20 Burst results for "Marcus Ericsson"
AP News Radio
The Lates in Sports
"AP sports and Mike Reeves, Josef Newgarden won his first Indianapolis 500 passing defending champ Marcus Ericsson in a two and a half mile sprint to the finish. Major League Baseball, the rays defeated the Dodgers 1110, while the rockies beat the bets by that same score, Cleveland got a four three, walk off win over St. Louis, the Orioles were three to two winners over the rangers, Detroit down the White Sox 6 to 5 in ten innings, the royals were three two winners over the nationals, Toronto shut out Minnesota three zero, the brewers won 7 to 5 over San Francisco Cincinnati is an 8 5 winner over the cubs, Miami at two zero winner over the angels, the Diamondbacks defeated the Red Sox four two, Seattle gets a 6 three win in ten innings over Pittsburgh. The Yankees beat the Padres 10.7 and Houston beat Oakland ten to one with the braves downing the Phillies 11 to four emiliano grillo won the PGA's Charles Schwab challenge. You don't play off over Adam schick and Steve stricker was victorious in a playoff over podrick heritage in the PGA scene your championship at Mike Reeves AP sports.
AP News
"marcus ericsson" Discussed on AP News
" AP's sports and Mike Reeves, it was a frantic finish at the Indianapolis 500, our Tom McKay reports. Josef Newgarden used a one lap shootout to grab the lead from 2022 champ Marcus Ericsson to win the Indy 500. You know, I wasn't looking to take anyone else out of the race, but I was going to put my car on the line to win. And I was either going to win the race or I was going to end up in the wall. Newgarden driving for team owner Roger Penske survived a chaotic final 40 miles, which saw the race stop three times for Rex. Major League Baseball the rays win a wild one over the Dodgers in Tampa Bay, correspondent Steve Carney provides the details. The Tampa Bay Rays used a 7th inning RBI ground out by wander Franco to break a ten ten tie and defeat the Los Angeles Dodgers 11 to ten. Both starters got hit around as Gavin stone allowed 7 runs in two innings of work, while Josh Fleming allowed ten runs in 6 innings, including 5 home runs, Tampa Bay finishes at ten game home stands 7 and three, while the Dodgers complete their longest road trip of 2023 with a four and 6 Mark. The Yankees used a 7 run third inning to defeat the Padres ten to 7, Aaron judge and Harrison Bader hit home runs to support winning pitcher Garrett Cole, who is now 6 and zero. This was a good team win today for sure. I mean, being able to kind of subdue them through the middle innings and keep the momentum. I thought played in our favor, but it's just such a luxury to have the offense. Other winners on the diamond were the guardians Orioles tigers royals, Blue Jays, brewers, reds, rockies, Astros, Marlins, Diamondbacks, Mariners, and braves on the PGA Tour emiliano grillo wins the Charles Schwab challenge in a playoff against Adam chic. It was his first PGA Tour victory. It over 7 and a half years. So it was great. The way it was definitely worth it, it was long, but it was worth it. Steve stricker won the senior PGA Championship in a playoff over podrick Harrington, NASCAR's Coca-Cola 600 was postponed due to wet weather. I'm Mike Reeves AP sports.
AP News Radio
The Latest in Sports
"AP's sports and Mike Reeves, it was a frantic finish at the Indianapolis 500, our Tom McKay reports. Josef Newgarden used a one lap shootout to grab the lead from 2022 champ Marcus Ericsson to win the Indy 500. You know, I wasn't looking to take anyone else out of the race, but I was going to put my car on the line to win. And I was either going to win the race or I was going to end up in the wall. Newgarden driving for team owner Roger Penske survived a chaotic final 40 miles, which saw the race stop three times for Rex. Major League Baseball the rays win a wild one over the Dodgers in Tampa Bay, correspondent Steve Carney provides the details. The Tampa Bay Rays used a 7th inning RBI ground out by wander Franco to break a ten ten tie and defeat the Los Angeles Dodgers 11 to ten. Both starters got hit around as Gavin stone allowed 7 runs in two innings of work, while Josh Fleming allowed ten runs in 6 innings, including 5 home runs, Tampa Bay finishes at ten game home stands 7 and three, while the Dodgers complete their longest road trip of 2023 with a four and 6 Mark. The Yankees used a 7 run third inning to defeat the Padres ten to 7, Aaron judge and Harrison Bader hit home runs to support winning pitcher Garrett Cole, who is now 6 and zero. This was a good team win today for sure. I mean, being able to kind of subdue them through the middle innings and keep the momentum. I thought played in our favor, but it's just such a luxury to have the offense. Other winners on the diamond were the guardians Orioles tigers royals, Blue Jays, brewers, reds, rockies, Astros, Marlins, Diamondbacks, Mariners, and braves on the PGA Tour emiliano grillo wins the Charles Schwab challenge in a playoff against Adam chic. It was his first PGA Tour victory. It over 7 and a half years. So it was great. The way it was definitely worth it, it was long, but it was worth it. Steve stricker won the senior PGA Championship in a playoff over podrick Harrington, NASCAR's Coca-Cola 600 was postponed due to wet weather. I'm Mike Reeves AP sports.
AP News Radio
Josef Newgarden wins his first Indy 500, gives Roger Penske his 19th victory
"Josef Newgarden used a one lap shootout to grab the lead from 2022 champ Marcus Ericsson to win the Indy 500. You know, I wasn't looking to take anyone else out of the race, but I was going to put my car on the line to win and I was either going to win the race or I was going to end up in the wall. Newgarden driving for team owner Roger Penske survived a chaotic final 40 miles, which saw the race stop three times for Rex. One accident left driver Kyle Kirkwood upside down, but okay. For Team Penske is a record 19 wins at the brickyard. Tom mccabe, Indianapolis.
