Mike Schur

And they have a split intention, right?

One intention, you would think if you own the Dallas Cowboys or the Pittsburgh Pirates, your goal is to win a championship and hoist a trophy.

That's not really their goal.

Their goal is to maximize franchise value

That's the side of them that's virulent capitalist.

And then the side of them that is collective is like, let's protect ourselves from the world by getting non-compete clauses and antitrust exemptions and keeping away all of the vultures who... And part of that is imposing limits on themselves of how much money they can spend.

And it is the rare Steve Ballmer superfan where the side of him that is a fan and wants to win...

Kind of goes rogue and overrules the socialist collective side of him and is like, I don't care if these are the rules.

I want to win a trophy.

And this thing, this sort of like dark crystal ball, again, that I'm looking into, it makes me think that we are in this twilight of the fan.

Because they, private equity firms and hedge funds and those institutions...

Man, they are motivated entirely and exclusively by the green arrow.

That's it.

Is the asset improving year after year?

It's not, are the fans mad at us?

No.

Did we win a title?

And it makes me go back to...

the country that we've been exploring here today, which is England.

Because I look back, Joe, at April of 2021, when there was this idea to both replace and or disrupt the Champions League, because 12 of Europe's biggest soccer teams decided, we're going to form a super league.