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Speaker 1: This is the Business of Sports. Sports are the greatest

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Speaker 1: unscripted show owner.

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Speaker 2: The next generation of players who really grew up with

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Speaker 2: tech and believe in tech.

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Speaker 3: Your face is your ticket, your face is your wallet,

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Speaker 3: your face is your access to a club. These are

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Speaker 3: such iconic and important buildings for businesses.

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Speaker 2: For fans, COVID was one of the best things that

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Speaker 2: ever happened to go.

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Speaker 4: The NFL is a bulletproof business.

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Speaker 3: Racing is unique because there is absolutely no reason why

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Speaker 3: we can't compete with the guys.

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Speaker 4: I'm well, it's pro pickaball real.

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Speaker 5: Are people really going to tune into this?

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Speaker 6: If you're playing moneyball with a huge bag of money,

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Speaker 6: you're going to be really, really good.

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Speaker 1: Bloomberg Business of Sports from Bloomberg Radio.

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Speaker 7: Hello, this is the Bloomberg Business of Sports, where we

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Speaker 7: explore the big money issues in the world of sports.

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Speaker 7: I'm Michael Barr, along with my coll leagues Damian Sasaur

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Speaker 7: and Vanessa Perdomo. Coming up on the show, we take

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Speaker 7: stock of the MLB season at its midway point with

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Speaker 7: MLB network end signer John Morosi.

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Speaker 3: The idea of this is entertainment, and I would challenge

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Speaker 3: anyone who even remotely likes baseball that if they spent

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Speaker 3: their evening on Tuesday watching the game and turned it off,

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Speaker 3: that anybody would have said, Ah, nothing entertaining about that.

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Speaker 7: Plus, the NBA is looking to expand for the first

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Speaker 7: time in more than two decades. We get the latest

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Speaker 7: and find out which cities are the early favorites to

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Speaker 7: land a new NBA franchise. All that is on the

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Speaker 7: way on the Bloomberg Business of Sports. But first, Apple

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Speaker 7: is diving into F one racing. Beyond the new movie

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Speaker 7: with Brad Pitt, the iPhone maker is set to win

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Speaker 7: the rights to stream Formula one in the US for

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Speaker 7: one hundred and fifty million dollars a year, a figure

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Speaker 7: up almost two times from the currently F one deal

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Speaker 7: with ESPN. For more on this and some of her

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Speaker 7: other recent reporting, we welcome back Bloomberg Intelligence senior media

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Speaker 7: analysts Geeza rackenoffin Giza. Welcome back to the Bloomberg Business

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Speaker 7: of Sports.

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Speaker 2: Thank you so much for having me.

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Speaker 7: The movie that came out with Brad Pitt F one,

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Speaker 7: the movie has it kind of supercharged the TV rights

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Speaker 7: here in the US for F one Racing.

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Speaker 2: I definitely think so. I think the success of that

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Speaker 2: movie has been kind of instrumental for really kind of

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Speaker 2: jolting this whole bidding process. Because we know that the

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Speaker 2: F one rights have now been on the market for

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Speaker 2: quite a while, everybody was kind of kicking the tires.

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Speaker 7: Right.

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Speaker 2: The rights are currently held by ESPN Disney's ESPN, which

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Speaker 2: is being about eighty five million dollars a year. These

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Speaker 2: are only for US telecast rights. We know Netflix was interested,

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Speaker 2: They probably looked at it. Amazon probably looked at it.

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Speaker 2: Warner Brothers said that they were probably interested, and you know,

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Speaker 2: we had some rumors or some inkling about Apple also

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Speaker 2: being interested. But I think after the F one movie

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Speaker 2: came out and performed as well as it did. By

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Speaker 2: the way, it's grossed about four hundred million dollars globally,

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Speaker 2: so it's you know, by is that all any account? Yeah,

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Speaker 2: it's done really really well. And this is considering that

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Speaker 2: the movie was produced by Apple, which by the way,

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Speaker 2: has had a pretty disastrous track record at the box office.

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Speaker 2: So you know, this movie really kind of surpassing expectations,

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Speaker 2: doing really well and kind of speaking to you know,

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Speaker 2: the popularity of the sport. It's a global sport. I

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Speaker 2: think that's what kind of really emboldened Apple to kind

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Speaker 2: of make that commitment and bid. What we've heard right

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Speaker 2: now about one hundred and fifty million dollars per year

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Speaker 2: just for the US rights for Formula one. So that's

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Speaker 2: a pretty healthy step up from what ESPN was paying.

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Speaker 1: Well, Githa, we know that Formula one was looking for

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Speaker 1: something on the order of one hundred and eighty million

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Speaker 1: dollars a year. Do we have any color as to

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Speaker 1: what Apple is has offered them with what they settled on.

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Speaker 2: The range has been anywhere from about one hundred and

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Speaker 2: fifty to two hundred million. That's what Apple is said

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Speaker 2: to have offered the final reports that have come in

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Speaker 2: and again nothing is official so far from either Formula

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Speaker 2: one or from Apple, but Business Insider and some of

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Speaker 2: the other new sources were reporting that they have offered

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Speaker 2: one hundred and fifty million, which is again a pretty

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Speaker 2: good step up. That's almost an eighty percent increase from

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Speaker 2: what ESPN is currently paying, which again is really healthy

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Speaker 2: because when you kind of look at the Formula one

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Speaker 2: bidding process, Yeah, initially there was a lot of excitement.

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Speaker 2: I mean, this is, you know, a global racing circuit.

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Speaker 2: People are interested it's a younger audience. There's a lot

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Speaker 2: of female interest that has been growing, so obviously it

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Speaker 2: would be a coveted property. But then you know Disney's ESPN,

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Speaker 2: which is the incumbent right now it holds the rights,

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Speaker 2: has been taking a very very measured approach, so they

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Speaker 2: have you know, they kind of let the exclusive period,

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Speaker 2: a negotiating period expire with Formula one. They did the

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Speaker 2: same thing with the UFC. They dropped out of the MLB,

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Speaker 2: So the making a very hard look when it comes

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Speaker 2: to renewing sports rights. And then you had you know,

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Speaker 2: obviously Netflix and Amazon and everybody. But I think what

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Speaker 2: happened with those streamers is they really wanted global rights.

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Speaker 2: I mean, this is a global racing circuit. Obviously it

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Speaker 2: makes sense to have global rights. And because this is

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Speaker 2: only a domestic rights package, I think the bidding process

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Speaker 2: kind of cooled down quite a bit. So what happened

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Speaker 2: as investors were resetting their expectations, They were thinking that

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Speaker 2: maybe you know, Formula one is not going to be

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Speaker 2: able to get the increase that it was looking for.

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Speaker 2: Maybe the increase would be more in like the thirty

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Speaker 2: to forty to fifty percent range. But the fact that

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Speaker 2: Apple went out and got this, uh you know, basically

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Speaker 2: bid eighty percent over it just shows that again sports

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Speaker 2: market is healthy, Formula one isn't a good place. And

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Speaker 2: for Apple, of course, this is just a drop in

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Speaker 2: the bucket.

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Speaker 8: I mean, one hundred and fifty million dollars a year

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Speaker 8: really is in that much when you take a look

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Speaker 8: at a lot of the other you know, properties, even

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Speaker 8: in motorsport, NASCAR's deals seven billion for seven years. So

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Speaker 8: why is Formula one so much further behind there?

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Speaker 2: Do you think?

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Speaker 8: Is it just newer in the US or why is

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Speaker 8: it seen as a big deal just for one hundred

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Speaker 8: and fifty million.

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Speaker 2: Yeah, it's definitely a much smaller kind of circuit when

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Speaker 2: it comes to the US. I mean, this is much

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Speaker 2: bigger popularity in Europe. So you know, we've been actually

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Speaker 2: kind of tracking the rise in popularity of Formula one

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Speaker 2: and how liberty Formula one has really been kind of

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Speaker 2: cashing in. Actually the launch of the Netflix series Drive

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Speaker 2: to Survive that really kind of broadened the appeal of

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Speaker 2: the sport. So I think in many ways that was

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Speaker 2: kind of instrumental. So if you just kind of Venessa,

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Speaker 2: if you just kind of track viewership just a few

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Speaker 2: years ago for Formula One races in the US, you know,

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Speaker 2: we're looking at about half a million. So today, with

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Speaker 2: all of that increased awareness, it's closer to about almost

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Speaker 2: one and a half million. So they've managed to almost

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Speaker 2: double to triple their audience space. But again, this is

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Speaker 2: small potatoes when you compared with some of the viewership

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Speaker 2: number in the European market.

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Speaker 1: Well, you know, Githa, I mean the implications looking ahead

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Speaker 1: here for the UFC, right, because they're up next. I mean,

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Speaker 1: and UFC is a bit of a different animal, right,

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Speaker 1: I mean, that's year round programming and they don't have

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Speaker 1: you know, the European you know, media rights aren't spoken

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Speaker 1: for already. You know, what can we look through? What

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Speaker 1: can we expect the UFC to get for for for

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Speaker 1: its service?

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Speaker 2: Yeah, so right away, you know, when we kind of

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Speaker 2: saw these numbers, our first knee jerk reaction was this

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Speaker 2: is really good news for the UFC. So we know

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Speaker 2: that currently again ESPN is the incumbent Namian for the

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Speaker 2: UFC as well. They're paying roughly about five hundred million

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Speaker 2: dollars for two separate packages. One is broadcast, one is

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Speaker 2: on you know, ESPN plus what we think is going

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Speaker 2: to happen since they've kind of walked away from the

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Speaker 2: exclusive negotiating period. We think UFC has by the way,

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Speaker 2: demanded at least a billion dollars, so they're looking to

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Speaker 2: double their fees. We think the UFC can easily get that.