WTOP
"marcus ericsson" Discussed on WTOP
"The park in the future. Luke Luger WTO news. Well, we have some results from the Indy 500, the Nats trying to make history in Kansas City and a whole lot more. Sports at 25 and 55 powered by Red River, technology decisions aren't black and white. Think red. Here's Ben rady. All right, appreciate a dick the 107th running of the Indy 500 a terrific finish moments ago as Joseph Newgarden comes from behind in the final lap to take the checkered flag Newgarden overtaking Marcus Ericsson in the final lap to secure his first win at the brickyard. Baseball national seeking their first sweep on the road since 2019 and the Nance continuing to lead the royals two to one now in the bottom of the 8th thinning that's having left the bases loaded in the top of the 8th just minutes ago Mackenzie gore. He's been sharp for the nationals today, 7 innings, allowing just one earned run and three hits. Again, the Nats leading the royals two to one elsewhere, the Orioles avoid the sweep, they beat the rangers three to a Camden yards. College baseball Big Ten championship Maryland and Iowa scoreless in the 5th inning. Liv golf in town final round from Trump national 7 holes to play Harold varner the third remains alone atop the leaderboard at ten under par that is one clear of Brendan grace to up an Andy ogletree in the French Open underway in Paris on the men's side, stephanos sits a pass in Andrei Rublev among those moving on to round two, American John Isner dropped his opener in a 5th set tiebreak. Ben raby WTO sports. Okay, Ben and coming up after traffic and weather, what's next for the deal to raise the debt ceiling? What are its prospects for congressional approval will check it out? It's four 26. Nobody likes going to the dentist, but it's much harder for some. Don't let fear and anxiety keep you from a perfect smile. At nova dental anesthesia, they take the stress away, state of the art
WTOP
"marcus ericsson" Discussed on WTOP
"Metro station. She told her brother she had to take care of something. Her dad Clinton Hubbard tells NBC four, that's extremely unlikely of her not to contact the family, Thompson is a junior at eastern senior high school, but since she's technically an adult, the county's police department can only do so much to find her. Sports hit 25 and 55, powered by maximus, moving people and innovation forward. Let's go to Jay Brooks. Richard just 40 laps left in the Indy 500 over 300,000 fans checking this one out. Spain's Alex palou had the pulp but right now Marcus Ericsson is your leader. You remember him. He won last year. Max Verstappen with a rainy day in Monaco, what was good enough to recover to win the Grand Prix used the points leader. He had the pull and he took the checkered flag. Tonight, 6 o'clock green flag for NASCAR's Coca-Cola 600 from Charlotte Motor Speedway, the road course. To baseball, bottom of the third school is between the Nats and the royals, Washington looking for their first sweep of the season and their first sweep over the royals, like forever. We'll keep you posted elsewhere. America league Baltimore up to nothing. They just moved to the top of the 6 taking on the rangers up at the yards, Baltimore trying to avoid the sweep. Soccer, Washington spear taking on Gotham FC at 5 o'clock tonight from Audi field the spirit of point behind Gotham in the standings, Washington coming off their first loss on the season. To the ice Team USA, lost the bronze game to Latvia right now in the gold medal game second intermission Germany and Canada are tied to two. Jay Brooks, WTO P sports. Great J coming out President Biden feels confident the house will approve the debt deal brokered with house speaker McCarthy. Two 56. These are emails filling your employees in boxes. Downloads beaming from device
Bloomberg Radio New York
"marcus ericsson" Discussed on Bloomberg Radio New York
"Which includes the likes of this man. Marcus Ericsson with the spirit of Ronnie penis and on board with his helmet. Joins Kenny brack as the only other Swede. Marcus Ericsson wins the Indianapolis 500 in the most dramatic way That's right. Oh, motorhead bars. Join us later in the program, we'll talk to the winner of the 2022 Indy 500 race Swedish race driver, Marcus Ericsson. But first, the wrestling or sports entertainment Goliath WWE is seeking buyers for its media empire, but returning chairman Vince McMahon's $9 billion asking price for WWE may be too much for prospective buyers to grapple with, joining us to talk about this massive asking price is Bloomberg technology and media analyst geetha ragana. So Gaza, let's ring the bell. See? We're in the wrestling. We are absolutely welcome to the Bloomberg business of sports. Thank you so much. Well, let's start with the obvious here is like $9 billion. I mean, I know it's an empire, but that's a lot of money. It sure is. It's about a 35% premium to where the company is currently trading. They're at about 6 and a half billion in enterprise value. So definitely a fairly rich asking price. And if you just kind of look in terms of multiples and what it means for the rest of the media landscape. So it translates to about a 22 times EV to forward EBITDA multiple. That's at least twice the median for general entertainment companies, including Disney, Netflix, Warner Brothers, paramount. So definitely a pretty big premium there. But then if you look at it versus just pure entertainment companies that don't have any legacy TV networks. So if you look at it versus an endeavor or a Formula One, did the multiple then seems to look a lot more reasonable and justifiable. Keith, isn't this the perfect storm though in terms of timing for WWE? What I mean by that is you have the Saudis throwing money around in sports like it's growing on trees, right? I mean, the invested in soccer productions in their country, you know, boxing matches as well. They're probably willing to throw a ton of money here. Also, sports entities are just, you know, the value of them just continue to rise when you talk about teams, for instance. So for the WWE to hit the market now, isn't this kind of the perfect timing? Oh, it absolutely is. And for them, you made some excellent points in terms of valuations. When we kind of look across the landscape at recent rights deals that have come up, we've seen at least 50 to 70% increases in recent renewals. So if you just kind of look at the media landscape, I mean, this is an area where investors tend to be really, really bullish. Sports is the glue that kind of holds the entire TV ecosystem together. And so for WWE in particular, this is a great time because this is their new TV rights, so they currently have deals with both NBC for raw as well as with Fox for SmackDown. And those deals are 5 year deals that come up for renewal in 2024. But actually the renewal process starts right now. I mean, they're going to start their talks right now. The deal ends in 2024. And so they want to kind of, I guess, from that perspective too, that the timing kind of makes sense for them. I wonder with the unfortunately the turmoil that has happened now with the McMahon family. How much of an impact will that play on the price of them trying to sell the WWE? I mean, you have to think about it. He's a founder. He is, you know, he's the former CEO. He's the creative force behind this company. This is his life's work. I mean, is he ready to kind of just walk away from it all? I'm not so sure. And if he kind of lingers on after a sale, again, I'm not sure whether partners would really like that or not. So it's a little bit of a gray area and I think investors also kind of wonder what exactly his intentions are here. Or whether this was just a way for him to get back to the company and not really start the company again. I'm not really sure. But Keith, that said, though, McMahon hasn't been a silent owner, right? I mean, he's embedded his himself, his family, with in storylines. And let's face it, regardless of what he's been outside of the ring. And again, he doesn't seem like a great guy. The reality is he is a part of the storyline. So if somebody buys him, and this is a hypothetical, I guess, does it make sense to kind of sideline the McMahon's completely or is it possible to continue to have them play a role because of the fact they're so embedded? Yes, it kind of depends who buys them, right? So if you have like a Comcast, I'm not necessarily even in Netflix, for instance. I'm not so sure they would want all that controversy. Yes, you would want Peter levesque who currently runs the creative and the content. He has done just a fabulous fabulous job with that and he's kind of really revamped the programming significantly. So I think they would definitely want him to stay on. There's no doubt about it. But as for the rest of Vince, I'm not so sure. Now, again, if the potential partner was an endeavor, it might be completely different because I think that actually makes for a nice fit. You look at endeavor, which owns UFC, which is closely associated with Dana White. And Dana White still runs UFC. And so there you kind of have you could have that nice fit between WWE, McMahon, and then you have UFC and Dana White. And there, I think he can continue to be involved. But with other partners, I'm not so sure. One thing about the WWE compared to sport like the NFL or the NBA or whatever. The WWE, if you don't have the star wrestlers, you don't have a product. Yeah. And I just wonder now what are some of the participants thinking about who are the wrestlers in the WWE about the
