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Freakonomics Radio

640. Why Governments Are Betting Big on Sports

Freakonomics Radio

Freakonomics Radio + Stitcher

Documentary, Society & Culture

4.632K Ratings

🗓️ 11 July 2025

⏱️ 50 minutes

🧾️ Download transcript

Summary

The Gulf States and China are spending billions to build stadiums and buy up teams — but what are they really buying? And can an entrepreneur from Cincinnati make his own billions by bringing baseball to Dubai?

Transcript

Click on a timestamp to play from that location

0:00.0

You could easily spend a lifetime or a hundred lifetimes simply observing the flow of goods and services and people from one part of the world to another.

0:13.8

We've touched on this in a few recent episodes. One was about global commodity traders. That was episode 633. The other was an interview with

0:21.8

a Federal Reserve Bank president about how tariffs will affect the U.S. economy. That was episode

0:27.1

634. Global trade is endlessly fascinating, in part because it is endlessly changing.

0:34.6

And one of the most interesting trade sectors at this moment involves not just

0:39.2

economics, but politics, cultural identity, and much more. This is a business that usually revolves

0:45.9

around some kind of a ball. It's not just about bringing a basketball game. There are

0:52.3

longer-term visions and plans.

0:54.9

In China, there are thousands, if not hundreds of thousands, if not millions of Premier League

0:58.9

soccer fans. It's an opportunity to export America's pastime.

1:04.2

Today on Freakonomics Radio, how Gulf State petrodollars are reshaping sports in America and Europe,

1:12.5

why China is building soccer stadiums in Ivory Coast, and whether Dubai is ready for baseball.

1:18.3

We built this in the middle of the freaking desert.

1:20.3

Like, it was all dust and dirt.

1:22.3

From dust and dirt to millions and billions.

1:25.4

Hopefully, at least, that starts now.

1:38.8

This is Freakonomics Radio,

1:41.2

the podcast that explores the hidden side of everything,

1:46.1

with your host, Stephen Dubner.

2:00.7

Hey, Stephen, sorry we're late. Dubai traffic is insane. No parking. It was nuts. No worries. I appreciate you're making time while you're working in Dubai. When you're back home in the States, where do you live?

2:06.3

I live in Cincinnati, Ohio, the birthplace of baseball.

2:11.2

Cincinnati did have the first professional baseball team, but it's not really the birthplace of baseball.

...

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