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Speaker 2: And again, you spoke to all of these you know,

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Speaker 2: plus points with the UFC right again, you have a

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Speaker 2: year round programming, you have a global audience base, you

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Speaker 2: have this whole rise in this super fan base, if

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Speaker 2: you will, and all of that. There's so much engagement

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Speaker 2: that we're seeing right now in terms of you know,

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Speaker 2: fans for combat sports, and so UFC kind of ticks

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Speaker 2: all of those boxes. We see, you know, week after week,

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Speaker 2: we see WWE RAW doing really well on Netflix. You know,

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Speaker 2: anytime you open up Netflix Top ten, you see that

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Speaker 2: doing really well. But what we think is going to

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Speaker 2: happen with the UFC rights process is we think that

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Speaker 2: this is really going to be split up into multiple packages.

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Speaker 2: We saw that happen with the NBA, you know, the

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Speaker 2: NBA creating more packages and basically scoring almost a tripling

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Speaker 2: in their rights fees just by kind of introducing Amazon

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Speaker 2: and NBC into the mix, and so we think something

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Speaker 2: very similar is going to happen with the UFC as well.

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Speaker 2: You know, you probably will have a streamer like a

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Speaker 2: Netflix or an Amazon kind of get into the bidding

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Speaker 2: process here, and you'll have ESPN also kind of hold

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Speaker 2: on to at least one of the packages.

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Speaker 7: Well, what Apple is banking on from people like old

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Speaker 7: Man gearhead Bar and many others like me, is that

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Speaker 7: you got to get the Apple service to get the

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Speaker 7: streaming and pay for it. And likely yes, I'm now

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Speaker 7: going to pay for Apple, And that's what I think

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Speaker 7: Apple is banking on.

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Speaker 2: Either, You're absolutely right. I mean Live Sports is you know,

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Speaker 2: some of the most important program for streaming services. I mean,

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Speaker 2: time and time again, we've seen that premier sporting events

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Speaker 2: can drive subscriptions like nothing else. So you know, you

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Speaker 2: think about Peacocks during the paras Olympics. You think about

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Speaker 2: Peacock having that one NFL Wildcard game getting almost three

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Speaker 2: to four million subscribers just in a few hours. Or

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Speaker 2: you even think about Netflix with WWE eraw paramount plus

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Speaker 2: with UEFA Champions League. So all of these sporting sporting

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Speaker 2: you know, events really drive subscrib Amazon has seen the

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Speaker 2: same thing with you know, the NFL and now hopefully

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Speaker 2: with the NBA. So yes, absolutely Apple is banking on

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Speaker 2: the exact same thing too. The only thing that I

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Speaker 2: would add here, Michael, is that Apple has dabbled a

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Speaker 2: little bit in sports. So they did take the MLB,

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Speaker 2: the Friday night games, they did take the MLS. We

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Speaker 2: don't think that, you know, any of those have been

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Speaker 2: a game changer, if you will, And a lot of

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Speaker 2: that is just because Apple TV plus still is kind

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Speaker 2: of a laggard, just when you compare all of the

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Speaker 2: other streamers. So they have an estimated forty five million subscribers,

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Speaker 2: but you compare that to the big dogs out there.

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Speaker 2: You think of a Netflix over three hundred million subscribers.

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Speaker 2: You think of you know, an Amazon Prime about two

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Speaker 2: hundred and seventy five million, Disney well over one hundred

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Speaker 2: and fifty million. So Apple, I think the problem for

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Speaker 2: them is going to be reach. But you're absolutely right, Yes,

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Speaker 2: they are going to use this property to basically boost

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Speaker 2: subscriptions to basically not just boot subscriptions, also retain subscribers

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Speaker 2: as well.

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Speaker 7: One's a great product. There were concerns though, that the

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Speaker 7: bidding process wasn't very competitive. Why is that.

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Speaker 2: Yeah, So they're just a whole different set of reasons

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Speaker 2: for you know, why it wasn't competitive. One is that

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Speaker 2: the incumbent, which is you know, Disney's ESPN, is really

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Speaker 2: on this cost cutting drive. So just a few years ago, Michael,

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Speaker 2: their content budget was thirty three billion. After Barb Bieger

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Speaker 2: came back, they basically, you know, said they're all about

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Speaker 2: riding the ship. They're all about kind of really cutting

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Speaker 2: down the fat, cutting down the bloat, and so they

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Speaker 2: are actually they committed to a content budget of about

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Speaker 2: twenty three billion dollars. This means that any sports rights,

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Speaker 2: anything that comes up for renewal, they are taking a

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Speaker 2: very very hard look at it, which is why they

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Speaker 2: didn't go jumping, you know, to renew the UFC, they

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Speaker 2: didn't go jumping to renew the Formula one. They've opted

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Speaker 2: out of MLB, so they're, you know, they are really

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Speaker 2: on this cost cutting drive. And then in terms of

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Speaker 2: the other streamers, like you know, in Netflix or Amazon,

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Speaker 2: I think what they really wanted was global rights. And

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Speaker 2: with the fund, what we're seeing is this is only

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Speaker 2: the US rights package, So it's just a small sliver

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Speaker 2: of the you know, the entire property, and we don't

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Speaker 2: think Netflix was necessarily interested in that because you know,

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Speaker 2: this is a global racing circuit. You do want to

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Speaker 2: have global rights to to kind of be able to

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Speaker 2: get that reach, to get that engagement, and so that's

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Speaker 2: why we think that the bidding process kind of lost

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Speaker 2: a little bit of momentum. But I think again the

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Speaker 2: movie came and it really kind of jolted that whole process.

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Speaker 7: Our thanks to KEITHA. Raghanoff, and she is Senior Media

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Speaker 7: Analyst for Bloomberg Intelligence. Up next, we turn to the

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Speaker 7: NBA and its plans to expand for the first time

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Speaker 7: in decades. Amian sasaur and Vanessa Berdomo. I'm Michael Barr.

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Speaker 7: You're listening to the Bloomberg Business of Sports from Bloomberger

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Speaker 7: Radio around the world.

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Speaker 6: This is Bloomberg Business of Sports from Bloomberg Radio.

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Speaker 7: This is the Bloomberg Business of Sports where we explore

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Speaker 7: the big money issues in the world of sports. Michae L. Barr,

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Speaker 7: along with Damian Sasawer and Vanessa Bernomo, the NBA de

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Speaker 7: eyeing expansion for the first time since two thousand and four,

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Speaker 7: and here to take us through what we know and

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Speaker 7: which cities might get a new NBA team soon. Is

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Speaker 7: Bloomberg US sports business reporter Randa Williams Randall, Welcome back

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Speaker 7: to the Bloomberg Business of Sports.

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Speaker 5: I appreciate you all for having me. As always, we.

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Speaker 7: Got to talk about, first of all, the NBA and

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Speaker 7: your story. Looks like the league is going to have

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Speaker 7: its first expansion in twenty years unless you know, unless

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Speaker 7: something changes. But there's been a lot of heavy chatter

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Speaker 7: about it. Randall.

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Speaker 6: Look, I spent a couple days in Vegas and that

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Speaker 6: was the biggest topic of the week was with the

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Speaker 6: NBA officially now expansion, and they did just didn't happen

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Speaker 6: in the way that I think a lot of people

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Speaker 6: expected it to. When you announced expansion, people think like, oh, well,

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Speaker 6: I can put my bin in tomorrow. I want to

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Speaker 6: be in Nashville, I want to be in Seattle, I

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Speaker 6: want to be in Las Vegas. And that's not what

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Speaker 6: the league did. The league said, look, we're starting the

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Speaker 6: expansion process. We have to analyze things both economic and

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Speaker 6: non economic. So you have people excited, but not the

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Speaker 6: level of excitement. Did you think, Well, here's the thing.

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Speaker 1: Let's just say, for example, it's Las Vegas against Seattle, right,

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Speaker 1: and it had to go to one of the two,

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Speaker 1: you know, or Nash whatever.

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Speaker 7: But you know, here's my question.

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Speaker 1: You've got, I mean the money behind the Las Vegas team.

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Speaker 1: I mean, I'm talking Lebron, James Fenway Sports Redbird, I

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Speaker 1: mean the full smash. And then you know, I don't

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Speaker 1: know what's going on in Seattle, but wouldn't it be

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Speaker 1: awesome to see Sean Kemp and Gary Payton and those

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Speaker 1: old supersonic jerseys back. I mean, like, I mean, like,

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Speaker 1: how do you compete against Las Vegas?

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Speaker 6: Well, I think that those are two completely different situations.

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Speaker 6: In Seattle, you have Samantha Holloway who's the daughter of

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Speaker 6: David Bonderman, and she owns the Seattle Kraken and also

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Speaker 6: has the stadium ready to go. And then in Las Vegas,

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Speaker 6: as you said, there's the Fenway, Redbird and Lebron group.

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Speaker 6: There is Bill Foley, and then Mark Lazari is also

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Speaker 6: in the hat as well. But I'm told that they

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Speaker 6: are not the only people who are interested. There's plenty

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Speaker 6: more people involved. And what it becomes is, you know,

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Speaker 6: what is the expansion fee going to be last summer?

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Speaker 6: People told me they expected it to be between four

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Speaker 6: and five billion, But that was before the Celtics sold.

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Speaker 6: That was before the Lakers sold, And so now it's

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Speaker 6: a thing of like if the floor and reminder that

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Speaker 6: the Lakers and Celtics sold without owning their arena, meaning

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Speaker 6: they don't make money from these concerts and things like that,

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Speaker 6: the same way it's let's say, you know, Madison Square

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Speaker 6: Garden would with that in mind, what in the world

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Speaker 6: would is this expansion fee going to be and who's

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Speaker 6: going to be priced out of it?

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Speaker 9: So the question there that is interesting to me is

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Speaker 9: if there's this bidding war going on in Vegas, does

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Speaker 9: that mean the expansion fee for Vegas or whatever is

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Speaker 9: going on there can be different than if Seattle gets

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Speaker 9: a team and it's just given to Samantha Holloway or whatever.

