0:05 Did you guys hear about a Texas billionaire who uh he gave money to his son so that he could buy an NHL team? >> Jeez. >> Wow. That's really >> Any NHL team he wants. Huh? >> Well, he's So, he's going to sell a minority ownership stake in the NHL's Carolina Hurricanes to raise funds to complete the purchase of the NBA's Portland Trailblazers. So that that's what he's doing for his son. He's mortgaging against his team so that he could so his son could buy the Trailblazers. >> Oh, so he's trying to buy a >> There's a lot of memes going around right now where it's like I gave my son 40 billion to buy a a sports team. >> So is it 40 billion? But like that's kind of like >> Trailblazers is NHL. >> Four billion. >> No, that's Portland Trailblazers basketball. >> Yeah. >> Okay. So he's >> that's the one that the Panda Express people are now co-owners of. Yeah.
0:55 >> borrowing against an NHL team to buy an NBA team. >> Yeah. He's using the the the NHL team as collateral >> and raising money with that. >> Damn. >> For his son. >> But for for them to buy like a team is kind of like um if a normal parent get them like a desk or something, [laughter] >> right? >> Yeah. Kind of. >> I don't know. >> Or maybe like a car. >> Okay. Or a car. Or what if >> we have something? >> Maybe like a maybe like a pet because this thing is like live and can go Oh yeah, that's true. >> You have to generate income as well, right? >> The sun thing though. I think he's just doing it. >> Wow. Good thing you read ahead. [laughter] >> I went based off of a meme. >> Well, no. Joe was telling me this at lunch and I was like that's crazy. >> They're probably going off also just like minority stakeholder. Like they're they're probably not going to buy the entire franchise, right? Like so it's
1:48 just cool to be like I Yeah, I part partially own that. But the crazy thing is your dad buys you a sports team. >> Like what the ████ That's crazy. But like, yeah, in their world that's like buying a desk for your son so you could ████ do his homework. >> Imagine the other way around though, right? Like your dad's a multi-billionaire, super super rich, and then he buys you a desk and you're like, >> "The f███?" >> Yeah. >> Yeah. Yeah. There's a I I think it's a bad look too if if like a multi in a in a like in a group in a circle of like billionaires. >> You're like, "Bro, you bought me which team?" >> The Trailblazers, >> you know what I mean? >> Why not like something better like the Lakers, >> right? >> They got to move up. They went from like NHL, >> you know, now they're like, "Oh, we'll do this." And their goal really is like a a world football, like a soccer team
2:39 or something like that. Like a whole country maybe. That is true though cuz what if he's like the poor one out of his friends? >> Yeah. >> And they're LIKE YOUR DAD BOUGHT YOU THE TRAILBLAZERS. Like my dad bought me the Knicks. >> Yeah. >> Oh, dude. Imagine the child support in a divorce like that. >> Oh my god. >> Or she where the mom's like we need money. He needs a new sports team this year. >> No joke though. Isn't a lot of women on the Forbes list because of divorce? >> Well, yeah, but we don't say it like that. >> We call it the DeForbs list. ex-wife and yeah, >> they're like >> this cat made all his money on subprime loans. >> Oh, like 0809. >> That's what a scum. >> So, he's like a made what side of subprime loans? Yeah, exactly. >> Yeah, the lender part. >> Oh, damn. So, he's the one who got away with it. >> He did it. He I guess subprime auto
3:29 loans is how he made his his billions. >> Damn. Carvana. Carvana then, dude. >> You know what I mean? That's pretty >> Can't hate on that. Portland Trailblazers though. I don't know if I've heard a lot of love for the Trailblazers. Do it's it's going to be the the highest valuated NBA franchise because it's the most recently sold. >> No, the Lakers. >> Well, no. I'm saying Oh, right. I'm saying I'm sorry. Highest sale, I guess, is like the the terminology. >> Well, the cost of buying it. >> Yeah. >> No, but the Lakers just had the largest evaluation at multi-billions because the person who coins like the Dodgers and everything like that went in to purchase the the Lakers thing. >> This article is wrong. News.NBANBA.com is wrong. >> Dang. They say this marks one of the most expensive deals in league history. I guess one of the Yeah. All right. >> Yeah, that makes sense. >> The Los Angeles Lakers were purchased by Mark Walter, owner of the Dodgers in a record-breaking $10 billion deal finalized in late 2025. >> 10 bill. >> So, this is maybe like a piece for four
4:20 bill, but then it's like, hey, you get 1% for four bill. So, that's what makes it expensive. >> They're doing a lot of that lately. There's a lot of >> selling pieces away. Yeah. >> Because it's like a like it's a company. It's like it's a collection. It's not like one owner. Well, right. Like Tom Brady just bought a chunk of the Raiders, but a small amount, right? Like but he's technically an owner. >> Well, this dude Mark Walter is the majority owner now in the Bus family retains only a minority stake of around 15% of the Lakers. So this guy's like big kahuna >> and he owns the Dodgers too. So that's like this guy runs LA basically. >> I love this guy. >> Let's say you're an owner, right? When you're an owner, how many like what kind of power do you have to call the shots? Do you >> Everything if you're the majority? Yeah. You could fire the GM if they're not doing well. Even though the GM's making the calls on like >> if you're majority owner, you're you're
5:11 gu to do whatever you want. >> Okay. >> Yeah. That's why the Mavs just dumped what's his name? That was beautiful. >> Well, that's why they're getting mad at what's her like what's her face the chick that actually owns >> the Dallas Mavericks cuz she's talking about Yeah. She's talking about giving Trump like $250 million if he runs for a third term. And all the Mass fans are like, "But you couldn't super max out Lucas Contract." Exactly. >> Oh, did I tell you why she did that? >> Yeah. Yeah. Yeah. The casino thing. >> Yeah. >> Yeah. She wanted a Dallas casino and she got pissed. >> Is that an alleged or is it a fact thing? >> It's a thing because Mark Cuban was involved with that, too, apparently. [snorts] [laughter] >> That's all you need to know. >> Sick. But no, uh, but as far as this goes, like I don't know if I don't know, buying a sports team, it just seems like a dunk to me. Like I don't think you can lose anymore with that.
