August 12, 2026 • 42 mins
C&R jump into the huge news of the Lakers being flipped for 12.5 billion dollars! They guess the price of some orgs that were sold back in the day & discuss the Lakers future. Plus, the Eagles social media team may have dissed their own star QB today, the guys debate!
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Speaker 1 (00:01):
Hey, thanks for listening to the Cavino and Rich Podcast.
Speaker 2 (00:04):
Be sure to catch us live every weekday from five
to seven Eastern to the four Pacific on Fox Sports Radio.
Find your local station for Cavino Rich at Foxsports Radio
dot com, or stream us live every day on the
iHeartRadio apps like searching fsr.
Speaker 1 (00:19):
Oh.
Speaker 2 (00:20):
As Cavino always says, the best two hours of the day.
Really are man, so happy to be here.
Speaker 1 (00:28):
A lot to get to today. I'm excited. Let's go.
Speaker 2 (00:30):
It's a back to school Thornton mellon Wednesday, and the
rest of the world's like back to school. I thought,
back to school is after Labor Day. Not here in
the upside down of Los Angeles, kids started back to school.
So I wished them all a great, great year, make moments,
make memories, and yeah, get.
Speaker 1 (00:51):
Out of the house.
Speaker 2 (00:52):
Yeah, get out of the house to schools. Seeing your
face an what's your favorite back to school from Billy Madison?
Speaker 3 (00:57):
Is it?
Speaker 1 (00:57):
Is it him singing back to school? Or is it that?
Speaker 3 (01:00):
Oh?
Speaker 2 (01:01):
Definitely the Rocker Billy. That's the third grade. Yes, Oh,
what a glorious day. Let's be rocking out like the
Rocker from Billy Madison.
Speaker 1 (01:10):
Oh past the third grade.
Speaker 3 (01:13):
The Billy Madison Way.
Speaker 2 (01:15):
Rock On, Danny G is here, of course, Sexy Ryan
and thecron and thank you Fox Sports Radio Nation for
being here. So basically, be warned because you're gonna see
a lot of nosepicking kids holding up signs today.
Speaker 1 (01:28):
First day of school, and be sure to like it.
Speaker 2 (01:30):
You know, since Mike's not here with his hot take,
can I just say if you don't like a kid's
photo and you just scroll right past it, shame on you.
You're jealous and you're angry. I love and you have
no heart. I love first day of school. It's a
nice break from people fighting about trans and sports and
Donald Trump. But my point is, let me see your
kids on the front stoop holding a stupid sign. Scroll
right past and you don't like someone you know's kids
(01:53):
first day of school picture. Yeah, you're a rotten, rotten person,
you really are. That's my hot take of the day.
Now won't be here for his hot take. Oh no,
what are we gonna do? But we still have Midweek
Major with Danny G and for Sam, So Danny G's
got you there. The biggest stories in sports and pop
culture are they Midweek or major and uh Rich, I
(02:14):
have one last thought about back to school before we
get into the Lakers, Bro, the Lakes Show, Lakers sold, Eagles.
Speaker 1 (02:20):
Are in the news.
Speaker 2 (02:21):
We're gonna talk about blowouts. We're gonna talk about a
bunch of stuff today. Before you tell me back to school,
You're gonna admire my son's wardrobe. I mean, a kid
dresses better than you.
Speaker 1 (02:31):
My son, you know how like they start to pick
what they want to wear, you know, like.
Speaker 3 (02:34):
I want to wear this.
Speaker 2 (02:35):
I don't know even know where he got this. He's
a little white boy, my son. He's wearing a Team
Mexico jersey to the first day of school. Not only
that from nineteen eighty six's World Cup with lbcam in
the back. Bro, Like that's what you gonna wear? Cool
doing so, I guess Uncle Covino has some influence. He's
a little Vato Loco forever. Little Miklo went to school
like a dan ass fool. Did you put a little
pack of tapatillo in his lunch? Yeo, Bro, for real,
(02:59):
he's selling empina is throwing the playground. So I hope
everyone had a happy first day. Thought Number one is
be prepared. You're gonna see a lot of first day photos.
I might even post one of my daughter later.
Speaker 3 (03:10):
Right, unless you live in all the other parts of
the country where school starts when it's supposed to be
in the lefth of September.
Speaker 2 (03:15):
Yeah, yeah, yeah, of course you're gonna see you know,
you can see this again in September after Labor Day.
When I was a kid, you know who started school
in August. College kids, that was the big change when
you went to college. It's like, yeah, going to college,
everything ass backwards here in Los Angeles, and I'm sure
not just here in other places. The other thought is
when I dropped my daughter off to school, it's wild
to see how like the whole Jinko jean style is
(03:37):
just back. It's just miserable looking kids with their you know,
fluffy heads and their oversized shorts and jeans. It's wild
to see, right, But I saw something new, at least
new to me. So just be warned when you see
these kids. Don't think they're lame. They're doing something that
I guess became a thing because of social media and
(03:57):
just is a thing.
Speaker 1 (03:59):
It's called senior backpacks. Because my daughter was like, oh,
there's Carson.
Speaker 2 (04:04):
And I was like, Carson, he has a SpongeBob backpack.
She's like, oh, yeah, those are senior backpacks. And I said,
what's that? And then I noticed it and it all
clicked at once, like all the end of usual suspects,
But you figured it out. All the seniors where like
their little kid backpack to represent like their childhood and
(04:24):
Payo match. So they're come up and like, hey man,
I'm I'm a senior now, but I was once into
I don't know, it's not like the Hedgehog, bubble guppies. Yeah, uh,
do the Explorer exactly. I was into Kayu, right, so
or whatever it was that you were into he Man
as a kid.
Speaker 3 (04:44):
Right.
Speaker 2 (04:44):
So they rock that and it says and represents that
they're seniors. So kids are lamer than ever. But that's
not the reason they're doing that, because that's the trend.
So when you see kids walking around town they have
little kid backpacks on, they didn't steal it from a kindergartener.
They have it to represent their final year of high school.
Speaker 3 (05:04):
They are the kindergarten.
Speaker 1 (05:05):
Yeah, yeah exactly, So that's really it.
Speaker 2 (05:07):
While your backpack while you were waking up scrambled around
to get your kids to school this morning. Yeah, Danny said,
he woke up thinking someone died. You know when you
check your phone and there got some hundred messages, but
your messages were luckily not about someone dying.
Speaker 3 (05:22):
And I don't know one hundred people, but.
Speaker 2 (05:23):
Since you're the biggest Lakers fan, I know.
Speaker 3 (05:26):
Yeah. There there was like a dozen text messages from
people saying, how did the Lakers get sold? Didn't they
just get sold? Lakers sold?
Speaker 1 (05:33):
Boo boo?
Speaker 3 (05:38):
But man, that doesn't affect me. I'm not a season
ticket all.
Speaker 2 (05:41):
Yeah, but it seems like they flipped it, like you said,
like just some property, make a piece of property, make
a piece of property. There was just a business decision.
And you know, you think there's some honor and clout
and pride, and there is, like in owning the Lakers,
but it's more like my cult. It brought in the
property brothers and Chip and Joanna Gain spruced it up
and sold it.
Speaker 1 (05:57):
Yeah.
Speaker 2 (05:57):
It's more like, oh, we can make our money, all right,
but I can't refuse sure flop bringing Terrek in one
of his hot wives really.
Speaker 3 (06:04):
In the Staple Center bathrooms, and then he jacked everyone
season tickets up by thirty five percent.
Speaker 2 (06:08):
They resurfaced the catvits and said it was put on
the market. Maybe there's more than meets the eye, like
my Transformers backpack, but it seems like they got an
offer they couldn't refuse and went with it. Yeah, the
buying business. Reminder that it's just a business, Danny, the
buying group, Uh, that we're talking about, Bob Eiger, Josh,
(06:31):
Josh Kushner familiar last name? Oh yeah, yeah, what were
they not involved in a possible expansion franchise?
Speaker 3 (06:37):
Yeah, they were one of the lead groups for the
expansion Vegas.
Speaker 1 (06:41):
But they said, hey, let's jump on the Lakers.
Speaker 2 (06:43):
And the number is a staggering twelve point five plus
billion dollars, so almost like a three billion profit almost yeah,
in less than a year, right, because they were bought
and sold late twenty five, twenty five for ten billion.
So the Mark Walter group bought him for ten million dollars,
(07:05):
which seems like not that long ago because it wasn't
and he flipped it for almost three billion dollars more.
Speaker 3 (07:11):
And don't forget there was a headline, I think it
was a week or so ago about how Mark Walter
has some business dealings that are being investigated. So there's
some rumors about that today like maybe he's he that
was another contributing factor.
Speaker 2 (07:24):
For to let it go. Well, it's also wild because
they are a blue chip franchise that you know, the
Bus family that we're talking about, a legacy, Like you
know when a team has the same coach for decades
and then all of a sudden they go through a
couple years where they have a bunch of coaches. The
Lakers were like a steady it was like the Bus family.
Then we lost doctor Buss and Jeanie and the family
(07:44):
took over. So for a long time was the.
Speaker 3 (07:47):
Changing of the guard with their brothers.
Speaker 1 (07:48):
However, and let her.
Speaker 2 (07:50):
But there was such a consistency with that family at
least and now within a year essentially you got two
new owners.
Speaker 3 (07:57):
Well, Kushner and Iger say they want to compete at
the highest level and honor the Bus legacy.
Speaker 2 (08:03):
Well, I know locally there's some buzz that Iger in
other dealings has been a little bit of a cheap wad,
so they're hoping that he opens up the wallet. But
I want to point out something, Danny, I know you
have a bunch of fun facts about these teams and
the value. But I was looking up something because it's
so apparent to me. You know, when you have money,
(08:25):
If you have money with this levels of money right now,
not everybody could.
Speaker 3 (08:29):
Ryan just said, no.
Speaker 1 (08:30):
Ry, Ryan, you know what it's like when you have money?
Do you not hear that.
Speaker 2 (08:37):
He doesn't have a micy. It's like it costs money
to turn this mic up to me. This levels of money.
There's like I'm getting by paying my bills. There's I'm
in debt money. Then there's like, yo, I'm you know,
I manage I'm good. Then there's like I don't have
to worry about my spending. There's so many different levels.
There's money rich, and then there's well yeah, then there's
rich like yo, I don't have to worry about anything.
(08:57):
And then you see someone that has way more than you,
the richest of the rich folks, not like I put
money away in my four oh one k and my
kids having a healthy five twenty nine, not that that's
like you're doing all right, wealthy people, what do they
all gravitate towards? It's so obvious. Sports franchises are where
the money's at. The money is so clearly in the
(09:21):
world of sports, whether it's soccer, NFL, NBA anything.
Speaker 1 (09:24):
Let me just rip off a few of these.
Speaker 2 (09:26):
Ryan Reynolds Wrexham, Matthew McConaughey, Austin FC, Will Ferrell, LAFC.
Speaker 1 (09:32):
Ed Sheeran's got a soccer club.
Speaker 2 (09:34):
Reese Witherspoon is part of MLS in Nashville. The Sisters,
the Williams sisters are involved in a small steak with
the Dolphins.
Speaker 1 (09:43):
Same with Mark Anthony Tom Brady.