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Speaker 6: It's still to be determined. That's the best answer I

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Speaker 6: can give. I would imagine that this Seattle, if Seattle

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Speaker 6: is chosen, that Seattle would go for less than Vegas,

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Speaker 6: just because I think competition is going to drive that

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Speaker 6: Vegas price way way up. I wrote like last summer

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Speaker 6: that that team could sell for seven billion, and people

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Speaker 6: looked at me like I was crazy in large part

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Speaker 6: because you know, there's Team Mobile Arena there, but there's

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Speaker 6: no guarantee that someone doesn't want to build their own

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Speaker 6: arena and doesn't want to strike a deal with Bill

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Speaker 6: Foley and the people who operate Team Mobile Arena. And

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Speaker 6: so you know, you look at what stadiums and arenas

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Speaker 6: are going for today, they're two to three billion dollars,

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Speaker 6: and you know, it could be a five billion dollars

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Speaker 6: mansion fee, it could be a four billion dollars mansion fee,

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Speaker 6: and that cash is just very, very steep. And something

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Speaker 6: we also haven't mentioned is what are the Trailblazers sell for?

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Speaker 6: That could be the floor of this.

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Speaker 7: And keep in mind too and lant As, you guys

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Speaker 7: have mentioned that Samantha Holloway as co owner of the

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Speaker 7: NHL Seattle Kraken, and she is probably a very pivotal

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Speaker 7: part in getting the team, or at least bringing a

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Speaker 7: team back to Seattle. And I think they should just

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Speaker 7: use the SuperSonics team name, just bring it back.

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Speaker 6: Yeah, I think that's likely to happen, but it just

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Speaker 6: begs the question again of like what's the price going

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Speaker 6: to be? Because the reality is that there can be

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Speaker 6: people priced out of this.

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Speaker 5: There are some looks.

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Speaker 6: All billionaires are very rich, but you're talking about if

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Speaker 6: it's six billion or five and a half billion, that's

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Speaker 6: a lot of cash. And I mean you think about

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Speaker 6: what the Commander is sold for a six point five

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Speaker 6: and Celtics is six 't one.

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Speaker 5: But this expansion fee is huge. It's huge.

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Speaker 6: And the longer that this process goes on, the NBA's

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Speaker 6: process of evaluating things and doing this analysis that Adam

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Speaker 6: Silver has spoken of, I think the price is going

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Speaker 6: to continue to grab.

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Speaker 1: Julie Rise, well, you know, Randal, I mean, when you

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Speaker 1: just look at the average NBA team's full year twenty

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Speaker 1: three twenty four revenue, you're talking something on order of

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Speaker 1: what three hundred and eighty eight million dollars per year,

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Speaker 1: you know, so there's still a lot of untapped inherent

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Speaker 1: value in there at yet. Yet you know where I

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Speaker 1: get a little bit confused is you know, there's no guarantees,

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Speaker 1: as you rightly point out, there's no guarantees there's a stadium,

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Speaker 1: there's no guarantees that they're going to do their job creative,

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Speaker 1: you know, franchise values, create a brand, get people to

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Speaker 1: reach into their pockets and pay for those tickets. There's

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Speaker 1: no guarantees of anything, so there is you know, some

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Speaker 1: modicum of risk here, right, And I would imagine that

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Speaker 1: risk is a little bit greater in smaller mockerts like

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Speaker 1: Seattle or Nashville. I'm just comparing to Las Vegas. I mean,

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Speaker 1: or am I mistaken there?

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Speaker 5: Now?

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Speaker 6: I think that the risk really for the league is

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Speaker 6: that you have some owners who are interested in that

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Speaker 6: expansion fee, because you have to remember that this expansion

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Speaker 6: fee is split between all of the owners. Of course,

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Speaker 6: so if it's you know, let's say six billion, it'll

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Speaker 6: be split between.

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Speaker 5: The thirty are the owners.

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Speaker 6: But Adam Silver has pointed out some really good points,

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Speaker 6: and you know the RSN issue, which is, you know,

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Speaker 6: the regional sports networks, and then of course.

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Speaker 5: Like does it dilute the talent? When can they start playing?

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Speaker 6: All of these things that the NBA is going to

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Speaker 6: have to analyze and figure out is this the best

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Speaker 6: economic driver or do we have some other issues that we.

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Speaker 5: Need to solve first.

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Speaker 6: So if you're an investor who's been waiting for this

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Speaker 6: since Adam Silver, I believe he first mentioned it maybe

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Speaker 6: in twenty twenty or twenty twenty one. This was the

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Speaker 6: moment that you thought he was going to be like, yes,

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Speaker 6: like we are expanding, this is it, and that's not

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Speaker 6: exactly it. Yes they are expanding, but he's also said

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Speaker 6: that there is no guarantee that after the analysis that

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Speaker 6: they come back and say, eh, you know, maybe we

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Speaker 6: don't want to expand just yet.

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Speaker 5: There's no guarantees with anything.

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Speaker 8: And the interesting thing too about you're saying there's no

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Speaker 8: guarantees and we're almost talking about if they do expand,

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Speaker 8: it feels like Vegas and Seattle are unlocked and they're

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Speaker 8: already there, but before there, you know, uh, there's men

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Speaker 8: of expanding into Mexico internationally and all of that. Is

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Speaker 8: that kind of closed off or is there stills potential there?

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Speaker 6: I think that Las Vegas and Seattle are the overwhelming favorites.

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Speaker 6: Seattle because they have a stadium set up, they owned

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Speaker 6: a team, there was a team there previously, and then

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Speaker 6: Las Vegas, like that team is just going to go

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Speaker 6: for such a price that you're going to have everyone

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Speaker 6: both domestic and internationally interested in that team. I do

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Speaker 6: think that if there was a city that could potentially

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Speaker 6: rival these, it is Mexico City. It's the largest city

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Speaker 6: in North America. But who's gonna who's going to raise

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Speaker 6: their hand from that? Who's going to want to compete

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Speaker 6: against Seattle and Las Vegas? Who are these favorites? And

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Speaker 6: of course there's the issue there's like political issues. I

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Speaker 6: got it, Mexico. You know, there's there's a lot of

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Speaker 6: things to figure out there. But other cities like Nashville,

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Speaker 6: Kansas City come to mind, maybe Vancouver, but it's a

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Speaker 6: steep hill to climb to get over Seattle in Las Vegas.

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Speaker 1: Well, you know, Randall, I mean, just to your point.

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Speaker 1: You know, again, if you look at just regular old

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Speaker 1: sportc data, you know, the average NBA franchise value was

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Speaker 1: something on the other four point six billion. And that

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Speaker 1: was a while ago. They ran these numbers last year.

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Speaker 1: You know this, and you're and I think you're spot

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Speaker 1: on here because you know, if you just look at

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Speaker 1: the Lakers at that in that analysis, they were at

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Speaker 1: like eight billion, they just went for ten. You know,

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Speaker 1: you look at the Celtics, they were like five and

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Speaker 1: a half. They just went for six point one. So

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Speaker 1: I mean, you know, seven billion is is I dare

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Speaker 1: I say?

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Speaker 7: Yeah?

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Speaker 1: And that may just be like a median estimate. You know,

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Speaker 1: it could be even hot. I mean, it's pretty unbelievable,

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Speaker 1: these numbers. It's just it's kind of mine numbing.

437
00:21:34,880 --> 00:21:36,800
Speaker 6: I mean, if you look at One of the things

438
00:21:36,840 --> 00:21:38,879
Speaker 6: that's interesting to look at is if you look across

439
00:21:39,000 --> 00:21:43,159
Speaker 6: sports in the bigger leagues, the NFL, NBA, and MLB,

440
00:21:43,760 --> 00:21:47,880
Speaker 6: and you compare the valuations of the professional franchises there.

441
00:21:47,960 --> 00:21:50,040
Speaker 6: So you compare the Knicks to the Yankees, of the

442
00:21:50,080 --> 00:21:54,320
Speaker 6: Giants to the Jets, all of those, the Mets, of course,

443
00:21:54,720 --> 00:21:57,960
Speaker 6: you compare those franchises and they're all in the same ballpark.

444
00:21:58,440 --> 00:21:59,320
Speaker 5: In Las Vegas.

445
00:21:59,359 --> 00:22:01,520
Speaker 6: There's a little bit less of that just because the

446
00:22:01,640 --> 00:22:04,560
Speaker 6: Raiders are there, you have the aces there, the athletics

447
00:22:04,560 --> 00:22:07,280
Speaker 6: aren't playing there yet, and so then you have the

448
00:22:07,359 --> 00:22:10,359
Speaker 6: NBA coming in and whoever owns that franchise is not

449
00:22:10,400 --> 00:22:12,800
Speaker 6: going to have any trouble selling luxury suites. You're not

450
00:22:12,840 --> 00:22:15,720
Speaker 6: gonna have any trouble selling courtside tickets.

451
00:22:15,760 --> 00:22:16,359
Speaker 5: Pretty much the.

452
00:22:16,359 --> 00:22:18,600
Speaker 6: Exact same thing in Seattle because they have tech, the

453
00:22:18,640 --> 00:22:19,560
Speaker 6: tech presence there.

454
00:22:20,800 --> 00:22:22,960
Speaker 5: But with that in mind, that's going to bring in

455
00:22:23,000 --> 00:22:23,960
Speaker 5: the big investor pool.

