WEBVTT
1
00:00:00.195 --> 00:00:01.445
This is off track.
2
00:00:02.815 --> 00:00:05.485
Hello and welcome everybody to Off Track with Hinch
3
00:00:05.505 --> 00:00:06.805
and Rossi on a Tuesday.
4
00:00:07.185 --> 00:00:09.285
Uh, very, very rare occurrence
5
00:00:09.285 --> 00:00:11.765
to have us both here on a Tuesday, but it's for good reason.
6
00:00:12.185 --> 00:00:14.725
Uh, and that's 'cause we have a very special guest as our,
7
00:00:15.505 --> 00:00:16.925
uh, guest on the show today.
8
00:00:17.705 --> 00:00:20.325
Please welcome Mark Miles to the show.
9
00:00:20.355 --> 00:00:21.645
Mark, thanks so much for joining us.
10
00:00:21.985 --> 00:00:25.135
Thanks. It's, uh, I think it's been a few years,
11
00:00:25.455 --> 00:00:27.815
since we did this, so it's, it's a pleasure.
12
00:00:27.815 --> 00:00:29.375
We got a lot to talk about. Yeah.
13
00:00:29.375 --> 00:00:30.415
Quite surprising, quite weak, right?
14
00:00:30.415 --> 00:00:31.495
Surprising that, uh,
15
00:00:31.685 --> 00:00:33.855
that a couple years on this thing still
16
00:00:33.855 --> 00:00:35.135
exists, if I'm honest with you.
17
00:00:35.595 --> 00:00:39.855
Um, so, uh, happy, happy to be here to have you.
18
00:00:40.395 --> 00:00:43.695
Um, but yeah, as James said, big week, why don't you walk us
19
00:00:43.695 --> 00:00:45.775
through, uh, what you've been up to.
20
00:00:46.165 --> 00:00:49.375
Well, in, in a way, you know, these things end up being
21
00:00:50.195 --> 00:00:52.575
almost an climactic, which is it,
22
00:00:52.575 --> 00:00:54.655
it was such an important event that, that it's a little bit
23
00:00:54.655 --> 00:00:57.615
of an oxymoron to say that, but I say it
24
00:00:57.615 --> 00:01:01.395
because this has been a conversation really for months.
25
00:01:02.315 --> 00:01:05.015
And to my recollection, probably all
26
00:01:05.015 --> 00:01:07.135
of us involved have slightly different skews.
27
00:01:07.275 --> 00:01:11.695
But, um, I remember Eric Shanks saying to me a couple times,
28
00:01:12.305 --> 00:01:14.975
right when we were beginning the broadcast relationship,
29
00:01:15.435 --> 00:01:18.775
Hey, you know, the Murdoch companies have a
30
00:01:18.775 --> 00:01:20.095
pretty hefty balance sheet.
31
00:01:20.095 --> 00:01:21.135
They got a lot of cash.
32
00:01:21.165 --> 00:01:22.415
There's a lot of that cash
33
00:01:22.725 --> 00:01:25.895
because they're, they wanna be opportunistic at
34
00:01:25.895 --> 00:01:27.135
looking at acquisitions.
35
00:01:27.755 --> 00:01:29.975
To be frank, it didn't cross my mind that
36
00:01:29.975 --> 00:01:32.415
that might be a conversation starter for us.
37
00:01:33.355 --> 00:01:37.455
And then much more recently, several weeks ago, uh,
38
00:01:37.635 --> 00:01:41.255
it became that what about would you guys be open to?
39
00:01:42.035 --> 00:01:45.175
And really, uh, in a sense it was kind of out of the blue.
40
00:01:45.455 --> 00:01:47.215
'cause I, it's been said Roger,
41
00:01:47.435 --> 00:01:50.215
and we were not looking for investors.
42
00:01:50.585 --> 00:01:52.255
Roger doesn't need capital.
43
00:01:53.245 --> 00:01:57.705
And, um, you know, so it just, it just wasn't top of mind.
44
00:01:58.885 --> 00:02:00.985
But very quickly it became, well,
45
00:02:00.985 --> 00:02:03.225
this is an interesting idea, not
46
00:02:03.225 --> 00:02:06.425
because of the, the sale of the stock,
47
00:02:06.755 --> 00:02:08.825
which I can explain if you guys care about it more
48
00:02:08.825 --> 00:02:10.305
technically, but
49
00:02:10.305 --> 00:02:12.705
because they're just such a great strategic partner.
50
00:02:13.485 --> 00:02:17.915
So for us it was important that, um, well,
51
00:02:17.915 --> 00:02:20.555
I should back up in, in short order.
52
00:02:21.185 --> 00:02:23.435
They gained the trust of Roger Penske
53
00:02:23.775 --> 00:02:26.315
and all of us as great partners for reasons
54
00:02:26.315 --> 00:02:27.595
that you guys are nodding your heads
55
00:02:27.655 --> 00:02:29.355
or pretty obvious, right?
56
00:02:29.465 --> 00:02:32.595
They Right. Always under promised Overdelivered,
57
00:02:33.025 --> 00:02:35.795
they took initiative and didn't even ask like those spots
58
00:02:35.865 --> 00:02:38.275
that we all saw kind of at the end of football season.
59
00:02:38.705 --> 00:02:41.115
They just did 'em and they were fabulous
60
00:02:41.255 --> 00:02:44.275
and they spent a lot of money on things that, um,
61
00:02:44.785 --> 00:02:48.645
they didn't have to do, but sort of beginning
62
00:02:48.645 --> 00:02:50.405
to build this bridge of trust
63
00:02:50.515 --> 00:02:52.165
that they really care about the property.
64
00:02:52.165 --> 00:02:56.125
Everybody knew that Eric Shanks cares about, uh, racing in,
65
00:02:56.145 --> 00:03:01.085
in IndyCar, in are Agile and,
66
00:03:01.465 --> 00:03:05.725
and put money behind their thoughts to kind of help us grow,
67
00:03:05.745 --> 00:03:09.645
but also in retrospect to show us that they take initiative
68
00:03:09.665 --> 00:03:10.805
and they can make an impact.
69
00:03:10.985 --> 00:03:13.845
So in short order, the benefits of the strategy
70
00:03:13.865 --> 00:03:15.645
to us beca were, were obvious.
71
00:03:16.625 --> 00:03:19.485
It didn't take a long conversation to work out kind
72
00:03:19.485 --> 00:03:22.845
of the economics of the pricing of the stock,
73
00:03:23.335 --> 00:03:28.085
which was Penske Corp stock sold to, uh, to, to Fox.
