1
00:00:00,880 --> 00:00:03,480
Speaker 1: This is Bloomberg Business of Sports.

2
00:00:03,600 --> 00:00:06,640
Speaker 2: Aaron Rogers is the biggest story in the twenty twenty

3
00:00:06,720 --> 00:00:07,800
Speaker 2: three NFL season.

4
00:00:07,920 --> 00:00:10,320
Speaker 3: People who carry it every time we stage a live

5
00:00:10,360 --> 00:00:13,240
Speaker 3: event could be one across ten different sports that we promote.

6
00:00:13,280 --> 00:00:14,040
Speaker 2: That's a product.

7
00:00:14,080 --> 00:00:17,599
Speaker 1: Four point six million women are already sports wedding in

8
00:00:17,680 --> 00:00:18,040
Speaker 1: the US.

9
00:00:18,200 --> 00:00:21,759
Speaker 4: Digitization of ticketing has made things more transparent in some

10
00:00:21,840 --> 00:00:23,520
Speaker 4: ways and less transparent than others.

11
00:00:23,600 --> 00:00:26,120
Speaker 2: One of the coolest things about rugby it's the same

12
00:00:26,200 --> 00:00:27,040
Speaker 2: rules for men and women.

13
00:00:27,120 --> 00:00:29,840
Speaker 4: Golf is a sport you can play well beyond your years.

14
00:00:30,080 --> 00:00:32,920
Speaker 2: Unlike any other sport. You don't have college athletics anymore.

15
00:00:33,000 --> 00:00:35,120
Speaker 2: You have young people playing professional sports.

16
00:00:35,120 --> 00:00:38,519
Speaker 3: Bloomberg Business of Sports from Bloomberg Radio.

17
00:00:39,440 --> 00:00:41,680
Speaker 1: This is the Bloomberg Business of Sports show, where we

18
00:00:41,720 --> 00:00:44,240
Speaker 1: explore the big money issues in the world of sports.

19
00:00:44,320 --> 00:00:47,520
Speaker 1: I'm Scarlett Foe and I'm Damian sas Hour. Michael Barr

20
00:00:47,640 --> 00:00:50,480
Speaker 1: is off this week, but on the lineup today. Football

21
00:00:50,640 --> 00:00:53,840
Speaker 1: officially back. Thursday night mark the official return of the

22
00:00:53,960 --> 00:00:58,040
Speaker 1: NFL season, as Michael Barr's Detroit Lions upset the defending

23
00:00:58,040 --> 00:01:01,600
Speaker 1: Super Bowl champions, the Kansas City chief for an incredible

24
00:01:01,600 --> 00:01:02,560
Speaker 1: start to their season.

25
00:01:02,800 --> 00:01:06,280
Speaker 3: That's right, Scarlett, and Monday night, Monday Night, we're going

26
00:01:06,319 --> 00:01:08,680
Speaker 3: to get a first look at my New York jetties

27
00:01:09,040 --> 00:01:11,000
Speaker 3: and of course our new quarterback, Aaron Rodgers. And of

28
00:01:11,000 --> 00:01:15,040
Speaker 3: course I will be at MetLife Stadium watching live in person.

29
00:01:15,360 --> 00:01:17,680
Speaker 3: Don't call me on Tuesday morning, but let me not

30
00:01:17,720 --> 00:01:19,680
Speaker 3: get too far ahead of myself. Later in the program,

31
00:01:19,720 --> 00:01:22,240
Speaker 3: we'll get an outlook of all the major headlines entering

32
00:01:22,280 --> 00:01:26,600
Speaker 3: the NFL season with former Oakland Raiders CEO Amy Trask.

33
00:01:27,120 --> 00:01:31,080
Speaker 5: I have a bold prediction as to a Super Bowl winner.

34
00:01:31,319 --> 00:01:34,039
Speaker 5: It's an interesting prediction. I'm sure I will take a

35
00:01:34,080 --> 00:01:36,480
Speaker 5: lot of flak for this prediction. I think the Dallas

36
00:01:36,480 --> 00:01:38,000
Speaker 5: Cowboys win the Super Bowl.

37
00:01:37,840 --> 00:01:40,360
Speaker 1: The Princess of Darkness herself. That is straight ahead on

38
00:01:40,400 --> 00:01:43,120
Speaker 1: the Bloomberg business of sports. But first we head to

39
00:01:43,160 --> 00:01:46,839
Speaker 1: the raceway. The INDYECAR season wraps up a successful season

40
00:01:46,880 --> 00:01:50,560
Speaker 1: this weekend in California. Viewership is on the rise, and

41
00:01:50,640 --> 00:01:53,800
Speaker 1: so too is fan interest. So here now with insight

42
00:01:53,840 --> 00:01:56,760
Speaker 1: into the sport and of course it's future, we welcome

43
00:01:56,800 --> 00:02:00,520
Speaker 1: Penske Entertainment President and CEO Mark Miles. Mark, it's so

44
00:02:00,560 --> 00:02:01,800
Speaker 1: great to have you join us today.

45
00:02:02,000 --> 00:02:04,240
Speaker 4: Hey, thanks Carlet. It's a pleasure to be with you guys.

46
00:02:04,640 --> 00:02:06,640
Speaker 1: So talk to us about how the twenty twenty three

47
00:02:06,760 --> 00:02:10,120
Speaker 1: IndyCar season has been going so far. Everything kind of

48
00:02:10,160 --> 00:02:11,280
Speaker 1: culminates this weekend.

49
00:02:11,520 --> 00:02:15,160
Speaker 4: Yeah, our finale race is a Laguna Sega, you know,

50
00:02:15,240 --> 00:02:18,360
Speaker 4: in the Monterey Peninsula area, and it's a fabulous place

51
00:02:18,440 --> 00:02:21,480
Speaker 4: to get all of our team members and sponsors and

52
00:02:21,560 --> 00:02:24,880
Speaker 4: everybody together for the last event. This is the first

53
00:02:24,880 --> 00:02:27,000
Speaker 4: time since I think like two thousand and eight that

54
00:02:27,120 --> 00:02:30,240
Speaker 4: the Championship points race, you know, which is the sum

55
00:02:30,280 --> 00:02:32,440
Speaker 4: of all the points from all the competition that a

56
00:02:32,520 --> 00:02:37,240
Speaker 4: driver has during the counter year. It's been concluded Alex Blow,

57
00:02:37,600 --> 00:02:41,640
Speaker 4: a Spanish driver, a young guy, has had a phenomenal year,

58
00:02:41,680 --> 00:02:44,960
Speaker 4: and last weekend at our race in Portland, he clinched it.

59
00:02:45,120 --> 00:02:48,560
Speaker 4: So it's a little different for us, but we've sort

60
00:02:48,560 --> 00:02:52,360
Speaker 4: of made our mark knowing that almost always the championship

61
00:02:52,480 --> 00:02:55,680
Speaker 4: goes down to the very last race. In my tenure

62
00:02:55,720 --> 00:02:57,880
Speaker 4: has come down the last lap, so it's been really

63
00:02:57,919 --> 00:02:58,920
Speaker 4: exciting in that way.

64
00:02:59,240 --> 00:03:02,680
Speaker 3: Yeah, but I mean no shortage of controversy surrounding the

65
00:03:02,840 --> 00:03:04,880
Speaker 3: end of the season. I mean Mark talked to us

66
00:03:04,919 --> 00:03:07,680
Speaker 3: about Alex pelow talk to us about I mean, wasn't

67
00:03:07,680 --> 00:03:10,720
Speaker 3: he supposed to leave Chip Ganasi for McLaren. I mean,

68
00:03:10,720 --> 00:03:13,640
Speaker 3: we've had Zach Brown on the show before. Talk us

69
00:03:13,639 --> 00:03:15,960
Speaker 3: a little bit about what's going on there. It snows

70
00:03:15,960 --> 00:03:18,160
Speaker 3: a little similar to F one with all the drama.

71
00:03:18,320 --> 00:03:20,839
Speaker 4: Yeah, and it looks Zach a good friend. But there's

72
00:03:20,880 --> 00:03:23,400
Speaker 4: a commonality, right Zach fine F one Inn And in

73
00:03:23,520 --> 00:03:27,320
Speaker 4: the car it's been public and controversial. It's really the

74
00:03:27,480 --> 00:03:31,239
Speaker 4: kind of off track, largely behind the scenes contractual stuff

75
00:03:31,240 --> 00:03:34,160
Speaker 4: that's gone back and forth. Where Zach Brown and McLaren

76
00:03:34,200 --> 00:03:36,480
Speaker 4: announced that he was going to come race for them,

77
00:03:37,000 --> 00:03:39,640
Speaker 4: Chip said, not so fast, he's under contract with me.

78
00:03:40,160 --> 00:03:42,200
Speaker 4: Alex sort of, you know, he was kind of in

79
00:03:42,240 --> 00:03:45,720
Speaker 4: the middle, and it got very public and there's no

80
00:03:45,920 --> 00:03:49,680
Speaker 4: clearly no love loss between those two teams principles. And

81
00:03:49,720 --> 00:03:53,440
Speaker 4: then you know, Alex clinched the championship last weekend in

82
00:03:53,480 --> 00:03:57,480
Speaker 4: Portland and announced that he was definitely staying with Chip

83
00:03:57,520 --> 00:04:02,560
Speaker 4: Ganassi for next year. Just prior to Zach Brown had

84
00:04:02,600 --> 00:04:05,760
Speaker 4: announced that he was going to sue Alex because he

85
00:04:05,840 --> 00:04:09,000
Speaker 4: felt like he breached a contract. So who knows. I'm

86
00:04:09,000 --> 00:04:12,120
Speaker 4: sure someday it'll all get thrown it out as exactly

87
00:04:12,160 --> 00:04:15,160
Speaker 4: what the chain of events was. But it appears quite

88
00:04:15,360 --> 00:04:19,120
Speaker 4: clear that Palow will run again for Chip Kanassi Racing

89
00:04:19,160 --> 00:04:19,560
Speaker 4: next year.

90
00:04:19,760 --> 00:04:21,720
Speaker 3: Mark, just to follow up on that, I mean, you know,

91
00:04:22,080 --> 00:04:24,760
Speaker 3: we talk about all the differences between F one and Indy,

92
00:04:25,120 --> 00:04:29,000
Speaker 3: but you know, this demand for Tier one elite drivers,

93
00:04:29,040 --> 00:04:32,160
Speaker 3: I mean that seems to be a commonality through you know,

94
00:04:32,200 --> 00:04:35,240
Speaker 3: throughout you know, both organizations talk to us about you know,

95
00:04:35,360 --> 00:04:37,920
Speaker 3: the Penske team talk to us about Scott McLachlin, will

96
00:04:37,920 --> 00:04:40,040
Speaker 3: power Joseph Nugarten. I mean, are there going to be

97
00:04:40,040 --> 00:04:42,320
Speaker 3: any changes as we look ahead to next year or

98
00:04:42,320 --> 00:04:44,320
Speaker 3: is that not something you can disclose At the stage.

99
00:04:44,440 --> 00:04:48,720
Speaker 4: Team Penske has run separately from what I do with

100
00:04:48,839 --> 00:04:51,760
Speaker 4: the speedway and the league, if you will. But I'm

101
00:04:51,760 --> 00:04:54,839
Speaker 4: pretty close to those guys and it appears quite clear

102
00:04:54,920 --> 00:04:58,599
Speaker 4: that all three of Roger Penske's are Team Penske's drivers

103
00:04:58,640 --> 00:05:00,600
Speaker 4: will come back and race for him again next year.

104
00:05:00,800 --> 00:05:03,280
Speaker 4: And it is fun. I mean I love being around

105
00:05:03,279 --> 00:05:05,720
Speaker 4: all these drivers. They all have, like in any sport,

106
00:05:05,760 --> 00:05:09,040
Speaker 4: different personalities and all. But what's really fun is when

107
00:05:09,080 --> 00:05:10,960
Speaker 4: you get close to them behind the scenes. And you

108
00:05:11,000 --> 00:05:13,320
Speaker 4: can see how they're teammates, but they're also all over

109
00:05:13,360 --> 00:05:16,360
Speaker 4: each other and that takes different forms. But I think

110
00:05:16,360 --> 00:05:18,800
Speaker 4: the Team Penski guys are terrific and I think they'll

111
00:05:18,839 --> 00:05:19,640
Speaker 4: be back next year.

112
00:05:19,760 --> 00:05:22,200
Speaker 1: I'm glad that you had brought up Formula one because

113
00:05:22,279 --> 00:05:24,640
Speaker 1: I think about Formula one and I don't know a

114
00:05:24,680 --> 00:05:27,520
Speaker 1: whole lot about auto racing. But Drive to Survive has

115
00:05:27,560 --> 00:05:31,440
Speaker 1: been a big hit on Netflix and has introduced racing

116
00:05:31,520 --> 00:05:34,600
Speaker 1: to a lot of people who didn't really appreciate it.

