1 00:00:02,520 --> 00:00:05,600 Speaker 1: Hello, I'm Michael and I'm Scott stick. On today's Business 2 00:00:05,600 --> 00:00:07,360 Speaker 1: is Sports Special, we take a look at some of 3 00:00:07,360 --> 00:00:09,360 Speaker 1: the top trends in the sports industry and what we 4 00:00:09,400 --> 00:00:12,600 Speaker 1: look forward to this year. Joining us to delove into 5 00:00:12,640 --> 00:00:16,880 Speaker 1: the highlights is Bloomberg Business of Sports reporter Evan Novi Williams. 6 00:00:17,320 --> 00:00:20,840 Speaker 1: And let's start first of all, the Carolina Panthers officially 7 00:00:21,160 --> 00:00:25,240 Speaker 1: up for sale because they are now out of the playoffs. 8 00:00:25,760 --> 00:00:29,120 Speaker 1: Who's in play? Who is not in play? Any billionaire 9 00:00:29,760 --> 00:00:32,880 Speaker 1: that has looked at a pro sports franchise in the 10 00:00:33,040 --> 00:00:36,519 Speaker 1: let's say year or two. I mean, Michael, We've discussed 11 00:00:36,520 --> 00:00:39,879 Speaker 1: this in the past. The way this works, commissioners often 12 00:00:40,360 --> 00:00:44,200 Speaker 1: pre interview folks who are interested in buying pro sports teams. 13 00:00:44,360 --> 00:00:46,760 Speaker 1: So imagine, and this won't be so good for the 14 00:00:46,760 --> 00:00:49,000 Speaker 1: Port Authority of New York, but imagine you're waiting to 15 00:00:49,040 --> 00:00:51,479 Speaker 1: take a flight out of LaGuardia Airport, you know where 16 00:00:51,520 --> 00:00:54,200 Speaker 1: there's a long line of planes, usually like your number 17 00:00:54,240 --> 00:00:57,320 Speaker 1: thirty five for takeoff. That's the way this works. There's 18 00:00:57,320 --> 00:01:01,000 Speaker 1: a runway of prospective buyers. And you can be sure 19 00:01:01,080 --> 00:01:04,600 Speaker 1: that Roger Goodell has already spoken with Alan and Company 20 00:01:04,640 --> 00:01:07,800 Speaker 1: and they of course have had people trying to buy franchises. 21 00:01:07,840 --> 00:01:11,400 Speaker 1: Steve Greenberg, who's handling this sale, just sold the Brooklyn 22 00:01:11,440 --> 00:01:14,360 Speaker 1: Nets that went for two point three billion dollar valuation 23 00:01:14,400 --> 00:01:17,360 Speaker 1: to Josiah of Ali Baba, So that wasn't the only 24 00:01:17,400 --> 00:01:21,399 Speaker 1: person that Steve Greenberg spoke with, so he knows who's interested. 25 00:01:21,480 --> 00:01:23,959 Speaker 1: This is what they do regularly, keep in touch with 26 00:01:24,040 --> 00:01:27,760 Speaker 1: folks who have the wherewithal to cut the check. So 27 00:01:27,800 --> 00:01:29,640 Speaker 1: now those folks come to the forefront all over again. 28 00:01:29,680 --> 00:01:32,400 Speaker 1: And it's not just the really rich business folks. There's 29 00:01:32,400 --> 00:01:35,240 Speaker 1: gonna be celebrities probably involved in this process as well. 30 00:01:35,280 --> 00:01:38,040 Speaker 1: You know, Jeter wasn't really the money guy, but he 31 00:01:38,120 --> 00:01:40,520 Speaker 1: was the face of that big group for the Marlins. 32 00:01:40,520 --> 00:01:43,119 Speaker 1: I mean, we've seen Steph Curry, I believe, and and 33 00:01:43,120 --> 00:01:46,560 Speaker 1: and Puffy Combs uh p did are are out there 34 00:01:46,560 --> 00:01:48,920 Speaker 1: talking about they want to get in on on the Panthers. 35 00:01:48,960 --> 00:01:51,440 Speaker 1: I think in addition to the really rich guys, you're 36 00:01:51,440 --> 00:01:54,480 Speaker 1: gonna see a lot of famous people either in music 37 00:01:54,560 --> 00:01:59,360 Speaker 1: industry or athletes or celebrities, actors, movie stars that maybe 38 00:01:59,680 --> 00:02:01,760 Speaker 1: ex wrestling interest in getting in on this and you 39 00:02:01,800 --> 00:02:04,080 Speaker 1: want some news here will will make some news now 40 00:02:04,080 --> 00:02:06,080 Speaker 1: I can tell you that Diddy is that what he's 41 00:02:06,120 --> 00:02:07,960 Speaker 1: going by these days? I don't know. He's cooler than 42 00:02:08,000 --> 00:02:10,839 Speaker 1: I am. Younger, not so young anymore, but younger. He's 43 00:02:11,000 --> 00:02:13,919 Speaker 1: already reached out to some bankers for information about the team, 44 00:02:14,160 --> 00:02:16,760 Speaker 1: to find out the process. But let me tell you this, 45 00:02:17,200 --> 00:02:19,560 Speaker 1: when a guy like Diddy whose net worth is help 46 00:02:19,600 --> 00:02:23,600 Speaker 1: me out here million whatever it is, that's the check. 47 00:02:23,680 --> 00:02:26,200 Speaker 1: The way the NFL works is you have to cut 48 00:02:26,240 --> 00:02:28,800 Speaker 1: a huge equity check. They don't want too much debt 49 00:02:29,160 --> 00:02:32,480 Speaker 1: on these franchises. So whoever buys this team, let's assume 50 00:02:32,520 --> 00:02:34,560 Speaker 1: two point three, two point four or five, somewhere in 51 00:02:34,560 --> 00:02:37,280 Speaker 1: that range. Whoever buys this team is going to have 52 00:02:37,320 --> 00:02:41,680 Speaker 1: to cut a seven hundred plus million dollar check. Now, 53 00:02:41,800 --> 00:02:43,600 Speaker 1: I think Diddy is smart enough to know that you 54 00:02:43,639 --> 00:02:45,640 Speaker 1: don't take your entire net worth and tie it up 55 00:02:45,680 --> 00:02:47,679 Speaker 1: in one asset. So I think he went from this 56 00:02:48,000 --> 00:02:51,880 Speaker 1: visions of grandeur of general partner, I own the team, Allah, 57 00:02:51,880 --> 00:02:55,000 Speaker 1: Bob Johnson and Charlotte too. How can I be a 58 00:02:55,000 --> 00:02:57,240 Speaker 1: limited partner and be a piece of an ownership team? 59 00:02:57,280 --> 00:02:59,239 Speaker 1: And he's gonna have to now look around to other 60 00:02:59,280 --> 00:03:02,440 Speaker 1: prospective owns and see who wants to attach to him. 61 00:03:02,639 --> 00:03:04,720 Speaker 1: Last year, the Brooklyn Nets at the Bar when they 62 00:03:04,720 --> 00:03:08,000 Speaker 1: were sold at a valuation of two point three billion dollars. Uh. 63 00:03:08,320 --> 00:03:11,200 Speaker 1: Kind of the common general thought is that NFL teams 64 00:03:11,200 --> 00:03:14,360 Speaker 1: are the most valuable. They certainly are on average. Uh. 65 00:03:14,440 --> 00:03:16,000 Speaker 1: Is there a chance that this sells for less than 66 00:03:16,000 --> 00:03:18,600 Speaker 1: two point three? Does this possibly go for less than 67 00:03:18,639 --> 00:03:21,600 Speaker 1: the Nets did without their arena in Brooklyn? I think 68 00:03:21,600 --> 00:03:23,920 Speaker 1: there is a chance. Do I think it will happen? No, 69 00:03:24,280 --> 00:03:27,120 Speaker 1: it will be a tight line. But because of the 70 00:03:27,160 --> 00:03:29,600 Speaker 1: interest in