456
00:22:24,160 --> 00:22:28,560
Speaker 6: It's like everybody is going to want that last golden Goose,

457
00:22:28,600 --> 00:22:31,200
Speaker 6: which is Las Vegas. Because I don't know if any

458
00:22:31,240 --> 00:22:33,600
Speaker 6: of you have been to a Raiders game, but Allegiance

459
00:22:33,640 --> 00:22:36,639
Speaker 6: Stadium is very nice and they have crazy fans, and

460
00:22:36,720 --> 00:22:38,600
Speaker 6: Las Vegas is a basketball town. I mean, if you

461
00:22:38,640 --> 00:22:42,280
Speaker 6: go into the March Madness history and their event hosting there,

462
00:22:42,920 --> 00:22:44,199
Speaker 6: it's it's going to be crazy.

463
00:22:44,720 --> 00:22:47,359
Speaker 7: Well that brings me to Goofy question number two forty

464
00:22:47,400 --> 00:22:52,560
Speaker 7: five A and about Las Vegas, and then hear me out,

465
00:22:53,280 --> 00:22:57,920
Speaker 7: why can't Las Vegas have two NBA teams? We got

466
00:22:57,920 --> 00:23:01,000
Speaker 7: two NBA teams here in the New York area, two

467
00:23:01,080 --> 00:23:05,560
Speaker 7: NBA teams in the Los Angeles area. Why can't Las

468
00:23:05,680 --> 00:23:09,919
Speaker 7: Vegas have two NBA teams? Because yeah, I get it.

469
00:23:10,080 --> 00:23:13,399
Speaker 7: You know, they're they're growing, but they're expanding fast, and

470
00:23:13,440 --> 00:23:15,959
Speaker 7: you're talking about a city that's on the runt.

471
00:23:16,160 --> 00:23:17,680
Speaker 5: I mean, I think it's a good question. I just

472
00:23:17,720 --> 00:23:18,560
Speaker 5: think it's unlikely.

473
00:23:19,680 --> 00:23:22,359
Speaker 6: And the reason for that is because, yes, like you

474
00:23:22,400 --> 00:23:24,600
Speaker 6: look at all the markets out there that own or

475
00:23:24,640 --> 00:23:28,480
Speaker 6: have two teams, and it's basically LA and New York

476
00:23:28,920 --> 00:23:31,280
Speaker 6: and Las Vegas does have the capabilities of it.

477
00:23:31,520 --> 00:23:33,360
Speaker 5: But does the NBA want to put.

478
00:23:33,160 --> 00:23:36,960
Speaker 6: Two teams there versus Seattle, and you're thinking about it

479
00:23:36,960 --> 00:23:39,600
Speaker 6: from a market perspective, Seattle might do a little bit

480
00:23:39,640 --> 00:23:41,280
Speaker 6: more than two teams in Las Vegas. And then, of

481
00:23:41,320 --> 00:23:43,879
Speaker 6: course you have the split between who's let's say it's

482
00:23:43,920 --> 00:23:47,480
Speaker 6: the Las Vegas Outlaws versus the Las.

483
00:23:47,359 --> 00:23:48,720
Speaker 5: Vegas Rattlesnakes or something.

484
00:23:49,080 --> 00:23:52,400
Speaker 6: You split a fan base and don't I don't particularly

485
00:23:52,440 --> 00:23:54,560
Speaker 6: think that's why that would be wise of the league.

486
00:23:54,600 --> 00:23:57,840
Speaker 6: But could Las Vegas sustain it and could they make money? Yes,

487
00:23:57,880 --> 00:23:59,600
Speaker 6: but I think they would cannibalize each other. I think

488
00:23:59,640 --> 00:24:02,399
Speaker 6: that one team would be more successful, and then it

489
00:24:02,440 --> 00:24:04,919
Speaker 6: would be sort of the relationship between.

490
00:24:06,119 --> 00:24:07,800
Speaker 5: I wouldn't say that Nixon the Nets.

491
00:24:07,520 --> 00:24:10,200
Speaker 6: Because I think that the Nets have the liberty and

492
00:24:10,240 --> 00:24:13,560
Speaker 6: the liberty pack out stadiums arguably more than the Nets do.

493
00:24:14,119 --> 00:24:16,040
Speaker 6: But it would be it would create a situation where

494
00:24:16,080 --> 00:24:19,280
Speaker 6: I think people would point at one team and be like, oh,

495
00:24:19,320 --> 00:24:22,440
Speaker 6: you're lame for liking them, and rally towards the other team.

496
00:24:22,600 --> 00:24:26,000
Speaker 1: I mean, you, Mike, you're asking about two teams in

497
00:24:26,040 --> 00:24:28,560
Speaker 1: Las Vegas when the Moines doesn't dwin, Iowa doesn't even

498
00:24:28,560 --> 00:24:30,239
Speaker 1: have one. I mean, come on, grow up.

499
00:24:30,280 --> 00:24:33,359
Speaker 7: I mean, you know, I'm sorry.

500
00:24:33,440 --> 00:24:39,280
Speaker 1: Then by Damien Sassara and Michael Barry can see it.

501
00:24:40,040 --> 00:24:41,000
Speaker 6: What would do more?

502
00:24:41,080 --> 00:24:42,160
Speaker 7: Team Luxury Boxes?

503
00:24:43,080 --> 00:24:47,720
Speaker 6: What would you all name the Las Vegas team? The

504
00:24:47,960 --> 00:24:51,800
Speaker 6: oh pretty good?

505
00:24:51,960 --> 00:24:55,160
Speaker 7: I was thinking the Las Vegas seven out line away team,

506
00:24:55,280 --> 00:24:57,640
Speaker 7: but that's another story. That's what I hear all the time,

507
00:24:58,880 --> 00:25:02,400
Speaker 7: right williams Man, I love you, Thank you so much

508
00:25:02,440 --> 00:25:06,040
Speaker 7: for joining us once again on the Bloomberg Business of Sports, Budd.

509
00:25:06,040 --> 00:25:07,560
Speaker 5: I appreciate you all for having.

510
00:25:07,359 --> 00:25:12,120
Speaker 7: Me hop Next, the MLB is officially back from its

511
00:25:12,240 --> 00:25:14,720
Speaker 7: All Star break. We'll take a look at some of

512
00:25:14,760 --> 00:25:17,600
Speaker 7: the biggest headlines from the first half and more for

513
00:25:17,720 --> 00:25:21,280
Speaker 7: Damien Sasaur and Vanessa Berdomo. I'm Michael Barr. You are

514
00:25:21,359 --> 00:25:25,960
Speaker 7: listening to Bloomberg Business of Sports Bloomberg Radio around the world.

515
00:25:31,560 --> 00:25:35,560
Speaker 6: This is Bloomberg Business of Sports from Bloomberg Radio.

516
00:25:36,680 --> 00:25:39,040
Speaker 7: Thanks for joining us on the Bloomberg Business of Sports,

517
00:25:39,040 --> 00:25:41,240
Speaker 7: where we explore the big money issues in the world

518
00:25:41,280 --> 00:25:44,679
Speaker 7: of sports. I'm Michael Barr along with Damian Sasauer and

519
00:25:44,760 --> 00:25:49,320
Speaker 7: Vanessa Berdomo. The MLB season is back earned away after

520
00:25:49,440 --> 00:25:53,560
Speaker 7: taking its All Star break. Now it's swing off, baby,

521
00:25:53,680 --> 00:25:56,320
Speaker 7: to the postseason with a lot of teams looking to

522
00:25:56,359 --> 00:26:00,000
Speaker 7: bolster their rosters ahead of the July thirty first trade deadline.

523
00:26:00,240 --> 00:26:02,639
Speaker 7: Here to take a look back at the first half,

524
00:26:03,000 --> 00:26:06,360
Speaker 7: preview was to come and the trade deadline. We welcome

525
00:26:06,560 --> 00:26:11,800
Speaker 7: MLB Network insider John Morosi. Hey there, John, Welcome back

526
00:26:11,840 --> 00:26:13,720
Speaker 7: to the Bloomberg Business of Sports.

527
00:26:14,040 --> 00:26:17,600
Speaker 3: Damian Michael Vanessa. Great to be with you. Happy second half.

528
00:26:17,800 --> 00:26:20,280
Speaker 3: What an All Star game this witnessed on Tuesday.

529
00:26:20,320 --> 00:26:20,880
Speaker 4: How about that?

530
00:26:21,200 --> 00:26:24,640
Speaker 7: You know, I want to start with that all right now,

531
00:26:24,720 --> 00:26:28,480
Speaker 7: and I listen. There's some high points and some low

532
00:26:28,560 --> 00:26:32,639
Speaker 7: points about it. I loved that we went back to

533
00:26:33,280 --> 00:26:37,200
Speaker 7: the uniforms for each team instead of, you know, one

534
00:26:37,240 --> 00:26:40,359
Speaker 7: for the National League and one for the American League,

535
00:26:40,480 --> 00:26:43,440
Speaker 7: because as the Detroit Tigers fan, I wanted to see

536
00:26:43,440 --> 00:26:44,320
Speaker 7: the old English d.

537
00:26:44,440 --> 00:26:45,879
Speaker 5: Out tag the Tiger Rhodes.

538
00:26:45,920 --> 00:26:48,000
Speaker 1: Now, you know, I got to tell you, Schwarber doing

539
00:26:48,040 --> 00:26:50,199
Speaker 1: Schwarber things right. And the coolest thing about it, I

540
00:26:50,240 --> 00:26:53,720
Speaker 1: have to say was you've got Braves fans cheering for him,

541
00:26:53,840 --> 00:26:55,760
Speaker 1: you know, like out of their seats, and you know,

542
00:26:55,840 --> 00:26:57,800
Speaker 1: Mets fans too. You know, it was kind of cool

543
00:26:57,800 --> 00:27:00,199
Speaker 1: to watch. But I guess from the negative side, I mean,

544
00:27:00,560 --> 00:27:02,200
Speaker 1: and John, correct me if I'm wrong. It's almost like

545
00:27:02,240 --> 00:27:04,560
Speaker 1: penalty kicks or like a shootout hockey, right.