117
00:05:34,880 --> 00:05:38,760
Speaker 1: How has that changed demand for your on air product

118
00:05:39,200 --> 00:05:41,159
Speaker 1: over the years, and how do you expect that to

119
00:05:41,240 --> 00:05:45,600
Speaker 1: play into and factor into talks for media rights going forward.

120
00:05:45,960 --> 00:05:48,400
Speaker 4: Yeah, I think it's some positive. It's brought more people

121
00:05:48,440 --> 00:05:51,520
Speaker 4: into the sport. We've never at IndyCar felt like we're

122
00:05:51,600 --> 00:05:56,120
Speaker 4: running against Formula one. They're both the leading examples of

123
00:05:56,200 --> 00:05:59,640
Speaker 4: open wheel racing. We have a bigger audience share in

124
00:05:59,680 --> 00:06:03,280
Speaker 4: tonal audience in the United States, they're much bigger worldwide,

125
00:06:03,560 --> 00:06:05,960
Speaker 4: and so I think it's a healthy competition in a sense,

126
00:06:06,040 --> 00:06:09,680
Speaker 4: but not something we sweat. What's really happened through Drive

127
00:06:09,720 --> 00:06:14,000
Speaker 4: to Survive is they brought new young people into this sport.

128
00:06:14,440 --> 00:06:16,680
Speaker 4: And I think that's good for all of us. We've

129
00:06:16,680 --> 00:06:20,760
Speaker 4: been growing in America for the last several years, and

130
00:06:20,839 --> 00:06:23,800
Speaker 4: I think that's helped Formula One in some ways, and

131
00:06:23,839 --> 00:06:26,839
Speaker 4: then their growth in part fueled by drive to survive.

132
00:06:27,520 --> 00:06:30,400
Speaker 1: What has surprised you about the new audience, the younger

133
00:06:30,440 --> 00:06:34,040
Speaker 1: audience that drive to survive has attracted to the sport.

134
00:06:34,120 --> 00:06:36,600
Speaker 1: I mean, how are you making I don't want to

135
00:06:36,640 --> 00:06:39,120
Speaker 1: say changes, but how are you adapting what you offer

136
00:06:39,279 --> 00:06:41,640
Speaker 1: to appeal to this new audience.

137
00:06:42,279 --> 00:06:46,200
Speaker 4: Well, we had our own unscripted or docuseries last year

138
00:06:46,240 --> 00:06:49,279
Speaker 4: called one hundred Days to Indye. There were six episodes

139
00:06:49,320 --> 00:06:51,520
Speaker 4: the first half of the year, so to speak up

140
00:06:51,560 --> 00:06:53,520
Speaker 4: through the any five hundred it was a little bit

141
00:06:53,560 --> 00:06:57,520
Speaker 4: the same style, except that ours was they'd shoot from

142
00:06:57,520 --> 00:07:00,040
Speaker 4: week to week to week and race to race, and

143
00:07:00,120 --> 00:07:03,440
Speaker 4: then they'd air right after a race, so it was

144
00:07:03,480 --> 00:07:06,160
Speaker 4: more contemporary and we felt like it had a really

145
00:07:06,200 --> 00:07:11,080
Speaker 4: helpful effect on our live race audiences as it generated

146
00:07:11,080 --> 00:07:13,680
Speaker 4: its own audience for the behind the scenes look at

147
00:07:13,920 --> 00:07:16,840
Speaker 4: drivers and their families. So we averaged about five hundred

148
00:07:16,840 --> 00:07:19,520
Speaker 4: and fifty thousand people for episode watching one hundred Days

149
00:07:19,520 --> 00:07:22,720
Speaker 4: to Indy. We had not yet had international distribution. That'll

150
00:07:22,720 --> 00:07:25,760
Speaker 4: be announced that we do for season one, and then

151
00:07:25,920 --> 00:07:28,480
Speaker 4: that'll grow from there. So Drive to Survive is in

152
00:07:28,480 --> 00:07:31,040
Speaker 4: its six or seventh season. In the first year, we

153
00:07:31,040 --> 00:07:33,000
Speaker 4: were really happy with one hundred days to Indy. But

154
00:07:33,040 --> 00:07:36,760
Speaker 4: what's common to both of them is that it brings

155
00:07:36,760 --> 00:07:40,920
Speaker 4: in younger audiences who want to understand the personalities in

156
00:07:40,960 --> 00:07:43,560
Speaker 4: the sport, and that, of course is good for all sports.

157
00:07:43,720 --> 00:07:45,720
Speaker 3: Well Mark, the metrics speak for themselves, right, I mean,

158
00:07:45,800 --> 00:07:48,080
Speaker 3: you had the highest domestic viewership since two thousand and eight.

159
00:07:48,080 --> 00:07:49,840
Speaker 3: I'm tucking Indy Car. You know, you had eight or

160
00:07:49,880 --> 00:07:53,239
Speaker 3: fourteen races, surpassing an average of one million viewers per

161
00:07:53,640 --> 00:07:56,680
Speaker 3: I think your attendance across the seventeen race season is

162
00:07:56,760 --> 00:07:59,160
Speaker 3: up more than twenty percent this year. Yeah, I want

163
00:07:59,160 --> 00:08:01,400
Speaker 3: you to dial it back. Talk to us about how

164
00:08:01,440 --> 00:08:04,600
Speaker 3: you started as CEO of the Association for Tennis Professionals,

165
00:08:04,640 --> 00:08:07,520
Speaker 3: how you brought up a Super Bowl to Indianapolis in

166
00:08:07,560 --> 00:08:10,760
Speaker 3: twenty twelve. What's it going to take to continue that

167
00:08:10,840 --> 00:08:13,160
Speaker 3: type of growth, that type of marketing, that type of

168
00:08:13,160 --> 00:08:15,960
Speaker 3: brand recognition for the NDT Indie Car Series.

169
00:08:16,560 --> 00:08:19,680
Speaker 4: It's similar in some ways to tennis. They're both kind

170
00:08:19,680 --> 00:08:24,040
Speaker 4: of challenger leagues in this country. Tennis is more established internationally.

171
00:08:24,280 --> 00:08:27,120
Speaker 4: When I was involved, probably eighty five percent of the

172
00:08:27,160 --> 00:08:30,360
Speaker 4: revenues of men's professional tennis with from outside the US,

173
00:08:30,400 --> 00:08:34,680
Speaker 4: So an American fans view of the state of global

174
00:08:34,760 --> 00:08:38,040
Speaker 4: tennis was never very accurate, if that was their perspective.

175
00:08:38,679 --> 00:08:41,760
Speaker 4: And in this case with Indie carts, a bit the same.

176
00:08:41,920 --> 00:08:45,840
Speaker 4: We now have a really good media partner with NBC,

177
00:08:46,679 --> 00:08:49,360
Speaker 4: so you know, fourteen of our seventeen races in the

178
00:08:49,480 --> 00:08:53,600
Speaker 4: US are on network, and that's they've been good promotional partners.

179
00:08:53,600 --> 00:08:58,160
Speaker 4: It's they've got great reach and they've helped us continue

180
00:08:58,240 --> 00:09:00,960
Speaker 4: every year to grow our audience. So that was the

181
00:09:01,000 --> 00:09:04,880
Speaker 4: trick with tennis was, you know, growth strategies, not trying

182
00:09:04,920 --> 00:09:09,760
Speaker 4: to create some quick, kind of inflated spurt of growth

183
00:09:09,760 --> 00:09:13,480
Speaker 4: which you're then subject to losing. And I think we're

184
00:09:13,480 --> 00:09:16,240
Speaker 4: on the right track. I believe, you know, our media

185
00:09:16,320 --> 00:09:20,200
Speaker 4: rights are up for re licensing. NBC has our rights

186
00:09:20,240 --> 00:09:23,840
Speaker 4: through twenty twenty four, but we'll be in the marketplace

187
00:09:24,040 --> 00:09:26,720
Speaker 4: yet this year beginning to look for what the future

188
00:09:26,760 --> 00:09:29,240
Speaker 4: looks like that could well be NBC. But there's a

189
00:09:29,240 --> 00:09:32,840
Speaker 4: lot of interest and we're looking forward to the marketing process.

190
00:09:32,559 --> 00:09:36,040
Speaker 1: Damian mentioned the domestic viewership. Something you're looking at, of

191
00:09:36,040 --> 00:09:42,600
Speaker 1: course is broadening out IndyCar and IndyCar racing two overseas markets,

192
00:09:42,679 --> 00:09:46,200
Speaker 1: including the possibility that you might stage a race in

193
00:09:46,280 --> 00:09:49,040
Speaker 1: South America, and this could happen as soon as next year.

194
00:09:49,320 --> 00:09:52,360
Speaker 4: Yeah. So the strategy is that we don't want to

195
00:09:52,400 --> 00:09:55,080
Speaker 4: be Formula One in terms of the way they really

196
00:09:55,120 --> 00:09:58,840
Speaker 4: do race all around the globe. It's a very international circuit.

197
00:09:59,200 --> 00:10:02,520
Speaker 4: What we want to do be the dominant North American

198
00:10:02,840 --> 00:10:06,240
Speaker 4: Open wheel Motorsports series. So we're going to run our

199
00:10:06,280 --> 00:10:09,839
Speaker 4: championship in North America, from Canada, maybe Mexico, and predominantly

200
00:10:09,880 --> 00:10:13,000
Speaker 4: in the United States. Those points races will go from

201
00:10:13,360 --> 00:10:17,000
Speaker 4: March through this time of year, and then when college

202
00:10:17,000 --> 00:10:21,439
Speaker 4: football and pro football gear up will have concluded the championship.

203
00:10:21,520 --> 00:10:23,720
Speaker 4: But that leaves the fourth quarter of the calendar year,

204
00:10:24,000 --> 00:10:26,760
Speaker 4: and we think there's real demand and opportunities as strong

205
00:10:26,840 --> 00:10:30,400
Speaker 4: fan base, particularly in Latin America. So we won't award points,

206
00:10:30,440 --> 00:10:33,319
Speaker 4: but there'll be prize money events and I could see

207
00:10:33,400 --> 00:10:35,720
Speaker 4: us run in one and then maybe two, maybe three

208
00:10:36,360 --> 00:10:39,600
Speaker 4: races abroad in the fourth quarter of the calendar year.

209
00:10:39,640 --> 00:10:42,640
Speaker 4: If it all works out, that's good, especially if we

210
00:10:42,679 --> 00:10:45,120
Speaker 4: can do it like we're talking with Argentina right now,

211
00:10:45,160 --> 00:10:48,320
Speaker 4: those secret about that for what could be October of

212
00:10:48,360 --> 00:10:52,120
Speaker 4: twenty twenty four. That is a time zone that's helpful

213
00:10:52,160 --> 00:10:57,320
Speaker 4: still for keeping US fans invested in the series, and

214
00:10:57,760 --> 00:10:59,640
Speaker 4: that's one of the considerations we'll look at when we

215
00:10:59,679 --> 00:11:01,000
Speaker 4: look at other opportunities.

216
00:11:01,280 --> 00:11:01,480
Speaker 2: Mark.

217
00:11:01,520 --> 00:11:04,679
Speaker 3: One of the things that really worked well for the

218
00:11:04,720 --> 00:11:08,280
Speaker 3: Association of Tennis Professionals and building tennis more broadly was,

219
00:11:08,640 --> 00:11:11,440
Speaker 3: as you mentioned, the right partners, but really in tennis,

220
00:11:11,440 --> 00:11:13,840
Speaker 3: it was about getting those like stable partners, you know,

221
00:11:13,880 --> 00:11:16,600
Speaker 3: like Mercedes for example. Talk to us about the partners

222
00:11:16,600 --> 00:11:20,000
Speaker 3: that you currently have at IndyCar, you know, I mean,

223
00:11:20,160 --> 00:11:23,400
Speaker 3: who are the big partners, who are the big proponents

224
00:11:23,440 --> 00:11:25,760
Speaker 3: of the sport and who do you see you know,

225
00:11:25,800 --> 00:11:27,280
Speaker 3: getting involved on a forward basis.