Asia and it went to Joe Sigh and 71 00:03:29,960 --> 00:03:35,920 Speaker 1: basketball's globality, Uh, there is a shot that it could 72 00:03:35,960 --> 00:03:38,400 Speaker 1: be less than the Nets, and I mean the less 73 00:03:39,280 --> 00:03:42,600 Speaker 1: NFL franchise to sell with the Buffalo Bills that had 74 00:03:42,640 --> 00:03:44,320 Speaker 1: a one in front of it that was one four, 75 00:03:44,360 --> 00:03:46,200 Speaker 1: which is a very high number for the Bills considering 76 00:03:46,240 --> 00:03:49,960 Speaker 1: the market and the local money. So things aren't so 77 00:03:50,080 --> 00:03:53,720 Speaker 1: great in Carolina in terms of market size, in terms 78 00:03:53,840 --> 00:03:58,559 Speaker 1: of corporate support. So possible. Yeah, Well, speaking of Carolina, 79 00:03:58,680 --> 00:04:02,040 Speaker 1: speaking of Charlotte, does the team stay in Charlotte? Oh? 80 00:04:02,120 --> 00:04:05,520 Speaker 1: I would think the team stays Charlotte. Yeah, that I 81 00:04:05,560 --> 00:04:06,800 Speaker 1: don't know if it's gonna be one of these. You 82 00:04:06,800 --> 00:04:09,600 Speaker 1: have to write it into the contract. But no one 83 00:04:09,680 --> 00:04:12,040 Speaker 1: has mentioned to me, nor has there been any sort 84 00:04:12,040 --> 00:04:15,520 Speaker 1: of reason right now to leave. But you will start 85 00:04:15,560 --> 00:04:18,719 Speaker 1: to hear and it won't be long after some new 86 00:04:18,880 --> 00:04:23,320 Speaker 1: person takes over that. Well, this stadium is fill in 87 00:04:23,320 --> 00:04:24,760 Speaker 1: blank X years old. I don't have it at the 88 00:04:24,800 --> 00:04:27,560 Speaker 1: tip of my tongue, but we sure could use some 89 00:04:27,680 --> 00:04:31,760 Speaker 1: more club seats and and luxury suits. And you know why, 90 00:04:31,880 --> 00:04:35,960 Speaker 1: Michael Barr, Because in the NFL, you don't share revenue 91 00:04:35,960 --> 00:04:39,480 Speaker 1: from club seats and and luxury suits. You share a 92 00:04:39,480 --> 00:04:41,960 Speaker 1: lot of stuff in that league, but that's one of 93 00:04:42,000 --> 00:04:45,120 Speaker 1: the things you don't and that's why Jerry Jones built 94 00:04:45,160 --> 00:04:48,400 Speaker 1: that cash register out in Texas. So that's not I 95 00:04:49,120 --> 00:04:51,840 Speaker 1: don't even I don't call it a stadium. I just 96 00:04:52,240 --> 00:04:53,760 Speaker 1: remember we were there for the Super Bowl. M But 97 00:04:53,800 --> 00:04:55,360 Speaker 1: I kept saying, all right, I think we need to 98 00:04:55,440 --> 00:04:57,760 Speaker 1: drive out to the cash register now, because that's what 99 00:04:57,880 --> 00:05:00,839 Speaker 1: it is. You see the people for tours of that thing. 100 00:05:00,880 --> 00:05:03,040 Speaker 1: They're paying fifty sixty bucks to take a tour of it, 101 00:05:03,240 --> 00:05:07,320 Speaker 1: and he keeps all the local revenue generated. That is 102 00:05:07,360 --> 00:05:10,440 Speaker 1: what the new owners gonna want. Speaking of Mr Jones. 103 00:05:10,800 --> 00:05:15,359 Speaker 1: Finally he subsided his feud with Roger Goodell. So I 104 00:05:15,400 --> 00:05:19,520 Speaker 1: guess they are buddy buddies and they're hugging again. So well, 105 00:05:19,920 --> 00:05:22,520 Speaker 1: once you're back to the business of making money, it 106 00:05:22,640 --> 00:05:25,000 Speaker 1: helps if everybody's on the same page to try and 107 00:05:25,040 --> 00:05:27,320 Speaker 1: do that. I don't know if they'll be buddy buddy 108 00:05:27,360 --> 00:05:29,880 Speaker 1: because Jerry's not winning the Super Bowl this year, which 109 00:05:29,880 --> 00:05:32,760 Speaker 1: I think he had designs on with Ezekiel Elliott and 110 00:05:32,839 --> 00:05:36,720 Speaker 1: Dak Prescott. But that's not that didn't happen, So you 111 00:05:36,760 --> 00:05:41,240 Speaker 1: know the I'll forgive, but I don't forget. Something tells 112 00:05:41,240 --> 00:05:44,440 Speaker 1: me that with Jerry, who's not twenty two years old anymore, 113 00:05:44,839 --> 00:05:48,360 Speaker 1: that might fall under that category. Well, Scott will see 114 00:05:48,400 --> 00:05:51,520 Speaker 1: what happens. Now, let's turn our attention to the NFL, 115 00:05:51,960 --> 00:05:54,839 Speaker 1: and joining us in the discussion is Bloomberg Sports reporter 116 00:05:54,880 --> 00:05:58,560 Speaker 1: Evan novie Williams, the wonderfully quafft Eban Novie Williams. We 117 00:05:58,640 --> 00:06:01,839 Speaker 1: are talking the n F fail buy or sell good 118 00:06:01,960 --> 00:06:06,040 Speaker 1: or bad? You hear so much negative that the ratings 119 00:06:06,040 --> 00:06:10,440 Speaker 1: are down, the players unhappy, the player protests, no Kaepernick concussions. 120 00:06:11,080 --> 00:06:14,479 Speaker 1: I'm still bullish on the NFL Evan because this is 121 00:06:14,480 --> 00:06:17,240 Speaker 1: the first year according to Price Waterhouse Coopers that media 122 00:06:17,279 --> 00:06:20,800 Speaker 1: revenue is going to surpass ticket revenue. Sort of that 123 00:06:20,920 --> 00:06:23,800 Speaker 1: in house, and you and I know media is going 124 00:06:23,839 --> 00:06:27,320 Speaker 1: to drive the sports world. This scalable media, the ability 125 00:06:27,360 --> 00:06:29,400 Speaker 1: to deliver highlights where you want it, when you want 126 00:06:29,400 --> 00:06:31,080 Speaker 1: a tablet where I mean, we're gonna get it. All that. 127 00:06:31,960 --> 00:06:36,279 Speaker 1: But are you a believer that the NFL has a 128 00:06:36,320 --> 00:06:40,839 Speaker 1: bright future or that the headwinds could be too strong? 129 00:06:40,960 --> 00:06:42,720 Speaker 1: I think the future is bright. I agree with you. 130 00:06:42,800 --> 00:06:44,560 Speaker 1: The media rights is going to be the portion that 131 00:06:44,720 --> 00:06:46,560 Speaker 1: is going to keep this going. Roger Goodell has the 132 00:06:46,600 --> 00:06:51,040 Speaker 1: stated goal of reaching billion dollars in revenue UH within 133 00:06:51,080 --> 00:06:53,680 Speaker 1: the next handful of years, and I think that's possible 134 00:06:53,760 --> 00:06:56,599 Speaker 1: on the backs of media rights. This huge question of 135 00:06:56,920 --> 00:06:59,880 Speaker 1: with Amazon, with Facebook, with Twitter getting into this game, 136 00:07:00,400 --> 00:07:02,599 Speaker 1: is there more money or is there less money? And 137 00:07:02,640 --> 00:07:05,279 Speaker 1: the early returns on that question seems to be that 138 00:07:05,279 --> 00:07:08,960 Speaker 1: there's more money for the premium content and NFL remains 139 00:07:09,240 --> 00:07:12,160 Speaker 1: the most premium content out there in sports. If there's 140 00:07:12,240 --> 