Bloomberg Radio New York
"marcus ericsson" Discussed on Bloomberg Radio New York
"Tank podcast with Paul Sweeney and Matt Miller are there some sectors that you want to have more or less exposure to. These equity indexes just keep going off. And analysis of the day's Wall Street action. What's the thought on apple here from Bloomberg intelligence? Bloomberg opinion, and influential newsmakers. The bond market was the boss. The tape with Paul Sweeney and Matt Miller. Subscribe today on Apple, Spotify, and wherever you get your podcasts. This is Bloomberg business of sports from Bloomberg radio. Welcome back to the Bloomberg business of sports show where we explore the big money issues in the world of sports. I'm Michael Barr. I'm Dan Schwartzman. Let's continue our conversation now with Marcus Ericsson, professional IndyCar racer. He won the Indy 500 last year. Being the motorhead that I am in racing, I like to go home and watch old races, old Indy 500 races. I think it was something like in the 1961 or so whatever. And I'm listening to the announcers and they're saying these cars can cost up to anywhere up to $25,000 like. Now. Just for one car, it's about at least $3 million just for one car and lord don't wreck it because you're going to have a problem. And then the F one cars because you used to be an F one. That's almost $15 million a car. The cost is huge, but the technology is there in these cars. Can you comment more on that? It's incredible these days. It's the technology behind Formula One, but also an IndyCar now. We're going to hybrid engines and in the car next year, Formula One is already using hybrid engines and they are very complex cars, these space and used to run them requires a lot of people just to have all the systems and settings in the right mode to even be able to start them up. So it's pretty it's pretty cool to see that and a lot of things that happen in Formula One and in the cars and translates to normal cars on the road. So it's pretty cool to be part of that. And then I think it's really cool that often in the car is going back through is now for 2024, which I think is a great success and it's a cool motor sport that moves in that direction. These last few years. You know, Marcus, here in the states, outside of I think NBA superstars, most of the and I think Michael would agree most of the big name professional athletes are just really big names in America, you know? Again, basketball you have LeBron James. He's a global type of name. But when you talk about race car drivers like yourself, your international stars, the way soccer stars are. You're a young guy you're in your early 30s. I will never and Michael is past his 30s now, but way past 30. But you know Marcus will never live this lifestyle. So without giving us too many details, what's it like to be a young guy as a race car driver going around the circuit's first and F one and now again in Indy cars in terms of social lives and things like that, kind of give us a little bit of a jealous angle because I know Michael will be very jealous. I'm sure to hear what the lifestyle is like. Yes, do tell, do too. Please tell us. Especially I'm living my dream and I've been maybe many other streams as well. Driving race cars and traveling the world doing it, especially from one, it was we were racing all over the world. Constantly living on the road in a way. So that was a really cool lifestyle quite tough in some ways as well because I think I had somewhere between 250 to 70 travel days per year. So it was pretty pretty extreme. Or days on the road that started a little bit less traveling because we're all racing here in North America. But it's still super cool to go through all these different states and different places in America. I really enjoy that part of it that you get to experience a lot of cool places. And for me, I've always tried to do more than just go through the race tracks that try and see the world while also driving awesome race cars. So it's definitely a dream job. And I feel very, very lucky to do what I do. Formula One has announced that they're going to use a 100% sustainable fuel beginning in 2026. And it's part of the efforts, the development of the carbon neutral fuel. And it's part of the efforts. It will be a fuel that may be one day be used in consumer vehicles as well. Can you talk about that and part of that technology involved in racing? And will IndyCars pick that up one day? Yeah, it's interesting. You bring it up, you go at the indigo is actually going to 100% renewable fuel in 2023. And leading the way there. And there is that's something that's huge for us. And again, leading the way and showing that motor sport is focusing on these things because I think it's super important for us to support and then that's another thing we're in the car is really leading way and being like I said 100% of you will race you. I think that's pretty impressive. I got to say and yeah, it's another thing that the important for us as a sport is to lead the way, like I said. Marcus last question from me, can you, you're going 230 miles an hour around a track. I mean, how ridiculous is that? I mean, can you be a great driver? Thinking about the dangers as you're out on the course because if you do, it's going to affect your performance. Yeah, I mean, you know the risks in what you're doing. Obviously, like I said, doing 230 mph is there's going to be some risks involved in doing that, especially going to wheel with other guys, that speed. It's definitely risk involved. But there, again, you know, indicators in leading the way in base and we've implemented a lot of safety improvements over the years. One is a couple of years ago. We started with something called a windscreen that's covering the cockpit to help protect the drivers heads from flying objects or in crashes. And that was a huge thing for us as well. So there is always racist involved in more sports. I think it's always will be, but the priority always is to have the drivers and personnel and everyone at the track is safe as possible. Now Marcus, you started at 9 years old racing carts, you know, you're now, of course, pretty much exclusively in North America. Do you think here in America for a young kid 7, 8, 9 years old that wants
Bloomberg Radio New York
"marcus ericsson" Discussed on Bloomberg Radio New York