Speaker 2 (09:45):
What does he do the minute he retires, Hooks with
hot chicks, hooks up with everyone, holds his nose while
he jumps to the ocean. And he also gets involved
with the Raiders, the Aces and Birmingham City FC. Lebron
James part of the Fenway group which has the Socks,
the Penguins. Usher have a pickleball thing too, Yeah, play pickleball, Usher,
(10:07):
Minority Steak and the Cavaliers. Justin Timberlake, the Grizzlies a
rod when he's not showing everyone is bold. Did you
see that story, by the way, Maybe put that in
Midweek Major. No, he goes by a rod now, but
a rod of course. Timberwolves and you know the Lynx.
So I think the point, if you're super rich and wealthy,
(10:29):
it's not even just a flex, it's an it's like
a solid investment because it's paying off. Yeah, you're thinking like, oh,
that's just a cool flex. No, because the returns and
gains on a franchise and probably the tax things you
can move around so much better than be like I'm
gonna put it in a fidelity mutual funck. These guys
got money, they know. Do you realize this dude made
(10:49):
two billion dollars profit?
Speaker 3 (10:51):
Yeah, and you boom once you said returns. That's exactly
what this is with some of these owners rich because
think of the Cheapo owners. Well, they're not making a
ton of money necessarily from the day to day operations.
Where they make their big amount of money is when
they unload the team finally for how much more than
they bought it. I have some examples here.
Speaker 2 (11:11):
It was I want to hear these examples, but it
was probably a better move for Kushner and Eiger to
spend extra on a franchise that already has a built
in legacy and familiarity. You'd be putting your initial stamp on.
Speaker 1 (11:24):
That initial stamp.
Speaker 2 (11:25):
Costs a lot of money to market and everything else, right,
So you got to pay for that familiarity, you gotta.
Speaker 1 (11:30):
I'm sure that it even the Lakers have a built
in like it's the Lakers.
Speaker 2 (11:34):
It's the Lakes. So you're going to pay a little
extra for an established brand.
Speaker 3 (11:38):
Yeah, because now the rumors are it's going to cost
you eight to ten million dollars to be an expansion
NBA team right now?
Speaker 1 (11:45):
Yeah, then who's going to even really know about it?
Speaker 3 (11:48):
By the way, if you said you say me a
b did I say a million?
Speaker 2 (11:50):
But I'm a billion. There's such a difference between a
million and a billion. That's one of those weird things
people seem to link it together, like, oh, he's a billionaire. No, no, yeah,
a lot of people are millionaires. If they look at
their retirement fund, they're probably billionaires.
Speaker 1 (12:01):
That impressive.
Speaker 2 (12:02):
And it would have cost us three billion just to
get the word out there and to market this team.
Do you remember a few years as well.
Speaker 1 (12:09):
Spend three billion to get the Lakers? You two billion extra.
Speaker 3 (12:12):
We talked about this on the show a few years
ago when Lebron was eyeing that expansion team in Vegas.
Speaker 2 (12:18):
Oh yeah, yeah, And.
Speaker 3 (12:19):
When he became a billionaire. We're like, well, he's on
his way, but now it's going to cost eight to
ten billion to have that expansion team in Vegas.
Speaker 2 (12:26):
It's yo, It's always an investment that seems to work out, right,
you know what happens too. I know Danny g has
this list of fun facts and we're going to open
up the phones two at eight seven seven ninety nine
on Fox. It's like, you know, when people start selling
in your neighborhood and they realize they're getting a lot
of money, you start realizing, like, man, maybe it's time
(12:47):
for me to sell. So if the Lakers are being
sold for twelve point five billion right now, what are
other owners thinking? I feel like that happened in my
neighborhood because after twenty twenty, Like we our house in
twenty twenty whatever, billionaire, and if you bought your house
around twenty twenty, then we called the house that ESPN built.
Speaker 1 (13:07):
Yeah, yeah, this is what our ESPN money. Yeah.
Speaker 2 (13:11):
Well, by the way, Rich and I don't live together.
We both bought yeah, I know, we both bought separately
around the same time. But if you bought in around
twenty twenty, when interest rates are like two to three percent.
Anyone that owns a house then has watched their house.
No matter where you live around the country, Danny, your
equity is through the roof. Think of how much your
equity is if you bought in the last five plus years,
(13:32):
and then look at what an NBA owner flipped his
team in less than two years and made a two million,
two to three billion dollars. Sentimental you know, attachment yeah
to the or like family legacy attachment to it.
Speaker 3 (13:49):
Say these guys, these guys having an attachment like say
I grew up as this diehard Lakers fan and that
was a dream of his. No, it's a business transact.
Speaker 2 (13:59):
So it's the light bulb over every business guy's head
to be like, right, maybe it's time to sell then,
because people were willing to spend a lot of more
money than we thought. But you ain't kidding though, comparing
it to irregular folks in real estate, Like if your
parents are baby boomers and they bought their house in
the eighties for like one hundred thousand dollars and now
they're like, wait, the neighbors just sold for easily over
a million.
Speaker 1 (14:20):
That's the story in a lot of big cities, like.
Speaker 2 (14:22):
What the neighbors do dictates the value of everything else
around you.
Speaker 1 (14:26):
You start seeing the neighbors one at a time for sales,
and it works.
Speaker 2 (14:29):
It works negatively too. On the flip side, I lived
in a townhouse complex. I owned it, and everybody started
short selling when the economy was bad, and you know,
therefore the value of your property goes down too. So
owners are looking at this like, yes, it's a seller's
market right now. Then, but you know what, I'll tell
(14:50):
you the same thing you say about real estate. Hey Cavino,
you made a lot of equity on your property, sell it.
And then you're like, well, then what am I gonna do?
So a lot of these owners very mentally invested, and
they love the business angle of it. So you might say,
like Danny before the show, You're like this man, well,
could James Doman get between the Knicks and the and Madison.
Speaker 3 (15:08):
Square and the sphere comes with that package?
Speaker 1 (15:10):
So I mean yeah, but then like, what's his value?
Speaker 2 (15:13):
Because he probably is so emotionally connected to all of
those things.
Speaker 3 (15:17):
I would think it would be a twenty billion dollar sale.
Speaker 2 (15:20):
But maybe we faced we think they're all emotionally invested,
But maybe they're not if they're willing to sell.
Speaker 1 (15:27):
Honestly, how many months.
Speaker 3 (15:28):
Was that both purchases happened within the same twelve month calendar,
so it was the end of twenty twenty five. It is.
Speaker 2 (15:35):
It's just a reminder that for a lot of people,
it is just a business. Danny g give us some
of those fun facts for that. I think you guys
both know the Yankees and the Cowboys. Yes, the Cowboys
we watch a Jerry Jones documentary, but the Yankees.
Speaker 1 (15:50):
I always had that fun.
Speaker 3 (15:51):
Sineteen seventy three, the Steinbrenner group.
Speaker 2 (15:53):
I always have this fun fact in my head because
when you talk about investing in sports franchises, I know
that the seventies millions of dollars or not what millions
of dollars are now, but it just seems fake, how
low the number is.
Speaker 3 (16:08):
Yeah, it's a comical now.
Speaker 2 (16:10):
It's almost like get a few friends together that live
in an expensive area and you could probably finance it together.
He bought Colin Cowherd, Den Patrick. They could buy this
in cash tomorrow. The Yankees were sold for ten million
dollars in nineteen seventy.
Speaker 3 (16:25):
Three, probably one of the greatest sports investments ever not
probably one of the greatest sports investments.
Speaker 2 (16:30):
That's a one year that's a one year pickup on
a salary of a utility.
Speaker 1 (16:33):
Infielder these days, that's crazy. Ten million dollars and then break.
Speaker 3 (16:37):
You know the Jerry Jones number from nineteen eighty.
Speaker 2 (16:39):
Nine, it was one hundred something, right, what was one.
Speaker 3 (16:42):
Hundred and forty mil?
Speaker 2 (16:42):
One hundred and forty mil. And now the Cowboys are
what five million?
Speaker 1 (16:47):
Yeah?
Speaker 2 (16:47):
Easy?
Speaker 1 (16:48):
Five to ten twenty billion?
Speaker 2 (16:49):
Who knows? And you know we're talking about two major
franchises that are recognized all over the world. Right, so
the valley's insane.
Speaker 3 (16:56):
There. We started a segment talking about Jerry Bus. Okay,
doctor Buss bought the Lakers in nineteen seventy nine for
how much?
Speaker 2 (17:05):
That was when basketball wasn't even televised yet though, right,
so it was tape delayed.
Speaker 1 (17:09):
Yeah, he got that live deal going.
Speaker 2 (17:11):
I I bet it's still in the in the five
in the ten million, Isaac, you want to take a
crack at it, I would say, you got it.
Speaker 4 (17:17):
Yeah, Just just for clarification, part of that transaction was
the La Kings National Hockey League team and a huge
expensive ranch and the Forum. So all told, all told,
that whole package was sixty seven point five million.
Speaker 3 (17:33):
For all that.
Speaker 1 (17:33):
But still what a deal is right?
Speaker 2 (17:35):
Yeah, they did they throw a fish tank in an
espresso machine or no, they did in the Forum club.
Speaker 3 (17:40):
Let's let's let's go to the Clippers. Donald Sterling in
nineteen eighty one bought the Clippers for how much.
Speaker 2 (17:47):
No, Clippers have always been the stepchild, right so of
Los Angeles.
Speaker 3 (17:51):
So how what year eighty one, I'll.
Speaker 1 (17:57):
Go, It's got to be like fifty fifty fifty five.
Speaker 3 (18:02):
Million, twelve point five million.
Speaker 1 (18:04):
Oh, that take us all the other stuff.
Speaker 2 (18:05):
Steve Bomber and then Lakers had the king the form
Oh my god.
Speaker 3 (18:09):
Steve Bomber eventually buys them in twenty fourteen for how
much Bomber.
Speaker 2 (18:14):
Bomber bought them for let me guess, like five mill
five bill two billion, and at the time everybody was
like two billion. Oh my goodness, but they were bought
in eighty one for twelve million. That's why give me.
Do you remember if you watched any Lakers documentaries, remember
the Clippers were always sort of like, I mean, their
(18:35):
second fiddle now, but back then they weren't.
Speaker 1 (18:36):
They had no buzz right.
Speaker 3 (18:38):
Celtics were sold back in two thousand and two before
this latest sale. How much in two thousand and two
for the Celtics.
Speaker 2 (18:45):
Two thousand and two, Man, how off could we be
so just? I'm not winning the presses right on this
eighty two.
Speaker 3 (18:53):
Three hundred and sixty million in two thousand and two.
Then they agreed to sell the team last year at
six point one billion.
Speaker 2 (19:00):
Well, if you do a quick Google search today, one
of the true stories that comes up as of seven
hours ago when valuating when when you know, valuing teams
and evaluating all this, the Detroit Lions and their latest
string of success, Yeah, has raised their value two billion
dollars in the last year. The Lions have done so
(19:23):
much think about it. They were like, you know, they
went from nothing to well, the Lions are one that
they got the stadium that's popping. They got Why we're
seeing athletes invest in teams that they have no affiliation
to some money that it doesn't even make sense, Like, yeah,
Tom Brady and the Raiders a ron with the who
and like it really is just their way to make
some cash and flip some money. Now it's working. This
(19:47):
is interesting. The Lakers just sold for twelve and a
half billion dollars today. Big news, the biggest news the
sports franchise that it's currently valued the highest in American sports.
