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Speaker 1: Hello, I'm Scott Susan, I'm Evan, Nobie Williams, and I'm

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Speaker 1: Michael Barr. And this is the Bloomberg Business of Sports

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Speaker 1: podcast where we explore the big money issues in the

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Speaker 1: world of sports. Help, Scott, I can't smooth anything over

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Speaker 1: with Kim. Well, note that's that's to Twitter. Yes, we

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Speaker 1: had a friend of the of the show who didn't

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Speaker 1: know how it ended with the By the way, in

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Speaker 1: case of the backstory, Real Quick went to Hershey Park

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Speaker 1: brought back a box of chocolate Hershey Bars for everybody,

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Speaker 1: every probably everybody I hand. I went into the box

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Speaker 1: and I gave two for you, and I gave one

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Speaker 1: to Evan. Uh. And that's where it went off the right.

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Speaker 1: Knowing that there's my wife and my son. So my

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Speaker 1: son enjoyed his can not happy with you when I

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Speaker 1: realized my agregious error I brought in. You didn't realize

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Speaker 1: it was told to you. Well, yeah, you never realized it.

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Speaker 1: Well that's when I hit you over the head with it.

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Speaker 1: And then but you wanted to know it is all.

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Speaker 1: It's all good between you and Kim. Two of the

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Speaker 1: two of the makeup bars didn't didn't work, even though

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Speaker 1: you all eat it. No, not yet, they're still sitting

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Speaker 1: in the refrigerator. Yeah, a lot of joking. All right,

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Speaker 1: I'm sorry, Kim. I gotta make it up to you.

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Speaker 1: Bring money. Uh. Today we begin with a deal of

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Speaker 1: money between the NFL and jay Z. Yeah, we don't

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Speaker 1: know how much money, but in a in a partnership

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Speaker 1: that I'm not sure any of us would have predicted.

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Speaker 1: Since jay Z and his music has said I don't

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Speaker 1: need the NFL, they need me, I guess he was right.

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Speaker 1: Because they're hooking up. They're giving rock Nation, which is

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Speaker 1: jay Z's company, of course, a say over the NFL's entertainment,

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Speaker 1: including the Biggie the Halftime show with the Super Bowl, right,

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Speaker 1: and rock Nation and jay Z will also have a say. Uh.

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Speaker 1: In terms of social matters, we all know the NFL

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Speaker 1: has taken some hits here with Colin Kaepernick still unemployed.

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Speaker 1: It's got to figure that, uh, jay Z can help

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Speaker 1: in that regard. Even just the association with jay Z

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Speaker 1: and one of the Rock Nation players, of course, is

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Speaker 1: Sae Kwon Barkley the Giants, one of the bright faces

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Speaker 1: and voices in the league. So makes sense from all fronts.

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Speaker 1: But I still do believe that jay Z was right

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Speaker 1: at the start when he said I don't need them,

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Speaker 1: but they need me. Yeah. I mean, you know what

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Speaker 1: else he wraps a lot about more than that money. Money. Yeah,

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Speaker 1: I assume he's getting compensated fairly well here. But you're right, Yeah,

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Speaker 1: I think that this is a partnership that that that

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Speaker 1: serves the NFL very well. Right, it realized that it

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Speaker 1: had not done, I think, a good enough job pushing

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Speaker 1: its own social change initiatives, ones that popped up in

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Speaker 1: the aftermath of Eric Read and Colin Kaepernick. And they're

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Speaker 1: kneeling uh and and and aligning themselves with jay Z,

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Speaker 1: who has been a vocal critic of the NFL multipoth times.

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Speaker 1: I think it's probably a smart move, right. It will

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Speaker 1: help them, at least on the face, appear to be,

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Speaker 1: you know, trying to too sincerely, uh make decisions with

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Speaker 1: its money and also with its with its social clout

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Speaker 1: that are advancing Any of it ring true or is

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Speaker 1: it all hollow until Colin Kaepernick has a job Because objectively, again,

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Speaker 1: I am no NFL general manager. I know he hasn't

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Speaker 1: played in a while, but it seems like objectively, as

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Speaker 1: the president of the United States said he should have

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Speaker 1: a job if he's good enough. Is he good enough?

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Speaker 1: He should have a job. Colin Kaepernick is not going

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Speaker 1: to play in the NFL. I think I think everybody

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Speaker 1: has has accepted that. So, yeah, I think this is Colin.

