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Slate Money

The Sports Week Edition

Slate Money

Slate Podcasts

Business, Investing

4.11.1K Ratings

🗓️ 16 July 2016

⏱️ 49 minutes

🧾️ Download transcript

Summary

On this episode of Slate Money, hosts Felix Salmon of Fusion, Cathy O’Neil of mathbabe.org, and Slate’s Moneybox columnist Jordan Weissmann.

Topics discussed on today’s show include:

-Why the UFC sold for 4 billion dollars

-NBA salary cap, ode to unions 

-Will Rio survive the Olympics?

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Transcript

Click on a timestamp to play from that location

0:00.0

The following podcast contains explicit language.

0:07.6

Hello!

0:09.6

And welcome to the Sports Week edition of Slate Money, your guide to the Business and Finance News of the Week.

0:19.4

And this week, I'm not quite sure why. It's probably

0:22.8

just happenstance. There's been a lot of sporting news. And to try and, what's the word,

0:31.2

distract us from the utterly terrible everything that is going on everywhere in the world right now,

0:37.6

we've decided we're just going to talk about sports this week because it's going to be a

0:42.2

happy edition of Slate Money, three different types of sports in particular, which we're

0:50.4

going to talk to, or we, of course, being Jordan Weissman, the sports-obsessed moneybox columnist at Slate.

0:57.9

I don't know if this is going to be a happy episode, Felix.

1:15.2

We're going to talk, it's perhaps a lighter episode. A lighter episode. A lighter. A lighter. We are not relative. And Kathy O'Neill, the blogger at mathbabe.org, and a data scientist, who is also, we have learned in previous episodes, a bit of a sports fan.

1:19.7

I am. I am a huge sports fan. Although I have limits, and we'll learn about those soon.

1:27.8

So what I thought we would do this week, because I'm incredibly organized this week. We don't just throw this show together. No.

1:28.3

Is split sports into two big buckets, which are amateur and professional.

1:33.9

And we're going to talk about the greatest amateur sports festival in the world,

1:39.1

aka the Olympics, which is, of course, rather less amateur than it used to be.

1:42.9

Sort of amateur, half amateur.

1:45.2

Previously amateur, formerly amateur.

1:47.5

And then we are going to talk about professional sports as well, which are dominated by

1:51.8

labor in the form of the NBA, where the powerful players union is managing to bring

1:59.9

vast sums of money to the people who run up and down the court.

2:03.8

And we are going to talk Kathy about professional sports which are dominated by capital in the form of the UFC, which is a sport which I have to admit I was only vaguely aware of up until the point at which it was sold for how much?

...

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