1 00:00:00,280 --> 00:00:03,360 Speaker 1: This is the business of sports. Let's talk Super Bowl 2 00:00:03,520 --> 00:00:06,600 Speaker 1: and Fox Sports every single thing that occurs. I want 3 00:00:06,600 --> 00:00:08,880 Speaker 1: people to remember, this is a business. Guaranteed money isn't 4 00:00:08,920 --> 00:00:15,280 Speaker 1: necessarily guaranteed. Michael, how high can these valuations got? Everybody 5 00:00:15,320 --> 00:00:18,239 Speaker 1: loves rooting against him? Right? Evan Williams Off the field, 6 00:00:18,239 --> 00:00:20,439 Speaker 1: the NBA has never been buzzier. And the leaders in 7 00:00:20,480 --> 00:00:23,759 Speaker 1: the sports industry Major League Baseball Commissioner Rob Manfreddy MIKEA. 8 00:00:23,840 --> 00:00:26,520 Speaker 1: Riscoe is the commissioner of the American Athletic Conference. Here 9 00:00:26,600 --> 00:00:29,319 Speaker 1: In Smith, president of Ticketmasters, and the race car driver 10 00:00:29,440 --> 00:00:34,160 Speaker 1: Elio Castro and Evans Bloomberg Business of Sports from Bloomberg Radio. Hello, 11 00:00:34,200 --> 00:00:37,080 Speaker 1: I'm Scott, I'm Evan, Novie Williams, and I'm Michael Barr. 12 00:00:37,080 --> 00:00:39,520 Speaker 1: And this is the Bloomberg Business of Sports podcast where 13 00:00:39,520 --> 00:00:41,720 Speaker 1: we explore the big money issues in the world of sports. 14 00:00:41,720 --> 00:00:45,159 Speaker 1: And today we begin with some history made in the 15 00:00:45,400 --> 00:00:47,879 Speaker 1: NHL over the weekend. So let me tell you what 16 00:00:47,960 --> 00:00:50,720 Speaker 1: happened the Carolina Hurricanes. They were in the middle of 17 00:00:50,760 --> 00:00:55,480 Speaker 1: a major NHL playoff run when disaster struck on the ice. 18 00:00:56,080 --> 00:01:01,080 Speaker 1: Tonto sounds like you're build yes, trying to sell it 19 00:01:01,160 --> 00:01:03,320 Speaker 1: trying to sell movie rights to this thing. All of 20 00:01:03,320 --> 00:01:06,200 Speaker 1: a sudden, the team had a fine how do you 21 00:01:06,280 --> 00:01:10,240 Speaker 1: do moment when two goalie injuries left them without a 22 00:01:10,360 --> 00:01:12,920 Speaker 1: net minder in the middle of the game. And that's 23 00:01:12,920 --> 00:01:16,919 Speaker 1: when an unlikely hero stepped into the lineup. Enter forty 24 00:01:16,920 --> 00:01:19,440 Speaker 1: two year old David Airs. Oh yeah, by the way, 25 00:01:19,520 --> 00:01:23,560 Speaker 1: he's the zamboni driver. He spoke to ABC's Good Morning America. 26 00:01:24,080 --> 00:01:27,000 Speaker 1: One goalie goes down and they call me to get down, 27 00:01:27,120 --> 00:01:29,480 Speaker 1: got my gear and get into the change room. And 28 00:01:29,840 --> 00:01:32,200 Speaker 1: other goalie goes down, and that guy comes into the 29 00:01:32,280 --> 00:01:34,480 Speaker 1: room and he says, put your put your gear on, 30 00:01:34,520 --> 00:01:36,440 Speaker 1: and put the rest of your gear on. Time to quote. 31 00:01:37,080 --> 00:01:39,320 Speaker 1: He led the team to a six three victory over 32 00:01:39,319 --> 00:01:42,920 Speaker 1: the Leafs and made history as the oldest goalie to 33 00:01:43,000 --> 00:01:46,520 Speaker 1: win in his NHL regular scene. Pub could have gotten 34 00:01:46,560 --> 00:01:48,560 Speaker 1: to that a lot faster. I had to set it 35 00:01:48,640 --> 00:01:53,840 Speaker 1: up two goalies got hurt. Yeah. Well, he's the zamboni 36 00:01:53,880 --> 00:01:56,480 Speaker 1: driver for the minor league. You're leaving out the best part. 37 00:01:56,840 --> 00:01:59,800 Speaker 1: He's playing against Toronto or as they say, they're to 38 00:02:00,080 --> 00:02:03,680 Speaker 1: know he is the zamboni driver for the minor league team. 39 00:02:03,720 --> 00:02:07,600 Speaker 1: The Marley's Right. So The way the NHL works is 40 00:02:07,640 --> 00:02:11,800 Speaker 1: the home team must provide an emergency goaltender should the 41 00:02:11,960 --> 00:02:14,960 Speaker 1: unlikely scenario happen where both goaltenders get hurt, and that's 42 00:02:15,000 --> 00:02:17,320 Speaker 1: where we are. But the guy gives up the backup. 43 00:02:17,360 --> 00:02:19,600 Speaker 1: He's the emergency backup for both teams. For both teams, Yeah, 44 00:02:19,600 --> 00:02:21,960 Speaker 1: for either you know. So the first shot goes in, 45 00:02:22,120 --> 00:02:25,280 Speaker 1: John Tavares beats him on the ice. Long story short, 46 00:02:25,280 --> 00:02:27,639 Speaker 1: the guy wins the game, made you know, made some saves. 