Joining us now, Rick Harrow, sports business analyst at FinTech TV, longtime friend of ours here on the broadcast.
Rick, nice to see you.
We got to start with Arsenal because my producer Jeremy would be very upset if I did not start the conversation with Arsenal, ending a 22 year wait for the Premier League title.
How big is this commercially?
What does this actually unlock for the club?
Who's Arsenal?
I'm just kidding, Jeremy.
Come on, man.
Look, they're worth about $5 billion so that is very clear.
They win their first title since the 2003 004 Invincibles, which was, you know, the name of that unbelievable deal, team, fourth in the EPL today.
Revenues about $888 million about 350.
1 million in broadcasting, $33 million in commerce, and nearly $200 million in tickets.
So listen, they are very important.
But how about Stan Kroenke?
He's the biggest owner of sports franchises in the universe, maybe even larger, 23 billion in his portfolio.
The Nuggets, the Rams, the Avalanche, the Rapids, the Mammoth.
Yeah, Arsenal, but he also owns Soi Stadium.
He owns Ball Arena where the basketball hockey team play, and he owns the facility and is involved with the one with Arsenal.
So the guy knows what he's doing.
He also owns Skycam, you know, in case you want to like overdo it.
So congratulations to Stan.
Congratulations to Arsenal, and I guess, yeah, congratulations to Jeremy.
Uh, Arsenal's taking on PSG Champions League final this Saturday, I believe it's scheduled for 12 o'clock East Coast time anyway.
If they win, what would it mean for the club's business?
Well, it'll go through the roof, and frankly, let's remember that it is one of the top brands in the Premier League no matter what.
It's London-based.
They've got a kick ass stadium.
It's an incredible deal today, but let's remember they've been in a 22 year slump, and if you do win, all of a sudden the commercial implications become significant 20-30% increase in revenue.
You don't want to predict those kind of things, but if they do, if it's a stock.
I buy it.
Rick, I don't know if you've heard here in New York we're a little focused on a basketball team called the New York Knicks.
They swept the Cavs heading to the NBA Finals for the first time in many years.
What does this mean for Madison Square Garden?
What does this mean for Jimmy Dolan?
And what does this mean for New York?
Uh, so I don't know if your initials, are you anywhere near the, you know, Dolan relative, Dolan family.
This is a time for you to suck up to Jimmy Dolan if you want to, by the way, party like it's 1999.
Yeah, well, all right, you can try something else.
What it means to the Garden is that the seats of $279,804 for two floor seats that a New Yorker bought and advertised for the Cavaliers series, that is going to be dwarfed by whatever happens with Game seven tomorrow night on the Western side.
You got two incredible story.
Storylines you've got a Wemby, San Antonio, Oklahoma City deal on one side, and then you've got the Knicks at $2 billion 7.5 billion dollars, number two in the NBA with nearly $600 million in revenue, and it's about time they played pretty well.
It's good for the NBA.
The average franchise value for the NBA deal now is about.
5 billion.
Remember they're bidding Seattle and Vegas up against, not against each other.
Those two will be expansion franchises.
It'll drive the value up everywhere.
NFL about 6.5 billion average.
NHL about $2 billion average.
NBA far and away the biggest mover.
Again, if the NBA were a stock, I'd buy them too.
Rick, who do you like to win it all?
Oklahoma City.
I can't be in New York.
I'm sorry, man, but you know, look, it, what does it matter?
We're done with this interview.
Rick in this part that deeply matters.
Yeah, that's fair enough.
Go New York.
Rick Carro, our good, our good buddy there, sports business analyst at FinTech TV.