00:07:15,120 Speaker 1: one person to ask about the future of NFL media, 141 00:07:15,560 --> 00:07:18,960 Speaker 1: it would be Jonathan Kraft. He is the head of 142 00:07:19,000 --> 00:07:22,400 Speaker 1: the league's Digital Committee, and probably when he took over, 143 00:07:22,480 --> 00:07:25,200 Speaker 1: he didn't realize just how powerful maybe did. I mean, 144 00:07:25,280 --> 00:07:28,600 Speaker 1: Jonathan is one of those guys. He he couldn't have 145 00:07:28,680 --> 00:07:33,120 Speaker 1: known that Amazon and Twitter and Facebook would be bidders, 146 00:07:33,280 --> 00:07:36,560 Speaker 1: I mean real billion dollar bidders for sports rights at 147 00:07:36,560 --> 00:07:39,760 Speaker 1: the time. But he was on our show and he 148 00:07:39,840 --> 00:07:43,800 Speaker 1: talked about the commissioner looking forward and advancing the business 149 00:07:44,400 --> 00:07:47,960 Speaker 1: of the NFL. Roger is the commissioner of the league 150 00:07:48,000 --> 00:07:52,440 Speaker 1: and on a number of fronts he's he's really helping 151 00:07:52,520 --> 00:07:57,080 Speaker 1: the league advanced our business and and and making sure 152 00:07:57,160 --> 00:08:00,680 Speaker 1: that we're at the forefront of sports aventer attainment, and 153 00:08:01,560 --> 00:08:04,360 Speaker 1: that's what his job is. We also talked with the 154 00:08:04,440 --> 00:08:08,160 Speaker 1: Morris Smith, the executive director of the NFL Players Association, 155 00:08:08,480 --> 00:08:11,080 Speaker 1: about Colin Kaepernick and players taking a knee during the 156 00:08:11,160 --> 00:08:14,880 Speaker 1: national anthem. We believe in our players rights to free speech. 157 00:08:15,040 --> 00:08:18,360 Speaker 1: If there comes a time when when we make a 158 00:08:18,440 --> 00:08:23,040 Speaker 1: decision that the union is going to do something, UM, 159 00:08:24,120 --> 00:08:29,560 Speaker 1: regardless of of the position of his representatives, UM, you 160 00:08:29,640 --> 00:08:31,920 Speaker 1: two will be the first to know. Now, have you 161 00:08:32,000 --> 00:08:34,240 Speaker 1: gotten a call yet? I haven't gotten I haven't, so 162 00:08:34,280 --> 00:08:36,760 Speaker 1: I guess the union has not decided that didn't ring once, 163 00:08:36,800 --> 00:08:39,600 Speaker 1: but I missed it. I was out. But here's the thing, 164 00:08:40,080 --> 00:08:43,079 Speaker 1: and I say this over and over again. We can 165 00:08:43,080 --> 00:08:46,720 Speaker 1: talk about players kneeling, maybe why the ratings are down, 166 00:08:47,720 --> 00:08:51,240 Speaker 1: But as a guy who has watched the National Football 167 00:08:51,320 --> 00:08:55,120 Speaker 1: League for forty five years, I'm now confused about what 168 00:08:55,160 --> 00:08:57,559 Speaker 1: the rules are because I thought I knew what a 169 00:08:57,600 --> 00:09:00,800 Speaker 1: fumble was, but I guess I don't. So this there 170 00:09:00,800 --> 00:09:04,440 Speaker 1: has to be some clarification for fans. Do at least say, look, 171 00:09:04,480 --> 00:09:06,319 Speaker 1: at least I know what a catches and at least 172 00:09:06,360 --> 00:09:08,120 Speaker 1: I know where the fumble is. I think there's something 173 00:09:08,120 --> 00:09:10,280 Speaker 1: to that. And we talk about some of these things. 174 00:09:10,280 --> 00:09:13,040 Speaker 1: Players kneeling seems like a cyclical thing that might not 175 00:09:13,160 --> 00:09:14,880 Speaker 1: be a big deal in a couple of years. The 176 00:09:14,960 --> 00:09:16,920 Speaker 1: thing that will be a big deal and will probably 177 00:09:16,960 --> 00:09:19,080 Speaker 1: forever be a big deal for the NFL is the 178 00:09:19,080 --> 00:09:21,720 Speaker 1: health and safety of its players, and it manifests itself 179 00:09:21,760 --> 00:09:25,000 Speaker 1: in concussions and ct which will probably continue to be 180 00:09:25,200 --> 00:09:27,720 Speaker 1: a bigger and bigger deal the more we learn about 181 00:09:27,720 --> 00:09:29,640 Speaker 1: the effects that playing this game has on your brain. 182 00:09:29,920 --> 00:09:32,439 Speaker 1: But it also players are getting hurt at a crazy 183 00:09:32,559 --> 00:09:35,439 Speaker 1: rate right now, and you have marketable stars that are 184 00:09:35,480 --> 00:09:38,960 Speaker 1: off the field for huge swaths of the season. You know, J. J. Watt, 185 00:09:39,240 --> 00:09:42,120 Speaker 1: Aaron Rodgers, Deshaun Watson, who was gonna probably gonna be 186 00:09:42,160 --> 00:09:43,839 Speaker 1: Rookie of the Year if he continued playing the way 187 00:09:43,880 --> 00:09:46,000 Speaker 1: he was. It's hard to kind of build a league 188 00:09:46,000 --> 00:09:49,359 Speaker 1: around stars. It's hard to put these guys in commercials, etcetera. 189 00:09:49,720 --> 00:09:53,160 Speaker 1: They're not on the field. Carson Wentz is another good example. Uh. 190 00:09:53,200 --> 00:09:55,080 Speaker 1: And then the third part of that kind of as 191 00:09:55,120 --> 00:09:58,280 Speaker 1: you're mentioning Michael, they're changing the rules so much. The 192 00:09:58,360 --> 00:10:00,840 Speaker 1: game is also getting saw after, you know, and it 193 00:10:00,840 --> 00:10:03,800 Speaker 1: probably has to be because it's dangerous, but so much 194 00:10:03,840 --> 00:10:07,040 Speaker 1: of what people loved about the NFL, these huge hits, 195 00:10:07,120 --> 00:10:10,080 Speaker 1: the brutal violence of the game, I think is slowly 196 00:10:10,120 --> 00:10:12,400 Speaker 1: being kind of sapped out of the league. And those 197 00:10:12,400 --> 00:10:14,920 Speaker 1: are long term things that maybe not next year, maybe not, 198 00:10:16,160 --> 00:10:18,440 Speaker 1: But but if you look five, ten, fifteen years down 199 00:10:18,480 --> 00:10:21,280 Speaker 1: the line, if all those trends continue, if the game 200 00:10:21,360 --> 00:10:25,000 Speaker 1: keeps getting changed to be softer and less violent, people 201 00:10:25,040 --> 00:10:27,560 Speaker 1: still continue to get hurt. If people aren't letting their 202 00:10:27,640 --> 00:10:30,360 Speaker 1: kids play because they're worried that when they're forty five 203 00:10:30,440 --> 00:10:33,360 Speaker 1: they won't they won't remember names. Uh, those are things 204 00:10:33,360 --> 00:10:35,440 Speaker 1: that can really hurt the league moving forward. Well, here's 205 00:10:35,440 --> 00:10:38,520 Speaker 1: a name that people probably don't know, but they should. 