47 00:02:27,800 --> 00:02:32,799 Speaker 1: Guy wins the game. Held on well, teams up six 48 00:02:32,880 --> 00:02:35,280 Speaker 1: one when he comes in. He gives up two goals 49 00:02:35,320 --> 00:02:37,079 Speaker 1: in the first three shot. The team was up three 50 00:02:37,200 --> 00:02:39,600 Speaker 1: or four to one when he came in. It was 51 00:02:39,680 --> 00:02:41,320 Speaker 1: three to two or four to three. It's a one 52 00:02:41,360 --> 00:02:43,280 Speaker 1: goal game going into the third period. That's not what 53 00:02:43,320 --> 00:02:45,320 Speaker 1: I read. Okay, you read the wrong thing. One goal 54 00:02:45,360 --> 00:02:48,240 Speaker 1: game going into the third period. So I mean there's 55 00:02:48,240 --> 00:02:49,919 Speaker 1: a real game, and you know, you can see every 56 00:02:49,919 --> 00:02:51,600 Speaker 1: time he's making these shots. He said. He calmed down 57 00:02:51,600 --> 00:02:54,240 Speaker 1: when one of the Hurricanes players after he gave up 58 00:02:54,240 --> 00:02:56,000 Speaker 1: given up I think the second goal. One of the 59 00:02:56,040 --> 00:02:59,680 Speaker 1: Hurricanes players came over to him and said, we don't 60 00:03:00,000 --> 00:03:02,240 Speaker 1: air if you give up ten just have fun like 61 00:03:02,320 --> 00:03:04,640 Speaker 1: they were not really expecting it. But the point is 62 00:03:04,680 --> 00:03:08,320 Speaker 1: now the Canes, this is true marketing in this day 63 00:03:08,320 --> 00:03:10,560 Speaker 1: and age. The Canes had the T shirt ready to 64 00:03:10,639 --> 00:03:14,520 Speaker 1: roll and like an hour after the game, and it 65 00:03:14,520 --> 00:03:16,520 Speaker 1: takes two to four weeks for delivery because demand is 66 00:03:16,560 --> 00:03:18,880 Speaker 1: so high. But even we want to examine the business 67 00:03:18,880 --> 00:03:21,800 Speaker 1: behind it because he didn't get paid like a tryout contract, 68 00:03:22,160 --> 00:03:24,120 Speaker 1: so he doesn't get paid for actually playing in the game. 69 00:03:24,440 --> 00:03:25,480 Speaker 1: And now they got to work out a deal with 70 00:03:25,520 --> 00:03:27,760 Speaker 1: him because he's not member the union to get paid 71 00:03:27,760 --> 00:03:30,000 Speaker 1: to use his likeness or name on the shirts. Yeah, 72 00:03:30,040 --> 00:03:32,200 Speaker 1: this is fantastic for him. And again, yeah, we don't 73 00:03:32,200 --> 00:03:34,520 Speaker 1: know exactly how those negotiations went down. I imagine this 74 00:03:34,520 --> 00:03:36,920 Speaker 1: guy is actually happy to get any money that they're 75 00:03:36,920 --> 00:03:38,680 Speaker 1: willing to give. I believe some of it's also going 76 00:03:38,720 --> 00:03:43,240 Speaker 1: to kidney kidney recipient recipient from his mother. I believe 77 00:03:43,600 --> 00:03:47,160 Speaker 1: kind of ended his his you know, professional hockey aspirations 78 00:03:47,200 --> 00:03:50,840 Speaker 1: before before this weekend. Um. But yeah, as you said, Scott, 79 00:03:50,920 --> 00:03:53,520 Speaker 1: you know this is the way that you know sports 80 00:03:53,560 --> 00:03:56,720 Speaker 1: licensing and marketing and apparel, the speed at which it works. 81 00:03:56,800 --> 00:03:59,600 Speaker 1: Right now, when there is something dramatic that happens on 82 00:03:59,640 --> 00:04:01,680 Speaker 1: the ice, on the on the field, you can have 83 00:04:01,760 --> 00:04:06,400 Speaker 1: a design and start taking orders, hours, minutes counts on 84 00:04:06,440 --> 00:04:09,160 Speaker 1: that they built their whole business exactly. Yeah, and everybody 85 00:04:09,240 --> 00:04:11,560 Speaker 1: is trying to catch up to their speed. Uh So, 86 00:04:11,760 --> 00:04:13,960 Speaker 1: you know, good on the Canes for for realizing there 87 00:04:14,000 --> 00:04:16,240 Speaker 1: was gonna be demand for this um. And again, you know, 88 00:04:16,279 --> 00:04:18,159 Speaker 1: we we also talked about kind of the fickle nature 89 00:04:18,160 --> 00:04:20,440 Speaker 1: of sports fans. If this thing went on sale in 90 00:04:20,480 --> 00:04:24,480 Speaker 1: a week, they're probably not selling my wife wanted. The 91 00:04:24,520 --> 00:04:28,720 Speaker 1: fact that they were available immediately means that there's more 92 00:04:28,760 --> 00:04:31,680 Speaker 1: people than it helps. Again, we're talking about a world 93 00:04:31,760 --> 00:04:34,240 Speaker 1: where the camera was in the locker room. They caught 94 00:04:34,320 --> 00:04:37,320 Speaker 1: Rod Brindamore speech to the team afterwards, and this guy's interviews. 