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Show Notes

PART 1: THE NFL (LINK TO FULL EPISODE)

[00:03:10] - [First question] - Overview of what the NFL is

[00:04:32] - The financial side of the NFL as a business and their biggest points of growth

[00:07:46] - The rough growth rate of the NFL over the past five years

[00:08:23] - General scale of the viewership and audience of the NFL

[00:09:54] - How the NFL is structure and what’s unique about it

[00:14:07] - The media rights profit split

[00:15:43] - Other major differences between the NFL and other major sports leagues

[00:16:40] - The implications of players getting paid a set pool for their team

[00:18:09] - The history of the NFL and its rise to prominence

[00:21:23] - Big milestones and when the NFL became bigger than the MLB

[00:22:48] - Evolution of their media rights and viewership over the decades

[00:24:39] - How their game schedule creates scarcity within football

[00:27:20] - Additional revenue streams at the league level

[00:30:28] - The major contributing factors to the NFL’s costs at the national level

[00:32:03] - What it costs to run an NFL game give or take

[00:33:00] - Other drivers that could move the topline revenue today

PART 2: FORMULA 1 (LINK TO FULL EPISODE)

[00:35:25] - The viewership and fanbase of Formula 1 as it exists today

[00:36:47] - To what he most attributes the massive size of F1’s reach to

[00:38:00] - Overview of the three unique revenue buckets for F1

[00:39:54] - The economics of the racetracks and their promotional revenue

[00:43:54] - Thoughts on expanding the number of races and tracks

[00:46:17] - How F1’s broadcast deals work and how they generate revenue

[00:51:11] - Sponsorship revenue and how they work writ large

[00:53:17] - Partnering with Netflix and opening up drivers on social media

[00:57:49] - The Concord Agreements and why the 2021 agreement was so different

[01:00:05] - What great means for cars, drivers, and teams

[01:04:18] - What will be the most different about F1 in the next five or so years

PART 3: PGA TOUR (LINK TO FULL EPISODE)

[01:07:41] - A basic summary of the PGA tour and its size and scale today

[01:11:23] - Overview of the Tiger tax

[01:13:24] - When the PGA tour was founded and key moments across its history

[01:20:04] - Making the switch from a For-Profit to a Nonprofit organization

[01:20:03] - The business structure of the PGA tour writ large

[01:24:53] - Reasons behind the 72 hole stroke play format

[01:27:09] - How the revenue is paid out and the split across players and operating expenses

[01:30:24] - Why the SGL and PGL tour believe they can disrupt the PGA tour

[01:38:38] - Changing their format would result in nuking their existing business model