226
00:11:27,480 --> 00:11:29,600
Speaker 4: Yeah, the ATP we made a deal I think in

227
00:11:29,640 --> 00:11:32,960
Speaker 4: like nineteen ninety five with Mercedes, and I think that

228
00:11:33,160 --> 00:11:36,080
Speaker 4: lasted fifteen years or so. It was really important to

229
00:11:36,480 --> 00:11:39,720
Speaker 4: the growth of that sport. And in IndyCar, you know,

230
00:11:39,720 --> 00:11:43,480
Speaker 4: we've added twenty brands in the last three years. Our

231
00:11:43,520 --> 00:11:47,280
Speaker 4: average tenure or linked of a relationship with a sponsor

232
00:11:47,760 --> 00:11:51,400
Speaker 4: is way over twenty years. And the big brands are

233
00:11:51,440 --> 00:11:58,200
Speaker 4: brands including Firestone, NTT, Shell and Pinzol penz Oil. Verizon

234
00:11:58,320 --> 00:12:00,440
Speaker 4: is heavily invested in the sports. So we had some

235
00:12:00,480 --> 00:12:03,280
Speaker 4: big brands and some big consumer brands and they help

236
00:12:03,360 --> 00:12:06,240
Speaker 4: us both promotionally and they help us in some of

237
00:12:06,240 --> 00:12:11,000
Speaker 4: the cases with technology development, which especially around being better

238
00:12:11,320 --> 00:12:14,840
Speaker 4: at translating the amazing data that comes off a car

239
00:12:14,880 --> 00:12:17,480
Speaker 4: and turning it into content presenting it to fans in

240
00:12:17,480 --> 00:12:20,200
Speaker 4: a way that they get it. It's a big opportunity

241
00:12:20,200 --> 00:12:22,160
Speaker 4: and I think we're just scratching the surface, but we've

242
00:12:22,160 --> 00:12:24,000
Speaker 4: got the partners to help us take it out, take

243
00:12:24,000 --> 00:12:24,720
Speaker 4: its limits.

244
00:12:25,040 --> 00:12:27,320
Speaker 1: Sounds like you've got a wide open road ahead of you. Mark,

245
00:12:27,520 --> 00:12:29,160
Speaker 1: really appreciate your joining us today.

246
00:12:29,240 --> 00:12:31,040
Speaker 4: Charlotte Damien, thank you both very much.

247
00:12:31,400 --> 00:12:34,480
Speaker 1: That was Mark Miles, President and CEO of Penske Entertainment.

248
00:12:34,520 --> 00:12:37,520
Speaker 1: It's a unit of Penske Corporation, which owns the Indianapolis

249
00:12:37,520 --> 00:12:40,360
Speaker 1: Motor Speedway and the NTT IndyCar Series.

250
00:12:40,880 --> 00:12:44,960
Speaker 3: Up next, we review the NFL opening weekend with former

251
00:12:45,040 --> 00:12:48,920
Speaker 3: Oakland Raiders CEO Amy Trask. That's straight ahead on the

252
00:12:48,920 --> 00:12:52,400
Speaker 3: Bloomberg Business and Sports Show. I'm Damian sas Hour along

253
00:12:52,480 --> 00:12:56,480
Speaker 3: with Scarlettfoo. You're listening to Bloomberg Radio around the world.

254
00:13:02,600 --> 00:13:07,880
Speaker 1: Is Bloomberg Business of Sports from Bloomberg Radio. This is

255
00:13:07,880 --> 00:13:10,120
Speaker 1: the Bloomberg Business of Sports Show where we explore the

256
00:13:10,200 --> 00:13:12,720
Speaker 1: big money issues in the world of sports. I'm Scarlett

257
00:13:12,720 --> 00:13:16,080
Speaker 1: Foo along with Damien sass Hour. Yes, the NFL season

258
00:13:16,200 --> 00:13:18,640
Speaker 1: is finally here, and we've got a lot of headlines

259
00:13:18,679 --> 00:13:22,280
Speaker 1: to go over, including one Aaron Rodgers, the superstar quarterback

260
00:13:22,320 --> 00:13:25,360
Speaker 1: making his regular season debut with Damien's New York Jets.

261
00:13:25,920 --> 00:13:29,360
Speaker 1: And already we're seeing the boom in merch sales, as

262
00:13:29,440 --> 00:13:32,800
Speaker 1: Rogers trails only Patrick Mahomes for the most player brand

263
00:13:32,880 --> 00:13:35,040
Speaker 1: gear sales so far this year.

264
00:13:35,240 --> 00:13:37,760
Speaker 3: That's right, Scarlet. Aaron Rodgers did suit up already for

265
00:13:37,800 --> 00:13:40,160
Speaker 3: the team in preseason. In fact, that was the very

266
00:13:40,160 --> 00:13:44,320
Speaker 3: first time he played in a preseason game since twenty eighteen.

267
00:13:44,880 --> 00:13:47,839
Speaker 3: Here's the New Jets quarterback talking about how he felt

268
00:13:47,840 --> 00:13:50,319
Speaker 3: stepping onto the field at Mettlife Stadium.

269
00:13:50,400 --> 00:13:53,200
Speaker 6: Had some butterflies, for sure. I think that's always normal

270
00:13:53,280 --> 00:13:56,040
Speaker 6: first time I strapping on, It's kind of the standard.

271
00:13:56,040 --> 00:14:00,000
Speaker 6: Whether I'm in year one plan in San Diego Chargers

272
00:14:00,200 --> 00:14:04,080
Speaker 6: year nineteen. You know, pre season number four. There's there's

273
00:14:04,080 --> 00:14:07,120
Speaker 6: always some butterflies when you step out there for the

274
00:14:07,120 --> 00:14:07,600
Speaker 6: first time.

275
00:14:08,000 --> 00:14:11,480
Speaker 1: Vulnerable Aaron Rodger is feeling butterflies. Just one story of

276
00:14:11,480 --> 00:14:13,800
Speaker 1: course heading into the NFL season. But we want to

277
00:14:13,840 --> 00:14:16,160
Speaker 1: get into a lot more with our friend of the show,

278
00:14:16,240 --> 00:14:19,880
Speaker 1: Amy Trask. She has a former CEO of the Oakland Raiders,

279
00:14:20,000 --> 00:14:23,320
Speaker 1: Remember the Oakland Raiders. She's an analyst at CBS Sports

280
00:14:23,400 --> 00:14:27,040
Speaker 1: and author of the book You Negotiate Like a Girl. Amy,

281
00:14:27,200 --> 00:14:29,400
Speaker 1: Welcome back to the Bloomberg Business of sports.

282
00:14:29,520 --> 00:14:32,360
Speaker 5: It is an absolute honor and pleasure to join you.

283
00:14:32,440 --> 00:14:33,840
Speaker 5: Thank you for having me, Amy.

284
00:14:33,840 --> 00:14:36,480
Speaker 3: There are plenty of, you know, storylines heading into this

285
00:14:36,640 --> 00:14:39,040
Speaker 3: NFL season. I mean, we can talk about Aaron Rodgers

286
00:14:39,040 --> 00:14:41,040
Speaker 3: to what blew in the face. But let's talk about

287
00:14:41,200 --> 00:14:44,840
Speaker 3: your once Oakland now Las Vegas Raiders. Let's talk about

288
00:14:44,920 --> 00:14:48,640
Speaker 3: Jimmy Garoppolo. Let's talk about Josh Jacobs finally signing. I

289
00:14:48,640 --> 00:14:50,880
Speaker 3: mean huge, talk to us about their chances. I think

290
00:14:50,920 --> 00:14:51,960
Speaker 3: we have Denver this weekend.

291
00:14:52,120 --> 00:14:55,320
Speaker 5: Well, I think the Josh Jacobs signing is of tremendous

292
00:14:55,360 --> 00:14:57,960
Speaker 5: tremendous importance. And you're talking right now to a girl

293
00:14:57,960 --> 00:15:01,640
Speaker 5: who believes in therunning game. And while a lot of

294
00:15:01,640 --> 00:15:04,720
Speaker 5: people don't prioritize the running game, you've got to remember

295
00:15:04,760 --> 00:15:07,640
Speaker 5: that the running game helps the passing game, just as

296
00:15:07,680 --> 00:15:10,880
Speaker 5: the passing game helps the running game. Football is math.

297
00:15:11,040 --> 00:15:14,480
Speaker 5: It's eleven on eleven. And if you have a dominant

298
00:15:14,560 --> 00:15:16,680
Speaker 5: running game, if you have a running game with someone

299
00:15:16,760 --> 00:15:21,280
Speaker 5: like Josh Jacobs, that's going to take defenders away from

300
00:15:21,400 --> 00:15:25,080
Speaker 5: pass rush, away from thwarting the quarterback and what he's

301
00:15:25,120 --> 00:15:27,720
Speaker 5: trying to do, thwarting the receivers and what they're trying

302
00:15:27,720 --> 00:15:29,680
Speaker 5: to do. So if you simply look at it in

303
00:15:29,760 --> 00:15:33,400
Speaker 5: terms of math, signing Josh Jacobs is of tremendous importance.

304
00:15:33,400 --> 00:15:35,560
Speaker 5: And of course it's beyond the math. So I think

305
00:15:35,600 --> 00:15:40,640
Speaker 5: the Josh Jacobs back with the team is of paramount importance.

306
00:15:41,040 --> 00:15:44,680
Speaker 5: As to Jimmy, we're going to see. I believe there's

307
00:15:44,680 --> 00:15:48,320
Speaker 5: a difference between a quarterback with whom you can win,

308
00:15:48,720 --> 00:15:52,200
Speaker 5: and clearly you can win with Jimmy, We've seen that

309
00:15:52,280 --> 00:15:55,040
Speaker 5: over the years, and a quarterback to whom you can

310
00:15:55,080 --> 00:15:58,400
Speaker 5: turn on the sideline and look at and say you

311
00:15:58,640 --> 00:16:00,480
Speaker 5: just got to figure out a way to put this

312
00:16:00,560 --> 00:16:04,120
Speaker 5: team on your shoulders and find a way to win.

313
00:16:04,680 --> 00:16:07,800
Speaker 5: We don't know yet if that's Jimmy, because Jimmy has

314
00:16:07,880 --> 00:16:10,720
Speaker 5: won a lot of games, but with a tremendous, tremendous

315
00:16:10,760 --> 00:16:14,840
Speaker 5: team behind him, he hasn't been the sole reason for winning.

316
00:16:15,040 --> 00:16:17,280
Speaker 5: So we're going to see what he can do when

317
00:16:17,320 --> 00:16:19,840
Speaker 5: the moment comes, if the team has to turn to

318
00:16:19,920 --> 00:16:21,760
Speaker 5: him and say, figure out a way to get this done.

319
00:16:21,840 --> 00:16:23,360
Speaker 3: Well, Leimi, I just want to keep you focused on

320
00:16:23,400 --> 00:16:25,720
Speaker 3: the Raiders here because you know, just this week, you know,

321
00:16:26,560 --> 00:16:29,720
Speaker 3: you know, obviously we talk about the offense in Las Vegas,

322
00:16:29,760 --> 00:16:31,760
Speaker 3: but we got to talk about the defense. Max Crosby

323
00:16:31,840 --> 00:16:36,720
Speaker 3: Chandler Jones Chandler Jones complaining about not having access to

324
00:16:36,760 --> 00:16:40,200
Speaker 3: the gym on Instagram and then deleting the messages. I'm

325
00:16:40,200 --> 00:16:42,320
Speaker 3: trying to get my arms right, I mean, are things

326
00:16:42,680 --> 00:16:44,520
Speaker 3: is there something off there? I mean, I mean, what's

327
00:16:44,560 --> 00:16:44,960
Speaker 3: going on?

328
00:16:45,200 --> 00:16:47,840
Speaker 5: Well, it struck me that that was a moment of

329
00:16:47,840 --> 00:16:51,000
Speaker 5: frustration per Chandler. He was frustrated, He wanted to get

330
00:16:51,000 --> 00:16:55,560
Speaker 5: into the facility. He aired his frustrations publicly, which you know,

331
00:16:55,880 --> 00:16:59,600
Speaker 5: not a great idea, and then he resought that and

332
00:16:59,720 --> 00:17:02,920
Speaker 5: took down that which he shared publicly. Look, we all

333
00:17:02,920 --> 00:17:07,520
Speaker 5: get frustrated at times, but as Herm Edwards, the former coach, said,

334
00:17:08,160 --> 00:17:11,720
Speaker 5: just think before you hit send, so to speak. I

335
00:17:11,760 --> 00:17:14,480
Speaker 5: don't know if there's something more going on with Chandler,

336
00:17:15,119 --> 00:17:18,840
Speaker 5: but clearly he was frustrated and hopefully it gets worked out.

337
00:17:19,359 --> 00:17:21,800
Speaker 1: So Amy, I've got to ask you. Of course, we

338
00:17:21,840 --> 00:17:25,080
Speaker 1: talk about the strategy for winning on the field, Damien's

339
00:17:25,119 --> 00:17:27,600
Speaker 1: all over that. What about the strategy for building a

340
00:17:27,640 --> 00:17:32,239
Speaker 1: successful NFL team? How has that evolved since you were

341
00:17:32,280 --> 00:17:34,400
Speaker 1: running the raidersolved?