95 00:04:37,360 --> 00:04:39,720 Speaker 1: It all was out there quickly that can I play 96 00:04:39,720 --> 00:04:42,320 Speaker 1: Bob Humbug for one second? And it's not really me, 97 00:04:42,560 --> 00:04:48,160 Speaker 1: but I'm gonna bring up did you see what Leafs 98 00:04:48,200 --> 00:04:52,960 Speaker 1: general manager Brian Burke said. He called the whole scenario 99 00:04:53,839 --> 00:04:57,719 Speaker 1: an embarrassment for the National Hockey League. The fact that 100 00:04:58,279 --> 00:05:03,000 Speaker 1: the no, no, no, just the fact that in goal 101 00:05:03,480 --> 00:05:05,839 Speaker 1: in a game that counts the game, that means something 102 00:05:06,320 --> 00:05:09,360 Speaker 1: is a forty two year old minor league Zamboni driver. 103 00:05:09,839 --> 00:05:11,840 Speaker 1: He said, the whole thing is in embarrassment. I guess 104 00:05:11,920 --> 00:05:15,479 Speaker 1: he wants some sort of level of competency for for 105 00:05:15,520 --> 00:05:18,680 Speaker 1: the emergency goalie. That it shouldn't be some forty two 106 00:05:18,760 --> 00:05:21,880 Speaker 1: year old beer league guy. I don't know how they 107 00:05:21,920 --> 00:05:23,960 Speaker 1: want to, but he's saying the whole thing was an embarrassment. 108 00:05:25,080 --> 00:05:30,640 Speaker 1: They lost. That's the first probably. And by the way, yes, 109 00:05:30,680 --> 00:05:32,719 Speaker 1: they're expected to be a Cup contender and they're not 110 00:05:32,800 --> 00:05:35,120 Speaker 1: quite where they should. I mean, everybody knew the rules 111 00:05:35,160 --> 00:05:38,840 Speaker 1: about the emergency goalie going into the game. He's not 112 00:05:38,960 --> 00:05:41,440 Speaker 1: arguing the rules about the emergency goalie. He's just saying 113 00:05:41,440 --> 00:05:45,039 Speaker 1: there should be a certain level of competence of that goalie. 114 00:05:45,400 --> 00:05:47,880 Speaker 1: Maybe it's you know, they I don't know, some guy 115 00:05:47,960 --> 00:05:51,479 Speaker 1: who plays minor league or not forty two year old 116 00:05:51,839 --> 00:05:55,760 Speaker 1: barely goalie. That's what he said. Because realistically, had the 117 00:05:55,920 --> 00:05:57,800 Speaker 1: maple leaves taken, I don't have been able to get 118 00:05:57,839 --> 00:05:59,840 Speaker 1: fifteen shots in this game. I assume like twelve of 119 00:05:59,880 --> 00:06:01,400 Speaker 1: them would have gone. It well looks. I mean I 120 00:06:01,440 --> 00:06:03,880 Speaker 1: don't know the numbers, but the e bug, the emergency 121 00:06:03,880 --> 00:06:07,080 Speaker 1: backup goalie plays once a season, maybe in the NHL, 122 00:06:07,160 --> 00:06:09,800 Speaker 1: maybe twice this season. Um, and you get these honestly, 123 00:06:09,800 --> 00:06:13,080 Speaker 1: you get these great stories. The guy who played last 124 00:06:13,120 --> 00:06:18,960 Speaker 1: year for the Capitals, remember Scott, Scot remember the guy's 125 00:06:19,040 --> 00:06:21,200 Speaker 1: name right that. I think there's a there is an 126 00:06:21,240 --> 00:06:24,320 Speaker 1: appeal to the ensure if if if the Carolina Hurricanes 127 00:06:24,400 --> 00:06:27,280 Speaker 1: ended up losing this game and then missed out on 128 00:06:27,279 --> 00:06:29,359 Speaker 1: the playoffs by a game, I can see maybe an 129 00:06:29,440 --> 00:06:33,840 Speaker 1: argument for, hey, maybe we professionally this process. Um. So yeah, 130 00:06:33,880 --> 00:06:36,839 Speaker 1: I mean, they're certainly potential solutions. They're not cheap. They're 131 00:06:36,839 --> 00:06:39,360 Speaker 1: expensive to have someone, you know, a third goalie around 132 00:06:39,400 --> 00:06:41,440 Speaker 1: just in case the other two if they need a 133 00:06:41,520 --> 00:06:44,520 Speaker 1: quality experience goaltender. Everybody knows I've got a ten year 134 00:06:44,520 --> 00:06:46,800 Speaker 1: old waiting by the way, real quick, you were right, 135 00:06:46,800 --> 00:06:49,480 Speaker 1: Scott three one when he came into the game. Quickly 136 00:06:49,600 --> 00:06:51,599 Speaker 1: two at the end of the second quickly became four one, 137 00:06:51,720 --> 00:06:53,320 