206 00:10:38,520 --> 00:10:40,800 Speaker 1: Everybody knows Roger Goodell as the commissioner in the NFL, 207 00:10:40,960 --> 00:10:43,600 Speaker 1: and they think it's all on Roger. But there's a 208 00:10:43,600 --> 00:10:45,640 Speaker 1: guy at the NFL who was in charge of the 209 00:10:45,679 --> 00:10:47,880 Speaker 1: Los Angeles project, and now we know there are two 210 00:10:47,960 --> 00:10:50,120 Speaker 1: teams in l A when forever their head been none. 211 00:10:50,520 --> 00:10:53,080 Speaker 1: His name is Eric Rupman. He was an oil and 212 00:10:53,080 --> 00:10:56,520 Speaker 1: gas banker at Goldman Sachs. He sold the jets for 213 00:10:56,640 --> 00:10:58,679 Speaker 1: Leon Hester to Woody Johnson and then he moved over 214 00:10:58,720 --> 00:11:01,440 Speaker 1: to the league office. And I can tell you Eric 215 00:11:01,520 --> 00:11:03,240 Speaker 1: is now in charge of a couple of things at 216 00:11:03,280 --> 00:11:07,079 Speaker 1: the NFL. He's sort of spearheading their direction on a 217 00:11:07,160 --> 00:11:11,679 Speaker 1: global expansion. How do we create more interest? Can we 218 00:11:11,679 --> 00:11:14,080 Speaker 1: put a franchise in London, let's say, and make it 219 00:11:14,200 --> 00:11:17,760 Speaker 1: Europe's team. Open up the borders so that more revenue 220 00:11:17,760 --> 00:11:20,960 Speaker 1: can flow. That's what Two. He is in charge of 221 00:11:21,400 --> 00:11:24,960 Speaker 1: spearheading the NFL's effort on sports betting, and maybe we'll 222 00:11:24,960 --> 00:11:28,160 Speaker 1: talk about that a little bit later, but we see 223 00:11:28,200 --> 00:11:30,440 Speaker 1: sports betting. I think we're an agreement here at this table. 224 00:11:31,000 --> 00:11:34,200 Speaker 1: That what Daily Fantasy was in that snapshot where the 225 00:11:34,200 --> 00:11:37,720 Speaker 1: the influx of all that advertising money and the leagues 226 00:11:37,760 --> 00:11:39,920 Speaker 1: and the teams were more than happy to just soak 227 00:11:39,960 --> 00:11:46,800 Speaker 1: it up. Sports betting provides a possible windfall for these franchises. 228 00:11:47,000 --> 00:11:51,760 Speaker 1: We're talking billions of dollars that could go into their pockets. 229 00:11:52,240 --> 00:11:56,520 Speaker 1: So keep an eye on Eric Grubman. This guy he 230 00:11:56,679 --> 00:11:59,800 Speaker 1: might not have that have the name recognition of Roger Goodell, 231 00:12:00,360 --> 00:12:03,320 Speaker 1: but there are people there who are in charge of 232 00:12:03,440 --> 00:12:07,640 Speaker 1: making sure the money flows, and he's one of them. Scott. 233 00:12:07,640 --> 00:12:10,040 Speaker 1: Don't we think that the gambling money is gonna flow 234 00:12:10,080 --> 00:12:12,480 Speaker 1: in everywhere? I mean, that's something that's gonna affect the NBA, 235 00:12:12,559 --> 00:12:16,839 Speaker 1: it's gonna affect the NHN, It's gonna be absolutely But 236 00:12:17,280 --> 00:12:20,760 Speaker 1: what we have argued for many years here is that 237 00:12:21,040 --> 00:12:23,200 Speaker 1: gambling was one of the reasons the NFL was the 238 00:12:23,240 --> 00:12:26,280 Speaker 1: most popular, one of the reasons it was number one 239 00:12:26,679 --> 00:12:29,559 Speaker 1: in revenue in other things. Red zone is a good 240 00:12:29,559 --> 00:12:32,600 Speaker 1: example of that. Why is red zone popular because everyone 241 00:12:32,640 --> 00:12:35,560 Speaker 1: on their fantasy teams who might not give a hoot 242 00:12:35,600 --> 00:12:38,760 Speaker 1: about who wins or loses the game, like that core fan, 243 00:12:39,240 --> 00:12:42,160 Speaker 1: but they know they have this wide receiver on their team, 244 00:12:42,480 --> 00:12:44,360 Speaker 1: so they watch red zone, they don't watch the games. 245 00:12:44,600 --> 00:12:47,360 Speaker 1: Moving forward, we know about millennials and the younger viewers. 246 00:12:47,559 --> 00:12:50,199 Speaker 1: They're not tuning into a three hour game, So you've 247 00:12:50,200 --> 00:12:53,280 Speaker 1: got to give them something to do. Whether it's highlights, snippets, 248 00:12:53,480 --> 00:12:56,160 Speaker 1: live betting, it better be something, and the NFL, at 249 00:12:56,240 --> 00:12:59,720 Speaker 1: least from that perspective, I think it's very well positioned. Scott. 250 00:13:00,080 --> 00:13:04,080 Speaker 1: The trend that was buzzing baseball and the Yankees, Evan, 251 00:13:04,200 --> 00:13:07,040 Speaker 1: we know what to expect it Yankee Stadium. We are 252 00:13:07,120 --> 00:13:10,800 Speaker 1: going to see the long ball. We are from Aaron 253 00:13:10,880 --> 00:13:14,000 Speaker 1: Judge and from a newcomer, Jihn Carlos Stanton. We had 254 00:13:14,000 --> 00:13:17,440 Speaker 1: hal Steinbrenner, Yankees managing partner on the show early last 255 00:13:17,520 --> 00:13:20,440 Speaker 1: year talking about Aaron Judge and his fantastic rook year. 256 00:13:20,559 --> 00:13:22,640 Speaker 1: We certainly chose him to start right field. We've been 257 00:13:22,640 --> 00:13:25,319 Speaker 1: following him for years. We knew what the potential was. 258 00:13:25,360 --> 00:13:27,480 Speaker 1: But yes there nobody could have predicted that you'd be 259 00:13:27,520 --> 00:13:29,960 Speaker 1: having this kind of a rookie season. So you have 260 00:13:30,040 --> 00:13:33,360 Speaker 1: Rookie of the Year Aaron Judge, you add John Carlos Stanton, 261 00:13:33,400 --> 00:13:37,480 Speaker 1: perhaps the most prolific home run hitter in Major League Baseball. 262 00:13:37,880 --> 00:13:39,880 Speaker 1: There's a lot to be excited about. Marry Sanchez in 263 00:13:39,920 --> 00:13:43,120 Speaker 1: that lineup Ball Sanchez. I apologize to Gary Sanchez's mother 264 00:13:43,120 --> 00:13:45,959 Speaker 1: for leaving him out. Um, there's a lot to be 265 00:13:46,040 --> 00:13:47,920 Speaker 1: excited about if you're a Yankee fan. And also I 266 00:13:47,920 --> 00:13:51,040 Speaker 1: think if you're in baseball period, I think there's no 267 00:13:51,160 --> 00:13:53,480 Speaker 1: question that if the Yankees are good, the business of 268 00:13:53,520 --> 00:13:55,880 Speaker 1: baseball is in a better position than if they're not. 269 00:13:56,080 --> 00:13:57,800 Speaker 1: I love all the people that can plain about Sunday 270 00:13:57,880 --> 00:14:01,559 Speaker 1: Night Baseball and ESPN, Oh Yankees, Red Socks again. I 271 00:14:01,600 --> 00:14:03,960 Speaker 1: mean to just look at the ratings. I mean, for 272 00:14:04,000 --> 00:14:05,839 Speaker 1: all these people on the West Coast, you like that, 273 00:14:07,240 --> 00:14:10,080 Speaker 1: I brought that. I brought that into my home life. 274 00:14:11,440 --> 00:14:13,599 Speaker 1: But for all the people on the West Coast that 275 00:14:13,760 --> 00:14:15,520 Speaker 1: we don't see the Dodgers, we don't see this and 276 00:14:15,600 --> 00:14:17,920 Speaker 1: that when the Yankees and the Red Sox are on 277 00:14:18,559 --> 00:14:20,800 Speaker 1: the ratings are higher. I mean, yeah, they're five hour games. 