As you can imagine out of the NFL is Cowboys, Cowboys,
what do you think they're currently worth the latest valuation
fifteen million? Yeah, fifteen point five million, So the Cowboys
(20:11):
the Lakers for an NBA team compared to the highest
NFL team, that's a that's a lot of money for
the Lakers because remember we saw that Steff that the
NFL makes more money than all the other sports leagues combined.
So twelve mil. You know, if you're Mark Walter, you
you take that money and run I think, right, I mean, no,
good for him, yeah, Mark Walter Group. But like DANNYG said,
(20:33):
maybe there's more to this story. But either way, he
made his money, flipped it again, bought it for ten
billion in late twenty twenty five, just sold today for
twelve point five billion to Kushner and Iger. And one
has to hope. Dandy G has to hope because he
was bragging a lot about how his Dodgers they yeah,
they they.
Speaker 3 (20:52):
They reinvest they reinvested. In seventeen three, percent of their
profits back into the roster.
Speaker 1 (20:56):
You gotta hope that that's the plan here.
Speaker 3 (20:59):
Yeah, and that they didn't match themselves out getting that
twelve point five billion together.
Speaker 2 (21:03):
Well, Danny, that was the benefit of Mark Walter owning
your team because you felt this weird comfort in that. Well,
if they if they put money back to the Dodgers
and it's the same ownership group, they're gonna do it
the same with the Lakers. But now Disney, former Disney
big wig Bob Iger, as you said, Yeah, maybe maybe
not known as big spenders, but who knows, maybe they are.
Speaker 3 (21:22):
Well check out this is funny. I thought Mark Walter's
comment today. He says calling he called owning the Lakers
one of the greatest honors of my life. It says,
the team belongs to la. How's it one of the
greatest honors of your life? You owned them for a
few months. I thought you were going to say. His
quote was, I'm ranch bitch.
Speaker 1 (21:38):
You know what.
Speaker 2 (21:39):
Here's how I look at it, because you could say
that you and yeah, like it's it's it's more of
a business decision, but it is still a flex right,
Like they think differently. It's like when you watch Golden Collectibles.
That weirdo what's his name, Golden Ken, Golden. You know
they had these things worth so much value, but there's
(22:04):
never the thrill of keeping it. It's always making your
money on it and selling it and saying that you
were the guy that had it that sold it. So
he'll always be the guy that had the labis and
sold them, right, Like, they don't care about the sentimental
value of keeping it even you know, on a lower level,
if you're a businessman, you're really thinking like a businessman.
Rick from Pawn Stars, right, he always wants those items
(22:27):
for his store. It's never for him and his own
you know, property, and to bring it home because he
cares about it is to say that he had it
and sold it and flipped it and made his money.
He's the bragging right is in I had it and
I made my money off of it. I mean, look
at look at what didn't Jason McIntyre from Fox Sports
that he big lead, you know, the ringer, right, You
(22:51):
know that Colin at one point is going to sell
the volume for a time at all without These are
all like it was mine, I built it, and the
plan is always anytime.
Speaker 3 (23:01):
Some Ben Mallard could have sold Benmallard dot com for
three million dollars if it had been ten years later.
Speaker 2 (23:06):
But it's always interesting because the thrill is like, yeah,
you have it, but you only have it to sell it.
Speaker 3 (23:11):
Yeah, look that way you have to start thinking, Look
what Clay Travis did without Kick.
Speaker 2 (23:15):
Exactly, Clay sold OutKick. And you know, interestingly enough, anytime
a nerd, and I said that kindly, I said it
in a nice way. Anytime some smart nerd builds an app,
they're not doing it to be like I want to
be own it. They they are building these apps to
hope that some big tech tech companies like, I'm impressed,
here's eight. So much pride in it, even if it's temporary, right,
(23:38):
because you're that this is what I'm making my money off. Well,
Magic Johnson of the story, Magic Johnson's thrilled saying two
better owners, and that's saying that Iger is a great
guy that's going to bring championships back to LA.
Speaker 3 (23:51):
I don't know if Magic is the most informed dude
on social media.
Speaker 2 (23:54):
Luca said he's ready to build something special with the
new owners in LA. So hey, you know everyone's on
board and just a reminder wealthy people. And by the way,
that's some teams because money. If these guys were the
guys looking to invest in Vegas, that's other opportunity for
other big wigs. So we're going to see probably some
other former athletes and other big important names now being
(24:16):
the names tossed around for the Vegas venture because Krishner
and Iiger were looking to do it in Vegas, So
that means someone else is going to do it now.
Speaker 3 (24:24):
By the way, uh taalka fan says in our YouTube
channel chat, maybe my favorite owner transaction story is when
the Saint Louis group sold the Hawks and they got
a percentage of the NBA television rights.
Speaker 2 (24:38):
I do remember that that's crazy. I do also know
that it's a reminder too, like you have to take
emotion out of everything and whether it be your home,
whether you gotta remember that it's all you gotta make
your money. Man, you gotta remember though, good ownership is important,
but it doesn't automatically mean a win. Look like the
Mets had the worst ownership group in Major League Baseball.
(24:59):
Remember the will p group. They got wrapped up with
all the losing money with who's that guy? Bernie Madoff
and everything. Right, they were miserable, Mets hated him. Sell
the team, Sell the team. They get Steve Cohen, who's
a lifelong Mets fan, is a billionaire, spends all the
money and they still stink. So you, you know, but
better to have a good better to have an owner
(25:19):
that's in it to win it though. But big, big
news and kind of shocking at the same time too.
That's why Danny G's phone was just blowing a while
this morning, because no one expected that came sort of
out of nowhere. Lakers sold for twelve point five billions.
So we'll talk some NFL next. There's there's a team
in the NFL that openly mocked their own quarterback, or
(25:43):
you might not look at it that way. We'll talk
about that next. Plus we got midweek major we'll talk
some Chicago Bears. Something to do with blowouts. We'll get
to all that and more right here. CNR on FSR,
every sports season built on preparation, studying the trends, making
necessary adjustments to reach the ultimate goal. Investing deserves the
same approach, and with WEE Bowl, you have access to
(26:05):
real time market data, advanced tools, and an intuitive app design.
To help you make informed decision.
Speaker 1 (26:09):
Can we just buy sports franchises? Do they do that?
Do they do that? I think we got that money.
Speaker 2 (26:14):
Whether you're actively trading stocks, options, etfc Yeah, that's more
my style. Can we start on a lower level and
just like sponsor a litle league team and maybe that's
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Speaker 3 (26:59):
I got you. I have a podcast, Empire.
Speaker 5 (27:02):
It continues to grow and I have brought it here
to iHeart. I'm also doing a live radio show from
three to five pm Eastern because.
Speaker 2 (27:10):
My wife wanted to kick me out of the house.
Speaker 5 (27:12):
It's called Stegtson Company Live, which is available in podcast
form right when the show finishes every single day. Some
of the biggest names in sports, a lot of phone.
Speaker 3 (27:23):
Calls, I love you guys, your show, It's one of
my favorites.
Speaker 5 (27:26):
A lot of interaction, guys not taking themselves too seriously.
Those are just some of the things that you can
expect from Stu Gottson Company and Steve Gotson Company Live.
So listen to Steve Gotson Company Live and our will
original podcast. Please subscribe, rate and review Stu Gotson Company
and God Bless Football Taylor's livelihood.
Speaker 3 (27:47):
Depends on it.
Speaker 5 (27:48):
You do it today and you can check all of
those out on the iHeartRadio app, Apple Podcast or wherever
you get your podcasts.
Speaker 2 (28:10):
Making money moves, Record money moves. That's the story. Lakers
sold twelve point five billion and it developed pretty quickly,
incredibly fast, is what they're saying again. Twelve point five
billion to Josh Kushner and Bob Iger, the Mark Walter groups,
(28:33):
what they bought it for ten billion late last year
and made their money. And I think this is gonna
be like a domino effect because of the record breaking
numbers that are being thrown out. They're like, wait a minute.
Businessmen of every you know, major franchise are gonna be like, wait,
you know, maybe we should just cash into make our
money if they're way old. Yes, but I think that
(28:55):
some people like to be in the game because is
only listen, it's an elite club, right. You gotta look
at from that perspective too. There's only thirty two men
or women that own an NFL team, only thirty in baseball,
like like like the Jerry Jones type where there's just
like crazy immense pride about it. I do think a
lot of it is just business like this. But do
you realize how we're talking record numbers? That's really the
(29:18):
headline here, record money. How many rich people would love
the bragging right to say I'm one of those thirty
or thirty two depending on the league that own a team.
I'm the lead stake owner and a team that's that's
like the ultimate rich guy or rich woman bragging, right, Like,
that's not that's not like that's not like oh I
own a summer house. That's I own a team, you know,
(29:38):
it's I have a nice car, Who cares? That's small potatoes.
These are billionaires. Maybe you should not You and I
should like invest in like a cornhole team or something.
Never know, right, you know when we get that Dan
Patrick money, someday, you know, someday, right, we got to
invest in teams.
Speaker 3 (29:54):
The new American Cornhole app.
Speaker 2 (29:56):
Yeah, it's just it's just a way to make your
money nowadays. You know, so the lakers are sold to
me like scratched or not that did it.
Speaker 1 (30:04):
Was something like that, like how could we know retire
early Cornhall?
Speaker 3 (30:08):
I bought it.
Speaker 2 (30:09):
You know, people told them not to spend the money
at the time. Seemed crazy, but yeah, so Cornhole. I
want to remind everybody you could watch what you hear
on the YouTube page. Our bonus podcast over promised. Everything's there.
You can watch the show anytime. But we do it
live and then people are chatting it up live as
we speak. At Covino and rich FSR on YouTube. At
(30:29):
Covino and rich FSR on YouTube. Danny g Ryan and
the Kron has your updates. In two minutes. We'll just
set this up in the meantime. Let you think about
it interestingly enough. Let me ask you a question. If
you were the new owner of a team, what what uh?
What amount of power would you flex on something as
simple as like I like that jersey better than that one,
(30:50):
You know what I'm saying. Like you could be like,
I think we need a new alternate jersey, and here's
what I think it should look like. You really could
do any of those things. You could be like, you
know what, at half court, I think this different Lakers
design would look good. You could do those type of things.
You're the owner of the team. You could say, you
know what, depends how much percentage of a say you have.
(31:14):
I think if you're if you're Bob Eiger, I think
you can make a pretty good case that you could
do anything you want. It's an interesting thought, That's all.
What's up, Ilo, I just want to add.
Speaker 4 (31:24):
The most baller move ever made by a new owner
was ironically someone who's thought of now as one of
the worst owners in sports, Artie Moreno. When he first
bought the Angels in the early two thousands, Literally the
first thing he did at his introductory press conference lower
the beer prices, and he literally whispered to somebody off
(31:45):
to his side, I can do that right, And then
it's like, yeah, you're the owner. Yeah, how far are
they've fallen?