Speaker 1: and then he gave up two quick goals. It was 138 00:06:53,360 --> 00:06:55,320 Speaker 1: four three at the end of the three, end of two. 139 00:06:55,440 --> 00:06:57,360 Speaker 1: So who in their right mind he said they were 140 00:06:57,360 --> 00:06:59,480 Speaker 1: going to win the game. I would imagine gives up 141 00:06:59,520 --> 00:07:01,720 Speaker 1: too quick goals. You know, teams only up by one 142 00:07:01,760 --> 00:07:04,080 Speaker 1: heading into the third you were expecting this, you know, 143 00:07:04,360 --> 00:07:06,400 Speaker 1: you know you can see the running odds during the game. Well, 144 00:07:07,240 --> 00:07:08,880 Speaker 1: go on, Twitter, I want you to get me what 145 00:07:08,920 --> 00:07:12,880 Speaker 1: was well? I want to see at the end of 146 00:07:12,920 --> 00:07:14,920 Speaker 1: the second period. Get that would be one fun thing. 147 00:07:14,920 --> 00:07:19,000 Speaker 1: Move on, let's talk about And this one is more serious. Uh, 148 00:07:19,120 --> 00:07:23,160 Speaker 1: the Summer Olympics in Tokyo. You're approaching. The United States 149 00:07:23,160 --> 00:07:25,960 Speaker 1: Olympic Committee is telling teams that it is business as 150 00:07:26,040 --> 00:07:29,880 Speaker 1: usual as the coronavirus concerns mount Yeah, so the U 151 00:07:29,960 --> 00:07:33,400 Speaker 1: s O PC, the US Team USA send an email 152 00:07:33,440 --> 00:07:35,440 Speaker 1: out last week to all of its all of its 153 00:07:35,480 --> 00:07:38,559 Speaker 1: individual teams, essentially telling them, listen, we are in close 154 00:07:38,600 --> 00:07:41,080 Speaker 1: contact with the IOC. We're in close contact with the 155 00:07:41,120 --> 00:07:43,600 Speaker 1: Tokyo host Committee. We're talking to the c d C. 156 00:07:43,800 --> 00:07:45,880 Speaker 1: We're talking to the World Health Organization, we're talking to 157 00:07:45,920 --> 00:07:50,400 Speaker 1: Homeland Security. Right now, everything we know nothing changes. Your 158 00:07:50,440 --> 00:07:54,200 Speaker 1: plans to ship product to Tokyo for the games, your 159 00:07:54,200 --> 00:07:57,080 Speaker 1: plans to move people to Tokyo for the games, all 160 00:07:57,120 --> 00:08:00,000 Speaker 1: of that that's unfolding in the next couple of months. UH, 161 00:08:00,120 --> 00:08:02,679 Speaker 1: proceed as usual and will let you know if anything changes. 162 00:08:02,720 --> 00:08:05,600 Speaker 1: I guess you'd have to write. If you have to prepare, 163 00:08:05,640 --> 00:08:08,560 Speaker 1: you can't just at last minute decide no. Yeah, I 164 00:08:08,600 --> 00:08:11,400 Speaker 1: think that there's kind of question from what I understand 165 00:08:11,440 --> 00:08:13,800 Speaker 1: from some people that were thinking, yeah, maybe we delay. 166 00:08:14,320 --> 00:08:15,920 Speaker 1: You know the stuff where you know, all the all 167 00:08:15,960 --> 00:08:18,560 Speaker 1: the tons tons of gear that gets shipped there, from 168 00:08:18,920 --> 00:08:22,880 Speaker 1: weightlifting weights, two racks, to nutrition to sailing boats, all 169 00:08:22,920 --> 00:08:25,360 Speaker 1: this stuff if there was and people go over right, 170 00:08:25,360 --> 00:08:28,240 Speaker 1: So so you you put people on the ground early 171 00:08:28,360 --> 00:08:30,720 Speaker 1: because you want to be building, putting together training centers 172 00:08:30,800 --> 00:08:33,160 Speaker 1: or setting up the infrastructure, etcetera. Um, I think there 173 00:08:33,200 --> 00:08:35,000 Speaker 1: was a question of maybe whether they would try to 174 00:08:35,040 --> 00:08:37,600 Speaker 1: be squeezing that in maybe a little later, given you 175 00:08:37,640 --> 00:08:39,559 Speaker 1: know the fact that the virus has so clearly broken 176 00:08:39,600 --> 00:08:41,120 Speaker 1: out of China. I want to I want to give 177 00:08:41,800 --> 00:08:45,040 Speaker 1: Williams the doomsday scenario, give me Edban whatever you got him. 178 00:08:45,120 --> 00:08:46,680 Speaker 1: I'm sorry I'm putting you on the spot, but I 179 00:08:46,760 --> 00:08:51,560 Speaker 1: kind of enjoy it. Give me the absolute doomsday scenario 180 00:08:51,679 --> 00:08:54,240 Speaker 1: of we got to move the games. Well, that's I mean, 181 00:08:54,240 --> 00:08:56,559 Speaker 1: I don't think that happens. Moving the games is impossible. 