"They have had a lot of success recently with their programming. And we've kind of seen that even with TV ratings and arguably TV ratings are down across the board. But if you look at these two pieces of programming both raw and SmackDown, they've actually held up relatively well. So they're down about 30% over the past ten years. But if you just kind of look across the board in terms of other properties, they've had a really, really well. So I think their current strategy is working well. And so obviously they will want to kind of, I think, continue with that going forward as well. But again, it really depends on who is willing to kind of make a bid for the company. I got to ask you, you brought up endeavor earlier. The company that's me kind of makes sense. They may not have the cash flow to make a deal by themselves. You know, I'm impressed with what Liberty Media is done in terms of, you know, buying Formula One and making the deal with Netflix for that great show, a drive to survive. They've really kind of increased the value of that. What they've done with ownership and Michael. I mean, I think you've seen it in sports with the Atlanta Braves as well, is Liberty Media one of those companies that kind of might be sitting back there looking and saying, well, if the price is right or we find the right investor, this could be a product that we feel there's growth to. Oh, absolutely. I mean, if you think of John Malone and Greg maffei, I mean, these are really media veterans. They have extensive track records at maximizing media valuations. And they're really good where they really have a lot of expertise as they go out, acquire these media assets for less than 10 billion. And that's where kind of WWE falls square right into that. But you look at all their prior acquisitions, whether it's a Formula One, whether it's a SiriusXM Pandora. I mean, they've had so much of success with all of those companies. I think it definitely could provide a road map for a future strategy with WWE as well. Where do you see the future of wrestling in general as we head forward? Do we do we keep the ring? Do we keep the octagon? What's going to happen? I mean, it's held up really, really well. I mean, if that's what there's obviously, there is a great market for it. Obviously, maybe a little bit lower in terms of total TV viewership versus back in the Haiti. But it's still very, very valuable IP, it translates really well. And there is the super fan base that you have this extremely engaged that tunes into the programming very, very frequently. So I think as we kind of look forward, these TV rights or just the media deals in general hold a lot of value for any partner that's either going to acquire it or partner with it. So definitely future definitely seems bright for all sports properties and definitely WWE as well. Keith, thank you again for talking with us right here on the Bloomberg business of sports. Up next on the show as promised and exclusive interview with IndyCar racer and winner of last year's Indy 500 Marcus Ericsson. That's right ahead. On the Bloomberg business of sports on Michael Barr, you can follow me on Twitter at dick bar sports. I'm Dan schwarzman, follow me on Twitter at Dan
Bloomberg Radio New York
"marcus ericsson" Discussed on Bloomberg Radio New York
"Which includes the likes of this man. Marcus Ericsson, with the spirit. Of Ronnie penis and on board with his helmet. Joins Kenny brack as the only other Swede. Marcus Ericsson wins the Indianapolis 500 in the most dramatic way That's right. Oh, motorhead bar is all heat up. Join us later in the program, we'll talk to the winner of the 2022 Indy 500 race Swedish race driver, Marcus Ericsson. But first, the wrestling or sports entertainment Goliath WWE is seeking buyers for its media empire, but returning chairman Vince McMahon's $9 billion asking price for WWE, maybe too much for prospective buyers to grapple with, joining us to talk about this massive asking price is Bloomberg technology and media analyst geetha ragana. So Gaza, let's ring the bell See? We're in the wrestling. We are absolutely. Welcome to the Bloomberg business sports. Thank you so much. Well, let's start with the obvious here is like $9 billion. I mean, I know it's an empire, but that's a lot of money. It sure is. It's about a 35% premium to where the company is currently trading. At about 6 and a half billion in enterprise value. So definitely a fairly rich asking price. And if you just kind of look in terms of multiples and what it means for the rest of the media landscape. So it translates to about a 22 times EV to forward EBITDA multiple. That's at least twice the median for general entertainment companies, including Disney, Netflix, Warner Brothers, paramount. So definitely a pretty big premium there. But then if you look at it versus just pure entertainment companies that don't have any legacy TV networks. So if you look at it versus an endeavor or a Formula One, did the multiple then seems to look a lot more reasonable and justifiable. Keith, isn't this the perfect storm though in terms of timing for WWE? What I mean by that is you have the Saudis throwing money around in sports like it's growing on trees, right? I mean, the invested in soccer productions in their country. You know, boxing matches as well. They're probably willing to throw a ton of money here. Also, sports entities are just, you know, the value of them just continue to rise when you talk about teams, for instance. So for the WWE to hit the market now, is this kind of the perfect timing? Oh, it absolutely is. And for them, you made some excellent points in terms of valuations. When we kind of look across the landscape at recent rights deals that have come up, we've seen at least 50 to 70% increases in recent renewals. So if you just kind of look at the media landscape, I mean, this is an area where investors tend to be really, really bullish. Sports is the glue that kind of holds the entire TV ecosystem together. And so for WWE, in particular, this is a great time because this is their new TV rights, so they currently have deals with both NBC for raw as well as with Fox for SmackDown. And those deals are 5 year deals that come up for renewal in 2024. But actually, the renewal process starts right now. I mean, they're going to start their talks right now. The deal ends in 2024. And so they want to kind of, I guess, from that perspective too, that the timing kind of makes sense for them. I wonder with the unfortunately the turmoil that has happened now with the McMahon family. How much of an impact will that play on the price of them trying to sell the WWE? I mean, you have to think about it. He's a founder. He is, he's a former CEO. He's the creative force behind this company. This is his life's work. I mean, is he ready to kind of just walk away from it all? I'm not so sure. And if he kind of lingers on after a sale, again, I'm not sure whether partners would really like that or not. So it's a little bit of a gray area and I think investors also kind of wonder what exactly his intentions are here. Or whether this was just a way for him to get back to the company and not really sell the company. Again, I'm not really sure. But Keith, that said, though, McMahon hasn't been a silent owner, right? I mean, he's embedded his himself, his family, with in storylines, and let's face it, regardless of what he's been outside of the ring, and again, it doesn't seem like a great guy. The reality is he is a part of the storyline. So if somebody buys him, and this is a hypothetical, I guess, does it make sense to kind of sideline the McMahon's completely or is it possible to continue to have them play a role because of the fact they're so embedded? Yes, we're kind of depends who buys them, right? So if you have like a Comcast, I'm not necessarily even in Netflix, for instance. I'm not so sure they would want all that controversy. Yes, you would want Peter levesque who currently runs the creative and the content. He has done just a fabulous fabulous job with that and he's kind of really revamped the programming significantly. So I think they would definitely want him to stay on. There's no doubt about it. But as for the rest of the wins, I'm not so sure. Now, again, if the potential partner was an endeavor, it might be completely different because I think that actually makes for a nice fit. You look at endeavor, which owns UFC, which is closely associated with Dana White. And Dana White still runs UFC. And so there you kind of have you could have that nice fit between WWE, McMahon, and then you have UFC and data wide. And there, I think he can continue to be involved. But with other partners, I'm not so sure. One thing about the WWE compared to sport like the NFL or the NBA or whatever. The WWE, if you don't have the star wrestlers, you don't have a product. Yeah. And I just wonder now. What are some of the participants thinking about who are the wrestlers in the WWE about this sale? No, that's a great question. So obviously
Bloomberg Radio New York
"marcus ericsson" Discussed on Bloomberg Radio New York