Speaker 2 (31:50):
Did you also hire Danny Glover to manage the team? Oh?
I'm sorry he had I think Tony Danz on the mound,
which is a weird move.
Speaker 1 (31:59):
I'm confusing reality.
Speaker 2 (32:00):
I'm so funny. All right, so we got to set
the story up and then the kron has your updates. Okay,
so NFL rich your favorite thing to talk about? Oh
you know, you know, their social media team is hard
at work promoting training camp and preseason football and all
that stuff. Everyone else follow their teams like social media, pressing,
(32:20):
asking their players dumb questions of course, like how many
jelly beans in this jar? And like, you know, you
see your teammate, your guy's guessing. Well, the Eagles post
this highlight this clip. Oh no, what I saw them?
Do you so this this clip? It's it was viral
like in the last couple of weeks. Besides the obvious,
what would you change about yourself?
Speaker 1 (32:39):
And then like all the players, what do you mean?
But what's the obvious?
Speaker 2 (32:42):
Besides the Then they asked the players as they're coming
out of the tunnel, which is a TikTok trend by
the way, you say something stupid like that to your wife,
besides the obvious, what would you change about yourself?
Speaker 1 (32:50):
What do you mean besides what do you mean?
Speaker 2 (32:52):
Like, what do you mean.
Speaker 1 (32:53):
Besides the obvious?
Speaker 2 (32:54):
But uh yeah, TikTok Instagram, social media teams they have
to they have to be in this. And you know,
like we just said, if he's just part of the game,
if these teams are worth tens of billions of dollars,
they got to hire people to represent on social media.
Speaker 1 (33:09):
For the younger generation, you gotta play the game.
Speaker 2 (33:12):
So they're showing highlights and they're having a scrimmage and
Jalen Hurts throws.
Speaker 3 (33:19):
A pick, a bad one, a bad pick to.
Speaker 2 (33:23):
Quinjon Mitchell, and the caption is this right on queue,
Quinjon Mitchell twenty twenty four, first round pick, number twenty seven,
young player Quinyan Mitchell. I call him quin yam bro
oh you as a boys, Yeah, I've always called him
Simon and I thought you called him big Q. Yeah.
Speaker 1 (33:43):
It was a great play and all right on que
And that was the caption.
Speaker 2 (33:48):
Guys, twenty twenty four, number number one pick for the
hold out of Toledo. But you're boosting this guy out
my sort of sneak this, And is it really a
sneak this if it's your starting quarterback? Jalen hurts? So
all right, well, did you really need to post that?
Speaker 1 (34:05):
Think about that?
Speaker 2 (34:06):
Then we'll why post Jalen getting intercepted just to promote.
Speaker 3 (34:13):
Really happened. It's not like it's Ai.
Speaker 2 (34:15):
You don't I have thoughts. All right, let's go to
the Crown for an update. I lo, what's doing buddy?
Speaker 3 (34:20):
All right?
Speaker 4 (34:21):
Fellas are a top story in d the Los Angeles
Lakers being sold to Josh Kushner and Bob Iger for
a record breaking twelve point five billion dollars, just ten
months after Los Angeles Dodgers owner Mark Walter bought the
team from the Bus family, which would own the Lakers
for forty six years. Other big news in the NBA,
Russell Westbrook announced his retirement today after eighteen seasons. He
(34:42):
made the announcement courtesy of a highly produced social media
video some three and a half minutes long. So that's
why I'm going to spring a pop quiz on Cavino
and ride.
Speaker 1 (34:54):
Oh all right, do it.
Speaker 4 (34:55):
I'm going to play you three brief audio clips, all
of them narrated by Michael B.
Speaker 3 (35:02):
Jordan.
Speaker 4 (35:03):
One of them is from the actual Russell Westbrook retirement
announcement video. The other two are from different projects. A,
B or C. I want you to guess which is
from the Westbrook retirement video.
Speaker 1 (35:15):
Here's A.
Speaker 2 (35:16):
The gym is my laboratory, he says, it's my place
to go out and test unorthodox Wheeze.
Speaker 1 (35:21):
Here's B.
Speaker 2 (35:23):
This wing isn't finished and that's the point.
Speaker 1 (35:27):
And here's C.
Speaker 2 (35:28):
With all those savings in the bank, you might think
he could rest easy.
Speaker 1 (35:33):
A B or C?
Speaker 4 (35:34):
Which one was from the real Russell Westbrook retirement video.
Speaker 2 (35:37):
It's got to be a C.
Speaker 4 (35:40):
Okay, Cavino, you're right, yeah, the music video. You're You're
both wrong. It was actually B. But how can I
play this delicately? Cavino, You were less wrong than rich
because because choice C was' from a national geographic documentary
(36:03):
called Secrets of the Penguins.
Speaker 1 (36:05):
Oh okay, I was close.
Speaker 2 (36:08):
That's so funny, dude.
Speaker 3 (36:09):
Yes. But the other thing we learned Michael B.
Speaker 4 (36:12):
Jordan popular is a narrator now, probably got a good
voiceover agent anyway. In Major League Baseball today, Alec Burls
had had three RBIs. The Cardinals stumped the Phillies seven
to one. Right now, the Tampa Bay Rays an eighth
to four road lead over the Athletics. Top of the ninth.
The Rocky Is a six two lead at Arizona after six.
In San Francisco, the Giants at Astros tied at one
top of the seventh, and after five in San Diego,
(36:32):
the Milwaukee Brewers.
Speaker 1 (36:33):
Up over the Padres two to one. You're a good sports,
good sports guys.
Speaker 2 (36:36):
Back to you, Thank you, Low and cron And by
the way, as you said, the sale of the Lakers.
Josh Kushner forty one years old. His older brother Jared,
as you know, married to Evanka Trump. Right, their family
just has billions and billions of dollars. But they're both
both married to high level people. You know, Carly Kloss
(36:58):
like the he's married to her, So a lot.
Speaker 1 (37:00):
Of a big, big families.
Speaker 2 (37:01):
Speaking of Trump, I mean he knows about owning sports teams.
Remember he owned the Generals. Dude, that is true.
Speaker 3 (37:06):
That is true.
Speaker 2 (37:07):
We'll go to those games. Is good. We're going to
talk about the Eagles. We're going to talk about NFL
all next right here c n R on FSR. I
want to know how you know I'm serious that the
(37:28):
NFL season. Danny J.
Speaker 1 (37:31):
Broke out a highlighter.
Speaker 3 (37:33):
Yeah, it's definitely not you watching NFL programming, watching this weekend.
Speaker 1 (37:38):
I told you Hard Knocks got a binge.
Speaker 3 (37:41):
Just keeps getting worse.
Speaker 2 (37:43):
Bro Covino and Rich, We're destined to be the Wade
Bogs of radio, the most ripped radio shows.
Speaker 1 (37:50):
Is that the goal?
Speaker 2 (37:51):
Yeah? I mean yeah, you see the guys on this network,
they're pretty rap. You keep talking about your peptides and everything.
So it got on to me. I'm scared, yeah, but nervous.
Look at Bogs. Bogs gives hope. So anyway, thank you
guys for hanging out with us live from the Fox
Sports Radio studio. If you miss any of the show today,
remember catch the podcast. There's a best of every day
and the best of the week on Saturdays. Danny G
(38:11):
always hard at work search Covino and Rich and a
quick reminder, not only are we streaming live right now
at Covino and Rich FSR, we're gonna be doing it
live in for DP in for Dan Patrick doing the
hat trick three shows in a row. This coming Monday, Tuesday,
and Wednesday, So wake up with us early seventeenth. Fairly,
are you more of a roper or furly guy? You
(38:34):
could argue both really mean to both great answers. Life
is the best, not knots. You have a roper ropers great,
this is roper too. I like mister she was.
Speaker 1 (38:44):
All horned up? Miss I mean is better?
Speaker 2 (38:47):
Yeah, more a moo moo and still wanted it anyway,
That's just my opinion.
Speaker 1 (38:51):
Anyway, we have lots to get to.
Speaker 2 (38:53):
Just remember next hour, midweek major, the biggest stories in
sports and pop culture.
Speaker 1 (38:57):
And a big NFL story about the Bears.
Speaker 2 (39:00):
Decide are they midweek or major? But the biggest story
of the day is the Lakers sold. Lakers sold. Now
right now we're talking about the Eagles, and I just
think like a like a like a misstep, but a
misstep from like a minion who works in the social
media department, even though what they do is important in
today's world, it's just some social media person. That's the
(39:22):
way I look at it. Is it a bad look?
Is it a bad move? I think so. I don't
think you ever take shots or ever do anything to
make well, what's the number one rule, protect the quarterback.
How are you protecting the quarterback by posting a weak
ass play that he made on social media and just
to highlight someone else That doesn't matter that I don't
know that the the inter team squad scrimmage, if you
(39:45):
didn't know that, the guy that picked him off was
Quinn Mitchell and and it says right on que and
it's Jalen Hurts throwing.
Speaker 3 (39:52):
An interception spelled with a capital que.
Speaker 2 (39:55):
By the way, yeah, right on, right on Q, which
was a play on. But here's my thought is, so
they're highlighting this dude to bring down the stock of
Jalen Hurts. My thought is this you were sort of
alluding to it. I feel like a lot of social
media people that are on a social media team for
a company, now, by.
Speaker 1 (40:16):
The way, is a big time gig in today's world.
That's not my point.
Speaker 2 (40:20):
I'm saying this is a person probably whose specialty is
is the algorithm and how to get people to engage.
I don't think there especially is knowing football. No, their specialty.
You're right, it's probably social media first, NFL second, right,
So they might not realize that you don't post a
picture of the quarterback or a video of the quarterback,
(40:42):
even if it's a camp getting picked and looking bad.
But then again, every other thing we see that's bad
is usually leaked footage, so no one else really does
this because I was thinking, remember, mahomes throw a ball
right at the right at the alignment's helmet, but that
was leaked footage, like from someone. No one's going to
highlight that and say, you know, look at our quarterback
making it stupid play. The Chiefs wore end up posting
it being like, yeah, Patrick's restI you know, like they
(41:04):
weren't doing that, but.
Speaker 1 (41:05):
I look at it this way. Please do not take
this as sexist. You ever see a team, oh man,
here comes something sexist.
Speaker 3 (41:12):
Here we go.
Speaker 1 (41:13):
Drum roll, drumb roll.
Speaker 3 (41:16):
Please.
Speaker 2 (41:17):
You ever see a team that's getting whooped, they're getting demolished,
yet their cheerleaders don't really know what's going on and
they're still like in character like be aggressive and you're
like you're losing by forty, but the cheerleaders are just
doing their job. But if if you don't know the game,
it's kind of like a read the room thing. It's
like a read the room thing. It's like Danny who's
(41:37):
it on the charges that was like first down when
they were losing by twenty Eckler Chargers are Chargers are
losing by like seven touchdowns that he's doing first down.
And I say that respectfully. My wife was a college cheerleader.
We've joked about how, like, you know, some of the
girls are into the game and some are there because
they're just cheerleaders and dancers and't like doing it. But
(41:58):
I find this to be a social media person that
really just doesn't know the rules and probably got a
little slap on the rest if you asked me. All right, Yeah,
so your thoughts on this and more, We get to
you next right here on Fox Sports Radio eight seven,
seven ninety nine on Fox we are Cavino and Rich Yeah, Buddy,
Hey, thanks for listening to the Cavino and Rich Podcast.