546
00:27:04,680 --> 00:27:06,080
Speaker 4: But I thought it was the way to do it.

547
00:27:06,160 --> 00:27:09,920
Speaker 3: And listen, it's it's not a regular season game.

548
00:27:10,440 --> 00:27:13,159
Speaker 4: It does not determine home fult advantage.

549
00:27:12,640 --> 00:27:16,520
Speaker 3: For the World Series any longer. So the idea of

550
00:27:16,560 --> 00:27:21,560
Speaker 3: this is entertainment. And I would challenge anyone who even

551
00:27:21,680 --> 00:27:25,199
Speaker 3: remotely likes baseball that if they spent their evening on

552
00:27:25,240 --> 00:27:28,720
Speaker 3: Tuesday watching the game and turned it off, that anybody

553
00:27:28,720 --> 00:27:29,120
Speaker 3: would have.

554
00:27:29,040 --> 00:27:32,480
Speaker 4: Said, Ah, nothing entertaining about that. That was a complete dudge.

555
00:27:32,840 --> 00:27:35,119
Speaker 1: J John, you must be talking about Showhea Tani and

556
00:27:35,160 --> 00:27:37,160
Speaker 1: Aaron Judge, who actually left the stadium. I mean, what's

557
00:27:37,240 --> 00:27:37,600
Speaker 1: up with that?

558
00:27:38,960 --> 00:27:42,560
Speaker 3: By the way, that that and again I cannot confirm

559
00:27:42,600 --> 00:27:45,359
Speaker 3: DENI speak to wherever anybody was during the course of

560
00:27:45,359 --> 00:27:45,960
Speaker 3: the latter.

561
00:27:45,760 --> 00:27:46,520
Speaker 4: Innings of the game.

562
00:27:46,760 --> 00:27:51,040
Speaker 3: I will say this, It has been standard procedure for many, many,

563
00:27:51,119 --> 00:27:54,840
Speaker 3: many years that once a regular player is out of

564
00:27:54,840 --> 00:27:59,439
Speaker 3: the game, they typically travel home or to their next destination. Because,

565
00:27:59,440 --> 00:28:02,680
Speaker 3: in fairness, they played the game on Sunday, they traveled

566
00:28:02,720 --> 00:28:05,639
Speaker 3: Sunday to the All Star site, they did the Derby

567
00:28:05,720 --> 00:28:09,840
Speaker 3: and all associated festivities on Monday, media obligations, et cetera.

568
00:28:10,160 --> 00:28:13,440
Speaker 3: They played the game Tuesday, and their All Star break

569
00:28:14,160 --> 00:28:17,640
Speaker 3: lasts for about twenty four hours. And so I never

570
00:28:17,680 --> 00:28:19,520
Speaker 3: have an issue with once you're out of the game,

571
00:28:20,160 --> 00:28:21,920
Speaker 3: that you that you go and and.

572
00:28:21,840 --> 00:28:24,760
Speaker 1: So I will never criticize and some of the pitchers

573
00:28:24,760 --> 00:28:26,480
Speaker 1: who were still when they came out in their street clothes,

574
00:28:26,520 --> 00:28:27,159
Speaker 1: how cool is that?

575
00:28:27,280 --> 00:28:27,439
Speaker 2: You know?

576
00:28:27,560 --> 00:28:28,480
Speaker 1: I mean I wanted it too.

577
00:28:28,880 --> 00:28:29,720
Speaker 5: It was awesome, And.

578
00:28:29,640 --> 00:28:31,840
Speaker 3: That was awesome, And again every player is in a

579
00:28:31,880 --> 00:28:35,000
Speaker 3: different circumstance. It probably was the case that the Tigers

580
00:28:35,200 --> 00:28:37,760
Speaker 3: guys were all traveling together and there were six of them,

581
00:28:38,120 --> 00:28:40,160
Speaker 3: so School was probably waiting around for his buddies to

582
00:28:40,160 --> 00:28:41,320
Speaker 3: finish their obligations.

583
00:28:41,360 --> 00:28:43,600
Speaker 4: Again, that was that was all cool, And.

584
00:28:43,560 --> 00:28:47,680
Speaker 3: So I and listen when the drama was unfolding. Zero

585
00:28:47,760 --> 00:28:51,360
Speaker 3: issue for me that it wasn't necessarily judging Otani there.

586
00:28:51,480 --> 00:28:52,720
Speaker 4: It was just it was a different group.

587
00:28:53,000 --> 00:28:56,880
Speaker 3: And now you're gonna have College Warber beloved by that

588
00:28:56,960 --> 00:29:00,000
Speaker 3: many more people. And and Brent Rooker for the American League,

589
00:29:00,040 --> 00:29:02,960
Speaker 3: who started things off then an amazing job. And so

590
00:29:03,000 --> 00:29:05,880
Speaker 3: I've got zero issue. They're all all stars they all

591
00:29:05,920 --> 00:29:09,440
Speaker 3: belong there, and so I'm not going to bemoan that

592
00:29:09,520 --> 00:29:12,560
Speaker 3: it wasn't Judge versus Otani. We have seen they have

593
00:29:12,680 --> 00:29:15,120
Speaker 3: both fulfilled their obligations to the game as far as

594
00:29:15,120 --> 00:29:15,760
Speaker 3: I'm concerned.

595
00:29:15,800 --> 00:29:18,520
Speaker 8: So do you think that, you know, this sort of

596
00:29:18,800 --> 00:29:20,880
Speaker 8: excitement that we saw for the All Star Game and

597
00:29:20,920 --> 00:29:25,040
Speaker 8: all of that, like, was it enough for All Star

598
00:29:25,080 --> 00:29:27,400
Speaker 8: games in general that like haven't really been doing well.

599
00:29:27,440 --> 00:29:29,800
Speaker 8: People don't watch them, they're not as excited for them.

600
00:29:30,120 --> 00:29:32,600
Speaker 8: How do you categorize this year's All Star Game?

601
00:29:33,040 --> 00:29:34,600
Speaker 4: I think there was plenty of buzz Vanessa.

602
00:29:34,840 --> 00:29:38,160
Speaker 3: And part of the issue now is how we look

603
00:29:38,200 --> 00:29:41,320
Speaker 3: at the ratings. For me, in my opinion, when you

604
00:29:41,360 --> 00:29:45,000
Speaker 3: look at whatever the linear television ratings are, I get

605
00:29:45,000 --> 00:29:47,160
Speaker 3: that they still exist and on some level there are

606
00:29:47,680 --> 00:29:51,240
Speaker 3: advertisers who care about it, but so much now is

607
00:29:51,600 --> 00:29:55,880
Speaker 3: via streaming, It's consumed in different ways, social media, different apps,

608
00:29:55,920 --> 00:30:00,840
Speaker 3: et cetera. That the linear TV rating to me means

609
00:30:00,960 --> 00:30:04,400
Speaker 3: less than it did twenty years ago, certainly even two

610
00:30:04,440 --> 00:30:07,200
Speaker 3: years ago for me, because there's just war ways in

611
00:30:07,240 --> 00:30:11,480
Speaker 3: which it's it's capturing, it's capturing the attention. And I'll

612
00:30:11,480 --> 00:30:13,760
Speaker 3: say this, all I know is that when I and

613
00:30:13,800 --> 00:30:15,720
Speaker 3: I did. I went on AX, I went on Threads.

614
00:30:15,800 --> 00:30:19,120
Speaker 3: During the latter stages of the game. Swing off was

615
00:30:19,200 --> 00:30:22,680
Speaker 3: just like trending across the world, okay, like everybody wanted

616
00:30:22,720 --> 00:30:25,160
Speaker 3: to talk about it. Of course by then it's morning

617
00:30:25,200 --> 00:30:28,320
Speaker 3: in Japan, and you got so many fans around the world.

618
00:30:28,400 --> 00:30:32,880
Speaker 3: So to me, yes, ratings are relevant on some level,

619
00:30:33,320 --> 00:30:37,400
Speaker 3: but they are not as relevant as the overall engagement

620
00:30:37,680 --> 00:30:40,480
Speaker 3: with the product. And if you if you were on AX,

621
00:30:40,520 --> 00:30:43,840
Speaker 3: if you were on Threads that night Instagram, there was

622
00:30:43,920 --> 00:30:47,760
Speaker 3: plenty of engagement I think with the global audience for

623
00:30:47,800 --> 00:30:51,160
Speaker 3: that game, and I think it was really a pretty

624
00:30:51,160 --> 00:30:54,080
Speaker 3: remarkable way to end that particular All Star experience.

625
00:30:54,400 --> 00:30:58,800
Speaker 7: And remember too, the according to Nielsen, almost seven point

626
00:30:58,840 --> 00:31:04,160
Speaker 7: two million viewers watched the All Star Game. And now

627
00:31:04,200 --> 00:31:07,600
Speaker 7: I have to admit, because I'm an old coot and

628
00:31:07,680 --> 00:31:10,960
Speaker 7: I remember the days when Pete Rose was on the

629
00:31:11,000 --> 00:31:14,480
Speaker 7: field and all of this. So I didn't know at

630
00:31:14,520 --> 00:31:17,680
Speaker 7: first what the swing off because this was brand knew

631
00:31:17,680 --> 00:31:20,360
Speaker 7: what was going to happen. And then I started thinking

632
00:31:20,360 --> 00:31:22,880
Speaker 7: about it as I was driving into work and driving

633
00:31:22,880 --> 00:31:25,320
Speaker 7: home and this that whatever the whole point of the

634
00:31:25,440 --> 00:31:29,480
Speaker 7: All Star Game and it still is relevant to this day.

635
00:31:29,760 --> 00:31:33,880
Speaker 7: Is if you could get the local games in your area,

636
00:31:34,000 --> 00:31:36,960
Speaker 7: but you couldn't see a Pete Rose play at that time,

637
00:31:37,160 --> 00:31:41,280
Speaker 7: or you couldn't see the other players unless they made

638
00:31:41,320 --> 00:31:45,600
Speaker 7: the playoffs. And that's the essence of the All Star Game.

