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Nick Martell

👤 Speaker
28394 total appearances
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Appearances Over Time

Podcast Appearances

The Best One Yet
🚽 “Houston, we’re rich” — SpaceX’s janitor millionaires. Greed World Cup. Pizza Hut’s 1996-ification. +The M.A.N.G.O.S.

Despite the high prices, reselling is still rampant for this World Cup.

The Best One Yet
🚽 “Houston, we’re rich” — SpaceX’s janitor millionaires. Greed World Cup. Pizza Hut’s 1996-ification. +The M.A.N.G.O.S.

And FIFA only lets it happen on their official platform, where they take a 30% fee.

The Best One Yet
🚽 “Houston, we’re rich” — SpaceX’s janitor millionaires. Greed World Cup. Pizza Hut’s 1996-ification. +The M.A.N.G.O.S.

A fee fee.

The Best One Yet
🚽 “Houston, we’re rich” — SpaceX’s janitor millionaires. Greed World Cup. Pizza Hut’s 1996-ification. +The M.A.N.G.O.S.

Jack, could you sprinkle on even more context for us on FIFA?

The Best One Yet
🚽 “Houston, we’re rich” — SpaceX’s janitor millionaires. Greed World Cup. Pizza Hut’s 1996-ification. +The M.A.N.G.O.S.

FIFA is corrupt.

The Best One Yet
🚽 “Houston, we’re rich” — SpaceX’s janitor millionaires. Greed World Cup. Pizza Hut’s 1996-ification. +The M.A.N.G.O.S.

It's not just Nick and I saying that.

The Best One Yet
🚽 “Houston, we’re rich” — SpaceX’s janitor millionaires. Greed World Cup. Pizza Hut’s 1996-ification. +The M.A.N.G.O.S.

It's the FBI saying that.

The Best One Yet
🚽 “Houston, we’re rich” — SpaceX’s janitor millionaires. Greed World Cup. Pizza Hut’s 1996-ification. +The M.A.N.G.O.S.

Because in 2015, the FBI indicted nine FIFA officials for racketeering conspiracy and corruption.

The Best One Yet
🚽 “Houston, we’re rich” — SpaceX’s janitor millionaires. Greed World Cup. Pizza Hut’s 1996-ification. +The M.A.N.G.O.S.

But last year, the White House paused enforcement of America's anti-bribery laws, which was basically a wink-wink to FIFA to go ahead and do your bribery stuff this World Cup.

The Best One Yet
🚽 “Houston, we’re rich” — SpaceX’s janitor millionaires. Greed World Cup. Pizza Hut’s 1996-ification. +The M.A.N.G.O.S.

So now FIFA stands to make $9 billion in profit on these games, and they say they're going to put it into promoting soccer across the globe.

The Best One Yet
🚽 “Houston, we’re rich” — SpaceX’s janitor millionaires. Greed World Cup. Pizza Hut’s 1996-ification. +The M.A.N.G.O.S.

But FIFA bribes like Neymar flops.

The Best One Yet
🚽 “Houston, we’re rich” — SpaceX’s janitor millionaires. Greed World Cup. Pizza Hut’s 1996-ification. +The M.A.N.G.O.S.

We promise we will pivot from ticket price frustration to soccer excitement.

The Best One Yet
🚽 “Houston, we’re rich” — SpaceX’s janitor millionaires. Greed World Cup. Pizza Hut’s 1996-ification. +The M.A.N.G.O.S.

But first, Jack, can you whip up our takeaway?

The Best One Yet
🚽 “Houston, we’re rich” — SpaceX’s janitor millionaires. Greed World Cup. Pizza Hut’s 1996-ification. +The M.A.N.G.O.S.

You can't beat scalpers by becoming them.

The Best One Yet
🚽 “Houston, we’re rich” — SpaceX’s janitor millionaires. Greed World Cup. Pizza Hut’s 1996-ification. +The M.A.N.G.O.S.

Vasties, FIFA set ticket prices extraordinarily high for a reason that we actually agree with.

The Best One Yet
🚽 “Houston, we’re rich” — SpaceX’s janitor millionaires. Greed World Cup. Pizza Hut’s 1996-ification. +The M.A.N.G.O.S.

It was to beat ticket scalpers.

The Best One Yet
🚽 “Houston, we’re rich” — SpaceX’s janitor millionaires. Greed World Cup. Pizza Hut’s 1996-ification. +The M.A.N.G.O.S.

Sophisticated scalpers these days use bots to buy up all the tickets online before real humans can, and then they resell them for a profit.

The Best One Yet
🚽 “Houston, we’re rich” — SpaceX’s janitor millionaires. Greed World Cup. Pizza Hut’s 1996-ification. +The M.A.N.G.O.S.

They take a bunch of revenue and have nothing to do with the performance.

The Best One Yet
🚽 “Houston, we’re rich” — SpaceX’s janitor millionaires. Greed World Cup. Pizza Hut’s 1996-ification. +The M.A.N.G.O.S.

So if FIFA sold soccer tickets at an everyman price, scalpers would just jack up that price, which would be bad for FIFA and bad for us.

The Best One Yet
🚽 “Houston, we’re rich” — SpaceX’s janitor millionaires. Greed World Cup. Pizza Hut’s 1996-ification. +The M.A.N.G.O.S.

So this World Cup, FIFA tried to predict what prices would resell for if scalpers got their hands on them and then just made it that price in the primary market.