342
00:17:34,520 --> 00:17:38,440
Speaker 5: It's evolved tremendously, tremendously, And you are very very kind

343
00:17:38,480 --> 00:17:40,840
Speaker 5: to be letting me do this without being on camera

344
00:17:41,640 --> 00:17:43,800
Speaker 5: because of my fear of cameras, which I know is

345
00:17:43,840 --> 00:17:46,240
Speaker 5: odd for someone who now is on television to say.

346
00:17:46,560 --> 00:17:48,600
Speaker 5: But the reason I note that is if you could

347
00:17:48,640 --> 00:17:50,439
Speaker 5: see me right now, you would see my ear to

348
00:17:50,480 --> 00:17:53,400
Speaker 5: ear smile when you say you were running the Raiders

349
00:17:53,440 --> 00:17:56,560
Speaker 5: because there was this guy named Al Davis, you know

350
00:17:57,000 --> 00:17:58,879
Speaker 5: a little bit of a reflection as to who was

351
00:17:58,960 --> 00:18:03,520
Speaker 5: running the Raiders. But you're absolutely right, it has evolved tremendously.

352
00:18:03,960 --> 00:18:06,480
Speaker 5: The economics of the league. The finances of the league

353
00:18:06,520 --> 00:18:09,159
Speaker 5: are far beyond what they were during my years in

354
00:18:09,200 --> 00:18:13,520
Speaker 5: the league. And there's thirty two teams, and putting aside

355
00:18:13,560 --> 00:18:16,399
Speaker 5: the packers because they are not owned by an individual

356
00:18:16,480 --> 00:18:20,160
Speaker 5: but by a collection of individuals. Thirty one teams owned

357
00:18:20,160 --> 00:18:24,359
Speaker 5: by thirty one different ownership groups, and they are each

358
00:18:24,760 --> 00:18:28,160
Speaker 5: run differently. And the reason I note that is some

359
00:18:28,200 --> 00:18:31,840
Speaker 5: owners delegate more responsibility and more authority than do other

360
00:18:31,920 --> 00:18:34,640
Speaker 5: ownership groups. But at the end of the day, when

361
00:18:34,680 --> 00:18:36,960
Speaker 5: you are the owner of a business, you have ultimate

362
00:18:37,000 --> 00:18:41,080
Speaker 5: responsibility and ultimate authority, and even if you delegate that,

363
00:18:41,400 --> 00:18:44,639
Speaker 5: you can take back that delegation at any time. So

364
00:18:45,119 --> 00:18:47,600
Speaker 5: you know, the business is different now than it was

365
00:18:47,800 --> 00:18:49,920
Speaker 5: ten years ago. But at the end of the day,

366
00:18:50,280 --> 00:18:53,800
Speaker 5: thirty one owners and they each run their teams very differently.

367
00:18:54,040 --> 00:18:57,800
Speaker 1: Well, more and more we see finance guys owning football teams.

368
00:18:58,160 --> 00:19:01,439
Speaker 1: I wonder how that changes the way that they build

369
00:19:01,440 --> 00:19:03,399
Speaker 1: out their leadership.

370
00:19:03,760 --> 00:19:07,960
Speaker 5: That, of course, is a spectacular question, and you're absolutely right.

371
00:19:08,000 --> 00:19:10,480
Speaker 5: As the prices of teams go up and up and up.

372
00:19:10,880 --> 00:19:15,160
Speaker 5: Given the league restriction as to ownership, who may own

373
00:19:15,240 --> 00:19:18,520
Speaker 5: how much you have to own? Having one controlling owner

374
00:19:18,600 --> 00:19:21,840
Speaker 5: as it's denominated by the league. We are seeing more

375
00:19:21,880 --> 00:19:25,320
Speaker 5: and more finance people getting involved, and you are right

376
00:19:25,520 --> 00:19:29,120
Speaker 5: when you are putting and committing that amount of money

377
00:19:29,640 --> 00:19:33,960
Speaker 5: to purchasing a team fair enough. If you want more involvement,

378
00:19:34,480 --> 00:19:36,919
Speaker 5: maybe you want to delegate. But with that amount of

379
00:19:36,920 --> 00:19:40,119
Speaker 5: money involved, maybe you want to retain more authority and

380
00:19:40,240 --> 00:19:42,280
Speaker 5: more control. And the League is going to have to

381
00:19:42,320 --> 00:19:45,280
Speaker 5: take a look at some point at those ownership rules

382
00:19:45,280 --> 00:19:49,400
Speaker 5: and restrictions because the pool of people who can afford

383
00:19:49,520 --> 00:19:55,000
Speaker 5: to pay what teams are now valued without incurring more

384
00:19:55,160 --> 00:19:59,480
Speaker 5: debt than league debt sealing limits allow that pool grows

385
00:19:59,520 --> 00:20:00,520
Speaker 5: smaller smaller.

386
00:20:00,800 --> 00:20:04,680
Speaker 3: Amy your former Oakland Raiders are now based in Las Vegas.

387
00:20:05,119 --> 00:20:08,760
Speaker 3: And if I'm not mistaken, looking ahead to February eleventh,

388
00:20:08,920 --> 00:20:12,199
Speaker 3: twenty twenty four, Super Bowl fifty eight is set to

389
00:20:12,240 --> 00:20:16,560
Speaker 3: be held in Sin City. My birthday, my fiftieth birthday,

390
00:20:16,680 --> 00:20:20,800
Speaker 3: is on February eleventh, twenty twenty four. I think the

391
00:20:20,880 --> 00:20:22,359
Speaker 3: Jets are going to be there. I mean, should I

392
00:20:22,359 --> 00:20:23,160
Speaker 3: book my tickets?

393
00:20:23,200 --> 00:20:23,360
Speaker 2: Now?

394
00:20:23,520 --> 00:20:26,960
Speaker 3: Talk to us about what's going on. Aaron Rodgers, tell

395
00:20:27,040 --> 00:20:29,000
Speaker 3: us a little bit about what you're what are you

396
00:20:29,040 --> 00:20:29,720
Speaker 3: feeling there?

397
00:20:30,480 --> 00:20:33,520
Speaker 5: First of all, it's your birthday, so book the tickets.

398
00:20:33,880 --> 00:20:37,240
Speaker 5: It's a CBS Super Bowl this year, so I will

399
00:20:37,280 --> 00:20:40,040
Speaker 5: be there and if you are there on your birthday,

400
00:20:40,200 --> 00:20:42,600
Speaker 5: I will treat you to ice cream. So how about that.

401
00:20:43,000 --> 00:20:46,400
Speaker 5: As to Aaron Rodgers, I'm reminded this off season of

402
00:20:46,720 --> 00:20:48,919
Speaker 5: The Brady Bunch, and I don't know how many of

403
00:20:48,960 --> 00:20:52,040
Speaker 5: your viewers and listeners remember The Brady Bunch, but there's

404
00:20:52,040 --> 00:20:55,640
Speaker 5: this episode where the middle child, Jan is so annoyed

405
00:20:55,680 --> 00:20:59,159
Speaker 5: by how much attention the older sister Marsha is getting.

406
00:20:59,280 --> 00:21:03,359
Speaker 5: She says, Marsha, Marsha, Marsha an all off season with

407
00:21:03,440 --> 00:21:08,600
Speaker 5: the discussion of Aaron Rodgers. I've had that in mind. Aaron, Aaron, Aaron.

408
00:21:08,680 --> 00:21:11,240
Speaker 5: We are hearing so much about that. Of course, it

409
00:21:11,440 --> 00:21:15,040
Speaker 5: is Aaron Rodgers, who is a tremendous quarterback playing for

410
00:21:15,080 --> 00:21:17,359
Speaker 5: the New York Jets, so it's going to gather a

411
00:21:17,400 --> 00:21:22,280
Speaker 5: lot of attention. I'm very, very intrigued to see what happens.

412
00:21:22,400 --> 00:21:26,480
Speaker 5: I think we are going to see the best Aaron Rodgers.

413
00:21:26,760 --> 00:21:29,080
Speaker 5: With one caveat that I'll give you in a minute.

414
00:21:29,280 --> 00:21:32,320
Speaker 5: The reason I think we will see a magnificent Aaron

415
00:21:32,960 --> 00:21:35,800
Speaker 5: is because he plays very, very very well with a

416
00:21:35,880 --> 00:21:38,280
Speaker 5: chip on his shoulder, and I think he's coming in

417
00:21:38,320 --> 00:21:41,080
Speaker 5: with a chip on his shoulder. Now. That said, they

418
00:21:41,119 --> 00:21:45,000
Speaker 5: have got to protect him. Past protection has been an

419
00:21:45,080 --> 00:21:50,480
Speaker 5: issue this off season, this preseason. Assuming they can get

420
00:21:50,480 --> 00:21:53,760
Speaker 5: past protection worked out, I'm very excited to see what

421
00:21:53,840 --> 00:21:56,800
Speaker 5: Aaron can do. And maybe you'll be celebrating that on

422
00:21:56,840 --> 00:21:59,040
Speaker 5: your birthday with me treating you as ice cream in

423
00:21:59,119 --> 00:21:59,800
Speaker 5: lack Vegas.

424
00:22:00,000 --> 00:22:01,600
Speaker 3: Amy, that's a date. I just got to ask you,

425
00:22:01,600 --> 00:22:03,480
Speaker 3: have you been watching Hard Knocks? I mean, what are

426
00:22:03,520 --> 00:22:05,680
Speaker 3: your thoughts. I mean a lot of people believe that

427
00:22:06,240 --> 00:22:09,359
Speaker 3: Aaron Rodgers had been sort of misrepresented by the media

428
00:22:09,440 --> 00:22:12,240
Speaker 3: during his stints in Green Bay. I mean, does your

429
00:22:12,359 --> 00:22:16,000
Speaker 3: view of him change at all after watching Hard Knocks

430
00:22:16,080 --> 00:22:16,760
Speaker 3: or hearing about it.

431
00:22:16,880 --> 00:22:19,760
Speaker 5: Well, I didn't watch a lot of Hard Knocks. It

432
00:22:19,800 --> 00:22:22,320
Speaker 5: was the summer. I was at the beach a lot.

433
00:22:22,359 --> 00:22:25,800
Speaker 5: I didn't watch a lot as to my view of Aaron,

434
00:22:25,840 --> 00:22:28,080
Speaker 5: and I did watch some, But as to my view

435
00:22:28,160 --> 00:22:31,119
Speaker 5: of Aaron, I don't think it's a simple view. I

436
00:22:31,119 --> 00:22:33,480
Speaker 5: don't think you know, I don't know that you necessarily

437
00:22:33,560 --> 00:22:36,520
Speaker 5: paint any one person with one brush.

438
00:22:36,640 --> 00:22:36,880
Speaker 2: Look.

439
00:22:36,920 --> 00:22:39,280
Speaker 5: I went to cal Aaron went to cal So. I

440
00:22:39,320 --> 00:22:41,640
Speaker 5: have followed Aaron since college, and I think what we've

441
00:22:41,680 --> 00:22:44,159
Speaker 5: seen is watch him emerge. We've seen a lot of

442
00:22:44,160 --> 00:22:47,639
Speaker 5: different aspects of him, and look, people are multifaceted. I

443
00:22:47,720 --> 00:22:49,960
Speaker 5: do think there's a lot of different sides to Aaron,

444
00:22:50,040 --> 00:22:52,480
Speaker 5: and I think we're going to see an interesting eron

445
00:22:52,560 --> 00:22:53,879
Speaker 5: this year with the Jets.

446
00:22:54,200 --> 00:22:57,120
Speaker 1: Amy, you mentioned that you went to Cal, you got

447
00:22:57,119 --> 00:23:00,879
Speaker 1: your BA at UC Berkeley, you got your logic USC,

448
00:23:01,480 --> 00:23:05,280
Speaker 1: but obviously you're partial to CAL. I got to ask you,

449
00:23:05,560 --> 00:23:07,920
Speaker 1: what do you think about the implosion of the PAC ten.

450
00:23:08,680 --> 00:23:11,600
Speaker 1: At this point, Cal and Stanford are going to end

451
00:23:11,680 --> 00:23:14,239
Speaker 1: up potentially in the ACC, which is going to make

452
00:23:14,280 --> 00:23:16,360
Speaker 1: life really difficult for all those athletes.

453
00:23:17,080 --> 00:23:21,240
Speaker 5: You know, you raise a phenomenal topic. I kind of

454
00:23:21,240 --> 00:23:23,560
Speaker 5: want to cry, but I'm going to hold myself together

455
00:23:23,640 --> 00:23:26,440
Speaker 5: and answer your question. Look, when I went to Cal,

456
00:23:26,480 --> 00:23:28,639
Speaker 5: it was the PAC ten, not the PAC twelve. But

457
00:23:28,680 --> 00:23:30,960
Speaker 5: I will quickly note it was not the PAC eight.