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Speaker 1: He put out his video last week or this earlier,

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Speaker 1: this week's saying I'm still waiting. Who knows if Colin

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Speaker 1: has has accepted that. But I think this is the

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Speaker 1: NFL essentially trying to turn the page right a multi

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Speaker 1: year partnership with jay Z, aligning themselves with with with him,

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Speaker 1: you know, looking towards the future. When when when maybe

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Speaker 1: you know, the sting of Colin not working her again

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Speaker 1: in the NFL after that season has maybetipated. Has the

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Speaker 1: halftime show lost some of its luster because we have

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Speaker 1: artists who have said no. We have have artists who

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Speaker 1: have demanded payment in the NFL has said no. There

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Speaker 1: is certainly a sales bump, you see the downloads is

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Speaker 1: certainly a good business move to perform during the halftime

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Speaker 1: most watch concert and yet people are saying but people

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Speaker 1: are saying no, and they want to get paid to

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Speaker 1: do it. Yeah, I mean, I think and I think

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Speaker 1: the NFL knows this that a lot of people have

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Speaker 1: been saying no for reasons outside of the fact that

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Speaker 1: they have to pay to do it, and reasons outside

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Speaker 1: of the fact that, you know, there's anger in a

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Speaker 1: lot of communities based towards the NFL, and a lot

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Speaker 1: of artists have not wanted to take on the challenge

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Speaker 1: of dealing with that wild performing. So let's let's just

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Speaker 1: play for fun here. Yeah, who is the ideal person

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Speaker 1: banned whatever to perform at the next super Bowl? The

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Speaker 1: next super Bowl is where it doesn't matter where. I

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Speaker 1: think it definitely matters. Where is the super Bowl coming up?

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Speaker 1: I forgot if they had been getting both outcast members

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Speaker 1: in Atlanta, for example, would have been you know, would

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Speaker 1: have been a slam that way. But I think it

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Speaker 1: matters geographically. I don't know if that's true, because this

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Speaker 1: is about this is a global event. It's about the again,

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Speaker 1: it's about the scale, the TV audience, the halftime shows,

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Speaker 1: about the TV audience. Who cares that's the number of

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Speaker 1: people in that So look, your dream is Beyonce and

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Speaker 1: jay Z, right, And I know Beyonce and jay Z.

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Speaker 1: I think is the ruth think Beyonce and jay Z

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Speaker 1: is so that that should be easy to make happen

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Speaker 1: now with if well, it was reported that there's nothing

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Speaker 1: in this contract that makes that says jay Z has

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Speaker 1: to do the show. UM, I am also curious. So

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Speaker 1: Rock Nation, as you mentioned with se Kwon Barkley, has

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Speaker 1: an agent division, right, they represent a number of NFL players. Um,

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Speaker 1: there seems like there's two potential conflicts of interest here,

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Speaker 1: one being, you know, the the NFL is is signing

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Speaker 1: what is probably a pretty decent sized partnership with a

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Speaker 1: company that is also represented you know if and too

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Speaker 1: if I was representing an artists. You know, rock Nation

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Speaker 1: also represents a number of artists, Rihanna being one of them. Uh,

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Speaker 1: if I work and this is a deal with CIA

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Speaker 1: for booking the halftime show, if you worked at Rock Nation,

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Speaker 1: wouldn't you be you know, wouldn't you be a little

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Speaker 1: perturbed that this is happening. I mean, it seems like

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Speaker 1: there are some confidences, which is maybe both on the

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Speaker 1: athlete representation side and on the musical representative for listening bar,

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Speaker 1: We're gonna say there's a lot under the Rock Nation umbrella.

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Speaker 1: Ella Ella, no good, no good. I want you to

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Speaker 1: move on. Yes, we will do that anyway, Where is

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Speaker 1: it now? I'm looking at that at Landa will host

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Speaker 1: the Super Bowl, they hold it in twenty nineteen, and

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Speaker 1: then Miami will get the event for there's your push, Really,

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Speaker 1: j Lo okay, has she done it before? She might

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Speaker 1: have done it before, but I bet you j Lo

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Speaker 1: is the funny on the list the funny. The funny

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Speaker 1: thing is like when I went to I don't know

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Speaker 1: i'd been to like sixteen, the last twenty Super whatever

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Speaker 1: it was. I can't remember the halftime shows. I remember Springsteen.

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Speaker 1: But I remember Springsteen because as part of the give

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Speaker 1: and take the week before the game, they always bring

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Speaker 1: the artists in. I remember he was like, yeah, I'm

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Speaker 1: not a big football fan. It was like that was

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Speaker 1: such an odd thing for him to say in this venue.