6:01 >> But what if it was like the Hornets? >> Yeah, probably you can lose off that [laughter] >> all time. >> But you could still, like you said, borrow against what you now own, >> dude. 100%. >> You could also turn anything around in any given day, right? Like the Mavs ████ up. Yeah. >> And then somehow got Cooper Flag like the number one draft pick in the lottery of a6% chance of winning. >> Bottom of the league right now. >> Cooper Flag also as a rookie just put up 40 points. Like you know it's it's investing in the future, right? So if you could sell his merch like your merch alone, didn't Bronnie's merch alone like do like half a million dollars which is more than his contract or something like that? >> That's funny >> because it's still just James. >> Yeah. [laughter] >> Yeah. Just a different number. >> Yeah, that's true. James Jr. or whatever the ████ >> Does it have Junior on the on the jersey? >> It I think it does. Yeah. >> Yeah. I just don't think he can lose
6:51 anymore. I remember a couple years ago um Mark Cuban was talking about the NFL and he's talking about how greedy they are about TV contracts and deals and stuff like that and he was saying that pigs get fat and hogs get slaughtered. Basically saying like clock's ticking NFL and they've only killed it since then. So like when is the clock going to run out on that? Because >> 100 years from now, >> right? Cuz right now, if I want to watch NFL, I have to have like four subscriptions to different ████ I got to have Amazon. I got to have Netflix for Christmas. >> NBA's worst, but yes. >> Well, that's what I'm saying. So, so when does the greed ever catch up with these guys? It seems like never cuz we'll take it. >> Which is why I'm very stoked about the new F1 season because all of it's moving to Apple TV. >> Is it really? The whole thing? >> The whole thing. >> Sick, man. >> All Grand Prix will be able to be streamed. My dream is I just can buy a
7:41 Colts package and watch all Colts games on Sundays or like whenever they are and then it'll stream to my TV. It's the Colts package. >> They don't have it team specific. >> Uhhuh. >> Maybe if you regionally live there. >> Yeah, if you live there, you're gu. But even if you live in certain parts of Indiana, they play Bears games instead sometimes. So >> yeah, I don't know. >> You watch Red Zone a lot? You're a Red Zone fan? No, >> I don't like Red Zone. >> You just want to see like the whole game? >> People love [clears throat] it, but I like watching football actually. Like not like highlights. But I respect people who like Red Zone. It's all good. Chilling. >> Sports team. I don't give a ████ >> Which one would you go for? Which go for? >> Yeah. If you could get if you could get one. >> Well, I mean, obviously like Lakers is like my favorite team, but like that's it's the highest most valued franchise. There's never a chance I'm ever going to Michael Magic Johnson had like maybe 1% or something like that. He's ████
8:31 Magic Johnson. So, I got to start small. I got to go somewhere like uh >> Hornets. >> The Hornets. Or you could have like >> I got to go like G-League. I got to go GL. >> I think it'd be fun to own the Hornets, dude. >> It's at that point when you're that rich. Is it like is it because you're a fan or is it a flex? >> I I feel like it's >> Have you ever seen the show Billions? >> Yeah, >> I know what you're talking about. >> Billions for Axe Capital. Like one of the guy the main guy's dreams is to own a sports team. >> I forgot if it was football or basketball, whatever. But once he finally has the money to do it and he tries, they just simply don't let him in because he's not one of them. And it's pretty freaking sick. I wonder if that's true where it's like the guys with the money to buy it, they just won't let them have one. >> So cat named Dan Snyder, right? Dan Snyder >> made his money a bunch of he's like a venture capitalist or whatever. He did a
9:21 bunch of different stuff, investing, but he owned the Washington Redskins, which he was as a childhood boy, he that was his favorite team. And so he grew up owned the Redskins. And then there was there's been a bunch of scandals over the years, a bunch of different stuff. Is this the guy who the ladies all I'm Mr. Snider's right-hand man? I'm his little bunny. I'm a silly rabbit. Is that her? >> I don't know. >> Is that Snyder? Am I >> Well, there's a lot of messed up stuff that happened with Snider. So, >> I kept thinking, >> but he used to hate it when anybody called him Dan. >> Oh, >> like he's like, you know, call me Mr. Snyder. Like kind of one of those ████ right? So, he had a reputation around the league. And then one day there was a massive scandal about the cheerleaders and how he was basically whoring them out or something. >> [snorts] >> Yeah. And and like pimping them out to business people. And then that blew up all over the NFL. And actually, credit to me, the Colts uh owner Jim Ers, Jim
