How do you build an investible disruptor sports property?

Does it matter what the sport is? I'd ask first, are you backing a sports property or an entertainment property? And both are backable, but they're different.

So women's football is a sport.

Savannah Bananas, that's entertainment product.

There's sport involved in it.

Baller League, Kings League, to me, those are entertainment products that have sport.

It's part of it.

But that is a different business model in how you make it work, which it can work.

over time compared to an old school authentic sport but needs to be disrupted and challenged and done differently, which is women's football.

So I think you have to take that step back and go, what actually am I backing?

And I actually, I agree with Michael on that one, but I do think that, for example, Angel City, has anyone seen any of their games in LA? It's yeah, there you go.

So it's like the football is terrible.

It's just my opinion.

The stadium is the most awesome place ever.

See, she agrees with me.

She's the only one that's ever seen it.

But like compared to most European football matches, like you don't go really to watch the football.

You go because you get the free stuff and the cameras on all the kids the entire time and there's music and there's fireworks.

Sometimes they go awry a little bit and go into the crowd.

That's another story.

But like...

It is the best place to be.

It is super entertaining.

And I think they've built a fan base because they've got real integration into the community.

It's such a good vibe.

They have good food.