74
00:03:28.905 --> 00:03:31.045
Um, and then there's the separate piece,
75
00:03:31.045 --> 00:03:32.205
which frankly took the longest
76
00:03:32.205 --> 00:03:36.885
because one thing is to bring in a minority investor
77
00:03:36.885 --> 00:03:38.565
that has equity in the company.
78
00:03:39.075 --> 00:03:41.605
Another thing is how do you handle the media rights?
79
00:03:42.105 --> 00:03:44.165
And you, you'll probably wanna talk about that more,
80
00:03:44.265 --> 00:03:47.965
but that's always been a separate conversation related,
81
00:03:48.145 --> 00:03:49.325
but separate conversation
82
00:03:49.865 --> 00:03:52.005
and a separate media licensing agreement.
83
00:03:52.105 --> 00:03:56.565
And that was the thing that, uh, sort of took the longest
84
00:03:56.665 --> 00:03:58.485
to work through and finalize. Before we
85
00:03:58.485 --> 00:03:59.605
Get going, I just wanna know
86
00:03:59.605 --> 00:04:02.325
before we get into, into the details of, of that
87
00:04:02.545 --> 00:04:06.325
and then also what it means for the future of the sport.
88
00:04:06.595 --> 00:04:10.885
Like, you, you, you, right off the bat it was RP and,
89
00:04:10.985 --> 00:04:12.045
and you and,
90
00:04:12.265 --> 00:04:15.845
and all of Penske Corp wasn't really interested in a partner
91
00:04:15.955 --> 00:04:18.285
they weren't interested in, in a sale per se.
92
00:04:18.785 --> 00:04:20.805
And then these conversations started happening.
93
00:04:20.945 --> 00:04:25.485
Was there a catalyst that that kind of made that door open?
94
00:04:26.345 --> 00:04:29.205
Or, or how did that come to be something that, oh, we're not
95
00:04:29.205 --> 00:04:32.445
that interested to, oh, this is what we'd love to do and,
96
00:04:32.445 --> 00:04:33.525
and we're gonna do going forward?
97
00:04:33.945 --> 00:04:35.845
It was really simple. We, it wasn't
98
00:04:35.845 --> 00:04:38.085
that we were not interested in their,
99
00:04:38.665 --> 00:04:40.245
in the conversation they began.
100
00:04:40.665 --> 00:04:43.645
It was that we just weren't generally looking at all to,
101
00:04:43.825 --> 00:04:45.805
to sell equity in the company.
102
00:04:46.425 --> 00:04:50.485
The catalyst was Eric Shank saying, Hey, we'd like to talk
103
00:04:50.485 --> 00:04:52.245
to you about investing in the company,
104
00:04:53.245 --> 00:04:56.425
and you probably understand their rationale,
105
00:04:56.485 --> 00:04:59.265
but it, it was easy for them to articulate
106
00:04:59.725 --> 00:05:03.785
and very quickly we were like, that's an interesting idea.
107
00:05:04.165 --> 00:05:06.985
So there wasn't any other cause Right.
108
00:05:07.405 --> 00:05:10.545
It wasn't that he had to have the money at Penske Corp
109
00:05:11.045 --> 00:05:12.745
or Capital, um,
110
00:05:13.365 --> 00:05:15.185
we just thought they'd make outstanding partners.
111
00:05:15.215 --> 00:05:18.385
Mark, I have $23 set aside for investments.
112
00:05:18.385 --> 00:05:20.825
It's earmarked. I need a couple days to free it up.
113
00:05:20.825 --> 00:05:21.825
Can I get in on this?
114
00:05:22.895 --> 00:05:24.785
Well, you won't be able to get registered stock.
115
00:05:24.785 --> 00:05:26.625
You'd have to buy it through me. Okay.
116
00:05:26.885 --> 00:05:29.905
I'm willing to have a little side hustle here and, uh,
117
00:05:30.695 --> 00:05:32.355
but I, I don't think the, the, uh,
118
00:05:32.495 --> 00:05:34.635
the entry price is 23 bucks, mate.
119
00:05:34.825 --> 00:05:36.755
Okay. It's gonna take a couple days for me
120
00:05:36.755 --> 00:05:39.195
to move some things around to get that 23 freed up,
121
00:05:39.335 --> 00:05:40.675
but we'll talk, we'll talk,
122
00:05:41.065 --> 00:05:41.635
Okay. Fair.
123
00:05:41.635 --> 00:05:42.955
Yeah. We'll, we'll make sure you guys get,
124
00:05:43.095 --> 00:05:44.515
get connected offline.
125
00:05:44.975 --> 00:05:47.795
Um, so, so Mark, so you kind of mentioned it,
126
00:05:47.855 --> 00:05:50.075
but you said that this was actually
127
00:05:50.615 --> 00:05:54.145
an acquisition into Penske Corp or No,
128
00:05:55.165 --> 00:05:57.405
No, I didn't, I didn't mean to say that a hundred percent
129
00:05:57.405 --> 00:05:59.965
of the stock of the company, Penske Entertainment Company,
130
00:06:00.385 --> 00:06:02.005
had been owned by Penske Corp.
131
00:06:02.295 --> 00:06:06.765
Right, okay.
So, um, they bought a third
132
00:06:06.785 --> 00:06:08.445
of the stock in Penske Corp.
133
00:06:09.265 --> 00:06:12.245
I'm sorry, in Penske Entertainment from Penske
134
00:06:12.325 --> 00:06:13.325
Corp.
135
00:06:13.325 --> 00:06:15.205
Right, okay. And Penske Entertainment includes both the
136
00:06:15.365 --> 00:06:16.405
series and the Speedway.
137
00:06:16.675 --> 00:06:17.885
Yeah. And IMSP.
138
00:06:18.155 --> 00:06:19.805
Exactly.
Right, right, right.
139
00:06:20.465 --> 00:06:23.675
So do you know what, because
140
00:06:23.675 --> 00:06:26.355
because it had been so kind of public, you know, it,
141
00:06:26.355 --> 00:06:27.955
there had been articles written about how
142
00:06:28.505 --> 00:06:29.835
IndyCar wasn't looking for an investment,
143
00:06:29.835 --> 00:06:30.915
they weren't looking for partners.
144
00:06:31.735 --> 00:06:33.195
Do you know, from from Fox
145
00:06:33.195 --> 00:06:37.705
and from Eric Shanks side, what kind of motivated him
146
00:06:37.705 --> 00:06:38.865
to even broach the subject?