458
00:23:31,040 --> 00:23:32,560
Speaker 5: I was a kid when it was the PAC eight,

459
00:23:34,320 --> 00:23:37,160
Speaker 5: and it's the end of an era. It really is.

460
00:23:37,880 --> 00:23:40,639
Speaker 5: UCLA and USC were the first to break away, and

461
00:23:40,680 --> 00:23:43,639
Speaker 5: then we saw the rest of the conference splinter. I

462
00:23:43,720 --> 00:23:47,080
Speaker 5: don't like the idea of schools requiring their athletes to

463
00:23:47,119 --> 00:23:49,560
Speaker 5: make the sort of trips we are talking about when

464
00:23:49,560 --> 00:23:53,600
Speaker 5: you reference the ACC and it's distance from calif Crazy. Look,

465
00:23:53,920 --> 00:23:56,439
Speaker 5: it's one thing when you're on the football team or

466
00:23:56,480 --> 00:23:59,840
Speaker 5: even the men's basketball team, they're taking care of well,

467
00:24:00,080 --> 00:24:03,240
Speaker 5: they're off road, they're often chartered flights, and they are

468
00:24:03,320 --> 00:24:06,359
Speaker 5: well tended to on the road. But what about the

469
00:24:06,440 --> 00:24:10,320
Speaker 5: other sports? What about women's volleyball, what about men's lacrosse?

470
00:24:10,480 --> 00:24:14,040
Speaker 5: What about rowing? What about water polo? These And I'm

471
00:24:14,080 --> 00:24:16,120
Speaker 5: going to use this in quotes because I think it's

472
00:24:16,200 --> 00:24:19,000
Speaker 5: time that a lot of people stopped using this expression

473
00:24:19,160 --> 00:24:23,800
Speaker 5: student athletes. When you are putting quote student athletes on

474
00:24:23,840 --> 00:24:27,439
Speaker 5: a commercial flight across the country to return on a

475
00:24:27,440 --> 00:24:31,600
Speaker 5: commercial flight which may be dramatically delayed, which may be canceled,

476
00:24:31,800 --> 00:24:34,359
Speaker 5: and you expect them to get their studies done and

477
00:24:34,440 --> 00:24:37,280
Speaker 5: be back in class the next morning, maybe to take

478
00:24:37,280 --> 00:24:40,200
Speaker 5: a mid term or another test. You know, people throw

479
00:24:40,240 --> 00:24:44,760
Speaker 5: the expression student athlete around and I am bothered by

480
00:24:44,760 --> 00:24:48,040
Speaker 5: that because what we are seeing here in many regards,

481
00:24:48,080 --> 00:24:52,600
Speaker 5: including Callen Stanford going to the ACC, makes a mockery

482
00:24:52,640 --> 00:24:56,120
Speaker 5: of the concept student athletes. You are not giving these

483
00:24:56,560 --> 00:24:59,000
Speaker 5: young men and young women the best opportunity to be

484
00:24:59,080 --> 00:25:01,919
Speaker 5: the best students they can be. Now, all of that said,

485
00:25:02,440 --> 00:25:05,840
Speaker 5: I am thrilled that Cal and Stanford are sticking together.

486
00:25:06,280 --> 00:25:09,679
Speaker 5: Stanford had more options than did Cal given the debt

487
00:25:09,720 --> 00:25:13,560
Speaker 5: Cow has associated with its stadium, So that Stanford stood

488
00:25:13,560 --> 00:25:16,360
Speaker 5: with Cal is very meaningful to this Cal Brad.

489
00:25:16,520 --> 00:25:18,080
Speaker 3: You know, Amy, I mean, I just have to say,

490
00:25:18,119 --> 00:25:20,160
Speaker 3: you know, we talk about student athletes all the time,

491
00:25:20,200 --> 00:25:22,120
Speaker 3: and I think back to when you and I last

492
00:25:22,119 --> 00:25:25,000
Speaker 3: spoke about a year ago, when and I always really

493
00:25:25,040 --> 00:25:27,800
Speaker 3: just getting going and the impact in just the year

494
00:25:27,800 --> 00:25:29,720
Speaker 3: that it's had on you know, not just you know,

495
00:25:29,800 --> 00:25:33,359
Speaker 3: college football, but college sports written large. You know, within

496
00:25:33,400 --> 00:25:37,960
Speaker 3: the context of Las Vegas, your former Raiders team hosting

497
00:25:38,000 --> 00:25:41,040
Speaker 3: the Super Bowl, this is the gambling mecha of the world.

498
00:25:41,440 --> 00:25:45,320
Speaker 3: Gambling is legal. Now you have Calvin Ridley, who sat

499
00:25:45,320 --> 00:25:48,440
Speaker 3: out the twenty twenty two season for betting on NFL games, returning.

500
00:25:48,480 --> 00:25:51,359
Speaker 3: You have another receiver, Jamis and Williams suspended for a

501
00:25:51,440 --> 00:25:54,199
Speaker 3: number of games. Like, what is going on there? What

502
00:25:54,240 --> 00:25:57,040
Speaker 3: are your thoughts about sports gambling and the impact that's

503
00:25:57,040 --> 00:25:59,200
Speaker 3: having on today's student athletes in the game itself.

504
00:25:59,320 --> 00:26:02,000
Speaker 5: Well, you're touching on a topic that's very near and

505
00:26:02,040 --> 00:26:05,840
Speaker 5: dear to me. This has changed dramatically over the years,

506
00:26:06,040 --> 00:26:08,840
Speaker 5: as I often share. When I was in the league,

507
00:26:08,920 --> 00:26:11,520
Speaker 5: we were the first team to put on our website

508
00:26:11,640 --> 00:26:16,080
Speaker 5: anything related to fantasy football. Now, it wasn't a gambling portal,

509
00:26:16,160 --> 00:26:18,840
Speaker 5: there was no link to gambling, it didn't allow gambling,

510
00:26:19,080 --> 00:26:22,720
Speaker 5: but it provided information about fantasy football. We posted that

511
00:26:22,800 --> 00:26:24,800
Speaker 5: on raiders dot com. As I mentioned, we were the

512
00:26:24,800 --> 00:26:28,840
Speaker 5: first team to post anything like this, and within minutes,

513
00:26:29,040 --> 00:26:31,960
Speaker 5: just a couple couple minutes of posting that on raiders

514
00:26:31,960 --> 00:26:34,960
Speaker 5: dot com, my private line rang I picked it up

515
00:26:35,000 --> 00:26:39,159
Speaker 5: and it was an executive from the league office who said, ForWords, Amy,

516
00:26:39,520 --> 00:26:42,639
Speaker 5: take it down and look where we are now. I

517
00:26:42,760 --> 00:26:46,920
Speaker 5: was told, take down non gambling information about fantasy football,

518
00:26:46,960 --> 00:26:50,640
Speaker 5: and now gambling is just it's all the heck over

519
00:26:50,680 --> 00:26:55,040
Speaker 5: the place. The one that bothered me the most this

520
00:26:55,160 --> 00:27:00,600
Speaker 5: offseason was the discussion of players gambling on non football

521
00:27:01,160 --> 00:27:05,280
Speaker 5: but from a team facility. And what makes no sense

522
00:27:05,440 --> 00:27:07,600
Speaker 5: about that to me is if you are a player

523
00:27:07,920 --> 00:27:11,400
Speaker 5: and you are allowed to use your phone to gamble

524
00:27:11,480 --> 00:27:14,280
Speaker 5: on a non football sport as long as you're parked

525
00:27:14,280 --> 00:27:17,440
Speaker 5: across the street from the facility. Why in the heck

526
00:27:17,480 --> 00:27:20,320
Speaker 5: are you being punished if you do the same exact

527
00:27:20,359 --> 00:27:23,280
Speaker 5: thing from the parking lot of the facility or the

528
00:27:23,440 --> 00:27:27,320
Speaker 5: lobby of the facility. I do understand the needs for

529
00:27:27,520 --> 00:27:32,760
Speaker 5: gambling integrity rules rules relating to gambling integrity, but some

530
00:27:32,800 --> 00:27:35,600
Speaker 5: of these are just silly. If you're a player who

531
00:27:35,600 --> 00:27:38,479
Speaker 5: can use your phone to place a bet on a

532
00:27:38,520 --> 00:27:42,280
Speaker 5: non football sport from across the street, why the heck

533
00:27:42,280 --> 00:27:43,960
Speaker 5: are you going to get punished from doing it from

534
00:27:43,960 --> 00:27:44,640
Speaker 5: your parking lot.

535
00:27:44,960 --> 00:27:47,040
Speaker 1: So you have issues with what we're dealing with the

536
00:27:47,080 --> 00:27:51,720
Speaker 1: potential issues of players gambling on sports. What about the

537
00:27:51,760 --> 00:27:55,560
Speaker 1: front office people rules who work for the organization. I

538
00:27:55,600 --> 00:27:57,359
Speaker 1: know there are the rules set up, but I mean,

539
00:27:58,080 --> 00:28:00,160
Speaker 1: if you're in Vegas, you work in Vegas. This that's

540
00:28:00,160 --> 00:28:03,080
Speaker 1: a professional sports off. You can't walk anywhere without those

541
00:28:03,119 --> 00:28:04,280
Speaker 1: odds in your face.

542
00:28:04,680 --> 00:28:07,320
Speaker 5: Every single person on a team staff, and I shouldn't

543
00:28:07,359 --> 00:28:10,160
Speaker 5: say this for every organization. I can just share from

544
00:28:10,240 --> 00:28:15,040
Speaker 5: my experience in a team building for almost thirty years,

545
00:28:15,440 --> 00:28:18,760
Speaker 5: pretty much everybody knew everything about who was injured, who

546
00:28:18,840 --> 00:28:22,600
Speaker 5: might play, who was doubtful, even before injury reports were

547
00:28:22,640 --> 00:28:25,120
Speaker 5: made public. At the time of week that they are

548
00:28:25,160 --> 00:28:28,720
Speaker 5: made public. People know what's going on. My point being,

549
00:28:29,000 --> 00:28:31,640
Speaker 5: when you are on a team staff, whether your role

550
00:28:31,760 --> 00:28:36,159
Speaker 5: is general manager or receptionist or customer service agent, no

551
00:28:36,240 --> 00:28:39,600
Speaker 5: matter your role, you know the buzz within the building.

552
00:28:39,640 --> 00:28:42,240
Speaker 5: You do have access to that information. So the rules

553
00:28:42,560 --> 00:28:46,400
Speaker 5: absolutely must be the same, irrespective of whether you're a

554
00:28:46,440 --> 00:28:48,920
Speaker 5: player or a coach or on the front office staff.

555
00:28:49,200 --> 00:28:51,920
Speaker 1: Are you surprised there's no we were not getting headlines

556
00:28:51,960 --> 00:28:55,840
Speaker 1: about any staffers with gambling violations.

557
00:28:56,160 --> 00:28:58,440
Speaker 5: I'm not surprised that there's no headlines if and to

558
00:28:58,480 --> 00:29:00,840
Speaker 5: the extent there have been violation, And you know, I

559
00:29:00,840 --> 00:29:05,800
Speaker 5: think people are less interested in headlines about someone who's

560
00:29:05,800 --> 00:29:08,960
Speaker 5: not a player players. Those are sexier headlines. You know,

561
00:29:09,000 --> 00:29:12,240
Speaker 5: you referenced Vegas, and you know there's a saying in

562
00:29:12,280 --> 00:29:15,960
Speaker 5: the law not only may you not do something improper,

563
00:29:16,160 --> 00:29:20,840
Speaker 5: you must avoid even the appearance of an impropriety. And

564
00:29:20,880 --> 00:29:24,000
Speaker 5: one thing that has struck me about Vegas is you

565
00:29:24,040 --> 00:29:28,120
Speaker 5: could be a player who has done absolutely nothing wrong.

566
00:29:28,200 --> 00:29:31,480
Speaker 5: You have gone by the rules in every imaginable way.

567
00:29:31,880 --> 00:29:33,960
Speaker 5: But now it's the Friday night before a home game,

568
00:29:34,040 --> 00:29:37,120
Speaker 5: and Fridays the players have an earlier out time from

569
00:29:37,120 --> 00:29:41,080
Speaker 5: the facility. So here you are a player for the

570
00:29:41,160 --> 00:29:44,040
Speaker 5: Vegas Raiders, and it's Friday night, and you decide to

571
00:29:44,040 --> 00:29:46,800
Speaker 5: take your significant other or someone special to you out

572
00:29:46,840 --> 00:29:49,520
Speaker 5: to dinner, and you pick a really nice restaurant that

573
00:29:49,600 --> 00:29:51,920
Speaker 5: happens to be in the lobby of a casino, because

574
00:29:51,960 --> 00:29:54,920
Speaker 5: that's where a lot of nice restaurants are in Las Vegas.

