DP Show: Darren Rovell
Thu, 24 May 2012|
CNBC's Darren Rovell says the Yankees aren't for sale; discusses the state of horse racing - 5/24
We saw a headline in the New York Daily News. The Yankees could be up for sale soon -- rumor swirling based on banking circles according to sources. You heard the rumors there -- so low what do you think of these. It's totally not true but I mean it is -- there's nothing going on now maybe the banking sources could be. In that over the last year there have been minority partners who have sold small pieces -- -- -- and I -- small and mean 12%. Note that that would be. Large piece with Hal Steinbrenner and the time murders. They're not telling indeed in fact is that Richards hit -- here is that -- times reported on his Twitter feed you know they've set up all these trot. -- ready. So it's not like they have the -- because of the state planning in fact. If they -- they -- such high taxes that it makes it cost prohibitive present itself so I did this story just doesn't have any validity. This is what I heard. That the yes network is in play. That's possible. That's possible now the story talks about the fact that. Because the Dodgers are valued at two billion you know -- and you know the Yankees are looking better. But really the prize is it the networks as we've. And we found out by the Mets when the Mets said that it and why it was not play. Couldn't really get an owner that couldn't get anyone -- -- -- substantive peace. They -- seven minority shares. Twenty million dollars and sixty -- themselves so yes is worth 23 billion dollars by itself. And if that were in play that that could beat. Accurate though I don't think that's the case other. You know I didn't from what I heard this this is five weeks ago four weeks ago that term investment. Companies. Were we're looking at the yes network -- These two good business for the cable TV right now is he is. Is really in the driver's seat especially sports where things are on -- on T Bo bowling league ESPN's president John skipper said. Yesterday that 99. Point 4% of ESPN's programming is watched lie if I mean think about that purses. You know what what my wife watches which is a 100% -- Darren rebel from CNBC sports business reporter what's the financial impact of -- of the of Belmont Stakes with that all have another going for the Triple Crown. Well we have tickets so tickets are gonna go from 89. Year a couple of years ago you wherever we know Kentucky Derby winner. And no preakness winner at the Belmont which is the worst possible -- -- scale obviously. But it could probably go from about 55002. Will be over a 100000. Next Saturday. -- tickets sold out and about three minutes when they put a month jail on Monday morning. So it idiots like nothing or everything and unfortunately they got they got rated a five million dollar bonus that visa used to give it to Triple Crown was done but. You know there's only one way that -- -- -- recently. And that is -- -- and other wins ended races for two more years. It is actually cost prohibitive. For that course to be on the track. Next Saturday. They cannot possibly -- source. For the money that that horse -- -- but if you do like secretary estates and the owner says I hear about the state of the -- about the state everything. And I wanted no matter what the money used for breeding I want to make sure that we're treating is in good shape. Put him out there for a couple more years that could help portrait. What about a horse racing league. There would be interest thing but how -- where you get that from. -- at the -- interest in but but it. It depends on how long courses and can go for it I think you know they they get hurt so often and you know. But I I've never heard that before so it's it's interest. Well here's here's the thing you you make kids. The realities we have people root for a particular horse constant. But you're rooting for an owner a jockey there's a there's a story behind every horse so what you do is you -- you make that a reality show. And the pay off with the reality show is. You get to get into the Kentucky there. That's good -- and I think that's a good idealists and the reality shows are very successful in. You know I I hope -- portrays he need to push they need something. Because you know that -- that the track is the equipment with speed and that the getting away from the track. I mean -- for the Churchill Downs Churchill Downs now generates more revenue. From their gambling business and slots. Then course treating ticket sales which just shows you everything you can go up sport. Money for a let you go we always do this when we look at matchups weathered Stanley Cup final it's it's LA -- New York than where you'll be a ratings blockbuster but maybe and so it's the Devils in their against the kings if we look at the NBA. Best case worst case scenario. Who's gonna watch who's gonna care what -- do what my. And beat Miami and at Oklahoma City is probably the that the best case scenario now. In the end worst case scenario is. Probably the Pacers Spurs. What is it about the Spurs that does it resonate with people. Interesting I have -- -- might show tomorrow. You know the owner of the whispers. Each is seen what they've been labeled as as boring. And I think it's historic for Tim Duncan but so many Ginobili isn't boring or Tony Parker and boring. I just I just think that they speak don't say anything Beattie and there's not a lot of drama this. What we we've reduced this don't know why I you're right from. -- shallow we are as sports fans there's no buzz here they don't say anything stupid there's no controversy. I I I think that the product of the society we live and we look for that type of stuff. Accurate I don't know the question is it. It the way people that we've given them accurate and I'm not really that sure but people will. To doubt where the casual fans who would not be interest in any way is not going to these -- because they've been labeled as you know. Sure what Williams should sponsor it and did -- -- good as watching paint dry. Okay what if the Spurs played in New York or they were the Clippers should they played in Los Angeles as the other team. There'd be. There'd be no chance that they be as quotable -- Yeah I just think it's where they play they're not any that you have to go out of your way to get there to cover them and you add the other things that you know maybe. I don't top to bottom I am I look I I think that they should be praised not buried but it seems like every time you bring up the Spurs people go or. Everything that they do. Usually they they went the last time you watch them. You know in the play I don't watch during the -- -- -- yeah that's spurs' final. Have -- good good good to visit with the is always here and thanks for joining us.