147
00:06:39.145 --> 00:06:41.185
I mean, yeah, fine, he said they had some, you know,
148
00:06:41.185 --> 00:06:42.905
some capital they were looking at, you know,
149
00:06:42.905 --> 00:06:44.185
different acquisition opportunities,
150
00:06:44.405 --> 00:06:47.265
but it had been very publicly discussed
151
00:06:47.265 --> 00:06:48.545
that this was not really something
152
00:06:48.545 --> 00:06:49.665
IndyCar was interested in.
153
00:06:49.965 --> 00:06:51.385
So do you know what kind of made him
154
00:06:52.935 --> 00:06:54.365
bring up the idea in the first place?
155
00:06:54.985 --> 00:06:57.365
No, I don't know that there was, if there was one kind
156
00:06:57.365 --> 00:07:00.445
of precipitating factor for, for Eric
157
00:07:00.665 --> 00:07:03.765
or Fox, I, you know, they'd spent months getting to know us.
158
00:07:04.575 --> 00:07:06.395
Um, I guess it's good news, bad news.
159
00:07:06.505 --> 00:07:08.275
They clearly think there's a big upside
160
00:07:08.915 --> 00:07:11.475
and they want, They wanna be part of
161
00:07:11.475 --> 00:07:13.675
that ride as an investor.
162
00:07:13.815 --> 00:07:15.355
So that, that's that.
163
00:07:16.175 --> 00:07:19.235
And I think that they trust us as we trust them
164
00:07:20.015 --> 00:07:23.115
and they think they can add some real value as these kind
165
00:07:23.115 --> 00:07:26.235
of strategic partners that bring ideas, uh,
166
00:07:26.655 --> 00:07:28.555
and initiatives for growth to the table.
167
00:07:28.815 --> 00:07:33.575
So, you know, I I do remember when it first came up,
168
00:07:33.595 --> 00:07:34.815
it was kinda sheepish, .
169
00:07:36.135 --> 00:07:40.695
'cause I'm sure they, they didn't in any way wanna somehow
170
00:07:41.205 --> 00:07:43.855
risk offense or, uh,
171
00:07:44.845 --> 00:07:48.585
or any unintended consequence from floating the idea.
172
00:07:49.245 --> 00:07:50.545
And it was very casual.
173
00:07:51.485 --> 00:07:53.265
You know, what if,
174
00:07:53.485 --> 00:07:57.265
is there any chance you guys would be open to, so again,
175
00:07:57.715 --> 00:07:59.585
there was no lightning bolt for anybody.
176
00:07:59.885 --> 00:08:02.225
It, it was the evolution
177
00:08:02.245 --> 00:08:05.025
and the development of the relationship and the trust
178
00:08:05.085 --> 00:08:07.025
and the, our admiration for them
179
00:08:07.805 --> 00:08:09.425
and them seeing an opportunity
180
00:08:09.525 --> 00:08:13.345
and then then having, taking the initiative to say, what if?
181
00:08:14.005 --> 00:08:16.545
And then the stock piece of that happened quickly,
182
00:08:16.685 --> 00:08:18.425
as I said, took a little longer
183
00:08:18.485 --> 00:08:20.545
to work out the media license.
184
00:08:21.045 --> 00:08:24.225
So as, as you just said, like Fox obviously has a,
185
00:08:24.245 --> 00:08:27.505
has a clear understanding of of the upside.
186
00:08:27.685 --> 00:08:29.985
Um, they believe in the sport, they believe in,
187
00:08:29.985 --> 00:08:32.625
in the series and, and all those that are involved
188
00:08:33.325 --> 00:08:34.705
in getting it to this point.
189
00:08:34.765 --> 00:08:37.585
And in the, in the media release, it was announced kind of
190
00:08:38.325 --> 00:08:40.825
all of the things that immediately, like off the bat,
191
00:08:40.885 --> 00:08:42.665
you know, they're gonna, they're gonna start planning on
192
00:08:42.665 --> 00:08:44.225
doing, which was, I'm just reading it,
193
00:08:44.325 --> 00:08:47.665
but you know, it says generate industry leading events,
194
00:08:48.155 --> 00:08:49.465
hyper engaged digital media
195
00:08:49.485 --> 00:08:52.145
and content strategy, new opportunities for the athletes
196
00:08:52.145 --> 00:08:54.625
to take center stage across different, um, entertainment
197
00:08:54.685 --> 00:08:56.820
and sports properties and, and all this sort of thing.
198
00:08:58.585 --> 00:09:02.285
Is that really the, the, the main
199
00:09:02.975 --> 00:09:05.805
excitement from your, you guys obviously having a partner
200
00:09:05.825 --> 00:09:07.685
of the magnitude of Fox Sports is,
201
00:09:07.825 --> 00:09:10.925
is in an iconic brand such as that is, is great,
202
00:09:11.025 --> 00:09:14.765
but is it really the excitement of where they can propel
203
00:09:15.425 --> 00:09:17.045
the series and the races
204
00:09:17.045 --> 00:09:18.405
and the drivers in ways
205
00:09:18.435 --> 00:09:21.405
that maybe previously couldn't have been done for,
206
00:09:21.625 --> 00:09:25.285
for either financial reasons or personnel reasons
207
00:09:25.625 --> 00:09:27.005
or, or what have you?
208
00:09:27.005 --> 00:09:28.325
Just, just general restrictions.
209
00:09:28.345 --> 00:09:30.605
Is that what you're, you guys are most looking forward
210
00:09:30.605 --> 00:09:33.325
to is, is just the enhanced engagement
211
00:09:33.325 --> 00:09:34.725
that they're gonna bring to the table for the
212
00:09:34.725 --> 00:09:35.725
Sport?
213
00:09:35.725 --> 00:09:38.405
It's that, but but think of it in broad terms, Alex.
214
00:09:38.685 --> 00:09:43.075
I mean, I think it's telling that this was the first thing
215
00:09:43.075 --> 00:09:44.715
that, how was this announcement made?
216
00:09:45.095 --> 00:09:46.315
It was, it was made
217
00:09:46.315 --> 00:09:48.635
through a report in the Wall Street Journal.
218
00:09:48.825 --> 00:09:50.475
Sure. Try to think back
219
00:09:50.595 --> 00:09:53.035
to the last time the Wall Street Journal was covering us.
220
00:09:53.735 --> 00:09:56.795
So I think that's indicative of the reach and
221
00:09:56.795 --> 00:09:59.155
and I'm sure their management didn't call up the editor
222
00:09:59.775 --> 00:10:01.355
or the writer at the journal
223
00:10:01.375 --> 00:10:03.435
and say, Hey, you know, write this.
