Also in this playlist...
This transcript is automatically generated
First they gotta talk about the masters golf champion on our hands his name is Bubba what you think.
So -- He was -- -- bit kid I was so -- I don't normally get into -- but I got into the fun.
He's got the same Gosling is I do -- kind of -- his foot out when he does it.
He is he self taught guy I -- -- never took lessons.
I -- in that same rough situation.
To make that shot and make that putt and breakdown in front of America we will take -- family and a religious -- -- And they -- adopted child it is a story book.
And being -- at least in the short term may make people forget Tiger Woods for -- -- -- At least there was herself I don't really isn't a masters have a membership problem talking about.
Well the masters has a membership issue that is perfectly legal they are private club into what they want to.
And IBM AT&T and ExxonMobil -- the three major corporate sponsors but the IBM CEO as you know now -- is a woman.
And so in the masters at Augusta National refused to commit.
To having a woman CEO as a member even though they prior four male CEOs had no problem with this.
This came to a head dip no problem with them they were clearly part of the membership.
And -- -- good ol' boy network everybody understands that so the whole debate apt as to have who are members should be and who couldn't be.
The -- national committee can do whatever they want economically they only have a certain number of sponsors they've left some money on the table.
The end result is an incredibly.
As -- -- club that is -- private club that has some discriminatory practices so we haven't heard the last of this.
-- I'm sure we haven't.
That's that's for sure Rick.
And you also say that they aim of these in a bit of a contract craze and then no one -- your focus is Burr in your last -- than the Cincinnati Reds that.
Talk to me about there there's situation in general what you think about office.
Opinion page today we have a number of those items -- there are shameless plug people want to read it.
This is a -- last week committed 225 million dollars over ten years.
-- -- first baseman David -- of -- that deals the fourth largest contract in baseball history that there -- 200 billion dollar deal given this year.
-- -- -- 200 million dollar deal baseball history Albert calls.
Another big deal -- remember these are long term commitments and major financial.
Stakes for these teams on the other hand.
-- -- now on average over 600 million dollars the average -- for baseball continues to go up.
They've reached a new agreement for labor peace at least for the next six years maybe longer.
So baseball is becoming stable.
-- in the era of paying their superstars an astronomical.
Amount of money.
And I -- up about baseball.
This calls to mind for me because I'm and a new Yorker we have a new Yankee Stadium we have a new stadium for the man enough football -- -- madness stadiums to.
How do you weigh in in the debate -- new stadiums bring in new revenue because it seems -- People are trying to advocates -- building new stadium they have all these facts and figures about how it does bring in revenue.
And there are always a critic that they actually can look hated it does not.
I win a debate very clearly I've been in the business for 35 years doing deals.
And stadiums are -- very important part of an overall.
Staple franchise it 5060 years ago we would increase property taxes they would be publicly funded stadiums.
The team would do it long term -- without any financial commitment whatsoever now times have changed.
And also the fact is those -- fifty million dollar -- member.
You know the old -- and how about those rallies stadiums like veterans David Philadelphia three -- stadium in Pittsburgh and hold got a statement Alanna.
-- -- -- Stadiums now have increased in price by thousands fault they do generate that economic impact especially does make a -- the All Star Games.
This Super Bowls the bowl games but you have to build those facilities with -- I into -- long term commitment with your team.
As a partner not just the ten.
Alright very interesting case and that if you don't -- get into that much -- elements talk about these things that's one of the reasons I love talking to you Rick.
And now we have a London Olympics coming up what do you make of that.
Well there are only two and a half months away but they are getting ready so there are hundreds of Olympian struggling to make ends meet not just the Michael Phelps and -- -- where they open up their bank account money flows it.
Lower profile athletes find unique ways to raise funds in advance the Olympics out that this.
US runner and excited read the ads based on his body and the US synchronized swimming -- -- working at a bingo hall.
Ultimately the games themselves fifteen billion dollars in cost.
Some londoners don't feel it's worth that some do -- the same debate as the question you just -- and -- Concerning public dollars for facilities.
There'll be a lot of study about that on a full -- university today looking at an air approaches academically.
Data deal with the businesses sports this is one of many issues they deal with and so this controversy will not go away let's deal with this little little bit better -- in August after the Olympics are over.
And of course when it comes to sports in business -- doesn't just apply to be athletes in the coaches in the fans and the stadiums and also applies to be cable networks.
If CN used to be -- in arguable king of sports broadcasting but they seem to be falling off a little bit coming about that.
Well they certainly have competition now but still -- cable subscriber fee is about four dollars and 69 cents a month.
As compared to about 31 cents to their competitor.
I NBC universal has a new network so it is like apples and charges could be kids on the block are still.
ESPN ESPN ESPN and ESPN but listen fox as you know is looking at how to expand export spaces we know NBC -- well CBS has its own now sports network.
This space is getting more competitive -- that means it's good for the -- more competitive more choices.
Good for the teams at least -- -- higher for the rights these.
Which may need less reliance on ticket prices for the public so you know if you go to -- yankees and Mets games it may be that the cable networks are paying a large.
Price for the player's salary not just increasing and ticket price is good for everybody.
And in the interests of full disclosure about sports of course is owned by news -- the parent of the Fox Business Network.
But Rick is not owned by news corporate dollar and Rick we love getting all -- information from you where could people go to find out more.
I don't -- nobody has -- dot com.
And also the opinion page that you now have are now -- Fox Business of fox news live.
You know look at us every week and we'll release more details in this 750 billion dollar business of sports wonderful recht thanks so much for -- -- love -- here.
See you -- next week about.
Filter by section