Speaker 2 (00:04):
Be sure to catch us live every weekday from five
to seven Eastern to the four Pacific on Fox Sports Radio.
Find your local station for Cavino Rich at Foxsports Radio
dot com, or stream us live every day on the
iHeartRadio apps like searching fsr.
Speaker 1 (00:19):
Oh.
Speaker 2 (00:20):
As Cavino always says, the best two hours of the day.
Really are man, so happy to be here.
Speaker 1 (00:28):
A lot to get to today. I'm excited. Let's go.
Speaker 2 (00:30):
It's a back to school Thornton mellon Wednesday, and the
rest of the world's like back to school. I thought,
back to school is after Labor Day. Not here in
the upside down of Los Angeles, kids started back to school.
So I wished them all a great, great year, make moments,
make memories, and yeah, get.
Speaker 1 (00:51):
Out of the house.
Speaker 2 (00:52):
Yeah, get out of the house to schools. Seeing your
face an what's your favorite back to school from Billy Madison?
Speaker 3 (00:57):
Is it?
Speaker 1 (00:57):
Is it him singing back to school? Or is it that?
Speaker 3 (01:00):
Oh?
Speaker 2 (01:01):
Definitely the Rocker Billy. That's the third grade. Yes, Oh,
what a glorious day. Let's be rocking out like the
Rocker from Billy Madison.
Speaker 1 (01:10):
Oh past the third grade.
Speaker 3 (01:13):
The Billy Madison Way.
Speaker 2 (01:15):
Rock On, Danny G is here, of course, Sexy Ryan
and thecron and thank you Fox Sports Radio Nation for
being here. So basically, be warned because you're gonna see
a lot of nosepicking kids holding up signs today.
Speaker 1 (01:28):
First day of school, and be sure to like it.
Speaker 2 (01:30):
You know, since Mike's not here with his hot take,
can I just say if you don't like a kid's
photo and you just scroll right past it, shame on you.
You're jealous and you're angry. I love and you have
no heart. I love first day of school. It's a
nice break from people fighting about trans and sports and
Donald Trump. But my point is, let me see your
kids on the front stoop holding a stupid sign. Scroll
right past and you don't like someone you know's kids
(01:53):
first day of school picture. Yeah, you're a rotten, rotten person,
you really are. That's my hot take of the day.
Now won't be here for his hot take. Oh no,
what are we gonna do? But we still have Midweek
Major with Danny G and for Sam, So Danny G's
got you there. The biggest stories in sports and pop
culture are they Midweek or major and uh Rich, I
(02:14):
have one last thought about back to school before we
get into the Lakers, Bro, the Lakes Show, Lakers sold, Eagles.
Speaker 1 (02:20):
Are in the news.
Speaker 2 (02:21):
We're gonna talk about blowouts. We're gonna talk about a
bunch of stuff today. Before you tell me back to school,
You're gonna admire my son's wardrobe. I mean, a kid
dresses better than you.
Speaker 1 (02:31):
My son, you know how like they start to pick
what they want to wear, you know, like.
Speaker 3 (02:34):
I want to wear this.
Speaker 2 (02:35):
I don't know even know where he got this. He's
a little white boy, my son. He's wearing a Team
Mexico jersey to the first day of school. Not only
that from nineteen eighty six's World Cup with lbcam in
the back. Bro, Like that's what you gonna wear? Cool
doing so, I guess Uncle Covino has some influence. He's
a little Vato Loco forever. Little Miklo went to school
like a dan ass fool. Did you put a little
pack of tapatillo in his lunch? Yeo, Bro, for real,
(02:59):
he's selling empina is throwing the playground. So I hope
everyone had a happy first day. Thought Number one is
be prepared. You're gonna see a lot of first day photos.
I might even post one of my daughter later.
Speaker 3 (03:10):
Right, unless you live in all the other parts of
the country where school starts when it's supposed to be
in the lefth of September.
Speaker 2 (03:15):
Yeah, yeah, yeah, of course you're gonna see you know,
you can see this again in September after Labor Day.
When I was a kid, you know who started school
in August. College kids, that was the big change when
you went to college. It's like, yeah, going to college,
everything ass backwards here in Los Angeles, and I'm sure
not just here in other places. The other thought is
when I dropped my daughter off to school, it's wild
to see how like the whole Jinko jean style is
(03:37):
just back. It's just miserable looking kids with their you know,
fluffy heads and their oversized shorts and jeans. It's wild
to see, right, But I saw something new, at least
new to me. So just be warned when you see
these kids. Don't think they're lame. They're doing something that
I guess became a thing because of social media and
(03:57):
just is a thing.
Speaker 1 (03:59):
It's called senior backpacks. Because my daughter was like, oh,
there's Carson.
Speaker 2 (04:04):
And I was like, Carson, he has a SpongeBob backpack.
She's like, oh, yeah, those are senior backpacks. And I said,
what's that? And then I noticed it and it all
clicked at once, like all the end of usual suspects,
But you figured it out. All the seniors where like
their little kid backpack to represent like their childhood and
(04:24):
Payo match. So they're come up and like, hey man,
I'm I'm a senior now, but I was once into
I don't know, it's not like the Hedgehog, bubble guppies. Yeah, uh,
do the Explorer exactly. I was into Kayu, right, so
or whatever it was that you were into he Man
as a kid.
Speaker 3 (04:44):
Right.
Speaker 2 (04:44):
So they rock that and it says and represents that
they're seniors. So kids are lamer than ever. But that's
not the reason they're doing that, because that's the trend.
So when you see kids walking around town they have
little kid backpacks on, they didn't steal it from a kindergartener.
They have it to represent their final year of high school.
Speaker 3 (05:04):
They are the kindergarten.
Speaker 1 (05:05):
Yeah, yeah exactly, So that's really it.
Speaker 2 (05:07):
While your backpack while you were waking up scrambled around
to get your kids to school this morning. Yeah, Danny said,
he woke up thinking someone died. You know when you
check your phone and there got some hundred messages, but
your messages were luckily not about someone dying.
Speaker 3 (05:22):
And I don't know one hundred people, but.
Speaker 2 (05:23):
Since you're the biggest Lakers fan, I know.
Speaker 3 (05:26):
Yeah. There there was like a dozen text messages from
people saying, how did the Lakers get sold? Didn't they
just get sold? Lakers sold?
Speaker 1 (05:33):
Boo boo?
Speaker 3 (05:38):
But man, that doesn't affect me. I'm not a season
ticket all.
Speaker 2 (05:41):
Yeah, but it seems like they flipped it, like you said,
like just some property, make a piece of property, make
a piece of property. There was just a business decision.
And you know, you think there's some honor and clout
and pride, and there is, like in owning the Lakers,
but it's more like my cult. It brought in the
property brothers and Chip and Joanna Gain spruced it up
and sold it.
Speaker 1 (05:57):
Yeah.
Speaker 2 (05:57):
It's more like, oh, we can make our money, all right,
but I can't refuse sure flop bringing Terrek in one
of his hot wives really.
Speaker 3 (06:04):
In the Staple Center bathrooms, and then he jacked everyone
season tickets up by thirty five percent.
Speaker 2 (06:08):
They resurfaced the catvits and said it was put on
the market. Maybe there's more than meets the eye, like
my Transformers backpack, but it seems like they got an
offer they couldn't refuse and went with it. Yeah, the
buying business. Reminder that it's just a business, Danny, the
buying group, Uh, that we're talking about, Bob Eiger, Josh,
(06:31):
Josh Kushner familiar last name? Oh yeah, yeah, what were
they not involved in a possible expansion franchise?
Speaker 3 (06:37):
Yeah, they were one of the lead groups for the
expansion Vegas.
Speaker 1 (06:41):
But they said, hey, let's jump on the Lakers.
Speaker 2 (06:43):
And the number is a staggering twelve point five plus
billion dollars, so almost like a three billion profit almost yeah,
in less than a year, right, because they were bought
and sold late twenty five, twenty five for ten billion.
So the Mark Walter group bought him for ten million dollars,
(07:05):
which seems like not that long ago because it wasn't
and he flipped it for almost three billion dollars more.
Speaker 3 (07:11):
And don't forget there was a headline, I think it
was a week or so ago about how Mark Walter
has some business dealings that are being investigated. So there's
some rumors about that today like maybe he's he that
was another contributing factor.
Speaker 2 (07:24):
For to let it go. Well, it's also wild because
they are a blue chip franchise that you know, the
Bus family that we're talking about, a legacy, Like you
know when a team has the same coach for decades
and then all of a sudden they go through a
couple years where they have a bunch of coaches. The
Lakers were like a steady it was like the Bus family.
Then we lost doctor Buss and Jeanie and the family
(07:44):
took over. So for a long time was the.
Speaker 3 (07:47):
Changing of the guard with their brothers.
Speaker 1 (07:48):
However, and let her.
Speaker 2 (07:50):
But there was such a consistency with that family at
least and now within a year essentially you got two
new owners.
Speaker 3 (07:57):
Well, Kushner and Iger say they want to compete at
the highest level and honor the Bus legacy.
Speaker 2 (08:03):
Well, I know locally there's some buzz that Iger in
other dealings has been a little bit of a cheap wad,
so they're hoping that he opens up the wallet. But
I want to point out something, Danny, I know you
have a bunch of fun facts about these teams and
the value. But I was looking up something because it's
so apparent to me. You know, when you have money,
(08:25):
If you have money with this levels of money right now,
not everybody could.
Speaker 3 (08:29):
Ryan just said, no.
Speaker 1 (08:30):
Ry, Ryan, you know what it's like when you have money?
Do you not hear that.
Speaker 2 (08:37):
He doesn't have a micy. It's like it costs money
to turn this mic up to me. This levels of money.
There's like I'm getting by paying my bills. There's I'm
in debt money. Then there's like, yo, I'm you know,
I manage I'm good. Then there's like I don't have
to worry about my spending. There's so many different levels.
There's money rich, and then there's well yeah, then there's
rich like yo, I don't have to worry about anything.
(08:57):
And then you see someone that has way more than you,
the richest of the rich folks, not like I put
money away in my four oh one k and my
kids having a healthy five twenty nine, not that that's
like you're doing all right, wealthy people, what do they
all gravitate towards? It's so obvious. Sports franchises are where
the money's at. The money is so clearly in the
(09:21):
world of sports, whether it's soccer, NFL, NBA anything.
Speaker 1 (09:24):
Let me just rip off a few of these.
Speaker 2 (09:26):
Ryan Reynolds Wrexham, Matthew McConaughey, Austin FC, Will Ferrell, LAFC.
Speaker 1 (09:32):
Ed Sheeran's got a soccer club.
Speaker 2 (09:34):
Reese Witherspoon is part of MLS in Nashville. The Sisters,
the Williams sisters are involved in a small steak with
the Dolphins.
Speaker 1 (09:43):
Same with Mark Anthony Tom Brady.