224
00:10:03.975 --> 00:10:05.955
But the access was there
225
00:10:06.735 --> 00:10:09.355
and I, I just, it's, it's not a huge thing,
226
00:10:09.375 --> 00:10:11.795
but I think it's kind of indicative of the reach
227
00:10:12.335 --> 00:10:15.875
in the media world that, uh, that, that they have.
228
00:10:16.335 --> 00:10:17.475
Um, and,
229
00:10:17.495 --> 00:10:19.155
and you know, like the Barto deal
230
00:10:19.185 --> 00:10:21.355
that they announced not very long ago, that's,
231
00:10:21.385 --> 00:10:23.035
it's a different kind of example
232
00:10:23.085 --> 00:10:27.155
where they've got a relationship now that, um,
233
00:10:27.505 --> 00:10:31.835
hopefully, uh, with their entree to the Barto people
234
00:10:32.385 --> 00:10:36.755
will help get them thinking about us more often and,
235
00:10:36.855 --> 00:10:38.635
and reaching other audiences in,
236
00:10:38.815 --> 00:10:41.715
in different clever, you know, appealing ways.
237
00:10:41.815 --> 00:10:45.875
So I just think their, their general reach, uh,
238
00:10:46.935 --> 00:10:47.955
is a huge asset.
239
00:10:48.295 --> 00:10:51.355
So I guess I, I would, I would also say that
240
00:10:52.175 --> 00:10:54.235
we just think they're very nimble and creative.
241
00:10:54.975 --> 00:10:57.235
So we didn't say, okay, X amount
242
00:10:57.235 --> 00:10:58.795
of money is coming in for the stock.
243
00:10:59.285 --> 00:11:02.555
We're gonna take y amount of it and do these 10 things.
244
00:11:03.325 --> 00:11:07.515
We've learned in our relationship with them that they're,
245
00:11:07.905 --> 00:11:10.355
they're, they're creative, right?
246
00:11:10.355 --> 00:11:12.715
They're clever. They're thinking about how
247
00:11:12.715 --> 00:11:15.995
to project a brand, how to get in front of other audiences.
248
00:11:16.375 --> 00:11:17.555
So, so it's beyond,
249
00:11:17.905 --> 00:11:20.115
with all due respect the talent in the broadcast,
250
00:11:20.145 --> 00:11:21.915
it's all the other ways they can help
251
00:11:22.735 --> 00:11:24.355
and they do in addition
252
00:11:24.355 --> 00:11:26.835
to the unbelievable talent on the broadcast. Yeah,
253
00:11:26.835 --> 00:11:27.835
Yeah, yeah.
254
00:11:27.835 --> 00:11:29.075
It's just you back, just worry. Keep digging there, Kyle.
255
00:11:29.075 --> 00:11:30.315
Don't keep digging. Don't worry James.
256
00:11:30.545 --> 00:11:32.835
Just like drivers, you are also replaceable.
257
00:11:33.345 --> 00:11:35.475
Very, very disposable. Yes. I just
258
00:11:35.475 --> 00:11:36.995
Wanna be clear, he was talking about Townsend,
259
00:11:37.295 --> 00:11:38.475
he was saying that that's the,
260
00:11:38.475 --> 00:11:39.915
that's the real talent in the booth.
261
00:11:41.585 --> 00:11:46.375
Yeah, so, so, uh, they, they, it was just quick
262
00:11:46.485 --> 00:11:48.895
that, um, this could be a great fit.
263
00:11:48.955 --> 00:11:50.535
We know we, we will get along.
264
00:11:51.115 --> 00:11:54.565
We know they will bring what I would call strategic value,
265
00:11:55.385 --> 00:11:56.765
not only because of the way they think,
266
00:11:56.785 --> 00:11:59.645
but the world they operate in, the worlds they operate in,
267
00:11:59.975 --> 00:12:01.965
which is a great compliment to, to us,
268
00:12:02.165 --> 00:12:05.125
I think our greatest strength other than expertise in
269
00:12:05.125 --> 00:12:06.405
Motorsport is operations.
270
00:12:07.105 --> 00:12:11.265
And, um, so this is just a great way to not only round
271
00:12:11.265 --> 00:12:14.545
that out, but I think, uh, blow it up in, in a,
272
00:12:14.575 --> 00:12:16.345
hopefully in a really significant way.
273
00:12:20.125 --> 00:12:22.625
So then, so then what are the, the, the easiest ways
274
00:12:22.625 --> 00:12:23.825
to say, what are the next steps?
275
00:12:23.825 --> 00:12:25.105
Right? This happens, it gets
276
00:12:25.105 --> 00:12:26.385
announced, everybody gets excited.
277
00:12:26.385 --> 00:12:29.265
Obviously we're three races from the end of our season,
278
00:12:29.485 --> 00:12:31.825
so no one's expecting any big changes
279
00:12:32.045 --> 00:12:34.625
or monumental shifts in the next four weeks.
280
00:12:35.125 --> 00:12:38.105
But what is the process from IndyCar side, from Fox's side,
281
00:12:38.105 --> 00:12:40.945
the way you guys work together in establishing, okay,
282
00:12:41.245 --> 00:12:43.945
how do we start tackling the, the issues that we have
283
00:12:44.045 --> 00:12:45.745
or the, the things, the goals that we're going
284
00:12:45.745 --> 00:12:46.825
after? Yeah, it,
285
00:12:46.825 --> 00:12:50.745
It isn't a, uh, firmly prescribed process,
286
00:12:51.645 --> 00:12:53.925
but today, um,
287
00:12:55.285 --> 00:12:57.005
a couple senior people at Fox
288
00:12:57.065 --> 00:12:59.245
and a couple senior people at Penske Entertainment,
289
00:12:59.905 --> 00:13:01.445
not long from now, we'll,
290
00:13:01.445 --> 00:13:05.205
we'll have a conversation about ideas or,
291
00:13:05.345 --> 00:13:07.205
or categories of ideas.
292
00:13:07.975 --> 00:13:11.525
Later this week, senior people, um,
293
00:13:11.875 --> 00:13:14.285
will have senior people from Penske Entertainment,
294
00:13:14.655 --> 00:13:17.765
we'll meet as a group and start generating our ideas
295
00:13:17.865 --> 00:13:19.965
and our priorities, and then we just pull 'em together.
296
00:13:20.345 --> 00:13:22.405
And whether that means in a week or two
297
00:13:22.465 --> 00:13:27.205
or at the end of the season, they'll be, uh, a, uh,
298
00:13:28.405 --> 00:13:29.765
a kumbaya meeting.