639
00:31:45,640 --> 00:31:49,720
Speaker 7: And like you said, John, I guess everybody enjoyed that

640
00:31:49,760 --> 00:31:51,040
Speaker 7: swing off because you got to see the.

641
00:31:51,000 --> 00:31:53,160
Speaker 4: Players you did.

642
00:31:53,240 --> 00:31:56,280
Speaker 3: And I think to that point you think about the

643
00:31:56,280 --> 00:32:02,520
Speaker 3: big picture and Kyle Stowers, Randy or Rose, Arena, Jonathan Aranda.

644
00:32:02,560 --> 00:32:06,200
Speaker 3: There are players there that were that maybe were not

645
00:32:06,360 --> 00:32:08,960
Speaker 3: household names, but they they get their chance now and

646
00:32:09,000 --> 00:32:11,680
Speaker 3: you get to see them and understand their stories a

647
00:32:11,720 --> 00:32:15,320
Speaker 3: little bit. And that's empirically a good thing for the

648
00:32:15,360 --> 00:32:17,600
Speaker 3: game of baseball, and is to then give them that

649
00:32:17,760 --> 00:32:20,840
Speaker 3: moment to have the conversation about them and to take

650
00:32:20,880 --> 00:32:24,320
Speaker 3: their turn in the spotlight. I think we right now

651
00:32:24,400 --> 00:32:29,120
Speaker 3: have a tremendous amount of great players and great stories

652
00:32:29,600 --> 00:32:33,640
Speaker 3: in baseball that go beyond Judge and Otani. Yes, those

653
00:32:33,680 --> 00:32:35,760
Speaker 3: are the number two, number one and number two players

654
00:32:35,800 --> 00:32:37,960
Speaker 3: that we talk about, but you had the starters and

655
00:32:38,040 --> 00:32:39,840
Speaker 3: Scooble and schemes, and it was a great story that

656
00:32:39,880 --> 00:32:41,760
Speaker 3: was done by Tom Ronaldi on the pregame show with

657
00:32:41,760 --> 00:32:45,040
Speaker 3: Fox about the two of them, Jacob Mazarowski.

658
00:32:44,600 --> 00:32:47,280
Speaker 4: Throwing a million miles an hour on the mound, which

659
00:32:47,320 --> 00:32:48,600
Speaker 4: was a lot of fun to watch too.

660
00:32:48,720 --> 00:32:51,800
Speaker 3: So we have a lot of great stars, and I

661
00:32:51,840 --> 00:32:54,480
Speaker 3: think I want to give credit to to the Fox

662
00:32:54,520 --> 00:32:57,640
Speaker 3: Sports production and Joe Davis and John Smoltz that the

663
00:32:58,040 --> 00:33:02,680
Speaker 3: tie breaking mechanism was reveal field almost in a really

664
00:33:02,760 --> 00:33:05,560
Speaker 3: creative and subtle way. Uh, there was a bit of

665
00:33:05,560 --> 00:33:07,560
Speaker 3: a tease there about what was going to happen, and

666
00:33:07,600 --> 00:33:10,719
Speaker 3: that's all good. That's I realized. We all knew it

667
00:33:10,760 --> 00:33:12,840
Speaker 3: was part of the rules, and and on some level

668
00:33:12,840 --> 00:33:15,920
Speaker 3: we probably should have been we as fans should have

669
00:33:15,960 --> 00:33:17,600
Speaker 3: been more prepared for what was going to happen at

670
00:33:17,640 --> 00:33:17,960
Speaker 3: the end.

671
00:33:18,280 --> 00:33:22,280
Speaker 4: But it's it was perfect. We don't have enough surprises

672
00:33:22,280 --> 00:33:23,400
Speaker 4: in life anymore. Everybody.

673
00:33:23,600 --> 00:33:27,880
Speaker 3: We kind of have randomness of spontaneity and and delight

674
00:33:27,960 --> 00:33:31,600
Speaker 3: and unexpected things are great, and so we we sign

675
00:33:31,720 --> 00:33:33,800
Speaker 3: up for this life to do this, and and certainly

676
00:33:34,360 --> 00:33:38,080
Speaker 3: sports give us that experience. In the microcosm of why

677
00:33:38,080 --> 00:33:40,480
Speaker 3: we love sports so much is we don't know what's

678
00:33:40,520 --> 00:33:44,200
Speaker 3: going to happen and so the the the unknown and

679
00:33:44,400 --> 00:33:47,800
Speaker 3: the the newness of it. I remember there was actually

680
00:33:47,800 --> 00:33:51,120
Speaker 3: an interview that James would uh the outstanding prospect of

681
00:33:51,160 --> 00:33:54,480
Speaker 3: the Washington Nationals, gave that night with Fox Sports Radio,

682
00:33:54,560 --> 00:33:58,080
Speaker 3: and he basically said, we in the nationalague dugout didn't

683
00:33:58,080 --> 00:34:01,960
Speaker 3: know exactly what was going on. That's unexpected. Things are cool,

684
00:34:02,080 --> 00:34:06,240
Speaker 3: and I think that leaning into the magic of the

685
00:34:06,320 --> 00:34:09,560
Speaker 3: unexpected conclusion is part of why we love sports. And

686
00:34:09,600 --> 00:34:12,759
Speaker 3: I think it was another demonstration of why this is

687
00:34:12,800 --> 00:34:13,920
Speaker 3: the greatest.

688
00:34:13,520 --> 00:34:15,800
Speaker 4: Of all the All Star Games and.

689
00:34:15,680 --> 00:34:17,640
Speaker 3: Why this is also the greatest of all the sports

690
00:34:17,640 --> 00:34:19,920
Speaker 3: because of everything that unfolded, And certainly I don't want

691
00:34:19,920 --> 00:34:22,640
Speaker 3: to go any further without mentioning the Hank Aaron tribute

692
00:34:22,680 --> 00:34:26,680
Speaker 3: was just beautiful in every possible way, and having Billy

693
00:34:26,719 --> 00:34:28,600
Speaker 3: Aaron there and there was a beautiful image of her

694
00:34:28,680 --> 00:34:33,400
Speaker 3: watching it unfolding the ballpark. I get goosebumps talking about it,

695
00:34:34,000 --> 00:34:36,040
Speaker 3: and I was watching it with my wife at that point,

696
00:34:36,040 --> 00:34:38,120
Speaker 3: who was not a sports fan, and I was explaining

697
00:34:38,160 --> 00:34:41,479
Speaker 3: some of the significance of why that home run was

698
00:34:41,520 --> 00:34:44,400
Speaker 3: so special and what that call meant, and that the

699
00:34:44,400 --> 00:34:45,879
Speaker 3: way the fans greeted Hank Aaron.

700
00:34:45,920 --> 00:34:47,839
Speaker 4: After all, he had endured all the.

701
00:34:47,800 --> 00:34:50,920
Speaker 3: Hatred he endured and racism along that journey to then

702
00:34:50,960 --> 00:34:53,440
Speaker 3: setting this greatest of American records. I just think was

703
00:34:54,080 --> 00:34:56,600
Speaker 3: a beautifully done moment by MLB in the city of

704
00:34:56,600 --> 00:34:57,600
Speaker 3: Atlanta to John.

705
00:34:57,640 --> 00:34:59,400
Speaker 1: You know, I love that your reference another friend of

706
00:34:59,440 --> 00:35:00,360
Speaker 1: the show, John's Molten.

707
00:35:00,400 --> 00:35:00,560
Speaker 7: There.

708
00:35:00,600 --> 00:35:02,520
Speaker 1: You know, John came in second in the American Century

709
00:35:02,520 --> 00:35:05,400
Speaker 1: Golf Championship. I mean, I know he's pretty hard on himself, Michael,

710
00:35:05,480 --> 00:35:07,440
Speaker 1: so he's probably upset that he only came in second

711
00:35:07,440 --> 00:35:08,800
Speaker 1: there but a shout out to him. But you know,

712
00:35:08,880 --> 00:35:10,080
Speaker 1: I just want to switch gears on you.

713
00:35:10,160 --> 00:35:10,399
Speaker 7: John.

714
00:35:11,120 --> 00:35:13,279
Speaker 1: I think we just saw another sale here in Major

715
00:35:13,360 --> 00:35:15,560
Speaker 1: League Baseball. I think I think the Tampa Rays are

716
00:35:15,560 --> 00:35:17,279
Speaker 1: going to sell for if I'm not mistaken, one point

717
00:35:17,320 --> 00:35:21,239
Speaker 1: seven billion to Jacksonville developer Patrick Zelupski. So I guess

718
00:35:21,280 --> 00:35:23,920
Speaker 1: that means they're going to stay in town. But I mean,

719
00:35:24,040 --> 00:35:27,120
Speaker 1: my goodness, this is the I mean, based on Sportico data, John,

720
00:35:27,480 --> 00:35:30,560
Speaker 1: this is the twenty ninth of thirty Major League Baseball

721
00:35:30,560 --> 00:35:32,319
Speaker 1: teams in terms of valuation, or at least it was

722
00:35:32,400 --> 00:35:34,759
Speaker 1: going into this and it was what I mean, I

723
00:35:34,760 --> 00:35:37,520
Speaker 1: think they are. I mean you covered the Harvard Crimson

724
00:35:37,560 --> 00:35:39,680
Speaker 1: hockey team. I think there are fourteen NHL teams that

725
00:35:39,719 --> 00:35:42,240
Speaker 1: have a command the higher valuation, even at one point

726
00:35:42,239 --> 00:35:44,640
Speaker 1: seven billion, if that's indeed the number, talk to us

727
00:35:44,680 --> 00:35:47,400
Speaker 1: a little bit about this sale. I mean for what again,

728
00:35:47,520 --> 00:35:51,080
Speaker 1: for one of the I guess least valuable Major League

729
00:35:51,080 --> 00:35:54,279
Speaker 1: Baseball teams to go at a premium to what the mark,

730
00:35:54,600 --> 00:35:57,319
Speaker 1: This has to be good for the sport, for the league, right.