10:13 Ersce, he called out Dan Snder to the media and basically said he should be kicked out of the league. And he was. So like eventually, you know, if you're not following league practices and best practices and procedures, they can jettison you from it. >> I want to know where the credit to you part comes into play. >> Oh, I'm a Colts fan. >> Oh, okay. sick. >> So, yeah, credit to me on on on my owner being sick. >> Like, credit to me, the owner did this. [laughter] >> Listen, one of the only things I hear as a Colts fan is usually, "F███ you from Patriots fans." Or number two, from anybody who ever is a Commander fan, Redskins fan. They go, "Dude, thanks to your owner, like we got rid of of Dan Snder because everyone hates Dan Snder." Like, especially the Redskins fan. So, but yeah. No, it is a big club. >> Oh, no. I'm thinking Donald Sterling. My bad. >> Okay. But it is a big club though. And they don't have to approve you. Like you can >> So a bunch of years ago, Rush Limbaugh,
11:05 he was like a conservative commentator guy. He tried to buy the Rams >> and the NFL just wouldn't let him. >> That's crazy. >> Why was he too fat? >> I think they were like, "He's too fat." Yeah, >> I think that's what they said. [laughter] >> But they could just fatt >> they could just decide that they don't want the heat of having like a political person owning a team and just nah, thanks. >> Yeah, like in Billings, they just didn't they didn't like the way he made his money. Who was like the I guess the billionaire boys club >> in that movie that was like you can't come in. >> He's just not part of anyone's network. I think like they were I think they just when he tried to do it they were just like kind of like laughing at him and he was like what the like what and they're like you just can't >> like even when even when Mark Walter uh made the bid to purchase the majority stake with the Lakers that had to be approved by the NBA commission like the
11:55 full board. It was the other owners of other teams too. They were just like you're not you're just not a part of this. Sorry. >> It's freaking pretty savage >> club man. It's it's an interesting >> you know billions was good at like reflecting what really happens in like finance at that level. So it's a pretty >> ████ what if what if like um the he he has like almost a trillion dollars and he just pays all the every like committee person like do you mean like 10 million each? >> Yeah. Lobbying works. I don't know though because it's like a Birkin bag, bro. Like >> it's like they just sometimes don't want you to have one >> at that point. It's more valuable that they like hold the line, >> right? >> Cuz it's more valuable >> cuz that's for generations. Yeah. >> You'll figure it out. >> I think it' be cooch. I mean, Elon just hit 600 billy. >> 600 billion. >> Isn't that crazy? >> Yeah. >> Wait, what is it? 600 billion. >> Elon just hit 600 billion.
12:45 >> Oh ████ The next highest is like 260 billion or something like that. Yeah. >> So, we're talking riches in the world by like 2.5. >> That's crazy. >> Empire >> on [snorts] track to hit a trillion. >> And people thought Twitter was about to die. Oh my god. >> And people were like, "You should just give a million dollars to everybody and they will end the world hunger problem." It's like, what? >> Do the math, dude. Good luck with that. >> I mean, I don't think he has it in his bank account. Like, they think [laughter] they have >> No. No, Joe. He has it. >> Every time I say that, I get so much hate for it. >> No. People just really can't grasp liquid. Like >> they [clears throat] aren't they aren't they don't have $600 million in their bank, bro. They're worth that much. It's different. >> Yeah. >> Like Ryan is worth 12 billion. >> I have 12 billion in the act my checking >> at Washington. >> What was the actual estimate like estimate? >> I think it was 19 million.
13:35 >> It was 19 million, right? >> So that's like someone sees that and and goes, "Well, you were I don't know how you were about >> 19 million in his bank account." No, I have that
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