299
00:13:29.825 --> 00:13:32.365
That's a strategy session with everybody or not.
300
00:13:32.445 --> 00:13:35.725
I don't know. My guess is we won't do it that way
301
00:13:35.725 --> 00:13:37.405
because neither one of us likes waiting.
302
00:13:38.025 --> 00:13:39.885
It, it'll be, there's an idea.
303
00:13:40.015 --> 00:13:41.245
Let's, you know, why don't we do it?
304
00:13:41.545 --> 00:13:43.005
So, but you,
305
00:13:43.285 --> 00:13:45.405
I think Alex already read some of the categories.
306
00:13:45.505 --> 00:13:48.125
We think the, you know, we've been talking about this
307
00:13:48.125 --> 00:13:51.725
for a while, but I think we've got a great ally in helping
308
00:13:51.955 --> 00:13:55.445
execute the idea of having our events in places
309
00:13:55.475 --> 00:13:56.485
that will lift the sport
310
00:13:56.985 --> 00:13:58.445
and putting 'em forward in a way
311
00:13:58.835 --> 00:13:59.845
that will make a difference.
312
00:14:00.505 --> 00:14:04.645
So, um, we had obviously already announced, uh,
313
00:14:04.835 --> 00:14:07.085
Arlington all and with great partners
314
00:14:07.085 --> 00:14:10.005
and that sort of emblematic of the openness to dealing
315
00:14:10.035 --> 00:14:11.525
with big franchises,
316
00:14:12.185 --> 00:14:14.365
big organizations in the media and sports.
317
00:14:15.265 --> 00:14:17.365
And by the way, you'll recall, they helped us push
318
00:14:17.365 --> 00:14:19.645
that right out of the box with, uh,
319
00:14:20.005 --> 00:14:22.965
NFL football they were covering in Arlington, right?
320
00:14:22.965 --> 00:14:27.525
Then when that announcement was made, um, you know, um,
321
00:14:27.755 --> 00:14:29.525
they, they liked the Mexico idea.
322
00:14:30.465 --> 00:14:33.275
It's not, uh, that that's their principle market
323
00:14:33.295 --> 00:14:36.595
and they only have US media rights they don't have in other
324
00:14:36.835 --> 00:14:40.515
countries, but it's gonna be a big, uh, I think,
325
00:14:41.615 --> 00:14:43.035
you know, kind of tent pole event.
326
00:14:43.095 --> 00:14:45.075
And it'll be, I believe it'll be so
327
00:14:45.775 --> 00:14:48.195
strong in Mexico that'll, you know,
328
00:14:48.215 --> 00:14:51.405
the tsunami will flow into, uh, north America in a way
329
00:14:51.405 --> 00:14:54.765
that's helpful to them, including on Fox broadcast in the us
330
00:14:55.575 --> 00:14:59.165
We're working on another one that is clearly in that kind
331
00:14:59.165 --> 00:15:03.935
of, um, category of young and different
332
00:15:03.935 --> 00:15:07.735
and hot and, um, can you, can you break some
333
00:15:07.735 --> 00:15:09.015
News today? What, what's, uh,
334
00:15:09.995 --> 00:15:10.995
No.
335
00:15:11.255 --> 00:15:14.105
Well these guys, these these guys have heard conversations
336
00:15:14.155 --> 00:15:16.225
about places like Denver.
337
00:15:16.925 --> 00:15:18.425
So that is not a news flash,
338
00:15:18.565 --> 00:15:21.065
but it, it, I think you could say Denver's the kind
339
00:15:21.065 --> 00:15:22.265
of city that we're talking about.
340
00:15:22.435 --> 00:15:25.545
Don't, I did not just tell you that we'll work on Denver,
341
00:15:25.765 --> 00:15:27.985
but it's an example of a market we're not in
342
00:15:28.415 --> 00:15:30.345
that we think is young and aggressive
343
00:15:30.445 --> 00:15:33.465
and kinda aspirational for a lot of people. So,
344
00:15:33.765 --> 00:15:37.105
So do you imagine, or are you foreshadowing
345
00:15:37.575 --> 00:15:41.905
that this relationship with Fox is gonna kind
346
00:15:41.905 --> 00:15:43.225
of give you some horsepower
347
00:15:43.375 --> 00:15:45.985
that you maybe didn't have going
348
00:15:46.015 --> 00:15:47.105
into some of these new markets?
349
00:15:47.235 --> 00:15:49.905
Maybe if there was a little bit of opposition here
350
00:15:49.905 --> 00:15:54.145
or there from various parties, is this now kind of the,
351
00:15:54.325 --> 00:15:56.905
the extra leg that you need?
352
00:15:56.905 --> 00:16:00.065
It's cash in order to, to, to move the needle in,
353
00:16:00.085 --> 00:16:01.745
in the direction of a, of a yes vote
354
00:16:02.045 --> 00:16:03.105
for, for these new markets.
355
00:16:03.525 --> 00:16:05.745
And I don't think it's so much a vote.
356
00:16:07.105 --> 00:16:10.085
And James said cache, it can be lots of things, right?
357
00:16:10.225 --> 00:16:12.125
If we're trying to get a promoter so
358
00:16:12.125 --> 00:16:14.005
that we're not necessarily the promoter
359
00:16:14.005 --> 00:16:18.465
of all the new events that can't hurt if it's entree.
360
00:16:19.085 --> 00:16:23.745
So, you know, there can't be a major league franchise
361
00:16:23.745 --> 00:16:25.065
where they don't know the ownership
362
00:16:25.065 --> 00:16:27.225
and the management in the, in this country.
363
00:16:27.485 --> 00:16:30.025
So door opening for partnerships
364
00:16:30.125 --> 00:16:31.945
and that, that could lead to races.
365
00:16:32.485 --> 00:16:33.665
Um, and then Ultimate and,
366
00:16:33.665 --> 00:16:34.705
and the reason I think all
367
00:16:34.705 --> 00:16:37.625
that has some clout is we already can show
368
00:16:38.055 --> 00:16:40.065
that when we're doing something like that, they're gonna be
369
00:16:40.065 --> 00:16:41.945
behind it and make it a bigger deal.
370
00:16:42.685 --> 00:16:45.995
So I I I, I just think there, uh, there's a lot
371
00:16:45.995 --> 00:16:50.475
of ways they can play in making that more achievable faster.