278 00:14:20,840 --> 00:14:23,480 Speaker 1: We gotta figure that out. But you think you're not 279 00:14:23,520 --> 00:14:25,120 Speaker 1: going to see the Red Sox and the Yankees with 280 00:14:25,160 --> 00:14:28,920 Speaker 1: John Carlos Stanton now playing in that's gonna be the 281 00:14:29,080 --> 00:14:31,160 Speaker 1: team to see. They're gonna sell out everywhere they go. 282 00:14:31,320 --> 00:14:34,640 Speaker 1: And there's something truly amazing about Derek Jeter having being 283 00:14:34,680 --> 00:14:36,720 Speaker 1: a part of the ownership group in the Marlins, taking 284 00:14:36,720 --> 00:14:39,080 Speaker 1: over and then selling perhaps the best young star in 285 00:14:39,120 --> 00:14:42,040 Speaker 1: the game back to his former team at Pennies on 286 00:14:42,040 --> 00:14:45,080 Speaker 1: the doubt. I mean, this is like Eli Manning buying 287 00:14:45,080 --> 00:14:47,880 Speaker 1: a piece of the Panthers and then selling Cam Newton 288 00:14:47,960 --> 00:14:49,920 Speaker 1: back to the Giants. And I'm sorry, we were not 289 00:14:49,960 --> 00:14:52,360 Speaker 1: allowed to say that that man's name unless you do 290 00:14:52,400 --> 00:14:54,000 Speaker 1: it in Bob Shepard voice. So could you give it 291 00:14:54,040 --> 00:14:58,200 Speaker 1: a Michael Barr attempt number two Derek, not as Michael 292 00:14:58,200 --> 00:15:04,440 Speaker 1: Barr to number Derek when there was no way. I've 293 00:15:04,440 --> 00:15:07,440 Speaker 1: never gonna say yours was better, but unbelievably it is. 294 00:15:07,960 --> 00:15:10,080 Speaker 1: So I mean, but Jeter's gone. What do you think 295 00:15:10,120 --> 00:15:11,920 Speaker 1: this does? I mean, are we back in the days 296 00:15:12,000 --> 00:15:15,200 Speaker 1: now of the bad old Yankees, the Evil Empire? This 297 00:15:15,280 --> 00:15:17,480 Speaker 1: is they took on how much is left on his contract, 298 00:15:18,840 --> 00:15:21,560 Speaker 1: sixties seventy million days. I mean, he's got a crazy 299 00:15:21,640 --> 00:15:23,720 Speaker 1: number out there, and they took it on to a 300 00:15:23,800 --> 00:15:26,120 Speaker 1: pretty high payroll already. Yeah, I mean, we have the 301 00:15:26,160 --> 00:15:29,080 Speaker 1: Dodgers out on the West coast to our spending coming down. 302 00:15:29,200 --> 00:15:31,240 Speaker 1: Dodgers are coming down. They had they had a break 303 00:15:31,640 --> 00:15:35,160 Speaker 1: because of the ownership change, they are now mandated to 304 00:15:35,200 --> 00:15:37,640 Speaker 1: come back to earth. I mean, and then he went 305 00:15:37,680 --> 00:15:40,400 Speaker 1: in the World Series. That's talking about the Yankees Dodgers, 306 00:15:40,800 --> 00:15:44,080 Speaker 1: Yankees Red Sox rivalry. Yankees Dodgers rivalry. Seems that. I mean, 307 00:15:44,280 --> 00:15:46,040 Speaker 1: we had stand casting on the show earlier, one of 308 00:15:46,080 --> 00:15:48,480 Speaker 1: the Dodgers owners, and he talked at length about the 309 00:15:48,520 --> 00:15:51,360 Speaker 1: Dodgers being the most valuable brand in baseball. Right, So 310 00:15:51,920 --> 00:15:53,920 Speaker 1: Stanton what he's got ten years to sixties? That what 311 00:15:54,080 --> 00:15:56,600 Speaker 1: is ten years two hundred and sixty. That's a lot 312 00:15:56,720 --> 00:15:59,400 Speaker 1: by any standard any team. That's a lot of money. 313 00:15:59,440 --> 00:16:04,440 Speaker 1: But Michael, we understand, right because of that salary, we 314 00:16:04,560 --> 00:16:09,680 Speaker 1: understand why Jeter, who's now running the baseball operations of 315 00:16:09,720 --> 00:16:12,440 Speaker 1: the Marlins, had to get rid of him. But let's 316 00:16:12,480 --> 00:16:14,040 Speaker 1: just say, and I think this is a safe thing 317 00:16:14,080 --> 00:16:17,560 Speaker 1: to say, the baseball folks in Miami are not as 318 00:16:17,720 --> 00:16:20,320 Speaker 1: understanding as this group here. What did you call it, 319 00:16:20,360 --> 00:16:23,840 Speaker 1: Project Wolverine. Project Wolverine. He's a Michigan boy, So kalamazoo. 320 00:16:24,120 --> 00:16:25,840 Speaker 1: We had to get back to this Michigan for you 321 00:16:26,000 --> 00:16:30,200 Speaker 1: see how he did it there, But yeah, I mean, 322 00:16:30,400 --> 00:16:33,160 Speaker 1: it's what he's trying to do as part owners, Like, look, 323 00:16:33,200 --> 00:16:35,960 Speaker 1: I gotta look at the bottom line here, and I 324 00:16:36,000 --> 00:16:38,280 Speaker 1: gotta look at the salaries. And I know it's not 325 00:16:38,400 --> 00:16:41,000 Speaker 1: popular from what he's trying to tell people, but it's 326 00:16:41,040 --> 00:16:43,560 Speaker 1: got to be done. And he promises that he wants 327 00:16:43,600 --> 00:16:46,440 Speaker 1: the team to be profitable by the end of the 328 00:16:46,480 --> 00:16:49,120 Speaker 1: season that's coming up. Looking at it from Jeter's perspective, 329 00:16:49,160 --> 00:16:52,240 Speaker 1: I totally understand what he's doing. Is there also a 330 00:16:52,320 --> 00:16:56,160 Speaker 1: reason or a case for a Marlins fan picture, you 331 00:16:56,160 --> 00:17:00,160 Speaker 1: know Marlins behind him. That's one perfect who is a 332 00:17:00,160 --> 00:17:01,800 Speaker 1: fan of this team for a while, has lived through 333 00:17:01,920 --> 00:17:04,960 Speaker 1: an arrow where the owner consistently cut payroll. They'd be 334 00:17:05,000 --> 00:17:06,960 Speaker 1: good for a year, he'd sell off all the pieces. 335 00:17:07,720 --> 00:17:10,800 Speaker 1: The team went up for sale, excited about new ownership, 336 00:17:10,840 --> 00:17:13,080 Speaker 1: possibly someone with a little bit more cash, And it 337 00:17:13,160 --> 00:17:16,280 Speaker 1: ends up with MLB and and and and Laura choosing 338 00:17:16,600 --> 00:17:19,720 Speaker 1: a group that doesn't have the money to immediately infuse 339 00:17:19,800 --> 00:17:22,680 Speaker 1: this team with cash, a group that the and it 340 00:17:22,720 --> 00:17:25,359 Speaker 1: has to because they don't have the funds to do 341 00:17:25,440 --> 00:17:28,520 Speaker 1: exactly what the old owner was doing in fire sailing 342 00:17:28,520 --> 00:17:32,280 Speaker 1: players well as the Yankees. I mean this thing about 343 00:17:32,280 --> 00:17:34,560 Speaker 1: it got The Yankees are gonna be the super team 344 00:17:34,640 --> 00:17:38,399 Speaker 1: all because of what we got from Miami. And I 345 00:17:38,480 --> 00:17:41,480 Speaker 1: just wonder now what Derek Jeter is thinking when the 346 00:17:41,520 --> 00:17:45,119 Speaker 1: Yankees dominate this upcoming season. Now switching gears. One of 347 00:17:45,119 --> 00:17:48,560 Speaker 