"Right. Oh, motorhead bars. Join us later in the program. We'll talk to the winner of the 2022 Indy 500 race Swedish race driver, Marcus Ericsson. But first, the wrestling or sports entertainment Goliath WWE is seeking buyers for its media empire, but returning chairman Vince McMahon's $9 billion asking price for WWE may be too much for prospective buyers to grapple with, joining us to talk about this massive asking price is Bloomberg technology and media analyst geetha ragana. So Gaza, let's ring the bell. See? We're in the wrestling. We are absolutely. Welcome to the Bloomberg business reports. Thank you so much. Well, let's start with the obvious here is like $9 billion. I mean, I know it's an empire, but that's a lot of money. It sure is. It's about a 35% premium to where the company is currently trading. At about 6 and a half billion in enterprise value. So definitely a fairly rich asking price. And if you're just kind of look in terms of multiples and what it means for the rest of the media landscape. So it translates to about a 22 times EV to forward EBITDA multiple. That's at least twice the median for general entertainment companies, including Disney, Netflix, Warner Brothers, fairmount. So definitely a pretty big premium there. But then if you look at it versus just pure entertainment companies that don't have any legacy TV networks. So if you look at it versus an endeavor or a Formula One, the multiple then seems to look a lot more reasonable and justifiable. Keith, isn't this the perfect storm though in terms of timing for WWE? What I mean by that is you have the Saudis throwing money around in sports like it's growing on trees, right? I mean, the invested in soccer productions in their country. You know, boxing matches as well. They're probably willing to throw a ton of money here. Also, sports entities are just, you know, the value of them just continue to rise when you talk about teams, for instance. So for the WWE to hit the market now, is this kind of the perfect timing? Oh, it absolutely is. And for them, you made some excellent points in terms of valuations. When we kind of look across the landscape at recent rights deals that have come up, we've seen at least 50 to 70% increases in recent renewals. So if you just kind of look at the media landscape, I mean, this is an area where investors tend to be really, really bullish. Sports is the glue that kind of holds the entire TV ecosystem together. And so for WWE, in particular, this is a great time because this is their new TV rights, so they currently have deals with both NBC for raw as well as with Fox for SmackDown. And those deals are 5 year deals that come up for renewal in 2024. But actually, the renewal process starts right now. I mean, they're going to start their talks right now. The deal ends in 2024. And so they want to kind of, I guess, from that perspective too, that the timing kind of makes sense for them. I wonder with the unfortunately the turmoil that has happened now with the McMahon family. How much of an impact will that play on the price of them trying to sell the WWE? I mean, you have to think about it. He's a founder. He is, you know, he's the former CEO. He's the creative force behind this company. This is his life's work. I mean, is he ready to kind of just walk away from it all? I'm not so sure. And if he kind of lingers on after a sale, again, I'm not sure whether partners would really like that or not. So it's a little bit of a gray area and I think investors also kind of wonder what exactly his intentions are here. Or whether this was just a way for him to get back to the company and not really sell the company again, I'm not really sure. But Keith, that said, though, McMahon hasn't been a silent owner, right? I mean, he's embedded his himself, his family, with in storylines, and let's face it, regardless of what he's been outside of the ring. And again, it doesn't seem like a great guy. The reality is he is a part of the storyline. So if somebody buys him and this is a hypothetical, I guess. Does it make sense to kind of sideline the McMahon's completely or is it possible to continue to have them play a role because of the fact they're so embedded? Yes, we're kind of depends who buys them, right? So if you have like a Comcast, I'm not necessarily even in Netflix, for instance. I'm not so sure they would want all that controversy. Yes, you would want Peter levesque who currently runs the creative and the content. He has done just a fabulous fabulous job with that and he's kind of really revamped the programming significantly. So I think they would definitely want him to stay on. There's no doubt about it. But as for the rest of Vince, I'm not so sure. Now, again, if the potential partner was an endeavor, it might be completely different because I think that actually makes for a nice fit. You look at endeavor, which owns UFC, which is closely associated with Dana White. And Dana White still runs UFC. And so there you kind of have you could have that nice fit between WWE, McMahon, and then you have UFC and data vitamin. And there, I think he can continue to be involved. But with other partners, I'm not so sure. One thing about the WWE compared to sport like the NFL or the NBA or whatever. The WWE, if you don't have the star wrestlers, you don't have a product. Yeah. And I just wonder now. What are some of the participants thinking about who are the wrestlers in the WWE about this sale? No, that's a great question. So obviously they have had a lot of success recently with their programming. And we've kind of seen that even with TV ratings. And arguably, TV ratings are down across the board. But if you look at these two pieces of programming both raw and SmackDown, they've actually held up relatively well. So they're down about 30% over the past ten years. But if you just kind of look across the board in terms of other properties, they've had a really, really well. So I think their current strategy is working well. And so obviously they will want to kind of, I think, continue with that going forward as well. But again, it really depends on who is willing to kind of make a bid for the company. I got to ask you, you brought up endeavor earlier. The company that's me kind of makes sense. They may not have the cash flow to make a deal by themselves. You know, I'm impressed with what Liberty Media is done in terms of, you know, buying Formula One and making the deal with Netflix for that great show, a drive to survive. They've really kind of increased the value of that. What they've done with ownership and Michael. I mean, I think you've seen it in sports the Atlanta Braves as well, is Liberty Media one of those companies that kind of might be sitting back there looking and saying, well, if the price is right or we find the right investor, this could be a product that we feel there's growth to. Oh, absolutely. I mean, if you think of John Malone and Greg muffy, I mean, these are really media veterans. They have extensive track records at maximizing media valuations. And they're really good where they really have a lot of expertise as they go out, acquire these media assets for less than 10 billion. And that's where kind of WWE falls square right into that. But you look at all their prior acquisitions, whether it's a Formula One, whether it's a SiriusXM Pandora. I mean, they've had so much of success with all of those companies. I think it definitely could provide a road map for a future strategy with WWE as well. Where do you see the future of wrestling in general as we head forward? Do we keep the ring? Do we keep the octagon? What's going to happen? I mean, it's held up really, really well. I mean, if that's what there's obviously, there's a great market for it. Obviously, maybe a little bit lower in terms of total TV viewership versus back in the Haiti. But it's still very, very valuable IP. It translates really well. And there is the super fan base that you have this extremely engaged that tunes into the programming very, very frequently. So I think as we kind of look forward, these TV rights or just the media deals in general hold a lot of value for any partner that's either going to acquire it or partner with it. So definitely future definitely seems bright for all sports properties and definitely WWE as well. Keith, thank you again for talking with us right here on the Bloomberg business of sports. Up next on the show as promised and exclusive interview with Indy car racer and winner of last year's Indy 500 Marcus Ericsson. That's right ahead. On the Bloomberg business of sports on Michael Barr, you can follow me on Twitter at big bar sports. I'm Dan schwarzman follow me on Twitter at Dan underscore Schwartzman
Bloomberg Radio New York
"marcus ericsson" Discussed on Bloomberg Radio New York