182 00:08:56,679 --> 00:08:59,480 Speaker 1: Cancel just straight up canceled. It's either cancel or maybe 183 00:08:59,600 --> 00:09:02,880 Speaker 1: some delay that it gets held in Tokyo at some 184 00:09:02,960 --> 00:09:06,559 Speaker 1: point later. That's tough, fun training. And yeah, the two 185 00:09:06,559 --> 00:09:09,080 Speaker 1: thousand three Women's World Cup was moved from China to 186 00:09:09,160 --> 00:09:12,600 Speaker 1: the US on very short notice because of the Stars outbreak. 187 00:09:12,960 --> 00:09:15,240 Speaker 1: But that, as you know, is a much obviously a smaller, 188 00:09:16,240 --> 00:09:19,040 Speaker 1: much easier all those you know, the what's the dollars 189 00:09:19,080 --> 00:09:21,160 Speaker 1: and cents behind the cancelation of Olympics. I mean, it's 190 00:09:21,160 --> 00:09:23,959 Speaker 1: gonna be massive, right, the media and sponsorship money in 191 00:09:24,000 --> 00:09:26,200 Speaker 1: the last four years with five billion dollars, it's gonna 192 00:09:26,240 --> 00:09:28,520 Speaker 1: be much higher for for this game's obviously because of 193 00:09:28,520 --> 00:09:32,720 Speaker 1: the commercial you know, underpinnings behind Tokyo. Um. Yeah, so 194 00:09:32,760 --> 00:09:35,720 Speaker 1: I think canceling is a disaster. Obviously delaying it also 195 00:09:35,800 --> 00:09:38,600 Speaker 1: a disaster. I was wondering, you know, I was asking 196 00:09:38,600 --> 00:09:40,440 Speaker 1: some people last week if there was a scenario in 197 00:09:40,480 --> 00:09:43,679 Speaker 1: which it stops becoming an in person fan event and 198 00:09:43,760 --> 00:09:47,200 Speaker 1: you just put the games on for TV. But even 199 00:09:47,280 --> 00:09:50,840 Speaker 1: that scenario, there's twelve thousand athletes that are that is 200 00:09:50,840 --> 00:09:54,960 Speaker 1: still they're going in the the Olympic village. And I mean, 201 00:09:55,120 --> 00:09:57,760 Speaker 1: and that's another place where exactly, you know, and I 202 00:09:57,840 --> 00:10:01,120 Speaker 1: was that friend place exactly, and there's not you know, 203 00:10:01,400 --> 00:10:04,360 Speaker 1: individual team like Team USA probably can't even decide we're 204 00:10:04,400 --> 00:10:05,640 Speaker 1: going to take all of our athletes out of the 205 00:10:05,720 --> 00:10:09,120 Speaker 1: village and put them in some very safe, very secure 206 00:10:09,520 --> 00:10:12,160 Speaker 1: housing because you know, there's not that many places in 207 00:10:12,160 --> 00:10:16,000 Speaker 1: Tokyo to me before. All the other countries are left 208 00:10:16,000 --> 00:10:18,560 Speaker 1: out of that process. So right now, I think, you know, 209 00:10:18,559 --> 00:10:20,599 Speaker 1: business usual has to be the has to be the 210 00:10:20,640 --> 00:10:23,200 Speaker 1: approach um these next couple of weeks. You said that 211 00:10:23,320 --> 00:10:24,920 Speaker 1: was a couple of weeks ago, that happened, that was 212 00:10:24,960 --> 00:10:27,880 Speaker 1: last week. Well last week things have changed just obviously today. 213 00:10:27,920 --> 00:10:29,559 Speaker 1: I mean you see the stock market, by the way, 214 00:10:29,600 --> 00:10:32,280 Speaker 1: is plunging because you've got this pocket to pop up 215 00:10:32,320 --> 00:10:37,280 Speaker 1: outside open with down over. So yes, the next couple 216 00:10:37,280 --> 00:10:39,880 Speaker 1: of weeks will be very telling because we're gonna essentially 217 00:10:39,880 --> 00:10:42,400 Speaker 1: get a sense of outside of China how much this 218 00:10:42,440 --> 00:10:44,600 Speaker 1: thing is spread. By the way, I should add that 219 00:10:44,960 --> 00:10:48,679 Speaker 1: in Italy, the first board meeting for the Milan Cortina Olympics, 220 00:10:49,000 --> 00:10:52,920 Speaker 1: it was changed to a video conference because authorities sought 221 00:10:53,000 --> 00:10:57,360 Speaker 1: to contain the coronavirus that is spreading around northern Italy, 222 00:10:57,840 --> 00:11:01,920 Speaker 1: so they use that instead of meeting in Milan, they 223 00:11:01,960 --> 00:11:04,760 Speaker 1: went to the video conference. So this will show you 224 00:11:04,800 --> 00:11:07,280 Speaker 1: how this is impacting every Give me some happy betting story, 225 00:11:07,400 --> 00:11:12,840 Speaker 1: all right, this is happy betting. Finally, get comfortable. Okay, 226 00:11:13,120 --> 00:11:17,560 Speaker 1: because the NFL will begin allowing teams in states