“Who wouldn’t be at the dead not to be excited by the way this is the time where the NFL really survives and thrives at twenty five billion dollar annual revenue.” – 00:39
Rick Horrow, CEO of Horrow Ventures, joins Remy Blaire to discuss the return of football and the current state of college sports. The segment kicks off with excitement as the NFL season begins, featuring a highly anticipated matchup between the Super Bowl champion Philadelphia Eagles and their division rival, the Dallas Cowboys. Remy prompts Rick about his enthusiasm for the NFL’s return, to which Rick responds with fervor, highlighting the league’s impressive $25 billion annual revenue and the financial stakes involved in franchise ownership.
The conversation then shifts to college football, where Remy notes the significant investments teams are making in their rosters due to Name, Image, and Likeness (NIL) deals. Rick elaborates on the evolving landscape of athlete compensation, mentioning that Ohio State, the number one ranked team, is reportedly investing $35 million in its roster. He explains how the financial dynamics have changed, with teams now expected to invest between $40 to $50 million as NIL deals mature, contrasting this with the past when payments were made discreetly.
As the discussion progresses, Remy brings up the U.S. Open, where Rick shares his recent experiences and observations. He humorously discusses the popular “honey deuces” cocktails that have become a staple at the event, noting their high price and the staggering number sold, which contributes significantly to the event’s economic impact. Rick mentions that the U.S. Open attracts around 800,000 attendees and generates over a billion dollars in economic activity, emphasizing its status as the largest spectator sport event in New York.