Ben Gilbert: belief

Transcript context

…No doubt. He’ll win another championship or two and hang it up. Lebron full time focused on Lebron and his businesses, watch out. Every successful generation we’ve seen this. Jordan did it best. But then Kobe, Shaq, these guys post retirement, Charles Barkley, they’re building their presence. But Lebron, Steph, these guys, when they retire, social media native, they’re going to take it up to a whole nother level. I think that’s the right take. I think the last thing I would say is, based on valuations, a lot of this stuff has to go right in order to justify some of the prices that these owners have paid. If you look at the average MLB price of a team, it’s about 5½X their revenue. The NFL has a premium to that and it’s about 6⅓. The NBA ranges anywhere from 7–14 times their revenue for the price of a team. I would say the owners are as bullish as you are, David, on the future of the league and of owning these assets. A+ is a little baked in at this point. Yeah. That’s interesting. In and of itself is the A+ already priced in. Man, you need a lot more than that to get a real A+.…

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