with 227 00:11:17,679 --> 00:11:21,160 Speaker 1: legal sports betting to have in stadium betting lounges. Now 228 00:11:21,160 --> 00:11:23,560 Speaker 1: I should add they're not going to have a window, 229 00:11:23,760 --> 00:11:26,880 Speaker 1: no betting windows, just the betting loud So you can 230 00:11:26,920 --> 00:11:30,000 Speaker 1: have your sponsorship, have your William Hill or Van whatever 231 00:11:30,120 --> 00:11:33,079 Speaker 1: lounge you want, and your fans there. If you're in 232 00:11:33,120 --> 00:11:38,400 Speaker 1: a legal state, you can bet mobilely, but it's not 233 00:11:38,559 --> 00:11:45,080 Speaker 1: an actual sports book dot dot dot, Ellips dot dot dot. Yet, 234 00:11:45,400 --> 00:11:46,920 Speaker 1: get a little comfortable with this. So if you're a 235 00:11:46,960 --> 00:11:49,720 Speaker 1: New York Giants fan, you go to the stadium in 236 00:11:49,760 --> 00:11:52,000 Speaker 1: New Jersey, you can bet on your phone. You don't 237 00:11:52,000 --> 00:11:54,439 Speaker 1: need the lounge. Doesn't matter. If you're a Buffalo Bills fan, 238 00:11:54,920 --> 00:11:57,600 Speaker 1: you go to the stadium in New York, you can't 239 00:11:57,640 --> 00:12:00,040 Speaker 1: bet on your phone. You have to explain to you 240 00:12:00,120 --> 00:12:02,400 Speaker 1: in a casino. The bonus is though, that you're going 241 00:12:02,440 --> 00:12:06,040 Speaker 1: to have the screens showing other events. That's why you 242 00:12:06,040 --> 00:12:08,800 Speaker 1: want people coming together. I mean, it is sort of 243 00:12:08,840 --> 00:12:12,439 Speaker 1: a communal fun thing. To if you're going to see 244 00:12:12,440 --> 00:12:15,079 Speaker 1: an Eagles game, Yes, you can bet in the lounge 245 00:12:15,080 --> 00:12:18,080 Speaker 1: if you're not running out on the field. Uh, you know, 246 00:12:18,160 --> 00:12:21,000 Speaker 1: acting crazy out there, don't you know, don't do that. 247 00:12:21,120 --> 00:12:23,640 Speaker 1: But you can be in the betting lounge and enjoy, 248 00:12:23,720 --> 00:12:26,200 Speaker 1: like ted leons Is wants to open, you can be 249 00:12:26,240 --> 00:12:28,200 Speaker 1: on mobile, and you can be on mobile. Can't there's 250 00:12:28,200 --> 00:12:32,000 Speaker 1: no brick and mortar location. No, No, We've got March 251 00:12:32,040 --> 00:12:33,840 Speaker 1: Madness coming up. And everybody knows way back in the 252 00:12:33,880 --> 00:12:36,080 Speaker 1: day when the only place to bet was Vegas, what 253 00:12:36,200 --> 00:12:38,439 Speaker 1: those books were like on the Thursday, the opening Thursday 254 00:12:38,480 --> 00:12:40,760 Speaker 1: the n c A tournament. But when are we going 255 00:12:40,800 --> 00:12:43,559 Speaker 1: to get to the point where all of these lounges 256 00:12:43,679 --> 00:12:46,800 Speaker 1: inside the stadiums are open on the Thursday the tournament, 257 00:12:46,800 --> 00:12:49,400 Speaker 1: even though there's no event as a book, because people 258 00:12:49,440 --> 00:12:52,160 Speaker 1: can come and watch and enjoy and drink high margin 259 00:12:52,240 --> 00:12:55,040 Speaker 1: items like beer, you can still make some money. That's 260 00:12:55,080 --> 00:12:57,959 Speaker 1: what ted Leans is envisioning down into. Yeah and yeah exactly, 261 00:12:58,000 --> 00:13:00,920 Speaker 1: and that the NHL is, I believe, the only of 262 00:13:00,960 --> 00:13:04,360 Speaker 1: the major sports leagues that is letting those sports bars 263 00:13:04,400 --> 00:13:07,160 Speaker 1: become you know, brick and mortar sports book locations. Also 264 00:13:07,200 --> 00:13:09,679 Speaker 1: be opened during the game. So, so ted leonce is 265 00:13:09,720 --> 00:13:12,120 Speaker 1: down in d C is they're building a sports bar 266 00:13:12,559 --> 00:13:15,800 Speaker 1: adjacent to the Verizon Center whatever it's called. Now, the 267 00:13:15,840 --> 00:13:18,599 Speaker 1: doors between the arena and the bar are going to 268 00:13:18,640 --> 00:13:20,720 Speaker 1: be open for NHL games. You can go back and forth. 