"We explore the big money issues in the world of sports. I'm Michael Barr. I'm Dan Schwartzman. Let's continue our conversation now with Marcus Ericsson, professional IndyCar racer. He won the Indy 500 last year. Being the motorhead that I am in racing, I like to go home and watch old races, old Indy 500 races. I think it was something like in the 1961 or so whatever. And I'm listening to the announcers. They're saying, these cars can cost up to anywhere up to $25,000. Now, just for one car, it's about at least $3 million just for one car and lord don't wreck it because you're going to have a problem. And then the F one cars because you used to be an F one, that's almost $15 million a car. The cost is huge, but the technology is there in these cars. Can you comment more on that? It's incredible these days. It's the technology behind Formula One, but also an IndyCar now. We're going to hybrid engines and in the car next year, Formula One is already used in hybrid engines and they are very complex cars be safe and used to run them requires a lot of people just to have all the systems and settings in the right mode to even be able to stock them up. So it's pretty cool to see that and a lot of things that happen in Formula One and in the cars and translates to normal cars on the road. So it's pretty cool to be part of that. And then I think it's really cool that often in the car is going back through is now for 2024, which I think is a great success and it's a cool motor sport that moves in that direction. These last few years. You know, Marcus, here in the states, outside of, I think, NBA superstars. Most of the and I think Michael would agree most of the big name professional athletes are just really big names in America, you know? Again, basketball you have LeBron James. He's a global type of name. But when you talk about race car drivers like yourself, your international stars, the way soccer stars are. You're a young guy, you're in your early 30s. I will never and Michael is past his 30s now, but way back way past 30 seconds. But you know Marcus, we'll never live this lifestyle. So without giving us too many details, what's it like to be a young guy as a race car driver going around the circuits first and F one and now again in Indy cars in terms of social lives and things like that, kind of give us a little bit of a jealous angle because I know Mike will be very jealous. I'm sure to hear what the lifestyle is like. Yes, do tell, do too. Please tell us. I'm living my dream and I've been maybe many other stream as well. Driving race cars and traveling the world doing it, especially from one, it was we were racing all over the world. Constantly living on the road in a way. So that was a really cool lifestyle quite tough in some ways as well because I think I had somewhere between 250 to 70 travel days per year. So it was pretty pretty extreme or days on the road that started a little bit less traveling because we're all racing here in North America. But it's still super cool to go through all these different states and different places in America. I really enjoy that part of it that you get to experience a lot of cool places and for me I've always tried to do more than just go to the race tracks I try and see the world while also driving awesome race cars. So it's definitely a dream job and I feel very, very lucky to do what I do. Formula One has announced that they're going to use a 100% sustainable fuel beginning in 2026. And it's part of the efforts, the development of the carbon neutral fuel. And it's part of the efforts. It will be a fuel that may be one day be used in consumer vehicles as well. Can you talk about that and part of that technology involved in racing? And will IndyCars pick that up one day? Yeah, it's interesting. You bring it up, it goes the in the car is actually going to 100% renewable fuel in 2023. And leading the way there. And there is that's something that's huge for us. And then, again, leading the way and showing that motor sport is focusing on these things, which I think is super important for us to support. And then that's another thing we're in the car is really leading way and being like I said, a 100% renewable ratio. I think that's pretty impressive. I got to say, and yeah, it's another thing that is important for us as a sport. Just to lead the way, like I said. Marcus last question from me, can you, you're going 230 miles an hour around a track. I mean, how ridiculous is that? I mean, can you be a great driver? Thinking about the dangers as you're out on the course, because if you do, it's going to affect your performance. Yeah, I mean, you know the risks in what you're doing. Obviously, like I said, doing 230 mph, there's Wind at 500 last year. So that was super cool to make that history together with her. So it's definitely something that the series and authorship can actually raise and focus on. And they'll miss the CV network show hundred days during the coming year this spring, which will be really cool to follow us going up to the 500 this year. It's going to be our sort of drive survive. Nice behind the scenes. So that's going to be really cool and a big thing for our arts sports and for me as well So that's something that I hope a lot of people tune in to see how cool in the current pricing is. Marcus Ericsson, we just talked to Marcus Ericsson. He his last year's winner of the Indianapolis 500 formula F one driver. Oh man. Thank you, Marcus. Thank you. All right, thank you guys. Thanks for having me. You can follow our guest Marcus Ericsson on Instagram by searching Erickson underscore Marcus and the rest of the team at Chip Ganassi racing. Up next on the show, Dan Schwartzman, and our engineer, Sebastian Escobar, into the gauntlet, that is called the number of the week week week, week, week, week. That is straight ahead on
Bloomberg Radio New York
"marcus ericsson" Discussed on Bloomberg Radio New York
"Is like, all right, how do we win the next phrase? How do we win the next chapter? It's like this constant push for more constant push for more success that I'm very impressed with and start with shift and his leadership. Marcus, I wasn't as big a motorhead growing up as my colleague Michael, obviously, was and is, but I've become really a bigger fan of, I think, racing in general since Netflix F one drive to survive came out. And obviously season 5 is getting underway pretty much right now. So the question I have because I watched that show and I realized the car itself is so important. Is there a bigger difference say an Indy cars or F one cars in terms of the ability of the driver compared to the car itself? How much credit should the car get? How much credit should the driver get? Yeah, it's funny to say, I think the drive survive show that they're in from the one is that one of the biggest successes in sports probably. Definitely grown interest so much. And I was actually part of that first season for one episode. I guess that was my last year in F one. And that was fun being part of that. And it definitely, it's done an incredible job performer one. But I think like you say, one of the problems with Formula One is the fact that it's actually more the clean the compete than the drivers in many ways because everything has to build their own car. They have different resources and it just makes it a lot about being in the right car and right team at the right time. And for me, doing 5 years in Formula One, I never really got that stand to be in a top team or even like a midfield team. I was always in the smaller teams and then it really tough mentally. You want to succeed. You want to win. And when you don't have that opportunity and it really tough mentally to go and go racing like that and that was why coming to end the car, which is a one spec series and it's a lot more up to the drivers together with the team to maximize the package. It creates a very different kind of environment and it's more of a sport that way. And that's what I love about Indy car racing. Many sports are concerned now about concussions. Can you talk about the safety involved in just simply protecting drivers from concussions? Yeah, so we have special next devices that protect us and also the values around the whole message is also very advanced to protect us from impacts like that to help us not getting concussed. But of course, there's always a risk that it can happen, but there again, I feel like in the car it's done a very good deal the last few years to improve that and I feel like ten, 20 years back, it was a lot more common than it did, but yeah, it's definitely an area that's more focused on now compared to back in the day. Up next on the show, we continue our conversation with Indy race car driver Marcus Ericsson and talk will turn to fuel. We're going to talk about, especially F one developing carbon neutral fuel, and also the developments in indie racing. That is straight ahead on the Bloomberg business of sports. I'm Michael lebar alongside dad Schwartzman. This is Bloomberg.