372
00:16:50.695 --> 00:16:52.995
Now you mentioned it earlier and, and said we'd get to it,
373
00:16:53.015 --> 00:16:55.675
but it is an interesting question as we are in year one,
374
00:16:56.015 --> 00:16:58.835
you know, having finished year one of the media rights deal
375
00:16:58.835 --> 00:17:02.075
with Fox, now they're a part owner of the whole program.
376
00:17:02.665 --> 00:17:06.595
What does that mean long term for the media rights situation
377
00:17:06.595 --> 00:17:09.075
with IndyCar and then the TV provider and
378
00:17:09.075 --> 00:17:10.995
Maybe specifically for James, like
379
00:17:12.575 --> 00:17:15.075
and can I get a, a contract extension or,
380
00:17:16.935 --> 00:17:19.115
You know, I'm gonna have to, Hey Elias, can I,
381
00:17:19.215 --> 00:17:20.955
can you reread the contract
382
00:17:21.075 --> 00:17:22.675
and see if it says anything about Hinch Cliff?
383
00:17:22.895 --> 00:17:24.155
Was I in there specifically?
384
00:17:24.155 --> 00:17:26.075
Because I did ask, I did ask for that
385
00:17:26.095 --> 00:17:28.035
to be just a little footnote, like a,
386
00:17:28.035 --> 00:17:29.075
like an addendum at the end,
387
00:17:29.075 --> 00:17:30.435
little late, you know, appendix scenario.
388
00:17:30.435 --> 00:17:31.915
Sure. You know, we started down that path
389
00:17:31.935 --> 00:17:34.755
and then it was, is this gonna do any more harm than good?
390
00:17:35.055 --> 00:17:38.155
And we just thought, let's, let's just be silent. fair.
391
00:17:38.505 --> 00:17:41.705
Fair.
So they didn't buy,
392
00:17:41.705 --> 00:17:43.665
they don't own the media rights, right?
393
00:17:43.665 --> 00:17:48.225
Ownership to me, right, is, is doesn't have a term limit,
394
00:17:49.105 --> 00:17:51.765
at least in, in the case of owning the stock, it doesn't,
395
00:17:52.595 --> 00:17:54.605
they had a license for a few years,
396
00:17:55.255 --> 00:17:59.485
which you guys are all keenly aware of and part of, um,
397
00:18:00.065 --> 00:18:03.805
and we extended the num the term by a few years.
398
00:18:04.905 --> 00:18:07.525
Um, I my own, you can't give specifics on those numbers.
399
00:18:08.105 --> 00:18:10.565
I'm not going to, but I would just tell you, you know,
400
00:18:10.565 --> 00:18:14.885
there are 20 year deals in rights in, in,
401
00:18:14.885 --> 00:18:17.685
in the us it's not that kinda long term, right?
402
00:18:19.155 --> 00:18:21.175
Uh, so they remain our partner,
403
00:18:21.565 --> 00:18:22.855
they're gonna pay us a little bit more
404
00:18:22.955 --> 00:18:24.415
during the extended years.
405
00:18:24.415 --> 00:18:26.415
That's a good thing. And, um,
406
00:18:26.875 --> 00:18:30.135
and bring some other value to the table in the broadcast.
407
00:18:31.105 --> 00:18:36.045
Um, and then when the license is reaching its term,
408
00:18:36.785 --> 00:18:38.525
we are absolutely free to go to the market
409
00:18:39.025 --> 00:18:40.165
and see what's in the market.
410
00:18:40.215 --> 00:18:41.445
Right? And, um,
411
00:18:42.365 --> 00:18:45.225
and frankly, it'll be interesting, right?
412
00:18:45.545 --> 00:18:47.825
I I think we kinda got the best of both worlds.
413
00:18:48.065 --> 00:18:52.105
'cause if three other, you know, apple and NBC wants it back
414
00:18:52.165 --> 00:18:55.065
and name anybody else you want, want it, um,
415
00:18:56.525 --> 00:18:58.575
that they're gonna have every chance to get it.
416
00:18:59.315 --> 00:19:02.335
And Fox will benefit if
417
00:19:02.335 --> 00:19:04.975
or when it went to somebody else for, for better
418
00:19:05.495 --> 00:19:06.575
consideration because they,
419
00:19:07.005 --> 00:19:10.455
they have a financial interest in the ownership
420
00:19:11.195 --> 00:19:14.655
of the company, but they do not own the media rights.
421
00:19:14.835 --> 00:19:17.975
And so, um, yeah, I think I,
422
00:19:17.975 --> 00:19:19.135
again, that was important to us.
423
00:19:19.155 --> 00:19:23.455
We were not looking to kind of mortgage our media rights
424
00:19:23.795 --> 00:19:25.495
and in any way cap the value.
425
00:19:25.495 --> 00:19:28.135
Because to me, you guys know, I've felt this
426
00:19:28.135 --> 00:19:32.255
for a long time, that the one, one of the big things
427
00:19:32.915 --> 00:19:36.215
for IndyCar is we don't have the kind of TV revenues
428
00:19:36.925 --> 00:19:41.295
that allow us to act like, you know, other major leagues.
429
00:19:41.935 --> 00:19:44.655
I think we outperform our weight class in a lot
430
00:19:44.655 --> 00:19:48.255
of other ways, given the, the dearth of, uh,
431
00:19:49.455 --> 00:19:50.635
of TV revenue.
432
00:19:50.815 --> 00:19:52.115
That's not to say there isn't any.
433
00:19:52.115 --> 00:19:54.515
And there is, and it's net and we got a great TV partner,
434
00:19:55.055 --> 00:19:56.475
but it isn't a billion dollars a year.
435
00:19:56.495 --> 00:19:58.835
And I'm not saying it will be in, in two years
436
00:19:58.935 --> 00:20:01.115
or five years, but, um,
437
00:20:02.495 --> 00:20:04.755
we wouldn't wanna sell stock in the company
438
00:20:05.215 --> 00:20:08.955
and at the same time kind of cap our financial prospects
439
00:20:09.095 --> 00:20:11.555
for the value future values of our media rights.
440
00:20:11.735 --> 00:20:12.875
And this deal didn't do that.
441
00:20:13.135 --> 00:20:15.355
So I, I really think in that way, it's,
442
00:20:15.355 --> 00:20:16.475
it's the best of all worlds.
443
00:20:16.735 --> 00:20:19.675
You know, some people have looked at it more defensively,
444
00:20:19.675 --> 00:20:20.875
and it's a fair point of view.