Speaker 2 (09:45):
What does he do the minute he retires, Hooks with
hot chicks, hooks up with everyone, holds his nose while
he jumps to the ocean. And he also gets involved
with the Raiders, the Aces and Birmingham City FC. Lebron
James part of the Fenway group which has the Socks,
the Penguins. Usher have a pickleball thing too, Yeah, play pickleball, Usher,
(10:07):
Minority Steak and the Cavaliers. Justin Timberlake, the Grizzlies a
rod when he's not showing everyone is bold. Did you
see that story, by the way, Maybe put that in
Midweek Major. No, he goes by a rod now, but
a rod of course. Timberwolves and you know the Lynx.
So I think the point, if you're super rich and wealthy,
(10:29):
it's not even just a flex, it's an it's like
a solid investment because it's paying off. Yeah, you're thinking like, oh,
that's just a cool flex. No, because the returns and
gains on a franchise and probably the tax things you
can move around so much better than be like I'm
gonna put it in a fidelity mutual funck. These guys
got money, they know. Do you realize this dude made
(10:49):
two billion dollars profit?
Speaker 3 (10:51):
Yeah, and you boom once you said returns. That's exactly
what this is with some of these owners rich because
think of the Cheapo owners. Well, they're not making a
ton of money necessarily from the day to day operations.
Where they make their big amount of money is when
they unload the team finally for how much more than
they bought it. I have some examples here.
Speaker 2 (11:11):
It was I want to hear these examples, but it
was probably a better move for Kushner and Eiger to
spend extra on a franchise that already has a built
in legacy and familiarity. You'd be putting your initial stamp on.
Speaker 1 (11:24):
That initial stamp.
Speaker 2 (11:25):
Costs a lot of money to market and everything else, right,
So you got to pay for that familiarity, you gotta.
Speaker 1 (11:30):
I'm sure that it even the Lakers have a built
in like it's the Lakers.
Speaker 2 (11:34):
It's the Lakes. So you're going to pay a little
extra for an established brand.
Speaker 3 (11:38):
Yeah, because now the rumors are it's going to cost
you eight to ten million dollars to be an expansion
NBA team right now?
Speaker 1 (11:45):
Yeah, then who's going to even really know about it?
Speaker 3 (11:48):
By the way, if you said you say me a
b did I say a million?
Speaker 2 (11:50):
But I'm a billion. There's such a difference between a
million and a billion. That's one of those weird things
people seem to link it together, like, oh, he's a billionaire. No, no, yeah,
a lot of people are millionaires. If they look at
their retirement fund, they're probably billionaires.
Speaker 1 (12:01):
That impressive.
Speaker 2 (12:02):
And it would have cost us three billion just to
get the word out there and to market this team.
Do you remember a few years as well.
Speaker 1 (12:09):
Spend three billion to get the Lakers? You two billion extra.
Speaker 3 (12:12):
We talked about this on the show a few years
ago when Lebron was eyeing that expansion team in Vegas.
Speaker 2 (12:18):
Oh yeah, yeah, And.
Speaker 3 (12:19):
When he became a billionaire. We're like, well, he's on
his way, but now it's going to cost eight to
ten billion to have that expansion team in Vegas.
Speaker 2 (12:26):
It's yo, It's always an investment that seems to work out, right,
you know what happens too. I know Danny g has
this list of fun facts and we're going to open
up the phones two at eight seven seven ninety nine
on Fox. It's like, you know, when people start selling
in your neighborhood and they realize they're getting a lot
of money, you start realizing, like, man, maybe it's time
(12:47):
for me to sell. So if the Lakers are being
sold for twelve point five billion right now, what are
other owners thinking? I feel like that happened in my
neighborhood because after twenty twenty, Like we our house in
twenty twenty whatever, billionaire, and if you bought your house
around twenty twenty, then we called the house that ESPN built.
Speaker 1 (13:07):
Yeah, yeah, this is what our ESPN money. Yeah.
Speaker 2 (13:11):
Well, by the way, Rich and I don't live together.
We both bought yeah, I know, we both bought separately
around the same time. But if you bought in around
twenty twenty, when interest rates are like two to three percent.
Anyone that owns a house then has watched their house.
No matter where you live around the country, Danny, your
equity is through the roof. Think of how much your
equity is if you bought in the last five plus years,
(13:32):
and then look at what an NBA owner flipped his
team in less than two years and made a two million,
two to three billion dollars. Sentimental you know, attachment yeah
to the or like family legacy attachment to it.
Speaker 3 (13:49):
Say these guys, these guys having an attachment like say
I grew up as this diehard Lakers fan and that
was a dream of his. No, it's a business transact.
Speaker 2 (13:59):
So it's the light bulb over every business guy's head
to be like, right, maybe it's time to sell then,
because people were willing to spend a lot of more
money than we thought. But you ain't kidding though, comparing
it to irregular folks in real estate, Like if your
parents are baby boomers and they bought their house in
the eighties for like one hundred thousand dollars and now
they're like, wait, the neighbors just sold for easily over
a million.
Speaker 1 (14:20):
That's the story in a lot of big cities, like.
Speaker 2 (14:22):
What the neighbors do dictates the value of everything else
around you.
Speaker 1 (14:26):
You start seeing the neighbors one at a time for sales,
and it works.
Speaker 2 (14:29):
It works negatively too. On the flip side, I lived
in a townhouse complex. I owned it, and everybody started
short selling when the economy was bad, and you know,
therefore the value of your property goes down too. So
owners are looking at this like, yes, it's a seller's
market right now. Then, but you know what, I'll tell
(14:50):
you the same thing you say about real estate. Hey Cavino,
you made a lot of equity on your property, sell it.
And then you're like, well, then what am I gonna do?
So a lot of these owners very mentally invested, and
they love the business angle of it. So you might say,
like Danny before the show, You're like this man, well,
could James Doman get between the Knicks and the and Madison.
Speaker 3 (15:08):
Square and the sphere comes with that package?
Speaker 1 (15:10):
So I mean yeah, but then like, what's his value?
Speaker 2 (15:13):
Because he probably is so emotionally connected to all of
those things.
Speaker 3 (15:17):
I would think it would be a twenty billion dollar sale.
Speaker 2 (15:20):
But maybe we faced we think they're all emotionally invested,
But maybe they're not if they're willing to sell.
Speaker 1 (15:27):
Honestly, how many months.
Speaker 3 (15:28):
Was that both purchases happened within the same twelve month calendar,
so it was the end of twenty twenty five. It is.
Speaker 2 (15:35):
It's just a reminder that for a lot of people,
it is just a business. Danny g give us some
of those fun facts for that. I think you guys
both know the Yankees and the Cowboys. Yes, the Cowboys
we watch a Jerry Jones documentary, but the Yankees.
Speaker 1 (15:50):
I always had that fun.
Speaker 3 (15:51):
Sineteen seventy three, the Steinbrenner group.
Speaker 2 (15:53):
I always have this fun fact in my head because
when you talk about investing in sports franchises, I know
that the seventies millions of dollars or not what millions
of dollars are now, but it just seems fake, how
low the number is.
Speaker 3 (16:08):
Yeah, it's a comical now.
Speaker 2 (16:10):
It's almost like get a few friends together that live
in an expensive area and you could probably finance it together.
He bought Colin Cowherd, Den Patrick. They could buy this
in cash tomorrow. The Yankees were sold for ten million
dollars in nineteen seventy.
Speaker 3 (16:25):
Three, probably one of the greatest sports investments ever not
probably one of the greatest sports investments.
Speaker 2 (16:30):
That's a one year that's a one year pickup on
a salary of a utility.
Speaker 1 (16:33):
Infielder these days, that's crazy. Ten million dollars and then break.
Speaker 3 (16:37):
You know the Jerry Jones number from nineteen eighty.
Speaker 2 (16:39):
Nine, it was one hundred something, right, what was one.
Speaker 3 (16:42):
Hundred and forty mil?
Speaker 2 (16:42):
One hundred and forty mil. And now the Cowboys are
what five million?
Speaker 1 (16:47):
Yeah?
Speaker 2 (16:47):
Easy?
Speaker 1 (16:48):
Five to ten twenty billion?
Speaker 2 (16:49):
Who knows? And you know we're talking about two major
franchises that are recognized all over the world. Right, so
the valley's insane.
Speaker 3 (16:56):
There. We started a segment talking about Jerry Bus. Okay,
doctor Buss bought the Lakers in nineteen seventy nine for
how much?
Speaker 2 (17:05):
That was when basketball wasn't even televised yet though, right,
so it was tape delayed.
Speaker 1 (17:09):
Yeah, he got that live deal going.
Speaker 2 (17:11):
I I bet it's still in the in the five
in the ten million, Isaac, you want to take a
crack at it, I would say, you got it.
Speaker 4 (17:17):
Yeah, Just just for clarification, part of that transaction was
the La Kings National Hockey League team and a huge
expensive ranch and the Forum. So all told, all told,
that whole package was sixty seven point five million.
Speaker 3 (17:33):
For all that.
Speaker 1 (17:33):
But still what a deal is right?
Speaker 2 (17:35):
Yeah, they did they throw a fish tank in an
espresso machine or no, they did in the Forum club.
Speaker 3 (17:40):
Let's let's let's go to the Clippers. Donald Sterling in
nineteen eighty one bought the Clippers for how much.
Speaker 2 (17:47):
No, Clippers have always been the stepchild, right so of
Los Angeles.
Speaker 3 (17:51):
So how what year eighty one, I'll.
Speaker 1 (17:57):
Go, It's got to be like fifty fifty fifty five.
Speaker 3 (18:02):
Million, twelve point five million.
Speaker 1 (18:04):
Oh, that take us all the other stuff.
Speaker 2 (18:05):
Steve Bomber and then Lakers had the king the form
Oh my god.
Speaker 3 (18:09):
Steve Bomber eventually buys them in twenty fourteen for how
much Bomber.
Speaker 2 (18:14):
Bomber bought them for let me guess, like five mill
five bill two billion, and at the time everybody was
like two billion. Oh my goodness, but they were bought
in eighty one for twelve million. That's why give me.
Do you remember if you watched any Lakers documentaries, remember
the Clippers were always sort of like, I mean, their
(18:35):
second fiddle now, but back then they weren't.
Speaker 1 (18:36):
They had no buzz right.
Speaker 3 (18:38):
Celtics were sold back in two thousand and two before
this latest sale. How much in two thousand and two
for the Celtics.
Speaker 2 (18:45):
Two thousand and two, Man, how off could we be
so just? I'm not winning the presses right on this
eighty two.
Speaker 3 (18:53):
Three hundred and sixty million in two thousand and two.
Then they agreed to sell the team last year at
six point one billion.
Speaker 2 (19:00):
Well, if you do a quick Google search today, one
of the true stories that comes up as of seven
hours ago when valuating when when you know, valuing teams
and evaluating all this, the Detroit Lions and their latest
string of success, Yeah, has raised their value two billion
dollars in the last year. The Lions have done so
(19:23):
much think about it. They were like, you know, they
went from nothing to well, the Lions are one that
they got the stadium that's popping. They got Why we're
seeing athletes invest in teams that they have no affiliation
to some money that it doesn't even make sense, Like, yeah,
Tom Brady and the Raiders a ron with the who
and like it really is just their way to make
some cash and flip some money. Now it's working. This
(19:47):
is interesting. The Lakers just sold for twelve and a
half billion dollars today. Big news, the biggest news the
sports franchise that it's currently valued the highest in American sports.