269 00:13:20,800 --> 00:13:22,959 Speaker 1: How does this wizard by the way, say whatever it's 270 00:13:22,960 --> 00:13:26,320 Speaker 1: called now, just but some team somebody how much money 271 00:13:26,360 --> 00:13:32,160 Speaker 1: he's like a cap center or whatever what's it called. Anyway, 272 00:13:31,920 --> 00:13:34,600 Speaker 1: to finish the point, when the when the hockey team 273 00:13:34,640 --> 00:13:36,120 Speaker 1: is playing, those doors will be open, you can go 274 00:13:36,160 --> 00:13:38,440 Speaker 1: back and forth. When the Wizards are playing the NBA team, 275 00:13:38,559 --> 00:13:40,199 Speaker 1: those doors will be closed. You will not be able 276 00:13:40,240 --> 00:13:42,079 Speaker 1: to go back and forth. So the NHL is is 277 00:13:42,920 --> 00:13:44,880 Speaker 1: you know, being a little more proactive in that way. 278 00:13:45,040 --> 00:13:47,199 Speaker 1: One other thing real quick about this NFL and actually 279 00:13:47,240 --> 00:13:49,360 Speaker 1: the part of this, this this new news that is 280 00:13:49,480 --> 00:13:52,200 Speaker 1: is probably more meaningful for teams. They're now able to 281 00:13:52,240 --> 00:13:55,640 Speaker 1: sign sports book partnerships. You know, for the past years, 282 00:13:55,760 --> 00:13:58,680 Speaker 1: you know, it's been either a daily fantasy partnership or 283 00:13:58,720 --> 00:14:01,480 Speaker 1: it's been a casino part otnership, and those casino partnerships 284 00:14:01,480 --> 00:14:03,840 Speaker 1: were not allowed to market their sports book at all. 285 00:14:04,280 --> 00:14:06,640 Speaker 1: Now you are able to write, which which provides a 286 00:14:06,720 --> 00:14:09,680 Speaker 1: nice advantage to the few NFL teams that are actually 287 00:14:09,679 --> 00:14:12,839 Speaker 1: playing in states that have operational sports betting. There's not 288 00:14:12,920 --> 00:14:15,560 Speaker 1: that many. There's you know, the Philadelphia teams in New Jersey, 289 00:14:15,600 --> 00:14:17,720 Speaker 1: New York teams looking at the map right now, the 290 00:14:17,760 --> 00:14:22,160 Speaker 1: Colts and the Raiders, and I think that's it. Pittsburgh. Yeah, 291 00:14:22,160 --> 00:14:24,400 Speaker 1: the two pencil I had. I had fun hanging out 292 00:14:24,440 --> 00:14:27,880 Speaker 1: in the Prudential Center lounge with my boy. Requested come 293 00:14:27,920 --> 00:14:30,200 Speaker 1: down from Canada to check out some sports. That's a great, 294 00:14:30,280 --> 00:14:33,040 Speaker 1: great example the Devils have. You know, they have four 295 00:14:33,160 --> 00:14:36,320 Speaker 1: or five sports betting partners right now. It's a it's 296 00:14:36,320 --> 00:14:38,480 Speaker 1: a mobile state, right you can gamble right from your seat. 297 00:14:38,760 --> 00:14:40,760 Speaker 1: I think most states are want to get to that 298 00:14:40,800 --> 00:14:43,000 Speaker 1: point and probably will, but it's gonna take a while. 299 00:14:43,280 --> 00:14:45,240 Speaker 1: So there is a little financial advantage here, at least 300 00:14:45,280 --> 00:14:46,680 Speaker 1: for the for the NFL teams that are playing in 301 00:14:46,760 --> 00:14:49,480 Speaker 1: legal jurisdiction. I'm just asking this question. I'm just putting 302 00:14:49,480 --> 00:14:52,840 Speaker 1: it out there because now I am I am. I'm 303 00:14:52,840 --> 00:14:55,320 Speaker 1: gonna I'm gonna reign on the parade because they're going 304 00:14:55,360 --> 00:14:58,920 Speaker 1: to Las Vegas. Obviously, you can gamble in Las Vegas. 305 00:14:59,360 --> 00:15:03,400 Speaker 1: I wonder if one point they'll have a window open. Well, 306 00:15:03,800 --> 00:15:05,880 Speaker 1: the NFL won't let them right now. All right, that's 307 00:15:05,920 --> 00:15:08,040 Speaker 1: part of where where the NFL is right now. There's 308 00:15:08,040 --> 00:15:09,520 Speaker 1: not gonna be a brick and mortar. But I will 309 00:15:09,560 --> 00:15:12,640 Speaker 1: explain you do know how here's a little Vegas one 310 00:15:12,680 --> 00:15:14,920 Speaker 1: on one as a former condominium owner there at the Palms, 311 00:15:15,480 --> 00:15:18,280 Speaker 1: and it used to be the objection the lobby from 312 00:15:18,280 --> 00:15:22,680 Speaker 1: the casinos was so strong against because they didn't want 313 00:15:22,720 --> 00:15:26,680 Speaker 1: anything that would take people out of their casinos. They 314 00:15:26,680 --> 00:15:28,320 Speaker 1: really they didn't want anything that. Man, they didn't want 315 00:15:28,320 --> 00:15:29,840 Speaker 1: you going to an arena for two or three four 316 00:15:29,840 --> 00:15:32,600 Speaker 1: hours because that meant you weren't pulling slots or playing 317 00:15:32,640 --> 00:15:34,680 Speaker 1: black Shark or poker or whatever they wanted you there. 