445
00:20:21.455 --> 00:20:25.355
If anybody ever worried if, if Fox was gonna come in hard
446
00:20:25.895 --> 00:20:29.075
in 2025 and be a fabulous promotional partner,
447
00:20:29.175 --> 00:20:32.795
and then, you know, in 26 it was less in 27, it was less,
448
00:20:33.655 --> 00:20:37.995
um, I don't, this this ought to be looked at as, uh,
449
00:20:38.345 --> 00:20:39.515
real insurance that,
450
00:20:39.515 --> 00:20:41.835
that they're not gonna lose interest in in any way.
451
00:20:42.655 --> 00:20:44.395
And they have an interest in the
452
00:20:44.395 --> 00:20:46.435
increasing value of our rights. So
453
00:20:46.745 --> 00:20:50.345
That leads me to kind of one of my final questions, and
454
00:20:51.325 --> 00:20:52.385
before I get to the question,
455
00:20:52.565 --> 00:20:53.985
it kind of starts with a statement.
456
00:20:54.205 --> 00:20:58.785
Um, this must a be incredibly rewarding for
457
00:20:59.425 --> 00:21:02.465
yourself and, and, and Roger and his whole team, right?
458
00:21:02.485 --> 00:21:07.305
To have a a partner have this amount
459
00:21:07.305 --> 00:21:08.545
of belief in the sport.
460
00:21:08.725 --> 00:21:10.065
And it's a testament to
461
00:21:10.065 --> 00:21:12.785
what you guys have done over the five years,
462
00:21:13.085 --> 00:21:16.345
not even five years yet to get the sport to where it is,
463
00:21:16.485 --> 00:21:21.225
to have the, the foreseen value that not only exists,
464
00:21:21.365 --> 00:21:24.465
but but will continue to grow and exist in the future.
465
00:21:25.405 --> 00:21:29.185
Now that there's a partner involved, now that it's Fox,
466
00:21:30.655 --> 00:21:34.425
does it add or take away some of the pressure of, you know,
467
00:21:34.425 --> 00:21:36.385
there's, there's so much talk all
468
00:21:36.515 --> 00:21:37.665
after every weekend, right?
469
00:21:37.665 --> 00:21:40.865
About a TV number being this, or a TV number being that
470
00:21:40.925 --> 00:21:41.945
or all this sort of thing.
471
00:21:42.855 --> 00:21:46.505
Does it, does it, does it create a situation
472
00:21:46.505 --> 00:21:50.385
where you feel like you have to continue delivering?
473
00:21:50.565 --> 00:21:53.225
Or do you feel like a little bit of the burden is kind
474
00:21:53.225 --> 00:21:55.545
of now shared across all of you and,
475
00:21:55.605 --> 00:21:58.985
and you're gonna work to make it, to make it grow together?
476
00:21:59.215 --> 00:22:01.025
Like, like how does that kind of fall?
477
00:22:01.655 --> 00:22:02.825
It's an interesting question.
478
00:22:04.065 --> 00:22:05.345
I kind of don't think that way.
479
00:22:05.585 --> 00:22:08.385
I, I can speak for myself in that way, in that regard.
480
00:22:09.125 --> 00:22:13.045
I mean, I, I remember verses right and A, B, C,
481
00:22:13.545 --> 00:22:15.325
and mm-hmm you never knew where the hell
482
00:22:15.385 --> 00:22:16.885
to find Indy car racing.
483
00:22:17.825 --> 00:22:19.645
And then it took a few years,
484
00:22:19.945 --> 00:22:24.005
but we got an NBC deal done where we had NBC and,
485
00:22:24.345 --> 00:22:26.965
and Peacock and, and, uh, USA
486
00:22:26.965 --> 00:22:29.925
or whichever cable it, it, it happened
487
00:22:29.925 --> 00:22:31.445
to be on a given race weekend.
488
00:22:31.585 --> 00:22:34.005
And they were great partners, uh, great relationships
489
00:22:34.005 --> 00:22:37.805
with them and, and, uh, years later, and now we're here.
490
00:22:38.625 --> 00:22:41.685
So I, I know you, I don't see
491
00:22:41.685 --> 00:22:43.925
how you do these things in a year or two.
492
00:22:44.545 --> 00:22:45.725
We, we are rebuilding
493
00:22:45.785 --> 00:22:50.335
and building, uh, an American sports franchise, uh,
494
00:22:50.345 --> 00:22:52.615
which I also think has an international upside.
495
00:22:53.045 --> 00:22:56.375
It's a whole nother matter. But, um, so I I, um,
496
00:22:57.085 --> 00:23:00.975
I've never had any doubt that the deal with Fox will produce
497
00:23:01.645 --> 00:23:06.335
important increases in our TV audiences, which is
498
00:23:07.265 --> 00:23:08.275
kind of foundational
499
00:23:08.935 --> 00:23:12.355
to TV rights achievement sometime in the future.
500
00:23:13.285 --> 00:23:14.505
So, and it's true.
501
00:23:15.265 --> 00:23:18.145
I mean, people can write about whatever they think about the
502
00:23:18.145 --> 00:23:20.025
numbers at the end of this year.
503
00:23:20.265 --> 00:23:22.785
I, you know, I'll make the bet with Tim, I'll get,
504
00:23:22.785 --> 00:23:24.505
he can get his 25, is it cents
505
00:23:24.505 --> 00:23:25.625
or bucks? I can't remember. 20.
506
00:23:25.805 --> 00:23:29.785
It was $23. Yeah, we can pop it to 25 if James
507
00:23:30.005 --> 00:23:31.105
Can lend some, well, let's go 25.
508
00:23:31.115 --> 00:23:32.265
We'll make it US dollars.
509
00:23:33.025 --> 00:23:36.065
I don't want to argument about which kind of dollars anyway.
510
00:23:36.065 --> 00:23:38.385
We're gonna have a 40% increase year over year
511
00:23:38.965 --> 00:23:42.665
in our average television last year versus this year.
512
00:23:43.665 --> 00:23:45.325
I understand how we get it. It, right?
513
00:23:45.425 --> 00:23:47.285
It was, it's kind of a slam dunk
514
00:23:47.285 --> 00:23:50.725
because everything's on network and we don't have a two
515
00:23:50.725 --> 00:23:55.645
or three races solely on Peacock or on USA or maybe CNBC.
516
00:23:55.795 --> 00:23:59.125
It's, it's Fox. But that's a big deal.
517
00:23:59.145 --> 00:24:00.525
And those are real eyeballs
518
00:24:00.625 --> 00:24:03.965
and it increases our value next year.
519
00:24:04.035 --> 00:24:07.085
Talking with Eric, we've all agreed now we gotta start
520
00:24:07.085 --> 00:24:10.545
to move the average as it as that first year
521
00:24:10.545 --> 00:24:11.985
of all network cycles through.