731
00:35:58,440 --> 00:36:01,919
Speaker 3: Yes, I've often said, Damian, I I will never do

732
00:36:02,640 --> 00:36:07,080
Speaker 3: live math on the radio because I often make mistakes.

733
00:36:07,080 --> 00:36:09,240
Speaker 3: And then and by the way, when I make a mistake,

734
00:36:09,440 --> 00:36:12,520
Speaker 3: the response is always great job, Morosi, you went to Harvard,

735
00:36:12,560 --> 00:36:15,680
Speaker 3: and you can't do that. I'm not gonna calculate percentage

736
00:36:15,760 --> 00:36:18,399
Speaker 3: right now, other than to say that's a pretty big

737
00:36:18,440 --> 00:36:21,560
Speaker 3: percentage increase of what Stu Sterberg bought the race for

738
00:36:22,000 --> 00:36:23,880
Speaker 3: and what the reported sale.

739
00:36:23,680 --> 00:36:24,520
Speaker 4: Price is going to be.

740
00:36:25,640 --> 00:36:28,560
Speaker 3: That to me, again, we talk about different investments, and

741
00:36:28,800 --> 00:36:30,719
Speaker 3: I realized what we're We're on the Bloomberg Show, so

742
00:36:30,760 --> 00:36:33,640
Speaker 3: I can reference this. You think about some of the

743
00:36:33,680 --> 00:36:37,560
Speaker 3: best investments in the American business world over the last

744
00:36:37,840 --> 00:36:42,120
Speaker 3: quarter century, sports teams have appreciated quite nicely. Yeah, in

745
00:36:42,160 --> 00:36:44,799
Speaker 3: that in that time, it's a pretty good investment. And

746
00:36:44,800 --> 00:36:49,080
Speaker 3: and this even even a team without a an assured

747
00:36:49,239 --> 00:36:52,319
Speaker 3: long term home. You're buying a team for the for

748
00:36:52,360 --> 00:36:54,560
Speaker 3: the right to then sit there and have a negotiation

749
00:36:55,200 --> 00:36:58,600
Speaker 3: with with different governmental entities in Florida about where you're

750
00:36:58,600 --> 00:37:01,120
Speaker 3: gonna try to build a stadium. This is not exactly

751
00:37:01,239 --> 00:37:05,680
Speaker 3: a glide path to to to an easy profit year

752
00:37:05,719 --> 00:37:10,600
Speaker 3: over year, but the macro the franchise appreciation tells you

753
00:37:10,840 --> 00:37:14,400
Speaker 3: all you need to know. And the Minnesota Twins are

754
00:37:14,400 --> 00:37:17,080
Speaker 3: also up for sale. The commissioner talked a bit at

755
00:37:17,080 --> 00:37:19,160
Speaker 3: the All Star Game about where that process is going

756
00:37:19,200 --> 00:37:22,319
Speaker 3: in again, the Rays have basically set the floor here

757
00:37:23,280 --> 00:37:26,200
Speaker 3: and and it's it's a floor with a fairly it's

758
00:37:26,200 --> 00:37:28,319
Speaker 3: not like a floor, it's a trampoline in terms of

759
00:37:28,360 --> 00:37:30,440
Speaker 3: how high the valuations are going.

760
00:37:30,520 --> 00:37:33,280
Speaker 4: So it's a it's a really good situation for the game.

761
00:37:33,920 --> 00:37:36,560
Speaker 3: It shows how much interest there is in what the

762
00:37:36,640 --> 00:37:41,080
Speaker 3: long term place of baseball is going to be. It's

763
00:37:41,120 --> 00:37:43,000
Speaker 3: really important, I think, for the game's health as we

764
00:37:43,120 --> 00:37:47,439
Speaker 3: enter a new CBA negotiation period. This is a nice

765
00:37:47,480 --> 00:37:48,640
Speaker 3: bit of news for everybody.

766
00:37:48,680 --> 00:37:48,960
Speaker 4: Listen.

767
00:37:49,360 --> 00:37:52,239
Speaker 3: It helps the players to know that the franchise has

768
00:37:52,280 --> 00:37:55,960
Speaker 3: a great valuation. That means investment in players, in capital,

769
00:37:55,960 --> 00:38:00,839
Speaker 3: and the overall mechanics of the organizations should be very

770
00:38:00,920 --> 00:38:03,719
Speaker 3: very strong, and certainly from a macro level. If you're

771
00:38:03,760 --> 00:38:07,080
Speaker 3: Rob Manfred within now several years left in his tenure

772
00:38:07,120 --> 00:38:09,680
Speaker 3: as commissioner, he's got to say that if the Tampa

773
00:38:09,719 --> 00:38:12,719
Speaker 3: Bay Rays are selling for close to two billion dollars,

774
00:38:13,080 --> 00:38:15,160
Speaker 3: that he's done a pretty good job in his stewardship

775
00:38:15,200 --> 00:38:15,600
Speaker 3: of the game.

776
00:38:15,960 --> 00:38:18,920
Speaker 8: Yeah, unbelievable. And you had mentioned it there about how

777
00:38:19,239 --> 00:38:21,960
Speaker 8: they still have so many questions to really settle on

778
00:38:22,040 --> 00:38:23,640
Speaker 8: where they're going to be playing and all of that.

779
00:38:23,880 --> 00:38:26,600
Speaker 8: But now with new change in ownership and obviously the

780
00:38:26,600 --> 00:38:28,919
Speaker 8: deal flying apart in Saint Pete, but everything that happened there,

781
00:38:29,480 --> 00:38:33,960
Speaker 8: where is this stadium going to be built? When will

782
00:38:34,000 --> 00:38:36,720
Speaker 8: they really have a real home, like a real new home.

783
00:38:36,960 --> 00:38:38,160
Speaker 4: Yeah, it's a great question.

784
00:38:38,280 --> 00:38:41,640
Speaker 3: And obviously they've been playing outdoors at Steinberner Field, the

785
00:38:41,719 --> 00:38:45,680
Speaker 3: Yankee spring training facility for this year because of the storm.

786
00:38:45,719 --> 00:38:49,080
Speaker 3: Did the hurricane damage the Tropic Canna field. The belief is,

787
00:38:49,120 --> 00:38:51,520
Speaker 3: as the commissioner said, there's still a pretty good optimism

788
00:38:51,680 --> 00:38:53,279
Speaker 3: that the field's going to be ready, the Tropic Canna

789
00:38:53,280 --> 00:38:56,399
Speaker 3: field's going to be ready for twenty twenty six opening day.

790
00:38:56,480 --> 00:38:58,520
Speaker 3: But obviously, as you point out, that is not the

791
00:38:58,600 --> 00:39:01,920
Speaker 3: long term home. It does seem to me that with

792
00:39:02,000 --> 00:39:06,400
Speaker 3: the success of albeit a short term solution in Tampa,

793
00:39:06,920 --> 00:39:10,280
Speaker 3: that that may revive and reopen the minds of people

794
00:39:10,320 --> 00:39:12,960
Speaker 3: on the Hillsborough County side of the bridge to the

795
00:39:13,000 --> 00:39:16,320
Speaker 3: potential of having the team their long term. The Tampa

796
00:39:16,360 --> 00:39:19,279
Speaker 3: Bay Lightning, in a non traditional hockey market, have become

797
00:39:19,360 --> 00:39:20,719
Speaker 3: something of a model franchise.

798
00:39:20,719 --> 00:39:22,200
Speaker 4: They've won Stanley Cups, They've.

799
00:39:22,040 --> 00:39:24,239
Speaker 3: Got one of the most respected coaches in the game,

800
00:39:24,280 --> 00:39:26,719
Speaker 3: They've got elite talent on the ice and have for

801
00:39:26,760 --> 00:39:30,320
Speaker 3: a long time. So there's a lot to like about

802
00:39:30,760 --> 00:39:34,200
Speaker 3: Tampa as a sports market. Rob Manford is on record

803
00:39:34,239 --> 00:39:36,520
Speaker 3: as saying he hopes the team stays in the area,

804
00:39:36,600 --> 00:39:40,480
Speaker 3: stays in the state. So I think that this franchise ownership,

805
00:39:40,520 --> 00:39:44,879
Speaker 3: whenever it changes over, it will reset things a little bit.

806
00:39:45,760 --> 00:39:48,239
Speaker 3: And as we all know, when it comes to a

807
00:39:48,280 --> 00:39:50,840
Speaker 3: new stadium being built, a lot of it has to

808
00:39:50,840 --> 00:39:53,799
Speaker 3: do with the political dynamics of a particular place, how

809
00:39:53,840 --> 00:39:59,360
Speaker 3: well the owner negotiates and navigates the various municipalities, the governor,

810
00:39:59,440 --> 00:40:02,480
Speaker 3: the county, the city government. This to me feels like

811
00:40:02,560 --> 00:40:06,040
Speaker 3: a reset to where the new ownership group will come

812
00:40:06,080 --> 00:40:09,480
Speaker 3: in and certainly helpful that that, again, based on the reports,

813
00:40:09,840 --> 00:40:11,839
Speaker 3: if it ends up being this group that closes the deal,

814
00:40:12,080 --> 00:40:14,000
Speaker 3: there's a lot of real estate, a lot of a

815
00:40:14,000 --> 00:40:17,600
Speaker 3: lot of know how in this particular area of of

816
00:40:17,880 --> 00:40:21,480
Speaker 3: franchise operations, where you're going to build and and what's

817
00:40:21,520 --> 00:40:25,200
Speaker 3: going to happen next. So I think this particular ownership group,

818
00:40:25,200 --> 00:40:29,360
Speaker 3: I would say Vanessa's very well equipped to handle this conversation,

819
00:40:29,840 --> 00:40:32,200
Speaker 3: and I would expect that it does give a bit

820
00:40:32,200 --> 00:40:34,840
Speaker 3: of a boost to the notion of the Rays staying

821
00:40:34,840 --> 00:40:36,160
Speaker 3: in Tampa Bay for the long term.