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Speaker 1: I'm not gonna lie. I remember the Janet Jackson Super

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Speaker 1: well for yeah, yeah, well different because I couldn't believe

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Speaker 1: what just the controversy of it all. Yeah, but we'll

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Speaker 1: leave it at that. Up next, let's talk about we

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Speaker 1: have a potential unfair labor practice complaint levied at the

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Speaker 1: CEO of bar Stool Sports, and this one is pretty serious. Well,

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Speaker 1: I don't know if it's serious or not. We'll we'll

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Speaker 1: find out if it's serious or not. But yeah, Dave Portnoy,

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Speaker 1: that the founder of bar Stool, was on Twitter yesterday

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Speaker 1: and apparently there's a unionization effort going on there as

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Speaker 1: there are many digital media properties, and I guess he

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Speaker 1: on Twitter threatened to anyone who was talking to some

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Speaker 1: of the journalists who were asking about it, or if

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Speaker 1: you call this lawyer, you're I'll fire you and I'll

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Speaker 1: sue you. Um and the uh, the A c l

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Speaker 1: U was pretty quick to chime in on Twitter saying, hey,

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Speaker 1: attention an l r B like this is illegal. You

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Speaker 1: can't do this. Yeah. I think the controversy started essentially

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Speaker 1: because the ringer, you know, Bill Simmons former company, they're

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Speaker 1: pushing to unionize. And I don't even know if there's

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Speaker 1: even a push at barstool, But but Portnri has been,

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Speaker 1: you know, vocal in the past about about his anti

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Speaker 1: union stands. In two thousand and fifteen when when Gawker

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Speaker 1: Media was going through this process, he you know, was

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Speaker 1: very vocal and you should read what he what he

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Speaker 1: wrote about it back then. So this is not a

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Speaker 1: new position. But yes, as you said, it's illegal for

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Speaker 1: a boss to interfere with union efforts. It's a legal tea,

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Speaker 1: that's what. It's illegal to discourage workers from doing it.

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Speaker 1: So you know he may have been joking, and this

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Speaker 1: is very on brand for Dave Portnoy, is getting everybody

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Speaker 1: all stirred, creating an US versts. By the way, have

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Speaker 1: you seen there the shop there on barstools already his

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Speaker 1: face with a union buster label. So I mean all

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Speaker 1: in all of two minutes. Yeah, And this is I mean, obviously,

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Speaker 1: unions are a hot political topic. It's it's certainly a

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Speaker 1: sensitive issue in journalism right now. You know, if you

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Speaker 1: remember a couple of years ago, Gothamist and DNA Info,

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Speaker 1: Ricketts shut those down the moment they had a vote

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Speaker 1: to unionize. I know it's sensitive obviously in other industries

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Speaker 1: as well, but you know that this is a topic

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Speaker 1: that that that that has been you know, a sore

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Speaker 1: spot for journalists. You know, BuzzFeed and Box are going

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Speaker 1: through or have been going through this process. Remember that

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Speaker 1: when the bigger I mean Dave used he was the founder,

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Speaker 1: but he did sell the company. He does not have

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Speaker 1: controlling steak. This is on Peter Turning. Now this is

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Speaker 1: the Turning Group. Well, sure, yeah, but he he obviously

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Speaker 1: has some say in personnel decisions, and if he does,

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Speaker 1: the owner of the company is not Peter Trendon in

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Speaker 1: the Churning and Dave portno I loves to go on

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Speaker 1: Twitter and say I fired this person for X reason. Right,

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Speaker 1: this person did this and I fired them right. So

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Speaker 1: whether he has final say or not, he certainly gives

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Speaker 1: the appearance that he does. Um and from work part,

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Speaker 1: I might not understand the difference between Dave Portnoy having

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Speaker 1: the authority and not having the authority to fire me

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Speaker 1: or Peter Turning being the one that if if at

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Speaker 1: the end of the day and when anyone is going

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Speaker 1: to starch for deep pockets. And I don't think Dave

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Speaker 1: Portnoy is looking to scratch Nichols together. But I say

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Speaker 1: that the Turning Group is the deep pocket here. Yeah, well,

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Speaker 1: let me let me on Twitter because they have gone

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Speaker 1: at it AOC, Alexandria Consio Cortez and Mr Portnoy. AOC tweeted,

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Speaker 1: if you're a boss tweeting firing threats to employees trying

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Speaker 1: to unionize, you are likely breaking the law and can

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Speaker 1: be sued in your own words on the spot, I

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Speaker 1: can't wait to hear bar gets to the Thunderdome and yeah,

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Speaker 1: this is the portnoy part. Hey at AOC, welcome to

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Speaker 1: the Thunderdome debate me right, Yeah, this is exactly want

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Speaker 1: I did see people mentioning. I think it is fairly interesting. Uh.

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Speaker 1: Barstool was one of their main slogans is Saturday is

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Speaker 1: for the boys. Uh. And someone pointed out that the

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Speaker 1: reason we have Saturdays is a leisure day is because

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Speaker 1: of unions in the first place. I thought that was interesting. Yeah,

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Speaker 1: but let's also talk about it. You just referenced stoolies.

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Speaker 1: That's what Barstool fans are known as. They're called stoolies Dave.