522
00:24:12.445 --> 00:24:14.865
So we gotta do things like Arlington or Mexico
523
00:24:15.125 --> 00:24:19.225
or other, I hope, creative things and more digital and, and,
524
00:24:19.285 --> 00:24:20.505
and, and the like.
525
00:24:21.325 --> 00:24:25.325
Um, so I just don't think of it as, you know, oh my God,
526
00:24:25.325 --> 00:24:29.245
this week was 750,000 instead of 850.
527
00:24:29.625 --> 00:24:30.925
Um, we're building it
528
00:24:31.745 --> 00:24:35.605
and, um, we wanna make good, steady progress.
529
00:24:35.705 --> 00:24:38.925
So does Fox. And that will benefit the team owners,
530
00:24:39.185 --> 00:24:42.965
the drivers and everybody as the series goes up over time.
531
00:24:43.195 --> 00:24:44.405
Well, this has all been great and,
532
00:24:44.405 --> 00:24:45.605
and Mark, we can't thank you enough
533
00:24:45.605 --> 00:24:47.205
for taking the time to sit with us.
534
00:24:47.265 --> 00:24:48.565
We know you haven't had a lot
535
00:24:48.565 --> 00:24:52.485
of interviews since this news broke, so, uh, honored, uh,
536
00:24:52.795 --> 00:24:53.685
that, uh, that you
537
00:24:53.685 --> 00:24:55.045
decided to take some time and chat with us.
538
00:24:55.245 --> 00:24:57.325
'cause again, this is going right to the core fan base.
539
00:24:57.325 --> 00:24:58.245
These are the people that are
540
00:24:58.245 --> 00:24:59.765
passionate about IndyCar racing.
541
00:25:00.305 --> 00:25:01.885
Um, and on that note, there's one,
542
00:25:01.945 --> 00:25:03.165
one thing I just wanna end with,
543
00:25:03.165 --> 00:25:04.365
it's kind of pivoting a little bit.
544
00:25:04.485 --> 00:25:05.645
I don't know if you can or not,
545
00:25:05.785 --> 00:25:08.645
but there's a lot of talk right now about next year,
546
00:25:08.645 --> 00:25:10.445
and obviously this has been taking a lot of your time
547
00:25:10.625 --> 00:25:11.725
and focus and energy.
548
00:25:12.265 --> 00:25:16.125
Is there any news that you can share about Calendar for 26
549
00:25:16.665 --> 00:25:18.205
and where we might be on that?
550
00:25:20.255 --> 00:25:22.045
No.
Okay. It, it,
551
00:25:22.065 --> 00:25:24.605
Uh, you, you know about Arlington, you know, the date,
552
00:25:25.345 --> 00:25:27.925
you know, one or more things that we continue to work on.
553
00:25:28.825 --> 00:25:33.485
Um, but no, I think the next step will be to, to probably,
554
00:25:33.705 --> 00:25:36.285
uh, there may be two steps about two different events,
555
00:25:36.385 --> 00:25:38.775
but at least by the second one,
556
00:25:38.775 --> 00:25:41.855
we'll put the whole calendar out and it'll all become clear.
557
00:25:41.955 --> 00:25:44.695
But we gotta get all the pieces nailed down,
558
00:25:44.755 --> 00:25:45.815
be before we go public.
559
00:25:45.955 --> 00:25:47.295
But it's gonna be a good calendar.
560
00:25:47.295 --> 00:25:48.775
There'll be some novel things in it
561
00:25:48.775 --> 00:25:51.355
that we think are exciting and, uh, um,
562
00:25:52.095 --> 00:25:53.555
we are eager to get it out Tuesday
563
00:25:53.555 --> 00:25:54.555
Night races.
564
00:25:54.555 --> 00:25:57.835
Is that a thing? ? Let's go, let's go.
565
00:25:58.505 --> 00:25:59.995
That sounds like a Tim idea.
566
00:26:00.575 --> 00:26:03.115
You guys can, you just, I'm still good to like bum
567
00:26:03.115 --> 00:26:04.155
around racetracks, right?
568
00:26:04.185 --> 00:26:05.355
This doesn't change anything.
569
00:26:05.375 --> 00:26:07.755
You or you pay, you pay. Ah, damn. We'll
570
00:26:07.755 --> 00:26:08.755
see
.
571
00:26:08.755 --> 00:26:10.955
Anyway, listen, I appreciate you guys having me.
572
00:26:11.195 --> 00:26:14.475
I love what you do in every way around the sport.
573
00:26:14.535 --> 00:26:16.355
And I'm gen I think, you know, I mean that.
574
00:26:16.615 --> 00:26:18.235
And, uh, so it's a pleasure.
575
00:26:18.235 --> 00:26:19.515
Likewise, buddy. Thank you so much.
576
00:26:19.895 --> 00:26:21.235
We will see you out in Portland.
577
00:26:21.735 --> 00:26:23.915
All right. Take care. Safe travel. Have a
578
00:26:23.915 --> 00:26:24.915
Good one.
579
00:26:24.915 --> 00:26:25.255
See you.
580
00:26:26.065 --> 00:26:27.915
This has been off track with Hinch and Rossi.
581
00:26:28.095 --> 00:26:31.195
Off Track is part of the Sirius XM Sports Podcast Network.
582
00:26:31.655 --> 00:26:32.755
If you enjoyed this episode
583
00:26:32.755 --> 00:26:35.115
and want to hear more, please give a five star
584
00:26:35.115 --> 00:26:36.155
rating and leave a review.
585
00:26:36.755 --> 00:26:38.955
Subscribe today, wherever you stream your podcasts.
586
00:26:39.175 --> 00:26:41.915
We are at Ask Offtrack on Twitter and Instagram.
587
00:26:42.095 --> 00:26:44.805
And if you wanna follow us on Twitter, we're at Hinch Town
588
00:26:44.805 --> 00:26:46.165
and at Alexander Rossi.
589
00:26:46.385 --> 00:26:47.885
If you wanna follow them, though,
590
00:26:47.885 --> 00:26:49.565
we have no idea why you would.
591
00:26:49.995 --> 00:26:52.285
He's at the Tim Durham on Twitter.
592
00:26:52.835 --> 00:26:54.805
Find us on YouTube and subscribe to our channel
593
00:26:54.865 --> 00:26:56.005
for exclusive video content.
594
00:26:56.425 --> 00:26:59.405
Off Track is produced by Tim Durham, and by that we mean fi.