575
00:29:55,360 --> 00:29:57,720
Speaker 5: And as you're walking to dinner, a fan stops you

576
00:29:57,800 --> 00:30:00,000
Speaker 5: and says, hey, can I take a picture with you?

577
00:30:00,480 --> 00:30:02,920
Speaker 5: And the player does exactly what the team in the

578
00:30:02,960 --> 00:30:05,600
Speaker 5: league want that player to do. Sure, I'll take a

579
00:30:05,640 --> 00:30:08,600
Speaker 5: picture with you, and he poses with the person, and

580
00:30:08,640 --> 00:30:12,360
Speaker 5: it just so happens that in the background, it says

581
00:30:12,400 --> 00:30:16,080
Speaker 5: sports book. Now this player has done absolutely nothing wrong,

582
00:30:16,440 --> 00:30:20,280
Speaker 5: done absolutely everything right. But now it comes Sunday, come

583
00:30:20,320 --> 00:30:24,560
Speaker 5: game day, missus a block, missus a tackle, drops a pass.

584
00:30:24,920 --> 00:30:27,360
Speaker 5: People are going to point to that picture and assume

585
00:30:27,800 --> 00:30:30,760
Speaker 5: that there may have been an impropriety even when there wasn't.

586
00:30:31,160 --> 00:30:33,160
Speaker 5: So I think that not only does the team in

587
00:30:33,240 --> 00:30:37,600
Speaker 5: Vegas have to worry about improprieties, but the appearance of improprieties.

588
00:30:37,680 --> 00:30:39,640
Speaker 3: All Right, Amy, I have to ask you the most

589
00:30:39,640 --> 00:30:41,640
Speaker 3: important the elephant in the room. The most important question

590
00:30:41,680 --> 00:30:43,640
Speaker 3: from where I sit. I mean, we've got a lot

591
00:30:43,640 --> 00:30:45,320
Speaker 3: of storylines. We hit on a few of them. We

592
00:30:45,360 --> 00:30:47,600
Speaker 3: have Sean Payton now in Denver. We have the Charges

593
00:30:47,640 --> 00:30:50,360
Speaker 3: hopefully healthy for the first time in a while. Casey

594
00:30:50,480 --> 00:30:53,680
Speaker 3: as well, Case you've got since you've got Buffalo, you've

595
00:30:53,680 --> 00:30:57,400
Speaker 3: got Philly. Who's going to win the Super Bowl championship

596
00:30:57,440 --> 00:30:59,960
Speaker 3: in February of twenty twenty four your opinion?

597
00:31:00,320 --> 00:31:03,920
Speaker 5: He raised great points as to every team you just referenced,

598
00:31:03,960 --> 00:31:06,080
Speaker 5: and I will note as to your point with respect

599
00:31:06,160 --> 00:31:09,320
Speaker 5: to the Chargers specifically. Yeah, they have got to find

600
00:31:09,320 --> 00:31:13,000
Speaker 5: a way to stay healthy. They have had more significant

601
00:31:13,040 --> 00:31:17,120
Speaker 5: injuries over the last three years. If you accumulate, you know,

602
00:31:17,240 --> 00:31:20,160
Speaker 5: you add all those injuries twenty twenty, twenty twenty one,

603
00:31:20,320 --> 00:31:24,360
Speaker 5: twenty twenty two together, it's staggering. So whether they need

604
00:31:24,400 --> 00:31:27,920
Speaker 5: to go find crystals or chakra or something, they got

605
00:31:27,920 --> 00:31:31,080
Speaker 5: to find a way to manage those injuries and teasing

606
00:31:31,080 --> 00:31:34,480
Speaker 5: about crystals aside. They did make a change at head trainers,

607
00:31:34,480 --> 00:31:39,040
Speaker 5: so we'll see how that goes. I have a bold

608
00:31:39,120 --> 00:31:42,840
Speaker 5: prediction as to a Super Bowl winner. It's an interesting prediction.

609
00:31:43,200 --> 00:31:44,880
Speaker 5: I'm sure I will take a lot of flak for

610
00:31:44,960 --> 00:31:47,880
Speaker 5: this prediction. I think the Dallas Cowboys win the Super Bowl.

611
00:31:47,960 --> 00:31:51,120
Speaker 1: Oh America's team, Well, I don't know about that, but yeah,

612
00:31:51,280 --> 00:31:53,239
Speaker 1: and I'm teasing because I do know that that's what

613
00:31:53,280 --> 00:31:53,800
Speaker 1: they're called.

614
00:31:53,840 --> 00:31:55,680
Speaker 5: It's just not what I call them.

615
00:31:56,320 --> 00:31:58,000
Speaker 3: You know, I have to I have to say any

616
00:31:58,080 --> 00:31:59,400
Speaker 3: that is a bit of a bold call. But I

617
00:31:59,480 --> 00:32:01,120
Speaker 3: like what you're where you're going there. I mean Tony

618
00:32:01,160 --> 00:32:03,920
Speaker 3: Pollard now has commanded that backfield their receiving corps. I

619
00:32:03,920 --> 00:32:06,760
Speaker 3: mean CD Lamb, I mean Dak Prescott's now a few

620
00:32:06,840 --> 00:32:09,920
Speaker 3: years after that major injury. So and the defense is

621
00:32:09,920 --> 00:32:13,240
Speaker 3: the defense, So you know, we'll see. But god, you know,

622
00:32:13,400 --> 00:32:17,680
Speaker 3: Jerry Jones, Dallas, you know it's one of those places

623
00:32:17,720 --> 00:32:21,200
Speaker 3: where you know, if you're not performing early, things can

624
00:32:21,240 --> 00:32:22,120
Speaker 3: go south and hurry.

625
00:32:22,160 --> 00:32:23,440
Speaker 2: So I hope you're right.

626
00:32:23,520 --> 00:32:24,440
Speaker 3: I'd love to see that happen.

627
00:32:24,640 --> 00:32:27,080
Speaker 5: Well, and I think that you know you mentioned the defense.

628
00:32:27,240 --> 00:32:31,160
Speaker 5: I think MICHAEH. Parsons, assuming he stays healthy, and I

629
00:32:31,200 --> 00:32:33,800
Speaker 5: sure hope he does, he could have a tremendous year.

630
00:32:34,080 --> 00:32:35,720
Speaker 1: Amy, it was so good speaking with you. Thank you

631
00:32:35,760 --> 00:32:36,440
Speaker 1: for joining us.

632
00:32:36,760 --> 00:32:40,040
Speaker 5: It is absolutely my honor and pleasure to join you

633
00:32:40,160 --> 00:32:41,840
Speaker 5: it is. It's a thrill for me to do so.

634
00:32:41,880 --> 00:32:42,880
Speaker 5: Thank you for having me.

635
00:32:43,160 --> 00:32:46,280
Speaker 1: Amy Trask, former CEO of the Elkland Raiders, currently an

636
00:32:46,280 --> 00:32:49,080
Speaker 1: analyst for CBS Sports and author of the book You

637
00:32:49,200 --> 00:32:50,320
Speaker 1: Negotiate Like a Girl.

638
00:32:50,480 --> 00:32:53,360
Speaker 3: Coming up, we wrap up the show with former NFL

639
00:32:53,360 --> 00:32:57,720
Speaker 3: offensive lineman and current director at Verdant's Pro Wealth Advisors,

640
00:32:57,760 --> 00:33:00,480
Speaker 3: my good friend Nola Montagne, as we talk about the

641
00:33:00,600 --> 00:33:03,840
Speaker 3: importance of teaching pro athletes money management tips.

642
00:33:04,280 --> 00:33:06,760
Speaker 1: That's up next. You are listening to the Bloomberg Business

643
00:33:06,840 --> 00:33:09,120
Speaker 1: of Sports from Bloomberg Radio around the world.

644
00:33:15,120 --> 00:33:18,040
Speaker 3: Welcome. This is the Bloomberg Business of Sports show, where

645
00:33:18,080 --> 00:33:20,600
Speaker 3: we explore the big money issues in the world of sports.

646
00:33:20,600 --> 00:33:24,000
Speaker 3: I'm Damian sas Hour. We are welcoming back an old

647
00:33:24,040 --> 00:33:27,560
Speaker 3: friend of the show, mister Noel la Montagne. Noel is

648
00:33:27,560 --> 00:33:31,080
Speaker 3: a director at Vernon's Capital Advisors, focusing on their sports

649
00:33:31,120 --> 00:33:35,160
Speaker 3: and entertainment business, Vernonz Pro. He's going to be joining

650
00:33:35,200 --> 00:33:36,520
Speaker 3: us to take us through some of the big money

651
00:33:36,560 --> 00:33:39,480
Speaker 3: headlines as we head into the NFL twenty twenty three

652
00:33:39,480 --> 00:33:42,960
Speaker 3: football season, as well as some college football and more so, Noel,

653
00:33:43,360 --> 00:33:45,320
Speaker 3: welcome back to the Bloomberg Business of Sports.

654
00:33:45,600 --> 00:33:47,840
Speaker 2: Amy and I appreciate it, and yeah, we get the

655
00:33:47,880 --> 00:33:49,400
Speaker 2: one on one conversation today.

656
00:33:49,640 --> 00:33:53,080
Speaker 3: Look, it's amazing. We've got fifty three man roster cuts

657
00:33:53,080 --> 00:33:55,480
Speaker 3: in the NFL, you know, and we've had some big

658
00:33:55,520 --> 00:33:58,480
Speaker 3: moves ahead of that. Obviously. We know about Josh Jacobs

659
00:33:58,560 --> 00:34:02,080
Speaker 3: finally signing in Las Vegas, that big trade with Trey

660
00:34:02,160 --> 00:34:05,360
Speaker 3: Lance to Dallas. I mean, let's start with the Jacobs signing.

661
00:34:05,440 --> 00:34:08,080
Speaker 3: I mean, what does that mean for Jonathan Taylor, who

662
00:34:08,080 --> 00:34:09,680
Speaker 3: I guess has to be the next suite job.

663
00:34:10,040 --> 00:34:12,719
Speaker 2: Yeah, you know, it's it's interesting because I believe that

664
00:34:13,960 --> 00:34:17,479
Speaker 2: Christian McCaffrey still is the is the high water mark

665
00:34:17,600 --> 00:34:20,640
Speaker 2: in the running back market, and I think on paper

666
00:34:20,760 --> 00:34:23,520
Speaker 2: his contract is worth somewhere around sixteen million a year.

667
00:34:23,760 --> 00:34:26,520
Speaker 2: The forty nine ers from what I understand, because it

668
00:34:26,560 --> 00:34:29,080
Speaker 2: was a traded contract, actually value it at less than that,

669
00:34:29,200 --> 00:34:32,520
Speaker 2: around twelve and change, only twelve and change. You know,

670
00:34:32,600 --> 00:34:36,120
Speaker 2: So Jacobs got a little bit closer to that number

671
00:34:36,160 --> 00:34:38,920
Speaker 2: than Sekwon did in New York when he kind of

672
00:34:38,960 --> 00:34:43,840
Speaker 2: signed that modified one year franchise tag contract. You know,

673
00:34:43,960 --> 00:34:46,319
Speaker 2: Jonathan Taylor is in a tough spot. He's obviously one

674
00:34:46,360 --> 00:34:48,399
Speaker 2: of the best at the position in the league, if

675
00:34:48,440 --> 00:34:51,080
Speaker 2: not the best. But he still has that one year

676
00:34:51,120 --> 00:34:55,000
Speaker 2: remaining on his contract with Indianapolis, and you know, not

677
00:34:55,120 --> 00:34:57,759
Speaker 2: only does he have to have a trade partner that's

678
00:34:57,800 --> 00:35:01,000
Speaker 2: going to offer the team what they want in order

679
00:35:01,040 --> 00:35:03,960
Speaker 2: to give him up, but he's got to get somebody

680
00:35:03,960 --> 00:35:05,560
Speaker 2: that's actually going to be willing to pay him what

681
00:35:05,640 --> 00:35:09,120
Speaker 2: he thinks he's worth from a market deal standpoint. So

682
00:35:09,760 --> 00:35:13,080
Speaker 2: it's a really really tough needle to thread, quite frankly.

683
00:35:13,200 --> 00:35:15,279
Speaker 2: And you know, if he was a quarterback or maybe

684
00:35:15,280 --> 00:35:18,359
Speaker 2: an elite wide receiver or something along those lines, could

685
00:35:18,360 --> 00:35:20,560
Speaker 2: be a little bit easier. But you know, that running

686
00:35:20,640 --> 00:35:24,440
Speaker 2: back position has just become a really difficult one to

687
00:35:25,200 --> 00:35:27,200
Speaker 2: you know, to raise your kids to play at this point,

688
00:35:27,239 --> 00:35:28,960
Speaker 2: because it just does not seem like they get the

689
00:35:29,000 --> 00:35:30,560
Speaker 2: respect that they deserve. Yeah.