1: my favorite sporting events to watch the Olympics, Scott your 348 00:17:48,560 --> 00:17:52,560 Speaker 1: thoughts not so far away, Eben Novi Williams. The Olympics 349 00:17:52,560 --> 00:17:56,440 Speaker 1: in South Korea? Just me? Or is there not as 350 00:17:56,520 --> 00:18:01,040 Speaker 1: much buzz about these games? I sit watch TV sometimes 351 00:18:01,040 --> 00:18:03,720 Speaker 1: and the promo comes on and people are like, oh, yeah, 352 00:18:03,960 --> 00:18:06,760 Speaker 1: the Olympics are coming. I am I wrong. It's that 353 00:18:06,840 --> 00:18:09,399 Speaker 1: two weeks where you household names get formed and then 354 00:18:09,440 --> 00:18:11,440 Speaker 1: you forget about them for four years, and then you 355 00:18:11,520 --> 00:18:13,680 Speaker 1: see him on the slopes four years later and you're like, oh, yeah, 356 00:18:13,960 --> 00:18:18,200 Speaker 1: remember who MICHAELA. Schiffrin. Tanya was big because of the 357 00:18:18,200 --> 00:18:20,960 Speaker 1: Golden Globe Awards, Like everybody knows who she is, what 358 00:18:21,480 --> 00:18:24,560 Speaker 1: Margot Robbie made her famous again. But Evan, I mean, 359 00:18:24,560 --> 00:18:25,800 Speaker 1: I don't want to put you on the spot. And 360 00:18:25,800 --> 00:18:27,680 Speaker 1: this is fine if if you don't know, you don't know, 361 00:18:27,800 --> 00:18:30,840 Speaker 1: because I don't. I don't really know too many who 362 00:18:31,000 --> 00:18:33,679 Speaker 1: are the names of the Olympics. I mean, I know 363 00:18:33,760 --> 00:18:37,600 Speaker 1: Lindsay Vaughan, MICHAELA. Schiffrin is going to be the hands 364 00:18:37,640 --> 00:18:41,960 Speaker 1: down US female star downhill skier who people think is 365 00:18:42,000 --> 00:18:45,040 Speaker 1: possibly even better than Lindsay von Already. She's young, she 366 00:18:45,160 --> 00:18:48,120 Speaker 1: was in so she she'll should be in a couple 367 00:18:48,200 --> 00:18:51,200 Speaker 1: more Olympics to come. Outside of that, I mean, there's 368 00:18:51,240 --> 00:18:55,800 Speaker 1: there's always heartwarming stories. We have the Nigerian female bobsled team, 369 00:18:56,200 --> 00:18:58,960 Speaker 1: um that I'm sure is going to get attention as 370 00:18:59,000 --> 00:19:00,840 Speaker 1: we see with all the Olympics. Say, we talked about 371 00:19:00,880 --> 00:19:03,959 Speaker 1: this every four years. There's a story that pops up 372 00:19:04,000 --> 00:19:06,320 Speaker 1: that dominates the games that no one can prepare for. 373 00:19:06,600 --> 00:19:08,320 Speaker 1: But the summer way, do we have track and field? 374 00:19:08,400 --> 00:19:10,520 Speaker 1: We have Michael Phelps in the pool. You know, you 375 00:19:10,560 --> 00:19:14,320 Speaker 1: have basketball and now no NHL. So Michael, do you 376 00:19:14,400 --> 00:19:17,720 Speaker 1: care about Olympic hockey if the NHL players aren't participating? No? 377 00:19:20,040 --> 00:19:23,119 Speaker 1: Looking forward to No. I mean it's you know, do 378 00:19:23,160 --> 00:19:25,400 Speaker 1: you believe in miracles that we will never see that 379 00:19:25,480 --> 00:19:28,479 Speaker 1: happen again? I'm sorry to say that for the United States, 380 00:19:28,760 --> 00:19:31,480 Speaker 1: but you know that was one of the most exciting 381 00:19:31,640 --> 00:19:36,720 Speaker 1: times ever in the winter Olympics. The US hockey team. 382 00:19:37,240 --> 00:19:40,199 Speaker 1: We'll never see something like that happen again because we 383 00:19:40,240 --> 00:19:43,560 Speaker 1: want to have the NHL players. But those weren't NHL players. 384 00:19:44,240 --> 00:19:46,639 Speaker 1: I get it. But that you will never see because 385 00:19:46,680 --> 00:19:50,560 Speaker 1: the teams have has really risen to a higher level. Now, 386 00:19:50,600 --> 00:19:52,400 Speaker 1: you just won't see that anymore. They're just say they're 387 00:19:52,400 --> 00:19:54,520 Speaker 1: not nobody's I mean, you do have some former NHL guys, 388 00:19:54,520 --> 00:19:56,560 Speaker 1: Brian Johnson the captain of the team. But what are 389 00:19:56,560 --> 00:19:59,480 Speaker 1: you looking forward to? I mean, Winter Olympics is about 390 00:19:59,800 --> 00:20:02,240 Speaker 1: the You're skating and it's about the skiing. Those are 391 00:20:02,240 --> 00:20:06,280 Speaker 1: the two big things. Are you hitching your wagon to us? 392 00:20:06,359 --> 00:20:09,320 Speaker 1: Figure skating? Now? I've never been a figure skating person. 393 00:20:09,400 --> 00:20:11,440 Speaker 1: I I The thing I love about the Olympics is 394 00:20:11,480 --> 00:20:13,439 Speaker 1: just the fact that there are sports out there that 395 00:20:13,520 --> 00:20:15,800 Speaker 1: I enjoy watching once every four years that I never 396 00:20:15,840 --> 00:20:18,080 Speaker 1: watch ever. I like curling, you know, and they're a 397 00:20:18,800 --> 00:20:22,080 Speaker 1: lot of people out there like they're never gonna watch curling, 398 00:20:22,080 --> 00:20:24,240 Speaker 1: but when it's on in the Olympics, they'll tune in. 399 00:20:24,359 --> 00:20:26,840 Speaker 1: I mean, and that is what the NBC is relying on. 400 00:20:26,920 --> 00:20:29,560 Speaker 1: You know. You find a few good storylines, a few countries, 401 00:20:29,600 --> 00:20:31,920 Speaker 1: you find someone who's overcome a lot in their past 402 00:20:31,960 --> 00:20:34,119 Speaker 1: to get to where they are great, you know, do 403 00:20:34,160 --> 00:20:36,440 Speaker 1: a couple of segments on that, and then televise the 404 00:20:36,680 --> 00:20:39,560 Speaker 1: stuff that people never get to see but they enjoy 405 00:20:39,600 --> 00:20:41,439 Speaker 1: watching the best in the world doing. Honest, what do 406 00:20:41,480 --> 00:20:44,040 Speaker 1: you see Michael Barr? Is he the guy like throwing? 407 00:20:44,119 --> 00:20:46,520 Speaker 1: I don't see him getting down low with the slow push, 408 00:20:46,840 --> 00:20:48,680 Speaker 1: but I also don't see him sliding with the broom, 409 00:20:48,720 --> 00:20:52,200 Speaker 1: so I'm not really sure. I see your carrying the keg. 410 00:20:52,400 --> 00:20:55,040 Speaker 1: I see you carrying the king. I see Michael Barr 411 00:20:55,080 --> 00:20:58,760 Speaker 1: throwing the stone. That's proper curling lingo and and barking 412 00:20:58,840 --> 00:21:01,080 Speaker 1: orders to the people with the brook are barking orders? 413 00:21:01,119 --> 00:21:03,320 Speaker 1: I definitely see all right, So we'll see what happens 414 00:21:03,320 --> 00:21:05,879 Speaker 1: to the Olympics. NBC they're gonna go digital again. Do 415 00:21:05,880 --> 00:21:08,000 Speaker 1: you watch the Olympics at all on computer iPad or 416 00:21:08,000 --> 00:21:10,199 Speaker 1: is it all TV? It's all TV because I'm an 417 00:21:10,240 --> 00:21:12,560 Speaker 1: old man, and you know, I'm used to, like, you know, 418 00:21:12,680 --> 00:21:15,320 Speaker 1: seeing Franz clumber Man, you know, on the on the slopes. 