318 00:15:35,080 --> 00:15:36,640 Speaker 1: Vegas has changed a little bit more of like the 319 00:15:36,760 --> 00:15:40,640 Speaker 1: entertainment destination where the restaurants, the lounges, they now they 320 00:15:40,720 --> 00:15:44,600 Speaker 1: just want people coming to Vegas. So if a football 321 00:15:44,640 --> 00:15:46,720 Speaker 1: team is a vehicle to get people to come to 322 00:15:46,840 --> 00:15:50,560 Speaker 1: Vegas or changing landscape of the mindset, that's why there's 323 00:15:50,640 --> 00:15:53,360 Speaker 1: less opposition to things like the other funny thing about 324 00:15:53,360 --> 00:15:55,600 Speaker 1: gambling in Las Vegas. You know, all these sports books 325 00:15:55,600 --> 00:15:58,800 Speaker 1: have their apps in in Nevada, people don't really use them. 326 00:15:59,000 --> 00:16:01,440 Speaker 1: You know. You see these huge lines on a Sunday 327 00:16:01,480 --> 00:16:03,520 Speaker 1: morning for people trying to get their bets in there 328 00:16:03,520 --> 00:16:05,880 Speaker 1: on their phones checking email while they're standing in line. 329 00:16:06,120 --> 00:16:08,200 Speaker 1: You can use your phone to place the bet that 330 00:16:08,200 --> 00:16:10,280 Speaker 1: you're waiting in line for, but most people don't do it. 331 00:16:10,320 --> 00:16:12,960 Speaker 1: You know what the other strongest lobby is out there? Well, 332 00:16:13,200 --> 00:16:16,320 Speaker 1: let me do you know? I don't the culinary unit. No, No, 333 00:16:16,480 --> 00:16:19,120 Speaker 1: it's the taxis. There's a reason why you know they 334 00:16:19,120 --> 00:16:21,600 Speaker 1: have mono rail now around the streets. The mono rail, 335 00:16:21,640 --> 00:16:23,840 Speaker 1: I mean, think about that. Let's let's be honest here. 336 00:16:24,040 --> 00:16:28,200 Speaker 1: Should not the mono rail extend to the airport, which 337 00:16:28,240 --> 00:16:30,760 Speaker 1: is what a mile and a half away? But it 338 00:16:30,800 --> 00:16:34,520 Speaker 1: does not? Why Taxi Lebby didn't want it? That's right, 339 00:16:35,000 --> 00:16:36,480 Speaker 1: So I didn't get to stand on line for forty 340 00:16:36,480 --> 00:16:38,560 Speaker 1: minutes trying to get to your hotel before we put 341 00:16:38,600 --> 00:16:41,800 Speaker 1: a bowl on this. How was the experience when you 342 00:16:41,840 --> 00:16:43,760 Speaker 1: lived out in Vegas? I didn't live out there. I 343 00:16:43,840 --> 00:16:46,320 Speaker 1: just bought a condominium out there, and I bought it 344 00:16:46,360 --> 00:16:52,440 Speaker 1: without ever seeing it, stepping footing it all all online. Really, yeah, 345 00:16:52,480 --> 00:16:54,720 Speaker 1: I never ever once stayed there. I bought it, years later, 346 00:16:54,760 --> 00:16:56,200 Speaker 1: sold it and never once used it. It It was an 347 00:16:56,200 --> 00:16:58,280 Speaker 1: investment property people rent. They rented it out for me. 348 00:16:58,320 --> 00:17:00,840 Speaker 1: It was in the rental pool at the Palm Tom's place. 349 00:17:00,880 --> 00:17:03,280 Speaker 1: It was called it was the Moves Joint back then. 350 00:17:04,600 --> 00:17:07,080 Speaker 1: Hold on because the less is our listeners of the show. 351 00:17:07,160 --> 00:17:10,399 Speaker 1: I cannot have them angry at us Capital One Arena. 352 00:17:10,600 --> 00:17:13,679 Speaker 1: Capitale played Capital One, which we should want to make 353 00:17:13,720 --> 00:17:16,600 Speaker 1: their sponsors of the Wizards, so it's a Wizard Wae 354 00:17:16,640 --> 00:17:21,080 Speaker 1: arena they should should be, but it's Capital Is Sorry, Zach, 355 00:17:21,480 --> 00:17:27,560 Speaker 1: what's in your wallet? Uh? This is the Borts Podcast. 356 00:17:27,640 --> 00:17:31,320 Speaker 1: I'm Michael bar along with Scott Sick, and we are 357 00:17:31,400 --> 00:17:34,040 Speaker 1: here every Monday, Wednesday and Thursday exploring the world of 358 00:17:34,080 --> 00:17:35,520 Speaker 1: money and sports, trying it again at the end of 359 00:17:35,520 --> 00:17:37,680 Speaker 1: the week when we speak with the biggest and brightest 360 00:17:37,720 --> 00:17:40,280 Speaker 1: in the sports business world. You're listening to Bloomberg Business 361 00:17:40,320 --> 00:17:43,600 Speaker 1: of Sports on Bloomberg Radio around the world and online 362 00:17:43,640 --> 00:17:45,159 Speaker 1: wherever you get your podcasts.