Bloomberg Radio New York
"marcus ericsson" Discussed on Bloomberg Radio New York
"Formula One and making the deal with Netflix for that great show, a drive to survive. They've really kind of increased the value of that. What they've done with ownership and Michael. I mean, I think you've seen it in sports the Atlanta Braves as well, is Liberty Media one of those companies that kind of might be sitting back there looking and saying, well, if the price is right or we find the right investor, this could be a product that we feel there's growth to. Oh, absolutely. I mean, if you think of John Malone and Greg maffey, I mean, these are really media veterans. They have extensive track records at maximizing media valuations. And they're really good where they really have a lot of expertise as they go out acquire these media assets for less than 10 billion. And that's where kind of WWE falls square right into that. But you look at all their prior acquisitions, whether it's a Formula One, whether it's a SiriusXM Pandora. I mean, they've had so much of success with all of those companies. I think it definitely could provide a road map for a future strategy with WWE as well. Where do you see the future of wrestling in general as we head forward? Do we do we keep the ring? Do we keep the octagon? What's going to happen? I mean, it's held up really, really well. I mean, if that's what there's obviously, there is a great market for it. Obviously, maybe a little bit lower in terms of total TV viewership versus back in the Haiti. But it's still very, very valuable IP. It translates really well and there is the super fan base that you have that's extremely engaged that tunes into the programming very, very frequently. So I think as we kind of look forward, these TV rights or just the media deals in general hold a lot of value for any partner that's either going to acquire it or partner with it. So definitely future definitely seems bright for all sports properties and definitely WWE as well. Keith, thank you again for talking with us right here on the Bloomberg business of sports. Up next on the show as promised and exclusive interview with IndyCar racer and winner of last year's Indy 500 Marcus Ericsson. That's right ahead. On the Bloomberg business of sports on Michael Barr, you can follow me on Twitter at big bar sports. I'm Dan schwarzman, follow me on Twitter at Dan
Bloomberg Radio New York
"marcus ericsson" Discussed on Bloomberg Radio New York
"Of this man. Marcus Ericsson with the spirit of Ronnie penis and on board with his helmet. Joins Kenny brack as the only other Swede. Marcus Ericsson wins the Indianapolis 500 in the most dramatic way. That's right. Oh, motorhead bar is all heat up. Join us later in the program. We'll talk to the winner of the 2022 Indy 500 race Swedish race driver, Marcus Ericsson. But first, the wrestling or sports entertainment Goliath WWE is seeking buyers for its media empire, but returning chairman Vince McMahon's $9 billion asking price for WWE may be too much for prospective buyers to grapple with, joining us to talk about this massive asking price is Bloomberg technology and media analyst geetha ragana. So Gaza, let's ring the bell. See? We're in the wrestling. We are absolutely. Welcome to the Bloomberg business of sports. Thank you so much. Let's start with the obvious here is like $9 billion. I mean, I know it's an empire, but that's a lot of money. It sure is. It's about a 35% premium to where the company is currently trading. They're at about 6 and a half billion in enterprise value. So definitely a fairly rich asking price. And if you just kind of look in terms of multiples and what it means for the rest of the media landscape. So it translates to about a 22 times EV to forward EBITDA multiple. That's at least twice the median for general entertainment companies, including Disney, Netflix, Warner Brothers, fairmount. So definitely a pretty big premium there. But then if you look at it versus just pure entertainment companies that don't have any legacy TV networks. So if you look at it versus an endeavor or a Formula One, did the multiple then seems to look a lot more reasonable and justifiable. Keith, isn't this the perfect storm though in terms of timing for WWE? What I mean by that is you have the Saudis throwing money around in sports like it's growing on trees, right? I mean, the invested in soccer productions in their country. You know, boxing matches as well. They're probably willing to throw a ton of money here. Also, sports entities are just, you know, the value of them just continue to rise when you talk about teams, for instance. So for the WWE to hit the market now, isn't this kind of the perfect timing? Oh, it absolutely is. And for them, you made some excellent points in terms of valuations. When we kind of look across the landscape at recent rights deals that have come up, we've seen at least 50 to 70% increases in recent renewals. So if you just kind of look at the media landscape, I mean, this is an area where investors tend to be really, really bullish. Sports is the glue that kind of holds the entire TV ecosystem together. And so for WWE in particular, this is a great time because this is their new TV rights so they currently have deals with both NBC for raw as well as with Fox for SmackDown. And those deals are 5 year deals that come up for renewal in 2024. But actually the renewal process starts right now. I mean, they're going to start their talks right now. The deal ends in 2024. And so they want to kind of, I guess, from that perspective too, that the timing kind of makes sense for them. I wonder with the unfortunately the turmoil that has happened now with the McMahon family. How much of an impact will that play on the price of them trying to sell the WWE? I mean, you have to think about it. He's a founder. He is, you know, he's the former CEO. He's the creative force behind this company. This is his life's work. I mean, is he ready to kind of just walk away from it all? I'm not so sure. And if he kind of lingers on after a sale, again, I'm not sure whether partners would really like that or not. So it's a little bit of a gray area and I think investors also kind of wonder what exactly his intentions are here. Or whether this was just a way for him to get back to the company and not really sell the company. Again, I'm not really sure. But Keith, that said, though, McMahon hasn't been a silent owner, right? I mean, he's embedded himself, his family, with in storylines, and let's face it, regardless of what he's been outside of the ring and again, he doesn't seem like a great guy. The reality is he is a part of the storyline. So if somebody buys him, and this is a hypothetical, I guess. Does it make sense to kind of sideline the McMahon's completely or is it possible to continue to have them play a role because of the fact they're so embedded? Yes, it kind of depends who buys them, right? So if you have like a Comcast, I'm not necessarily even in Netflix, for instance. I'm not so sure they would want all that controversy. Yes, you would want Peter levesque who currently runs the creative and the content. He has done just a fabulous fabulous job with that and he's kind of really revamped the programming significantly. So I think they would definitely want him to stay on. There's no doubt about it. But as for the rest of Vince, I'm not so sure. Now, again, if the potential partner was an endeavor, it might be completely different because I think that actually makes for a nice fit. You look at endeavor, which owns UFC, which is closely associated with Dana White. And Dana White still runs UFC. And so there you kind of have you could have that nice fit between WWE, McMahon, and then you have UFC and data wide. And there, I think he can continue to be involved. But with other partners, I'm not so sure. One thing about the WWE compared to sport like the NFL or the NBA or whatever. The WWE, if you don't have the star wrestlers, you don't have a product. Yeah. And I just wonder now what are some of the participants thinking about who are the wrestlers in the WWE about this sale? No, that's a great question. So obviously they have had a lot of success recently with their programming. And we've kind of seen that even with TV ratings and arguably TV ratings are down across the board. But if you look at these two pieces of programming both raw and SmackDown, they've actually held up relatively well. So they're down about 30% over the past ten years. But if you just kind of look across the board in terms of other properties, they've had a really, really well. So I think their current strategy is working well. And so obviously they will want to kind of, I think, continue with that going forward as well. But again, it really depends on who is willing to kind of make a bid for the company. I got to ask you, you brought up endeavor earlier. The company that's me kind of makes sense. They may not have the cash flow to make a deal by themselves. You know, I'm impressed with what Liberty Media's done in terms of, you know, buying
Bloomberg Radio New York
"marcus ericsson" Discussed on Bloomberg Radio New York
"Around the world Here's Dan Schwartzman Thanks dag Topsy Novak Djokovic rolls into the quarterfinals of the French Open in straight sets over 15 San Diego Schwartzman to set up a matchup against 13 time open winner 5th seed Rafa Nadal in the quarters after the Spaniard outlasted 19 Felix aux alias ema in 5 sets Also advancing our third seat Alexander zverev in 6 C Carlos alcaraz both intrigued sets Meanwhile the women's rock two Americans advanced the quarterfinals as 18 sea coco Goff and unseated Sloane Stephens both move on and straight sets as is Martina trevisan while 27 seated American Amanda sumo is beaten in three sets by 17 seed Layla Fernández Sweden's Marcus Ericsson wins the Indy 500 over Mexico's Pato award to take home his third career IndyCar victory in 52 races More than 300,000 spectators were in attendance making the race the biggest sporting event since the start of the pandemic The NBA Eastern Conference Finals coming to an end tonight as a Miami heater hosting the Boston Celtics in game 7 but the series tied at three games each Miami is coming off a game 6 one 11 to one O three win in Boston with Jimmy Butler's scoring 47 points Veteran center Jason spezza at the Toronto Maple Leafs has announced his retirement from the NHL after 19 seasons and will join the team's front offices a special assistant to the general manager The 38 year old leaves a 363 career goals and 995 points while playing for Ottawa Dallas in Toronto I'm Dan swordsman that your Bloomberg world sports op aid Markets headlines and breaking news 24 hours a day At Bloomberg dot com the Bloomberg business app And at Bloomberg quick take This is a Bloomberg business lash It wasn't a lot of movement in the Japanese yen where the dollar was concerned in the Friday session and we are a little changed right now at one 27 15.