As you can imagine out of the NFL is Cowboys, Cowboys,
what do you think they're currently worth the latest valuation
fifteen million? Yeah, fifteen point five million, So the Cowboys
(20:11):
the Lakers for an NBA team compared to the highest
NFL team, that's a that's a lot of money for
the Lakers because remember we saw that Steff that the
NFL makes more money than all the other sports leagues combined.
So twelve mil. You know, if you're Mark Walter, you
you take that money and run I think, right, I mean, no,
good for him, yeah, Mark Walter Group. But like DANNYG said,
(20:33):
maybe there's more to this story. But either way, he
made his money, flipped it again, bought it for ten
billion in late twenty twenty five, just sold today for
twelve point five billion to Kushner and Iger. And one
has to hope. Dandy G has to hope because he
was bragging a lot about how his Dodgers they yeah,
they they.
Speaker 3 (20:52):
They reinvest they reinvested. In seventeen three, percent of their
profits back into the roster.
Speaker 1 (20:56):
You gotta hope that that's the plan here.
Speaker 3 (20:59):
Yeah, and that they didn't match themselves out getting that
twelve point five billion together.
Speaker 2 (21:03):
Well, Danny, that was the benefit of Mark Walter owning
your team because you felt this weird comfort in that. Well,
if they if they put money back to the Dodgers
and it's the same ownership group, they're gonna do it
the same with the Lakers. But now Disney, former Disney
big wig Bob Iger, as you said, Yeah, maybe maybe
not known as big spenders, but who knows, maybe they are.
Speaker 3 (21:22):
Well check out this is funny. I thought Mark Walter's
comment today. He says calling he called owning the Lakers
one of the greatest honors of my life. It says,
the team belongs to la. How's it one of the
greatest honors of your life? You owned them for a
few months. I thought you were going to say. His
quote was, I'm ranch bitch.
Speaker 1 (21:38):
You know what.
Speaker 2 (21:39):
Here's how I look at it, because you could say
that you and yeah, like it's it's it's more of
a business decision, but it is still a flex right,
Like they think differently. It's like when you watch Golden Collectibles.
That weirdo what's his name, Golden Ken, Golden. You know
they had these things worth so much value, but there's
(22:04):
never the thrill of keeping it. It's always making your
money on it and selling it and saying that you
were the guy that had it that sold it. So
he'll always be the guy that had the labis and
sold them, right, Like, they don't care about the sentimental
value of keeping it even you know, on a lower level,
if you're a businessman, you're really thinking like a businessman.
Rick from Pawn Stars, right, he always wants those items
(22:27):
for his store. It's never for him and his own
you know, property, and to bring it home because he
cares about it is to say that he had it
and sold it and flipped it and made his money.
He's the bragging right is in I had it and
I made my money off of it. I mean, look
at look at what didn't Jason McIntyre from Fox Sports
that he big lead, you know, the ringer, right, You
(22:51):
know that Colin at one point is going to sell
the volume for a time at all without These are
all like it was mine, I built it, and the
plan is always anytime.
Speaker 3 (23:01):
Some Ben Mallard could have sold Benmallard dot com for
three million dollars if it had been ten years later.
Speaker 2 (23:06):
But it's always interesting because the thrill is like, yeah,
you have it, but you only have it to sell it.
Speaker 3 (23:11):
Yeah, look that way you have to start thinking, Look
what Clay Travis did without Kick.
Speaker 2 (23:15):
Exactly, Clay sold OutKick. And you know, interestingly enough, anytime
a nerd, and I said that kindly, I said it
in a nice way. Anytime some smart nerd builds an app,
they're not doing it to be like I want to
be own it. They they are building these apps to
hope that some big tech tech companies like, I'm impressed,
here's eight. So much pride in it, even if it's temporary, right,
(23:38):
because you're that this is what I'm making my money off. Well,
Magic Johnson of the story, Magic Johnson's thrilled saying two
better owners, and that's saying that Iger is a great
guy that's going to bring championships back to LA.
Speaker 3 (23:51):
I don't know if Magic is the most informed dude
on social media.
Speaker 2 (23:54):
Luca said he's ready to build something special with the
new owners in LA. So hey, you know everyone's on
board and just a reminder wealthy people. And by the way,
that's some teams because money. If these guys were the
guys looking to invest in Vegas, that's other opportunity for
other big wigs. So we're going to see probably some
other former athletes and other big important names now being
(24:16):
the names tossed around for the Vegas venture because Krishner
and Iiger were looking to do it in Vegas, So
that means someone else is going to do it now.
Speaker 3 (24:24):
By the way, uh taalka fan says in our YouTube
channel chat, maybe my favorite owner transaction story is when
the Saint Louis group sold the Hawks and they got
a percentage of the NBA television rights.
Speaker 2 (24:38):
I do remember that that's crazy. I do also know
that it's a reminder too, like you have to take
emotion out of everything and whether it be your home,
whether you gotta remember that it's all you gotta make
your money. Man, you gotta remember though, good ownership is important,
but it doesn't automatically mean a win. Look like the
Mets had the worst ownership group in Major League Baseball.
(24:59):
Remember the will p group. They got wrapped up with
all the losing money with who's that guy? Bernie Madoff
and everything. Right, they were miserable, Mets hated him. Sell
the team, Sell the team. They get Steve Cohen, who's
a lifelong Mets fan, is a billionaire, spends all the
money and they still stink. So you, you know, but
better to have a good better to have an owner
(25:19):
that's in it to win it though. But big, big
news and kind of shocking at the same time too.
That's why Danny G's phone was just blowing a while
this morning, because no one expected that came sort of
out of nowhere. Lakers sold for twelve point five billions.
So we'll talk some NFL next. There's there's a team
in the NFL that openly mocked their own quarterback, or
(25:43):
you might not look at it that way. We'll talk
about that next. Plus we got midweek major we'll talk
some Chicago Bears. Something to do with blowouts. We'll get
to all that and more right here. CNR on FSR,
every sports season built on preparation, studying the trends, making
necessary adjustments to reach the ultimate goal. Investing deserves the
same approach, and with WEE Bowl, you have access to
(26:05):
real time market data, advanced tools, and an intuitive app design.
To help you make informed decision.
Speaker 1 (26:09):
Can we just buy sports franchises? Do they do that?
Do they do that? I think we got that money.
Speaker 2 (26:14):
Whether you're actively trading stocks, options, etfc Yeah, that's more
my style. Can we start on a lower level and
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(26:36):
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Speaker 3 (26:59):
I got you. I have a podcast, Empire.
Speaker 5 (27:02):
It continues to grow and I have brought it here
to iHeart. I'm also doing a live radio show from
three to five pm Eastern because.
Speaker 2 (27:10):
My wife wanted to kick me out of the house.
Speaker 5 (27:12):
It's called Stegtson Company Live, which is available in podcast
form right when the show finishes every single day. Some
of the biggest names in sports, a lot of phone.
Speaker 3 (27:23):
Calls, I love you guys, your show, It's one of
my favorites.
Speaker 5 (27:26):
A lot of interaction, guys not taking themselves too seriously.
Those are just some of the things that you can
expect from Stu Gottson Company and Steve Gotson Company Live.
So listen to Steve Gotson Company Live and our will
original podcast. Please subscribe, rate and review Stu Gotson Company
and God Bless Football Taylor's livelihood.
Speaker 3 (27:47):
Depends on it.
Speaker 5 (27:48):
You do it today and you can check all of
those out on the iHeartRadio app, Apple Podcast or wherever
you get your podcasts.
Speaker 2 (28:10):
Making money moves, Record money moves. That's the story. Lakers
sold twelve point five billion and it developed pretty quickly,
incredibly fast, is what they're saying again. Twelve point five
billion to Josh Kushner and Bob Iger, the Mark Walter groups,
(28:33):
what they bought it for ten billion late last year
and made their money. And I think this is gonna
be like a domino effect because of the record breaking
numbers that are being thrown out. They're like, wait a minute.
Businessmen of every you know, major franchise are gonna be like, wait,
you know, maybe we should just cash into make our
money if they're way old. Yes, but I think that
(28:55):
some people like to be in the game because is
only listen, it's an elite club, right. You gotta look
at from that perspective too. There's only thirty two men
or women that own an NFL team, only thirty in baseball,
like like like the Jerry Jones type where there's just
like crazy immense pride about it. I do think a
lot of it is just business like this. But do
you realize how we're talking record numbers? That's really the
(29:18):
headline here, record money. How many rich people would love
the bragging right to say I'm one of those thirty
or thirty two depending on the league that own a team.
I'm the lead stake owner and a team that's that's
like the ultimate rich guy or rich woman bragging, right, Like,
that's not that's not like that's not like oh I
own a summer house. That's I own a team, you know,
(29:38):
it's I have a nice car, Who cares? That's small potatoes.
These are billionaires. Maybe you should not You and I
should like invest in like a cornhole team or something.
Never know, right, you know when we get that Dan
Patrick money, someday, you know, someday, right, we got to
invest in teams.
Speaker 3 (29:54):
The new American Cornhole app.
Speaker 2 (29:56):
Yeah, it's just it's just a way to make your
money nowadays. You know, so the lakers are sold to
me like scratched or not that did it.
Speaker 1 (30:04):
Was something like that, like how could we know retire
early Cornhall?
Speaker 3 (30:08):
I bought it.
Speaker 2 (30:09):
You know, people told them not to spend the money
at the time. Seemed crazy, but yeah, so Cornhole. I
want to remind everybody you could watch what you hear
on the YouTube page. Our bonus podcast over promised. Everything's there.
You can watch the show anytime. But we do it
live and then people are chatting it up live as
we speak. At Covino and rich FSR on YouTube. At
(30:29):
Covino and rich FSR on YouTube. Danny g Ryan and
the Kron has your updates. In two minutes. We'll just
set this up in the meantime. Let you think about
it interestingly enough. Let me ask you a question. If
you were the new owner of a team, what what uh?
What amount of power would you flex on something as
simple as like I like that jersey better than that one,
(30:50):
You know what I'm saying. Like you could be like,
I think we need a new alternate jersey, and here's
what I think it should look like. You really could
do any of those things. You could be like, you
know what, at half court, I think this different Lakers
design would look good. You could do those type of things.
You're the owner of the team. You could say, you
know what, depends how much percentage of a say you have.
(31:14):
I think if you're if you're Bob Eiger, I think
you can make a pretty good case that you could
do anything you want. It's an interesting thought, That's all.
What's up, Ilo, I just want to add.
Speaker 4 (31:24):
The most baller move ever made by a new owner
was ironically someone who's thought of now as one of
the worst owners in sports, Artie Moreno. When he first
bought the Angels in the early two thousands, Literally the
first thing he did at his introductory press conference lower
the beer prices, and he literally whispered to somebody off
(31:45):
to his side, I can do that right, And then
it's like, yeah, you're the owner. Yeah, how far are
they've fallen?
Speaker 2 (31:50):
Did you also hire Danny Glover to manage the team? Oh?
I'm sorry he had I think Tony Danz on the mound,
which is a weird move.
Speaker 1 (31:59):
I'm confusing reality.