419 00:21:15,359 --> 00:21:17,359 Speaker 1: But I always like huge events like this, just like 420 00:21:17,400 --> 00:21:20,160 Speaker 1: the n c A tournament. They are a good guide 421 00:21:20,320 --> 00:21:22,600 Speaker 1: or a good barometer of where do we stand, where 422 00:21:22,640 --> 00:21:25,879 Speaker 1: is the viewing audience stand on how they're going to 423 00:21:25,880 --> 00:21:29,040 Speaker 1: touch you know, speaking of that and that's and being 424 00:21:29,040 --> 00:21:31,680 Speaker 1: a newsy. One thing I am looking at is that 425 00:21:32,240 --> 00:21:38,159 Speaker 1: North Korea participating in the Olympics in South Korea, and 426 00:21:38,280 --> 00:21:40,240 Speaker 1: that's really is a big thing. That's going to be 427 00:21:40,280 --> 00:21:44,960 Speaker 1: a big topic. There's always some geopolitical bend to the games, 428 00:21:45,200 --> 00:21:49,399 Speaker 1: perhaps never like this one because of the strife between 429 00:21:49,440 --> 00:21:51,199 Speaker 1: the US and North Korea and the distance of the 430 00:21:51,200 --> 00:21:54,960 Speaker 1: countries and the tension for years. Interesting you know, sponsors 431 00:21:54,960 --> 00:21:56,879 Speaker 1: and but you know, everybody's nervous. But is there an 432 00:21:56,920 --> 00:22:00,280 Speaker 1: insurance hangle on this if they don't happen. There's certainly 433 00:22:00,320 --> 00:22:02,399 Speaker 1: a lot of insurance that was taken out for South Korea, 434 00:22:02,680 --> 00:22:05,240 Speaker 1: harder to get insurance and for games in South Korea 435 00:22:05,320 --> 00:22:09,200 Speaker 1: just because of the nature of their their neighbor to 436 00:22:09,240 --> 00:22:12,840 Speaker 1: the North. Um. Yes, there's a there's definitely an insurance angle. 437 00:22:13,240 --> 00:22:15,680 Speaker 1: People paid a lot for for a lot more coverage 438 00:22:15,680 --> 00:22:19,840 Speaker 1: that covers things like possible war, things like God forbid 439 00:22:19,880 --> 00:22:24,600 Speaker 1: a nuclear attack, etcetera. Um, So, yes, there's there's there's 440 00:22:24,600 --> 00:22:26,800 Speaker 1: more insurance being paid right now just by virtue of 441 00:22:26,840 --> 00:22:29,000 Speaker 1: the fact that it's such a tenuous region, uh and 442 00:22:29,040 --> 00:22:32,080 Speaker 1: it's so close to such a studious actor. And then 443 00:22:32,119 --> 00:22:35,840 Speaker 1: in ten years Los Angeles, we will get the Olympics 444 00:22:35,840 --> 00:22:37,600 Speaker 1: here in the United States. We had a chance to 445 00:22:37,640 --> 00:22:42,000 Speaker 1: talk to Casey Wasserman of the Elite Olympic Bid Committee 446 00:22:42,359 --> 00:22:45,639 Speaker 1: about winning that bid. We just did something that you know, 447 00:22:45,680 --> 00:22:49,480 Speaker 1: American cities have done a very uh poor jaba, which 448 00:22:49,520 --> 00:22:52,080 Speaker 1: is winning bids for Olympic Games and to winning a 449 00:22:52,080 --> 00:22:53,840 Speaker 1: bid for a summer games have been done once in 450 00:22:53,880 --> 00:22:55,840 Speaker 1: the last hundred years. And so we're proud to be 451 00:22:55,880 --> 00:22:58,080 Speaker 1: able to say the Olympic Games that come to Los Angeles, 452 00:22:58,640 --> 00:23:00,520 Speaker 1: I'm happy they're coming to Los ange list But was 453 00:23:00,560 --> 00:23:04,199 Speaker 1: it by default? Guys? There has been a sea change 454 00:23:04,240 --> 00:23:08,680 Speaker 1: in how cities go about bidding or even saying they 455 00:23:08,760 --> 00:23:11,960 Speaker 1: want or do not want the Olympics. This was brought 456 00:23:12,000 --> 00:23:15,440 Speaker 1: about because so many other cities dropped out. They changed 457 00:23:15,480 --> 00:23:18,240 Speaker 1: the entire way. They awarded two Olympics and once Paris 458 00:23:18,240 --> 00:23:21,960 Speaker 1: and four l A and T and l A is 459 00:23:22,040 --> 00:23:26,840 Speaker 1: best positioned because they have the infrastructure, they have the stadiums, 460 00:23:26,840 --> 00:23:30,159 Speaker 1: they have the college, they have everything's almost almost everything 461 00:23:30,240 --> 00:23:32,840 Speaker 1: is already built. And if you look back at Rio 462 00:23:33,080 --> 00:23:37,000 Speaker 1: or Athens or Sydney, the fact that so many of 463 00:23:37,040 --> 00:23:40,879 Speaker 1: these games were in the in the red, that's a 464 00:23:40,960 --> 00:23:45,160 Speaker 1: problem and cities just weren't willing to take on the 465 00:23:45,200 --> 00:23:47,800 Speaker 1: cost of the Olympics. Was a fifty billion dollars spent 466 00:23:47,880 --> 00:23:50,399 Speaker 1: for Sochi. Who wants to do that these days? And 467 00:23:50,440 --> 00:23:53,640 Speaker 1: beyond that, having a games in America makes everything about 468 00:23:53,640 --> 00:23:57,280 Speaker 1: the business of the Olympics bigger. It's the biggest media market. 469 00:23:57,400 --> 00:23:59,400 Speaker 1: You know, the NBC pays more than anyone else for 470 00:23:59,400 --> 00:24:03,200 Speaker 1: for the rights. UH. Sponsors pay more for games in America. 471 00:24:03,320 --> 00:24:05,800 Speaker 1: You know, there's gonna be probably better ticket sales here 472 00:24:05,800 --> 00:24:08,920 Speaker 1: than there would be elsewhere. For everything about the Olympic 473 00:24:08,960 --> 00:24:13,320 Speaker 1: business model l A is gangbusters. And you have ten 474 00:24:13,480 --> 00:24:16,199 Speaker 1: ten years of lead up to to signing those deals, 475 00:24:16,640 --> 00:24:19,480 Speaker 1: which is great. The one thing I'm worried about, the 476 00:24:19,800 --> 00:24:22,359 Speaker 1: World Cup is gonna be here two years before that. 477 00:24:22,520 --> 00:24:25,040 Speaker 1: Most likely they haven't chosen it yet, but all signs 478 00:24:25,080 --> 00:24:27,800 Speaker 1: point to to the US leading a North American group 479 00:24:27,960 --> 00:24:31,879 Speaker 1: to host the World Cup in UH. There's possibility of 480 00:24:31,960 --> 00:24:34,080 Speaker 1: some cities out in the West bidding on the Winter 481 00:24:34,160 --> 00:24:37,840 Speaker 1: Olympics as well, so if that happens, if you have 482 00:24:37,920 --> 00:24:41,600 Speaker 1: two premier sporting events happening in America two years before 483 00:24:42,000 --> 00:24:44,760 Speaker 1: l A, I wonder if there may be some wind 484 00:24:44,840 --> 00:24:47,240 Speaker 1: let out of the sales there. The Olympics will get 485 00:24:47,280 --> 00:24:50,399 Speaker 1: the Olympics here in Los Angeles. And one of the 486 00:24:50,400 --> 00:24:53,359 Speaker 1: big things about the Olympics that I like, especially the 487 00:24:53,400 --> 00:24:57,600 Speaker 1: summer games watching basketball. Now, let's talk about the big 488 00:24:57,640 --> 00:25:01,040 Speaker 1: boys in the n b A, and let's talk about 489 00:25:01,080 --> 00:25:03,119 Speaker 1: Tillman for Tita. He is the new owner of the 490 00:25:03,119 --> 00:25:07,720 Speaker 1: Houston Rockets. And if there's anybody who knows numbers, it's Tillman. 