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Speaker 1: Dave's fans are known as the Stoolis. He will often

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Speaker 1: call out his stoolies to chime in on topics. Finally,

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Speaker 1: let's talk about an ownership change. Had one Major league

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Speaker 1: soccer franchise and it involves a quarterback. Yeah, it's a

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Speaker 1: limited partnership. But still, if you are the Seattle Sounders

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Speaker 1: and they draw some forty thousand fans a game, there

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Speaker 1: are some teams in the big leagues that would be

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Speaker 1: very happy to have it the Atlanta and the Seattle

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Speaker 1: UH attendance show up. Um. But Mr Russell Wilson, his

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Speaker 1: wife Sara Satiadella, the CEO of Microsoft. Also in what

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Speaker 1: happened here was a group based from based out of

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Speaker 1: California was trying to take a chunk of the team

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Speaker 1: that would have given them control, and the local guys

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Speaker 1: Adrian head Our Joe Roth, they would rather keep it

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Speaker 1: in Seattle. So they did some reaching out and they

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Speaker 1: the end was this formation of this local rock star group.

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Speaker 1: So they're buying in. It stays local, it stays Seattle. Um,

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Speaker 1: it just brings MLS some more sizzle. It should also

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Speaker 1: add that hip hop artist McLamore. It's also one of

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Speaker 1: the more famous pop culture seattleites out there. Um. We've seen,

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Speaker 1: you know, in the past, a lot of MLS teams

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Speaker 1: have these kind of celebrity ownership smaller steaks l A

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Speaker 1: f C is packed full of them. Carries in Seattle.

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Speaker 1: By the way, we just saw James Harden invested the

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Speaker 1: team in Houston. This feels like it's a trend now right.

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Speaker 1: It's a way to getting an ownership and learned and

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Speaker 1: poke and yeah, as I did a story of years ago.

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Speaker 1: I think I told you guys on who are these

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Speaker 1: people that by one or two percent of a team

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Speaker 1: and why did they do it? For some it was

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Speaker 1: the eagle play. For some it was the perks of

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Speaker 1: getting to go to the locker room once or twice.

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Speaker 1: Some it was they could offer something in their core business,

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Speaker 1: like if you had to seal a deal, how about

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Speaker 1: doing it on the fifty yard line at at AT

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Speaker 1: and T Stadium. That's not something somebody else could do.

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Speaker 1: Peter Coors brought into the Rockies because he wanted the

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Speaker 1: naming rights and the pouring rights in Colorado. So they

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Speaker 1: were yeah, and some also just wanted to learn the

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Speaker 1: business as an LP a limited partner rather than have

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Speaker 1: all the risk and then say, yes, this is something

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Speaker 1: I enjoyed. I am now ready to move on to

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Speaker 1: a managing general partner role in some some other league

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Speaker 1: or that league, whatever it may be. So not everybody's

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Speaker 1: motivation is the same, and we don't know why all

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Speaker 1: these folks are doing it, but those are some of

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Speaker 1: the reasons they do. And look at jay Z to

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Speaker 1: tie this back to the conversation we started at the

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Speaker 1: top of this. Yeah, he had a very small Steak

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Speaker 1: in the Nets. He obviously learned a bit about how

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Speaker 1: this business work, parlayed that into launching his own firm,

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Speaker 1: So oldest Steak in the Nets and now you know

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Speaker 1: he's he's doing bigger things. He got some sex creativity

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Speaker 1: with black and white color scheme. The whole, the whole

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Speaker 1: marketing plan of the Nets was was conceived the jay

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Speaker 1: Z This is the Bloomberg Business of Sports podcast. I'm

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Speaker 1: Michael fleas Kim, I'm sorry Chocolate Bar along with Scott

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Speaker 1: and I'd like to give a big round fast to

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Speaker 1: my band Sexual Chocolates. Little coming to America. Sex Chocolate.

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Speaker 1: That's a new game, buddy, Chocolate. Is it my turn

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Speaker 1: to say here every Monday, Wednesday, Thursday exploring the world

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Speaker 1: money in Sports. You can join us again at the

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Speaker 1: end of the week and we have a good interview

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Speaker 1: for for Thursday. It's Steve Rabbed, the president of s

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Speaker 1: n Y, his network host the The The Red Hot

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Speaker 1: New York Mets. We you know what we get Now.

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Speaker 1: You need your own theme music Soul Soul Trip. No,

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Speaker 1: this is no chocolate pop. You should host your own show.

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Speaker 1: It's midnight cats Chat. What is this nineteen. Dude, you're

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Speaker 1: you're gonna say that you give references all the time.

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Speaker 1: He races in, then he pushes in cats Man, I

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Speaker 1: just been what you were talking about the musical. You

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Speaker 1: listening to Bloomberg Business, Sports, Birds, Radio Round and online

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Speaker 1: where you get your podcasts