Speaker 2 (32:00):
I'm so funny. All right, so we got to set
the story up and then the kron has your updates. Okay,
so NFL rich your favorite thing to talk about? Oh
you know, you know, their social media team is hard
at work promoting training camp and preseason football and all
that stuff. Everyone else follow their teams like social media, pressing,
(32:20):
asking their players dumb questions of course, like how many
jelly beans in this jar? And like, you know, you
see your teammate, your guy's guessing. Well, the Eagles post
this highlight this clip. Oh no, what I saw them?
Do you so this this clip? It's it was viral
like in the last couple of weeks. Besides the obvious,
what would you change about yourself?
Speaker 1 (32:39):
And then like all the players, what do you mean?
But what's the obvious?
Speaker 2 (32:42):
Besides the Then they asked the players as they're coming
out of the tunnel, which is a TikTok trend by
the way, you say something stupid like that to your wife,
besides the obvious, what would you change about yourself?
Speaker 1 (32:50):
What do you mean besides what do you mean?
Speaker 2 (32:52):
Like, what do you mean.
Speaker 1 (32:53):
Besides the obvious?
Speaker 2 (32:54):
But uh yeah, TikTok Instagram, social media teams they have
to they have to be in this. And you know,
like we just said, if he's just part of the game,
if these teams are worth tens of billions of dollars,
they got to hire people to represent on social media.
Speaker 1 (33:09):
For the younger generation, you gotta play the game.
Speaker 2 (33:12):
So they're showing highlights and they're having a scrimmage and
Jalen Hurts throws.
Speaker 3 (33:19):
A pick, a bad one, a bad pick to.
Speaker 2 (33:23):
Quinjon Mitchell, and the caption is this right on queue,
Quinjon Mitchell twenty twenty four, first round pick, number twenty seven,
young player Quinyan Mitchell. I call him quin yam bro
oh you as a boys, Yeah, I've always called him
Simon and I thought you called him big Q. Yeah.
Speaker 1 (33:43):
It was a great play and all right on que
And that was the caption.
Speaker 2 (33:48):
Guys, twenty twenty four, number number one pick for the
hold out of Toledo. But you're boosting this guy out
my sort of sneak this, And is it really a
sneak this if it's your starting quarterback? Jalen hurts? So
all right, well, did you really need to post that?
Speaker 1 (34:05):
Think about that?
Speaker 2 (34:06):
Then we'll why post Jalen getting intercepted just to promote.
Speaker 3 (34:13):
Really happened. It's not like it's Ai.
Speaker 2 (34:15):
You don't I have thoughts. All right, let's go to
the Crown for an update. I lo, what's doing buddy?
Speaker 3 (34:20):
All right?
Speaker 4 (34:21):
Fellas are a top story in d the Los Angeles
Lakers being sold to Josh Kushner and Bob Iger for
a record breaking twelve point five billion dollars, just ten
months after Los Angeles Dodgers owner Mark Walter bought the
team from the Bus family, which would own the Lakers
for forty six years. Other big news in the NBA,
Russell Westbrook announced his retirement today after eighteen seasons. He
(34:42):
made the announcement courtesy of a highly produced social media
video some three and a half minutes long. So that's
why I'm going to spring a pop quiz on Cavino
and ride.
Speaker 1 (34:54):
Oh all right, do it.
Speaker 4 (34:55):
I'm going to play you three brief audio clips, all
of them narrated by Michael B.
Speaker 3 (35:02):
Jordan.
Speaker 4 (35:03):
One of them is from the actual Russell Westbrook retirement
announcement video. The other two are from different projects. A,
B or C. I want you to guess which is
from the Westbrook retirement video.
Speaker 1 (35:15):
Here's A.
Speaker 2 (35:16):
The gym is my laboratory, he says, it's my place
to go out and test unorthodox Wheeze.
Speaker 1 (35:21):
Here's B.
Speaker 2 (35:23):
This wing isn't finished and that's the point.
Speaker 1 (35:27):
And here's C.
Speaker 2 (35:28):
With all those savings in the bank, you might think
he could rest easy.
Speaker 1 (35:33):
A B or C?
Speaker 4 (35:34):
Which one was from the real Russell Westbrook retirement video.
Speaker 2 (35:37):
It's got to be a C.
Speaker 4 (35:40):
Okay, Cavino, you're right, yeah, the music video. You're You're
both wrong. It was actually B. But how can I
play this delicately? Cavino, You were less wrong than rich
because because choice C was' from a national geographic documentary
(36:03):
called Secrets of the Penguins.
Speaker 1 (36:05):
Oh okay, I was close.
Speaker 2 (36:08):
That's so funny, dude.
Speaker 3 (36:09):
Yes. But the other thing we learned Michael B.
Speaker 4 (36:12):
Jordan popular is a narrator now, probably got a good
voiceover agent anyway. In Major League Baseball today, Alec Burls
had had three RBIs. The Cardinals stumped the Phillies seven
to one. Right now, the Tampa Bay Rays an eighth
to four road lead over the Athletics. Top of the ninth.
The Rocky Is a six two lead at Arizona after six.
In San Francisco, the Giants at Astros tied at one
top of the seventh, and after five in San Diego,
(36:32):
the Milwaukee Brewers.
Speaker 1 (36:33):
Up over the Padres two to one. You're a good sports,
good sports guys.
Speaker 2 (36:36):
Back to you, Thank you, Low and cron And by
the way, as you said, the sale of the Lakers.
Josh Kushner forty one years old. His older brother Jared,
as you know, married to Evanka Trump. Right, their family
just has billions and billions of dollars. But they're both
both married to high level people. You know, Carly Kloss
(36:58):
like the he's married to her, So a lot.
Speaker 1 (37:00):
Of a big, big families.
Speaker 2 (37:01):
Speaking of Trump, I mean he knows about owning sports teams.
Remember he owned the Generals. Dude, that is true.
Speaker 3 (37:06):
That is true.
Speaker 2 (37:07):
We'll go to those games. Is good. We're going to
talk about the Eagles. We're going to talk about NFL
all next right here c n R on FSR. I
want to know how you know I'm serious that the
(37:28):
NFL season. Danny J.
Speaker 1 (37:31):
Broke out a highlighter.
Speaker 3 (37:33):
Yeah, it's definitely not you watching NFL programming, watching this weekend.
Speaker 1 (37:38):
I told you Hard Knocks got a binge.
Speaker 3 (37:41):
Just keeps getting worse.
Speaker 2 (37:43):
Bro Covino and Rich, We're destined to be the Wade
Bogs of radio, the most ripped radio shows.
Speaker 1 (37:50):
Is that the goal?
Speaker 2 (37:51):
Yeah? I mean yeah, you see the guys on this network,
they're pretty rap. You keep talking about your peptides and everything.
So it got on to me. I'm scared, yeah, but nervous.
Look at Bogs. Bogs gives hope. So anyway, thank you
guys for hanging out with us live from the Fox
Sports Radio studio. If you miss any of the show today,
remember catch the podcast. There's a best of every day
and the best of the week on Saturdays. Danny G
(38:11):
always hard at work search Covino and Rich and a
quick reminder, not only are we streaming live right now
at Covino and Rich FSR, we're gonna be doing it
live in for DP in for Dan Patrick doing the
hat trick three shows in a row. This coming Monday, Tuesday,
and Wednesday, So wake up with us early seventeenth. Fairly,
are you more of a roper or furly guy? You
(38:34):
could argue both really mean to both great answers. Life
is the best, not knots. You have a roper ropers great,
this is roper too. I like mister she was.
Speaker 1 (38:44):
All horned up? Miss I mean is better?
Speaker 2 (38:47):
Yeah, more a moo moo and still wanted it anyway,
That's just my opinion.
Speaker 1 (38:51):
Anyway, we have lots to get to.
Speaker 2 (38:53):
Just remember next hour, midweek major, the biggest stories in
sports and pop culture.
Speaker 1 (38:57):
And a big NFL story about the Bears.
Speaker 2 (39:00):
Decide are they midweek or major? But the biggest story
of the day is the Lakers sold. Lakers sold. Now
right now we're talking about the Eagles, and I just
think like a like a like a misstep, but a
misstep from like a minion who works in the social
media department, even though what they do is important in
today's world, it's just some social media person. That's the
(39:22):
way I look at it. Is it a bad look?
Is it a bad move? I think so. I don't
think you ever take shots or ever do anything to
make well, what's the number one rule, protect the quarterback.
How are you protecting the quarterback by posting a weak
ass play that he made on social media and just
to highlight someone else That doesn't matter that I don't
know that the the inter team squad scrimmage, if you
(39:45):
didn't know that, the guy that picked him off was
Quinn Mitchell and and it says right on que and
it's Jalen Hurts throwing.
Speaker 3 (39:52):
An interception spelled with a capital que.
Speaker 2 (39:55):
By the way, yeah, right on, right on Q, which
was a play on. But here's my thought is, so
they're highlighting this dude to bring down the stock of
Jalen Hurts. My thought is this you were sort of
alluding to it. I feel like a lot of social
media people that are on a social media team for
a company, now, by.
Speaker 1 (40:16):
The way, is a big time gig in today's world.
That's not my point.
Speaker 2 (40:20):
I'm saying this is a person probably whose specialty is
is the algorithm and how to get people to engage.
I don't think there especially is knowing football. No, their specialty.
You're right, it's probably social media first, NFL second, right,
So they might not realize that you don't post a
picture of the quarterback or a video of the quarterback,
(40:42):
even if it's a camp getting picked and looking bad.
But then again, every other thing we see that's bad
is usually leaked footage, so no one else really does
this because I was thinking, remember, mahomes throw a ball
right at the right at the alignment's helmet, but that
was leaked footage, like from someone. No one's going to
highlight that and say, you know, look at our quarterback
making it stupid play. The Chiefs wore end up posting
it being like, yeah, Patrick's restI you know, like they
(41:04):
weren't doing that, but.
Speaker 1 (41:05):
I look at it this way. Please do not take
this as sexist. You ever see a team, oh man,
here comes something sexist.
Speaker 3 (41:12):
Here we go.
Speaker 1 (41:13):
Drum roll, drumb roll.
Speaker 3 (41:16):
Please.
Speaker 2 (41:17):
You ever see a team that's getting whooped, they're getting demolished,
yet their cheerleaders don't really know what's going on and
they're still like in character like be aggressive and you're
like you're losing by forty, but the cheerleaders are just
doing their job. But if if you don't know the game,
it's kind of like a read the room thing. It's
like a read the room thing. It's like Danny who's
(41:37):
it on the charges that was like first down when
they were losing by twenty Eckler Chargers are Chargers are
losing by like seven touchdowns that he's doing first down.
And I say that respectfully. My wife was a college cheerleader.
We've joked about how, like, you know, some of the
girls are into the game and some are there because
they're just cheerleaders and dancers and't like doing it. But
(41:58):
I find this to be a social media person that
really just doesn't know the rules and probably got a
little slap on the rest if you asked me. All right, Yeah,
so your thoughts on this and more, We get to
you next right here on Fox Sports Radio eight seven,
seven ninety nine on Fox we are Cavino and Rich Yeah, Buddy,
Hosts And Creators
Rich Davis
Steve Covino
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