690
00:35:30,640 --> 00:35:32,320
Speaker 3: No, I mean, you're absolutely right. I mean, even the

691
00:35:32,360 --> 00:35:34,279
Speaker 3: Dvin Cook. But I mean you make a good point here,

692
00:35:34,360 --> 00:35:36,799
Speaker 3: this Jacobs signing. What does that mean for you know,

693
00:35:36,840 --> 00:35:40,880
Speaker 3: going forward for running backs in their negotiations Because Saquon

694
00:35:41,080 --> 00:35:44,000
Speaker 3: signed ahead of camp or just at the beginning of it,

695
00:35:44,040 --> 00:35:47,120
Speaker 3: and Jacob's held out and he got paid more, So,

696
00:35:47,160 --> 00:35:49,000
Speaker 3: what does that mean for running backs going forward, right,

697
00:35:49,000 --> 00:35:51,040
Speaker 3: I mean, talk to me a little bit about Tree Lance.

698
00:35:51,080 --> 00:35:52,920
Speaker 3: I mean, this is an interesting one. Tree Lance was

699
00:35:52,960 --> 00:35:55,640
Speaker 3: the third pick overall just a few years back to

700
00:35:55,680 --> 00:35:58,400
Speaker 3: San Francisco, and I think they traded him to Dallas

701
00:35:58,440 --> 00:36:01,880
Speaker 3: for a fourth round hit. I mean, what must what

702
00:36:02,000 --> 00:36:02,920
Speaker 3: must Zach think here?

703
00:36:03,920 --> 00:36:07,719
Speaker 2: Listen? I think that that's probably been VA's probably been

704
00:36:07,719 --> 00:36:10,400
Speaker 2: in the situation where he understands the business and you

705
00:36:10,440 --> 00:36:13,520
Speaker 2: got to you got to continue to produce, especially down

706
00:36:13,520 --> 00:36:15,120
Speaker 2: in Dallas. You got to win. You got to win

707
00:36:15,160 --> 00:36:17,600
Speaker 2: big games and those are in the playoffs and that's

708
00:36:17,640 --> 00:36:20,320
Speaker 2: what that's what Dallas prides itself on. So he's getting

709
00:36:20,320 --> 00:36:22,080
Speaker 2: a little bit of back pressure. You know, he probably

710
00:36:22,160 --> 00:36:24,279
Speaker 2: wants a contract extension or a new deal down there

711
00:36:24,320 --> 00:36:26,160
Speaker 2: in Dallas, and Dallas is saying, hey, we're going to

712
00:36:26,160 --> 00:36:27,920
Speaker 2: bring in somebody that can push you a little bit.

713
00:36:28,200 --> 00:36:31,360
Speaker 2: For Trey Lance, He's going into a totally different building,

714
00:36:31,440 --> 00:36:33,520
Speaker 2: totally different situation. He's got to figure out if he

715
00:36:33,600 --> 00:36:35,920
Speaker 2: can win that number two spot down in Dallas to

716
00:36:36,000 --> 00:36:38,200
Speaker 2: even be the guy that's pushing DAK you know, and

717
00:36:38,239 --> 00:36:40,759
Speaker 2: then obviously up in San Francisco. I mean that's a

718
00:36:40,920 --> 00:36:43,560
Speaker 2: that's a crazy situation because you you put all of

719
00:36:43,600 --> 00:36:46,239
Speaker 2: that draft capital into getting Trey Lance. Just a few

720
00:36:46,320 --> 00:36:50,319
Speaker 2: years ago. The narrative of first round quarterbacks panning out

721
00:36:50,360 --> 00:36:53,680
Speaker 2: not panning out, I think that's a relatively tired narrative.

722
00:36:53,719 --> 00:36:57,000
Speaker 2: So it's not necessarily the biggest surprise that that a

723
00:36:57,040 --> 00:36:59,359
Speaker 2: guy who was drafted really high didn't end up working

724
00:36:59,400 --> 00:37:02,000
Speaker 2: out the way every what he thought. But the amount

725
00:37:02,000 --> 00:37:04,040
Speaker 2: that the forty nine ers put in to get him

726
00:37:04,520 --> 00:37:07,279
Speaker 2: is obviously staggering. They get back, I think a fourth

727
00:37:07,360 --> 00:37:10,280
Speaker 2: round pick from Dallas, which, hey, at least they got something.

728
00:37:10,400 --> 00:37:12,640
Speaker 2: But on the flip side, if they've got their franchise

729
00:37:12,719 --> 00:37:15,960
Speaker 2: quarterback in Rock Purdy and they get him at the

730
00:37:16,080 --> 00:37:18,160
Speaker 2: very end of the draft, I mean, I don't know.

731
00:37:18,239 --> 00:37:22,280
Speaker 2: Can you necessarily say that San Francisco loses out because

732
00:37:22,760 --> 00:37:25,320
Speaker 2: now you've got a guy who could potentially put you

733
00:37:25,320 --> 00:37:27,759
Speaker 2: into the playoffs, puts you into a super Bowl, and

734
00:37:28,480 --> 00:37:30,160
Speaker 2: you know you got them for virtually nothing.

735
00:37:30,280 --> 00:37:31,960
Speaker 3: Well no, I mean the question for me really is

736
00:37:32,000 --> 00:37:33,480
Speaker 3: if you just look at and I hate to do this,

737
00:37:33,560 --> 00:37:35,640
Speaker 3: you know, you look at at you look at you

738
00:37:35,680 --> 00:37:37,400
Speaker 3: look at quarterbacks like assets, right, and you look at

739
00:37:37,440 --> 00:37:40,480
Speaker 3: your return on investment right, And from what I can see,

740
00:37:40,560 --> 00:37:43,800
Speaker 3: very very clearly, it's these rushing quarterbacks like Lamar Jackson,

741
00:37:44,239 --> 00:37:47,279
Speaker 3: Anthony Richardson. Now, you know fields who have a I

742
00:37:47,280 --> 00:37:49,080
Speaker 3: don't want to say higher return on investment, but a

743
00:37:49,160 --> 00:37:53,040
Speaker 3: quicker return on investment relative to you know, the Jordan Loves.

744
00:37:53,040 --> 00:37:55,120
Speaker 3: There's some people who don't have the mobility, although Jordan

745
00:37:55,160 --> 00:37:56,640
Speaker 3: Love does. That's a bad example. But you know what

746
00:37:56,640 --> 00:37:59,239
Speaker 3: I'm saying, right, I mean, like the Zach Wilson's of

747
00:37:59,239 --> 00:38:01,080
Speaker 3: the world, they guess, you know. So it's kind of

748
00:38:01,120 --> 00:38:04,080
Speaker 3: interesting what you're talking about here, and I wonder how

749
00:38:04,120 --> 00:38:07,440
Speaker 3: that changes things going forward. But you know, just you know,

750
00:38:07,560 --> 00:38:09,120
Speaker 3: shifting gears on you a bit here. I know you

751
00:38:09,120 --> 00:38:12,359
Speaker 3: were just down in South Florida. You know, you got

752
00:38:12,360 --> 00:38:14,600
Speaker 3: a big whiff of what's going on at inter Miami,

753
00:38:14,880 --> 00:38:18,400
Speaker 3: you know, with Leo Messi and you know, now, I

754
00:38:18,440 --> 00:38:21,279
Speaker 3: don't know, you know, if this is even you know,

755
00:38:21,320 --> 00:38:24,759
Speaker 3: going to happen or is happening. But most solid to

756
00:38:24,840 --> 00:38:28,640
Speaker 3: the Middle East, for I mean, what amounts to two

757
00:38:28,719 --> 00:38:32,200
Speaker 3: hundred and twenty million a year on top of potentially

758
00:38:32,480 --> 00:38:35,239
Speaker 3: a one hundred and sixty million dollar transfer. I mean,

759
00:38:35,320 --> 00:38:38,280
Speaker 3: the numbers are just staggering. I mean, what is going

760
00:38:38,320 --> 00:38:40,279
Speaker 3: on and I mean this billion dollar deal with Messi

761
00:38:40,400 --> 00:38:42,200
Speaker 3: or whatever it is, I mean, what is going on

762
00:38:42,280 --> 00:38:43,640
Speaker 3: with soccer worldwide.

763
00:38:43,719 --> 00:38:46,120
Speaker 2: I grew up in eastern Pennsylvania, which is which is

764
00:38:46,239 --> 00:38:48,840
Speaker 2: very much football country. You know, got the opportunity to

765
00:38:48,840 --> 00:38:50,640
Speaker 2: play football at the college level and then at the

766
00:38:50,640 --> 00:38:53,799
Speaker 2: pro level. At the pro level in Cleveland, which is

767
00:38:53,800 --> 00:38:56,440
Speaker 2: for sure football country. Even though it might not always

768
00:38:56,480 --> 00:38:59,680
Speaker 2: be the greatest product on the field, those fans are unbelievable.

769
00:39:00,160 --> 00:39:03,760
Speaker 2: World stops. When that guy goes out on the pitch

770
00:39:04,200 --> 00:39:06,640
Speaker 2: down in South Florida, the world stops. I mean every

771
00:39:06,680 --> 00:39:10,640
Speaker 2: single person in the hotels and the restaurants, they're glued

772
00:39:10,680 --> 00:39:13,000
Speaker 2: to the screen. So when you just look at the

773
00:39:13,040 --> 00:39:16,960
Speaker 2: dollars and cents of it, obviously every single one of

774
00:39:17,000 --> 00:39:20,560
Speaker 2: those viewers is exactly that. I mean, those are transactions,

775
00:39:20,600 --> 00:39:24,399
Speaker 2: every single set of eyes. Those are transactions. They're selling memorabilia,

776
00:39:24,440 --> 00:39:26,399
Speaker 2: they're selling tickets for way more than what they were

777
00:39:26,400 --> 00:39:29,239
Speaker 2: worth before. I mean, I think if you've got the

778
00:39:29,239 --> 00:39:32,120
Speaker 2: pool of money to be able to bring in these superstars,

779
00:39:32,160 --> 00:39:35,959
Speaker 2: that transcends the borders. You know, this is a guy

780
00:39:35,960 --> 00:39:39,080
Speaker 2: who has essentially never set foot over here, and he

781
00:39:39,200 --> 00:39:42,239
Speaker 2: comes in here and he changes the MLF landscape overnight.

782
00:39:43,120 --> 00:39:45,040
Speaker 2: They're going to see the same thing over there. And

783
00:39:45,400 --> 00:39:47,200
Speaker 2: you make these investments if they're going to bring in

784
00:39:47,200 --> 00:39:48,720
Speaker 2: the money and they're going to bring in the fans

785
00:39:48,719 --> 00:39:52,040
Speaker 2: and sell the merchandise and get people watching things on TV.

786
00:39:53,520 --> 00:39:55,719
Speaker 2: You know, I think for these ownership groups, it's a

787
00:39:55,719 --> 00:39:58,440
Speaker 2: no brainer. It's the same thing that we see stateside

788
00:39:58,440 --> 00:40:00,520
Speaker 2: in the NFL. I mean, whatever you can do to

789
00:40:00,520 --> 00:40:04,000
Speaker 2: be associated with with those big ticket items from a

790
00:40:04,080 --> 00:40:06,680
Speaker 2: viewership and fan base scenario, they're going to do it.

791
00:40:06,760 --> 00:40:08,120
Speaker 3: Well, no, I have to ask you this, I mean,

792
00:40:08,120 --> 00:40:10,719
Speaker 3: because it's so fascinating al it'd yahad. You know, the

793
00:40:10,760 --> 00:40:13,200
Speaker 3: saudiast et cetera. They want to they want to draw

794
00:40:13,360 --> 00:40:16,560
Speaker 3: what is effectively the number one you know, Middle Eastern

795
00:40:16,680 --> 00:40:19,839
Speaker 3: you know, and you know Masola's Egyptian soccer player. You know,

796
00:40:19,960 --> 00:40:21,480
Speaker 3: you know they want to draw them in, right, and

797
00:40:21,520 --> 00:40:23,279
Speaker 3: they're willing to pay for it. And you know, let's

798
00:40:23,360 --> 00:40:25,360
Speaker 3: let's kind of compare what just happened here in the

799
00:40:25,480 --> 00:40:27,480
Speaker 3: US with the PGA, right, I mean, we just at

800
00:40:27,520 --> 00:40:30,400
Speaker 3: the FedEx Cup, you know, Victor Hoblin you know, outlast

801
00:40:30,400 --> 00:40:32,200
Speaker 3: died Shuffler and Macelroy to win that.