491 00:25:07,800 --> 00:25:11,840 Speaker 1: For Tita. I'm a guy that focuses everything on ebida 492 00:25:12,119 --> 00:25:14,679 Speaker 1: and and everything I've ever bought. I make the numbers 493 00:25:14,680 --> 00:25:18,480 Speaker 1: work even away. Now, is that like a character in 494 00:25:18,520 --> 00:25:20,560 Speaker 1: Harry Potter? What is he talking about? That's exactly what 495 00:25:20,720 --> 00:25:24,800 Speaker 1: he is talking about. Earnings before inches, taxes, depreciation and amortization. 496 00:25:25,000 --> 00:25:27,720 Speaker 1: So this is a guy who has a TV show 497 00:25:27,760 --> 00:25:31,480 Speaker 1: called Billion Dollar Buyer. He goes in and for Tita 498 00:25:31,560 --> 00:25:34,720 Speaker 1: will know, what do I pay per unit for those 499 00:25:34,760 --> 00:25:38,359 Speaker 1: little shampoo bottles in my hotels? What does it cost 500 00:25:38,400 --> 00:25:41,359 Speaker 1: me per unit against the ones you steal? And He 501 00:25:41,400 --> 00:25:44,480 Speaker 1: accounts for that. So if anybody knew how to crunch 502 00:25:44,600 --> 00:25:46,760 Speaker 1: numbers to see if things penciled out on the back 503 00:25:46,760 --> 00:25:50,240 Speaker 1: of a napkin, it's Tillman for Tita. And he told 504 00:25:50,320 --> 00:25:54,600 Speaker 1: us that guaranteed us guaranteed that the Rockets built will 505 00:25:54,600 --> 00:25:57,920 Speaker 1: be worth three billion dollars in five years. The future 506 00:25:58,000 --> 00:26:03,560 Speaker 1: of basketball is bright because of globalization and because of 507 00:26:03,640 --> 00:26:06,399 Speaker 1: the scale in media. Even there are a few better metrics, 508 00:26:06,400 --> 00:26:08,040 Speaker 1: in my opinion, to judge kind of the health of 509 00:26:08,040 --> 00:26:09,560 Speaker 1: the league than what people are willing to pay for 510 00:26:09,600 --> 00:26:12,639 Speaker 1: their franchises. In two thousand fourteen, when West Eaton's and 511 00:26:12,800 --> 00:26:16,280 Speaker 1: Mark Lazarie about the Bucks for fifty million dollars, we 512 00:26:16,320 --> 00:26:18,280 Speaker 1: sat there and thought, wow, that's a big number. That 513 00:26:18,320 --> 00:26:21,160 Speaker 1: looks like a steel Now people thought they were crazier 514 00:26:21,200 --> 00:26:24,320 Speaker 1: than than Steve Balmer at two billion, going to Milwaukee. 515 00:26:24,680 --> 00:26:27,520 Speaker 1: And while we're there, by the way, they have their 516 00:26:27,560 --> 00:26:30,200 Speaker 1: new arena coming on. It's a real estate. And now 517 00:26:30,240 --> 00:26:32,440 Speaker 1: we have we have the Nets, we have the Rockets, 518 00:26:32,480 --> 00:26:35,120 Speaker 1: both selling for over two billion dollars. Not just how much, 519 00:26:35,160 --> 00:26:38,159 Speaker 1: but who's buying exactly. You know, Joe Sigh, you know 520 00:26:38,680 --> 00:26:41,560 Speaker 1: Steve Balmer, you know Tellman for Tita. You know, you've 521 00:26:41,560 --> 00:26:44,359 Speaker 1: got these huge guys who made their money elsewhere, who 522 00:26:44,480 --> 00:26:47,119 Speaker 1: understand kind of xs and o's of business how to 523 00:26:47,160 --> 00:26:50,280 Speaker 1: make something profitable. They're buying into the NBA, and they're 524 00:26:50,320 --> 00:26:53,280 Speaker 1: doing it, as you said, because A it's huge with millennials. 525 00:26:53,400 --> 00:26:56,040 Speaker 1: Younger crowds are loving it. And B if you look 526 00:26:56,080 --> 00:26:59,560 Speaker 1: at the possibilities overseas, it's much bigger than you look 527 00:26:59,600 --> 00:27:02,480 Speaker 1: at the sp like football. Tilman for Tita has something 528 00:27:02,480 --> 00:27:04,800 Speaker 1: in common with a couple of other owners. They're in 529 00:27:04,840 --> 00:27:09,480 Speaker 1: the so called entertainment gambling business too. Again, it will 530 00:27:09,560 --> 00:27:12,760 Speaker 1: certainly help the sports. Betting will certainly help the NBA. 531 00:27:13,320 --> 00:27:17,720 Speaker 1: But they are going to distribute highlights, their audience, their players. 532 00:27:17,840 --> 00:27:20,159 Speaker 1: Everybody seems to be on social they seem to be 533 00:27:20,200 --> 00:27:24,119 Speaker 1: on Snapchat and Twitter. They are there, ye way bo. 534 00:27:24,280 --> 00:27:28,120 Speaker 1: Of course their audience is there. They're gonna deliver cent 535 00:27:28,240 --> 00:27:30,399 Speaker 1: highlight packages. Want to watch the final two minutes of 536 00:27:30,440 --> 00:27:33,800 Speaker 1: this game? Pay us a dollar nine. Very well positioned. 537 00:27:34,200 --> 00:27:37,000 Speaker 1: The the NBA is going to be very interesting in 538 00:27:37,040 --> 00:27:39,399 Speaker 1: the next five ten years. And the NBA has bona 539 00:27:39,440 --> 00:27:41,840 Speaker 1: fide stars. You know, can you can you think of 540 00:27:42,000 --> 00:27:44,320 Speaker 1: name three NFL players that have any kind of the 541 00:27:44,359 --> 00:27:47,399 Speaker 1: cache that your top Steph Courier Lebron have, there's nobody 542 00:27:47,520 --> 00:27:51,399 Speaker 1: had big Thanks to whilere Bloomberg Sports reporter Evan no 543 00:27:51,480 --> 00:27:54,080 Speaker 1: Wi Williams for joining us today to talk some of 544 00:27:54,119 --> 00:27:56,639 Speaker 1: our favorite moments in the sports industry and what we 545 00:27:56,720 --> 00:28:00,639 Speaker 1: look forward to in you've been listening to the Bloomberg 546 00:28:00,760 --> 00:28:04,520 Speaker 1: Business of Sports special. I'm Michael barn and I'm Scott Sashnik. 547 00:28:04,560 --> 00:28:06,560 Speaker 1: Thank you for joining us. Please tune into our Business 548 00:28:06,560 --> 00:28:09,000 Speaker 1: of Sports show every Friday night at eight pm Eastern 549 00:28:09,040 --> 00:28:11,399 Speaker 1: Time and noon on Saturday, where we talked to the 550 00:28:11,400 --> 00:28:14,240 Speaker 1: biggest and brightest in the sports industry. You're listening to 551 00:28:14,240 --> 00:28:17,520 Speaker 1: Bloomberg Business of Sports on Bloomberg Radio around the world 552 00:28:17,560 --> 00:28:20,080 Speaker 1: and online as an Apple podcast on i tun