34:19,520 --> 00:34:22,200 Speaker 1: matter what kind of distribution they had. And he said, yeah, 619 00:34:22,280 --> 00:34:25,520 Speaker 1: you can't help but feel that the brand takes a 620 00:34:25,600 --> 00:34:28,400 Speaker 1: little bit of a hit because our fans don't see us. 621 00:34:29,080 --> 00:34:32,239 Speaker 1: But let's be clear here, Bar they're making a ton 622 00:34:32,280 --> 00:34:36,640 Speaker 1: of money, they're doing well, their fans are watching. It's 623 00:34:36,640 --> 00:34:40,880 Speaker 1: a pretty interesting um scenario in which, right now, if 624 00:34:40,880 --> 00:34:43,239 Speaker 1: I'm the other cable operators, the Dodgers can be like, 625 00:34:44,480 --> 00:34:46,960 Speaker 1: you know, we're not really getting hurt by this, so 626 00:34:47,360 --> 00:34:52,440 Speaker 1: you know, maybe we can out last year. Feels better 627 00:34:52,520 --> 00:34:54,200 Speaker 1: to be number one than number five. I'll wear a 628 00:34:54,280 --> 00:34:55,960 Speaker 1: number because of Mike. We have a chance to go 629 00:34:56,080 --> 00:34:57,879 Speaker 1: for three in a row. Good numbers in a good time. 630 00:34:57,880 --> 00:35:00,319 Speaker 1: When I first started wearing the number, how would you happy? 631 00:35:00,360 --> 00:35:04,080 Speaker 1: And Floomberg? Business of sports? The number of the week? 632 00:35:06,120 --> 00:35:08,960 Speaker 1: Time now for the number of the week. This, I'm 633 00:35:09,000 --> 00:35:11,920 Speaker 1: gonna give me a hint. We did not discuss this week. 634 00:35:12,000 --> 00:35:13,800 Speaker 1: We did not discuss We did not discuss this. But 635 00:35:13,840 --> 00:35:16,560 Speaker 1: I'm gonna give you some clues to the numbers. To 636 00:35:16,560 --> 00:35:19,880 Speaker 1: the number of the week here, uh, because we were 637 00:35:19,880 --> 00:35:26,399 Speaker 1: talking about Jackie Robinson. It involves another it's not it's 638 00:35:26,440 --> 00:35:28,799 Speaker 1: not forty two. I will say that it's not forty two, 639 00:35:29,440 --> 00:35:35,800 Speaker 1: but it involves another African American player who's made history 640 00:35:36,800 --> 00:35:42,759 Speaker 1: in Major League Baseball and Larry Dobe. No, but that's good. 641 00:35:42,800 --> 00:35:54,799 Speaker 1: Guess wow, right, that's right. The number was? The number was? Yes, 642 00:35:55,040 --> 00:36:00,920 Speaker 1: that was the Yeah, they say, hey kid number, actually 643 00:36:01,000 --> 00:36:05,840 Speaker 1: know something without googling. If you saw the meme with 644 00:36:06,040 --> 00:36:11,840 Speaker 1: my eyes like, dang, she got it the number? I 645 00:36:11,880 --> 00:36:14,520 Speaker 1: mean it was, you know, because that's wore that, especially 646 00:36:14,640 --> 00:36:16,480 Speaker 1: when you had the Polo grounds back in the day 647 00:36:16,719 --> 00:36:19,320 Speaker 1: in the fifty four World Series and it was the 648 00:36:19,400 --> 00:36:21,880 Speaker 1: number was twenty four, and you know with that fabulous 649 00:36:22,160 --> 00:36:24,560 Speaker 1: you know catching and everything. You know what, that takes 650 00:36:24,600 --> 00:36:30,840 Speaker 1: me back to Medina at the nineteen seventy nine. I 651 00:36:30,920 --> 00:36:33,080 Speaker 1: didn't mean to just chime in at the time, but 652 00:36:33,400 --> 00:36:35,440 Speaker 1: I thought of the name and I knew that it 653 00:36:35,520 --> 00:36:39,200 Speaker 1: had to be him. So great, we love it. That 654 00:36:39,440 --> 00:36:41,880 Speaker 1: was good. Next week you're taking first shot at the 655 00:36:41,960 --> 00:36:43,920 Speaker 1: number of the week, because I don't think I've ever 656 00:36:43,960 --> 00:36:45,600 Speaker 1: gotten it and I know nothing. I didn't even get 657 00:36:45,640 --> 00:36:47,480 Speaker 1: to the number and you got it. Man. That was 658 00:36:47,640 --> 00:36:51,240 Speaker 1: I'm sorry. I'm sorry. Ruined. No, no, I was. I'm impressed. 659 00:36:51,840 --> 00:36:53,920 Speaker 1: I'm always trust me. I'm impressed at myself right now. 660 00:36:53,960 --> 00:36:57,360 Speaker 1: I'm always impressed with Medina. Thank you. How about that 661 00:36:58,040 --> 00:37:00,399 Speaker 1: next week I'll tell you about the nineteen seventy sixth day. 662 00:37:01,040 --> 00:37:03,319 Speaker 1: I'm sure you will. I think I'm gonna be sick. 663 00:37:03,600 --> 00:37:06,960 Speaker 1: You're listening to the Bloomberg Business of Sports. We are 664 00:37:07,040 --> 00:37:09,200 Speaker 1: each and every week at the same time. Turn your 665 00:37:09,239 --> 00:37:12,400 Speaker 1: head plus online as a podcast were available, you can 666 00:37:12,520 --> 00:37:16,480 Speaker 1: catch that Monday's, Wednesdays and Thursdays. I at Michael Barr 667 00:37:16,560 --> 00:37:19,399 Speaker 1: on Twitter at Big Bar Sports Scott. You can follow 668 00:37:19,440 --> 00:37:21,880 Speaker 1: me on Twitter at Thank you very much for joining us. 669 00:37:21,960 --> 00:37:24,399 Speaker 1: Please tune in next week when we once again speak 670 00:37:24,480 --> 00:37:26,680 Speaker 1: with the biggest and brightest in the sports business industry. 671 00:37:26,880 --> 00:37:29,600 Speaker 1: You're listening to Bloomberg Business of Sports from Bloomberg Radio 672 00:37:29,680 --> 00:37:33,560 Speaker 1: around the world and online and where our podcast is 673 00:37:33,600 --> 00:37:34,000 Speaker 1: a Villa