802
00:40:32,280 --> 00:40:33,560
Speaker 2: But I didn't.

803
00:40:33,360 --> 00:40:36,720
Speaker 3: Realize eighteen million dollars for winning the FedEx Cup, okay,

804
00:40:37,000 --> 00:40:39,919
Speaker 3: and then plus at three point six million dollar paid.

805
00:40:39,960 --> 00:40:43,200
Speaker 3: I'm talking Victor Hoblin year for winning last week. I mean,

806
00:40:43,320 --> 00:40:45,680
Speaker 3: Victor Hoblin just took in a quarter of a you know,

807
00:40:45,880 --> 00:40:48,600
Speaker 3: twenty five million dollars and you know, less than a month.

808
00:40:49,040 --> 00:40:51,120
Speaker 3: I guess that's just you know, is that not enough?

809
00:40:51,160 --> 00:40:52,680
Speaker 3: In today's day and age.

810
00:40:52,640 --> 00:40:55,080
Speaker 2: You start to wonder what's the breaking point? You know,

811
00:40:55,160 --> 00:40:58,160
Speaker 2: where where is the point where there's a diminishing return

812
00:40:58,200 --> 00:41:01,279
Speaker 2: on this? Because the numbers, the number is just going up.

813
00:41:01,400 --> 00:41:04,359
Speaker 2: So somebody in some accounting office somewhere is sitting there

814
00:41:04,480 --> 00:41:07,439
Speaker 2: telling some executives somewhere else that, yeah, this makes sense.

815
00:41:07,520 --> 00:41:11,280
Speaker 2: These numbers check out, and let's do this. These teams

816
00:41:11,280 --> 00:41:14,000
Speaker 2: are willing to cut their losses if they see good

817
00:41:14,080 --> 00:41:17,359
Speaker 2: money going after bad, but if they see the opportunity

818
00:41:17,400 --> 00:41:19,880
Speaker 2: to make money, they're going to they're going to obviously

819
00:41:19,960 --> 00:41:21,480
Speaker 2: jump all over that. And that's what I think you

820
00:41:21,520 --> 00:41:25,520
Speaker 2: see happening in Saudi Arabia. They're seeing opportunities to you know,

821
00:41:25,600 --> 00:41:29,200
Speaker 2: to create sponsorship dollar opportunities and bring in corporations, and

822
00:41:29,680 --> 00:41:32,280
Speaker 2: you know you're paying for these, you know, these luxury

823
00:41:32,280 --> 00:41:35,319
Speaker 2: experiences where any individual is willing to come in and

824
00:41:35,320 --> 00:41:38,000
Speaker 2: spend millions of dollars in order to entertain clients or

825
00:41:38,120 --> 00:41:39,239
Speaker 2: prospects or whatever the.

826
00:41:39,200 --> 00:41:39,799
Speaker 4: Case may be.

827
00:41:41,080 --> 00:41:44,240
Speaker 2: You know, it is just amazing to see the pool

828
00:41:44,800 --> 00:41:48,480
Speaker 2: of cash that is being distributed and the different ways

829
00:41:48,480 --> 00:41:50,800
Speaker 2: that it's going. And you have to assume that anybody

830
00:41:50,840 --> 00:41:53,200
Speaker 2: making this big investment, they've got to be seeing some

831
00:41:53,320 --> 00:41:55,880
Speaker 2: type of a tremendous upside in order to be committing

832
00:41:55,880 --> 00:41:56,760
Speaker 2: this type of capital.

833
00:41:57,000 --> 00:41:58,920
Speaker 3: No, and you see that each and every day, etvert ence.

834
00:41:58,920 --> 00:42:02,000
Speaker 3: I mean, you're managing well wealth for you know, pro athletes,

835
00:42:02,320 --> 00:42:05,359
Speaker 3: you're helping them with their advisory decisions and what have you.

836
00:42:05,360 --> 00:42:07,319
Speaker 3: You know, you know, before before I lose you here,

837
00:42:07,400 --> 00:42:08,960
Speaker 3: you know, I have to ask you know, this news

838
00:42:08,960 --> 00:42:12,640
Speaker 3: about Baker Mayfield into his handling of personal assets is

839
00:42:13,040 --> 00:42:15,040
Speaker 3: pretty scary. I wonder if you could just comment briefly,

840
00:42:15,040 --> 00:42:16,719
Speaker 3: tell our audience a little bit about it. I mean,

841
00:42:17,160 --> 00:42:18,680
Speaker 3: and what have you learned from that?

842
00:42:19,040 --> 00:42:22,000
Speaker 2: You know, it's still and obviously it's a private matter.

843
00:42:22,040 --> 00:42:24,719
Speaker 2: And now it's gone public because it's because the news

844
00:42:24,719 --> 00:42:26,880
Speaker 2: has gotten out there and he's discussed a little bit,

845
00:42:27,000 --> 00:42:29,359
Speaker 2: and he's put it out into the h I guess,

846
00:42:29,400 --> 00:42:31,520
Speaker 2: into the lexicon or whatever the right term would be.

847
00:42:31,960 --> 00:42:34,920
Speaker 2: I mean, listen. For our clientele, the biggest thing that

848
00:42:34,960 --> 00:42:38,960
Speaker 2: we that we focus on is transparency, and we do

849
00:42:39,040 --> 00:42:41,320
Speaker 2: a tremendous amount of due diligence. I mean, we're dealing

850
00:42:41,440 --> 00:42:44,000
Speaker 2: we're dealing with people's finances, we're dealing with their money,

851
00:42:45,080 --> 00:42:47,360
Speaker 2: and we're helping them figure out the best way to

852
00:42:47,400 --> 00:42:50,120
Speaker 2: grow and preserve their wealth. To be able to look

853
00:42:50,120 --> 00:42:52,840
Speaker 2: at these deals and think about what we were just talking about,

854
00:42:52,880 --> 00:42:58,480
Speaker 2: you're talking about digging into multi multi, multi million dollar opportunities.

855
00:42:58,840 --> 00:43:02,000
Speaker 2: You don't just blindly get involved in those types of things.

856
00:43:02,000 --> 00:43:04,240
Speaker 2: You know, they're not just blindly investing in the PGA.

857
00:43:04,320 --> 00:43:07,520
Speaker 2: They're not blindly investing, you know, in the soccer stars

858
00:43:07,520 --> 00:43:09,960
Speaker 2: and bringing them in and not having it make sense

859
00:43:10,000 --> 00:43:12,200
Speaker 2: on their end. It's got to be the same thing

860
00:43:12,400 --> 00:43:15,680
Speaker 2: on the client side. And as advisors, that's what our

861
00:43:15,760 --> 00:43:18,520
Speaker 2: role is. It's to help rip all of the you know,

862
00:43:18,600 --> 00:43:20,360
Speaker 2: all of the cover and all of the tent and

863
00:43:20,400 --> 00:43:23,120
Speaker 2: all of the you know the things that hide what

864
00:43:23,160 --> 00:43:26,399
Speaker 2: the facts may be with respects to any investment, help

865
00:43:26,520 --> 00:43:30,600
Speaker 2: them understand what's going on for Baker. What's scary is

866
00:43:30,600 --> 00:43:34,360
Speaker 2: is that my understanding is that they're they're inquiring into

867
00:43:34,560 --> 00:43:37,360
Speaker 2: how I think it was around twelve million dollars in assets,

868
00:43:37,400 --> 00:43:41,640
Speaker 2: what's handled which given Baker's situation, I mean that's it's

869
00:43:41,760 --> 00:43:44,759
Speaker 2: probably around twenty some odd million, twenty four twenty five

870
00:43:44,800 --> 00:43:48,040
Speaker 2: million in earnings that accounted for the twelve million dollars

871
00:43:48,080 --> 00:43:52,040
Speaker 2: in invested assets. To wonder how that was handled, was

872
00:43:52,040 --> 00:43:56,640
Speaker 2: it handled appropriately? Inappropriately and not know that when that

873
00:43:56,719 --> 00:43:59,560
Speaker 2: twelve million dollars gets deployed. Yeah, so you can look

874
00:43:59,600 --> 00:44:01,560
Speaker 2: at the you can look at the people that are

875
00:44:01,560 --> 00:44:05,120
Speaker 2: handling in the investments. But these clients also have to

876
00:44:05,200 --> 00:44:08,680
Speaker 2: demand the transparency they have to request. They have to

877
00:44:08,880 --> 00:44:11,479
Speaker 2: want to know what's going on and to educate them.

878
00:44:11,840 --> 00:44:14,759
Speaker 2: And again I full disclosure, I don't know the whole

879
00:44:14,800 --> 00:44:18,000
Speaker 2: situation here. You know, I haven't had this discussion with

880
00:44:18,040 --> 00:44:20,160
Speaker 2: Baker as people or anything, so I'm also on the

881
00:44:20,160 --> 00:44:22,879
Speaker 2: outside looking in. But it is alarming to me, whether

882
00:44:22,920 --> 00:44:25,160
Speaker 2: it be this or it be you know, a number

883
00:44:25,160 --> 00:44:28,239
Speaker 2: of years ago we hear about the jewelry investment that

884
00:44:28,440 --> 00:44:31,400
Speaker 2: Drew Brees made where you know, he ended up suing

885
00:44:31,400 --> 00:44:36,400
Speaker 2: his advisors for you know, some multimillion dollar jewelry investment,

886
00:44:36,440 --> 00:44:38,640
Speaker 2: and you hear about the Clinton Portis stories. I mean,

887
00:44:39,040 --> 00:44:41,719
Speaker 2: these things keep popping up, and the scary part is

888
00:44:41,800 --> 00:44:45,200
Speaker 2: Damien that they don't seem to be stopping, and the

889
00:44:45,239 --> 00:44:48,520
Speaker 2: same narrative continues to trickle through where oh I didn't

890
00:44:48,600 --> 00:44:51,879
Speaker 2: know or I wasn't aware. Well, you've got to You've

891
00:44:51,880 --> 00:44:55,320
Speaker 2: got to structure your advisory team and the people around

892
00:44:55,400 --> 00:44:57,440
Speaker 2: you in a way that you are the captain of

893
00:44:57,440 --> 00:44:59,560
Speaker 2: the ship. You need to you need to be aware,

894
00:44:59,600 --> 00:45:01,880
Speaker 2: you need to these things. You need to ask these quests,

895
00:45:01,920 --> 00:45:04,080
Speaker 2: not after the fact, going into it. You need to

896
00:45:04,080 --> 00:45:04,319
Speaker 2: do this.

897
00:45:04,640 --> 00:45:07,239
Speaker 3: Yeah, there's no excuse for plead to g ignorance. I

898
00:45:07,280 --> 00:45:10,279
Speaker 3: agree completely, Noel, not with not with that much money,

899
00:45:10,320 --> 00:45:13,840
Speaker 3: and not with that much money, and exactly exactly, Noel.

900
00:45:13,880 --> 00:45:17,640
Speaker 3: Thank you so much. Nola Montaigne, Director Verde's Capital Advisors,

901
00:45:17,640 --> 00:45:20,600
Speaker 3: thank you for joining us here on the Bloomberg Business

902
00:45:20,640 --> 00:45:21,200
Speaker 3: of Sports.

903
00:45:21,239 --> 00:45:23,799
Speaker 2: Appreciated fellows, great, great conversation.

904
00:45:23,960 --> 00:45:26,160
Speaker 1: This was a Bloomberg Business of Sports show. We'd like

905
00:45:26,200 --> 00:45:29,240
Speaker 1: to thank our guests this week. They include Penske Entertainment

906
00:45:29,239 --> 00:45:33,480
Speaker 1: President and CEO Mark Miles, former Oakland Raiders CEO Amy Trask,

907
00:45:33,680 --> 00:45:37,120
Speaker 1: and Verdant's Pro Wealth Advisor Director Noel la Montaigne. And

908
00:45:37,200 --> 00:45:39,400
Speaker 1: of course, thank you for listening to us this week.

909
00:45:39,760 --> 00:45:42,080
Speaker 1: I'm Scarlett Foo. You can follow me on x at

910
00:45:42,120 --> 00:45:42,920
Speaker 1: Scarlett Fou.

911
00:45:43,000 --> 00:45:45,600
Speaker 3: And I'm Damian Sasur. You can follow me on x

912
00:45:45,640 --> 00:45:46,759
Speaker 3: at d SaaS Hour.

913
00:45:47,080 --> 00:45:49,279
Speaker 1: Thanks for joining us. Tune in again next week for

914
00:45:49,320 --> 00:45:51,640
Speaker 1: the latest on the stories moving big money in the

915
00:45:51,640 --> 00:45:54,280
Speaker 1: world of sports. You are listening to the Bloomberg Business

916
00:45:54,320 --> 00:45:56,800
Speaker 1: of Sports Show from Bloomberg Radio around the world.