822
00:40:36,239 --> 00:40:38,879
Speaker 8: Yeah, do you think that the new ownership coming in,

823
00:40:39,440 --> 00:40:41,360
Speaker 8: like you said, has a reset sort of value that

824
00:40:41,440 --> 00:40:45,359
Speaker 8: maybe the public has more you know, faith in them

825
00:40:45,440 --> 00:40:48,120
Speaker 8: even just creating a better team, putting more money into

826
00:40:48,120 --> 00:40:50,759
Speaker 8: the team, that makes them more willing to say yes

827
00:40:50,760 --> 00:40:51,520
Speaker 8: to public funding.

828
00:40:51,880 --> 00:40:53,520
Speaker 4: It's a great point, and I think it could.

829
00:40:53,960 --> 00:40:56,640
Speaker 3: And and that's where you know, public funding for franchises

830
00:40:56,719 --> 00:40:59,640
Speaker 3: has been been a hot topic and it's somewhat dependent

831
00:40:59,719 --> 00:41:03,319
Speaker 3: upon where and how and in what fashion you ask

832
00:41:03,400 --> 00:41:07,360
Speaker 3: for that money. Uh where it's it's a complicated question

833
00:41:07,600 --> 00:41:12,000
Speaker 3: based on wherever you're you're asking, uh that that request

834
00:41:12,160 --> 00:41:15,160
Speaker 3: for for for public money. But I do think in

835
00:41:15,200 --> 00:41:18,320
Speaker 3: general that the manner in which you are a steward

836
00:41:18,360 --> 00:41:21,400
Speaker 3: of the organization and and how much you spend. I

837
00:41:21,400 --> 00:41:23,120
Speaker 3: think if a team comes in, depending on how the

838
00:41:23,200 --> 00:41:25,160
Speaker 3: how the deal has structured, how much debt there is,

839
00:41:25,400 --> 00:41:28,200
Speaker 3: how much cash they have on hand, I would hope

840
00:41:28,640 --> 00:41:31,399
Speaker 3: that that the idea would be from a standpoint of

841
00:41:31,400 --> 00:41:34,359
Speaker 3: of MLB, make sure we pick a team, pick an

842
00:41:34,360 --> 00:41:36,799
Speaker 3: ownership group that has good cash on hand that can

843
00:41:36,800 --> 00:41:40,560
Speaker 3: infuse some capital in the roster and make this a

844
00:41:40,680 --> 00:41:43,080
Speaker 3: more competitive team to bring in some stars.

845
00:41:43,120 --> 00:41:45,920
Speaker 4: And I've often said this. Sports fans are smart. They

846
00:41:45,920 --> 00:41:47,279
Speaker 4: pay attention. They know what's going on.

847
00:41:47,280 --> 00:41:49,759
Speaker 3: With their team with other teams, and they can look

848
00:41:49,800 --> 00:41:51,920
Speaker 3: at the payroll numbers and say, Okay, are we spending

849
00:41:52,239 --> 00:41:53,400
Speaker 3: like we should spend or not.

850
00:41:53,760 --> 00:41:55,200
Speaker 4: Tampa is a big market.

851
00:41:55,880 --> 00:41:58,360
Speaker 3: It's not the biggest, but it's a big market and

852
00:41:58,400 --> 00:42:00,880
Speaker 3: a growing market. And in Florida, if especially if you

853
00:42:01,200 --> 00:42:03,879
Speaker 3: if you sort of add in the area is going

854
00:42:03,920 --> 00:42:06,239
Speaker 3: east a bit towards Polk County, and they are in

855
00:42:06,320 --> 00:42:07,319
Speaker 3: Orange County in.

856
00:42:07,239 --> 00:42:09,120
Speaker 4: Florida along I four.

857
00:42:09,600 --> 00:42:11,560
Speaker 3: There's a lot of fans there, and so if you

858
00:42:11,640 --> 00:42:14,640
Speaker 3: do it right in Tampa, you're gonna have a very

859
00:42:14,640 --> 00:42:17,600
Speaker 3: well supported franchise, and I hope that's the case for

860
00:42:17,640 --> 00:42:18,280
Speaker 3: the long term.

861
00:42:18,520 --> 00:42:20,320
Speaker 1: John, you totally now that. I mean, let me remind

862
00:42:20,320 --> 00:42:23,040
Speaker 1: our audience that the Tampa Bay Devil Rays still generated

863
00:42:23,040 --> 00:42:25,720
Speaker 1: three hundred and eleven million dollars in full year twenty

864
00:42:25,760 --> 00:42:27,680
Speaker 1: twenty four. That's a thirty four percent rise over the

865
00:42:27,680 --> 00:42:29,719
Speaker 1: three year period before that. So I mean, you know

866
00:42:29,920 --> 00:42:32,839
Speaker 1: clearly that it generates a lot of money, Michael Bark.

867
00:42:32,960 --> 00:42:36,160
Speaker 1: But let's also remember that of the next what thirty

868
00:42:36,200 --> 00:42:38,760
Speaker 1: seven almost forty games in the Major League Baseball season,

869
00:42:39,160 --> 00:42:40,680
Speaker 1: less than half of them or maybe half of them,

870
00:42:40,680 --> 00:42:43,560
Speaker 1: are only played at home. And there's still you know,

871
00:42:43,680 --> 00:42:45,680
Speaker 1: three in the three and eleven slide or whatever slide

872
00:42:45,680 --> 00:42:47,600
Speaker 1: they're in, and you know they've got to work cut

873
00:42:47,600 --> 00:42:48,880
Speaker 1: out from the five and a half game a head

874
00:42:48,880 --> 00:42:50,600
Speaker 1: of first as of right now.

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00:42:50,880 --> 00:42:54,719
Speaker 7: MLB Network insider John MOROSEI, man, I'm gonna give you

876
00:42:54,760 --> 00:42:56,839
Speaker 7: this tune. I'm going to sing to you, man, We're

877
00:42:56,880 --> 00:43:02,280
Speaker 7: all behind our baseball team. Go get him, Detroit Taggers,

878
00:43:02,640 --> 00:43:04,760
Speaker 7: Go get Him Taggers.

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00:43:05,440 --> 00:43:08,520
Speaker 3: That is a classic from the from the sixties. They're

880
00:43:08,640 --> 00:43:11,120
Speaker 3: well well done, Michael, I love it.

881
00:43:11,120 --> 00:43:15,960
Speaker 4: Mike Detroit Free Press right there, Yes, right, my.

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00:43:16,719 --> 00:43:19,520
Speaker 3: Parents, they're gonna be listening to the segment and loving,

883
00:43:19,640 --> 00:43:21,719
Speaker 3: loving the sound of that song. They've got the best

884
00:43:21,760 --> 00:43:24,440
Speaker 3: record in baseball as the second half begins, so let's

885
00:43:24,440 --> 00:43:26,120
Speaker 3: see if the old English tea can find a way

886
00:43:26,160 --> 00:43:28,440
Speaker 3: to play the final game of the season. They're right

887
00:43:28,480 --> 00:43:31,040
Speaker 3: around Halloween and Detroit where you know, if you all

888
00:43:31,080 --> 00:43:32,920
Speaker 3: come up and join us, just you know, bring a

889
00:43:32,960 --> 00:43:35,359
Speaker 3: couple of layers. You never know, you might have snow

890
00:43:35,400 --> 00:43:38,520
Speaker 3: around that time, but we'll be ready and eager to

891
00:43:38,560 --> 00:43:40,600
Speaker 3: welcome all the baseball community to the great state of

892
00:43:40,640 --> 00:43:41,560
Speaker 3: Michigan that time of year.

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00:43:41,719 --> 00:43:44,439
Speaker 7: John Morosi, we love you, man. Thank you for joining

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00:43:44,520 --> 00:43:47,080
Speaker 7: us on the Bloomberg Business of Sports. We appreciate it.

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00:43:47,160 --> 00:43:48,760
Speaker 4: Great to be on the show. Thanks so much for everything.

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00:43:48,800 --> 00:43:52,080
Speaker 7: Take care though. Our thanks to MLB Network insider John

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00:43:52,120 --> 00:43:54,640
Speaker 7: Morosi for joining us. And that does it for this

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00:43:54,800 --> 00:43:57,759
Speaker 7: edition of The Bloomberg Business of Sports. Man, it goes

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00:43:57,800 --> 00:44:00,920
Speaker 7: so fast. If you've missed any part of it. Catch

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00:44:00,960 --> 00:44:03,960
Speaker 7: it on demand now with the Bloomberg Business of Sports podcast.

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00:44:04,360 --> 00:44:07,680
Speaker 7: Find it on Apple, Spotify or anywhere else you get

902
00:44:07,719 --> 00:44:11,680
Speaker 7: your podcasts, and while you're there, find the latest bonus

903
00:44:11,760 --> 00:44:15,719
Speaker 7: episode on the Business of Soccer as we make our

904
00:44:15,800 --> 00:44:18,480
Speaker 7: way to the fief of World Cup in twenty twenty

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00:44:18,560 --> 00:44:22,800
Speaker 7: six for Vanessa Bernomo and Damian Sassaur. I'm Michael Barr.

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00:44:23,080 --> 00:44:26,600
Speaker 7: You're listening to the Bloomberg Business of Sports Bloomberg Radio,

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00:44:26,680 --> 00:44:28,520
Speaker 7: a round world