WIBC 93.1FM
"marcus ericsson" Discussed on WIBC 93.1FM
"J. C W. Johnson City, Tennessee, W M. R. E in Charleston, West Virginia and W I am A in Lima, Ohio. Davey Hamilton. Feels like this caution could have timed out perfectly for some not so good for others. Let's talk a little bit about the strategy. First of all, How do you think this affects our new race leader Graham Ray Hall? Well, I think may her grandma. Unfortunately, we'll just have to wait and see. Now he needed about six laps of fuel to get to the end of this race. If this caution goes six laps and may benefit him, it just depends on how long this yellow is going to be. Who I think it definitely advantage is the guys we talked about that went off course. The first lap Pelo Dixon Rossi Rosenquist because they were barely going to make it on feel barely with this yellow and helps them they'll just stay on their strategy. They already made their first pit stop under yellow. They just stick with what they're doing. It may advantage those as well. So because when we see that the ones that came in which was award dating power for those that fit again, they cannot make it to the end anyway, so they're going to have to put again. So what you're saying is those guys that thought they were being slick jumping on pit lane right before the caution, they still got to pitch again. And now they've lost all track position to Dixon. And that's right. They lost track position. You remember work still in 12. A lot of things can happen up in front of him. But I really think that with him having to make one more stop and majority of the drivers in front of them, including Ray Hawk and possibly with this yellow, like I said, it needs to be a long yellow grams, praying for a long yellow. I don't know that it will be because it's just too offs. But the longer the better for Graham, but the ones that may take advantage of Pelo for sure. Dixon for sure. Rossi Rosenquist heard of those drivers. They should just be able to stay on their normal strategy. Be okay for more on the strategy involving our race leader Graham Ray Hall. Let's go back to Pit Lane and Ryan Marine The radio channel. To this point, guys indicates that they do think this fits into their strategy. All right. They are having Graham save some fuel here Under this yellow. There's still crunching some numbers to make sure that they feel like this shook out the way that they initially thought, but If that is indeed the case, they are quite confident that this did fall into their hands. They asked Graham just a moment ago. How is the tire deg been, he said. It's been good, just a little bit of a problem with a slight bit of wear on the left front win on Reds. That's what they will keep an eye on. But all in all everyone quite calm and optimistic here in the hotel camp for Graham, Ray Hall, David how about the day for Joseph New Garden pitted four laps after Ray Hall, but still five laps prior to guys like below, and Dixon he finds Himself in fifth has Tim cigarette. Have they kind of worked a little magic here to get him up into the top five? Yeah, You know, I don't know if it's magic her luck because drivers being sent to the back and new garden was already back there. They made that initial pit stop early on to this race under yellow Elect 10. I think it was nine or 10. Then go back grain to like 11 or 12. So it right now, as I said, when I was going if it's state grain, and oh, man, this this is going to fall into all those drivers hands with blow leading that pack. I figured that he had a really good opportunity think he still does? But don't forget Jack Harvey is in front of polo. He pitted on lap 40. He's with this yellow. It may give him enough fuel to make it to the end with that one more stop as well. Yeah, your leader's They kind of cycle out based on how they pitted Graham Ray Hall pitted on lap 35 at Jones was able to go to lapse longer on 37 Harvey. With three laps longer until lap 40. And then you've got that group that is only alternate strategy. Starting with Alex below. Who is your points Leader as they run right now. Three markers over Pato Awards 16 over New Garden 38 over Dixon and 71 over Marcus Ericsson. Your top five here in the Grand Prix of Portland Grammar Hall, Ed Jones, Jack Harvey, Alex Below and Joseph New Garden as we work the second full course caution. We've had six different leaders today. Seven lead changes as we have also reached The halfway point of this event. 55 laps in 55 laps to go running at six. Joseph New York City's got Nixon New Garden runs in the fifth. Alexander Rossi is seventh. Masada was eight. Felix Rosenquist is nine. Colton Heard of is 10th some of the lap leaders today Pato award has led 28 laps. Grammar hall 18 laps on the day, Jack Harvey and Scott Dixon of both lead three laps at Jones with two biggest movers from their initial starting position. How about Takuma Sato? He is Plus 18 on the day from the back of the pack up to the eighth spot. Jack Harvey has had a nice day. He is plus 17. And then as we mentioned Joseph New Garden started 18th today, but he has found his way to the top five. He is plus 13 and fastest lap of the race so far has been turned. By Rina Speak a at a minute flat. The lights are off of the pace car. It was relatively quick cleanup Davey Hamilton, So it's just going to be fascinating to see the good news program Ray Hall We saw he could go long during that first stint. But ultimately you're saying the question is, Can he go long and make just one more stop? Or is it going to be tight to make two? He I think you'll really have to say fuel from now to end this race, but what better place to be in that safe fuel, But In the lead. Making the other other drivers try to catch you and passed. Everybody behind him has more fuel than if everybody, including second place as two more laps than him. Harvey and third place has five more laps than he does flow has four more so RAM could be in the driver's seat is all about feeling right now, they all have one more stop to make it to see if he could save a few on this yellow J Query Pace car is pulling away from.
WIBC 93.1FM
"marcus ericsson" Discussed on WIBC 93.1FM
"2nd 3rd 4th Place cars and I think part award started seven. He's leading this race. Ray Hall started. I think fifth maybe or something. He is in that second position, but the guys that all crashed big damage to grow John Willpower and Hinchcliffe. August. Smoking in there too hot. Amazingly enough. Usually you have an opening lap accident. The last place you want to be as mid pack. But it was the drivers at the front of the field who are going to take a hit as you mentioned because they missed the corner and then drivers at the back of the pack that got damaged race cars. It's amazing Pot Award. Grant Ray all really the only to cleanly make it through Turns one and two, and that's why they have jumped from seventh Starting position will work now your race leader Graham Ray, home started fifth now runs second. Felix Rosenquist is Third Scott Dixon runs fourth. Jones has jumped up from eighth to the fifth position, and then you've got our pole sitter Alex Below who runs in the sixth spot. Colton Herta is seventh. Alexander Rossi, who was on the front row. He all of a sudden finds himself in eighth. Marcus Ericsson is ninth and Sebastian Bourdais 10th. So David Basically, we threw everybody in the blender puree, and that's our lineup are are are official running order After three laps? Yeah, there's several cars Colton Herta. He cut the corner as well. Now I don't know the exact rule. He did go over the curbing, So I don't know if you go If you hit the curbing and you get you come out where you are, or if you have to go through that chicane. Colton did not go through that chicane, so I don't know if there's a penalty there or not. I think he's okay. But I'm not 100% sure watching Elio Castroneves car being taken off the race track by a record tough, tough weekend for him. Maybe so much speed from Elio. He was towards the top of the charts. Yesterday morning during practice but frustrating return to Portland for the fourth time Indy 500 champion Yes, sure is and like you said after such a good run yesterday. It's been 20 years since he's raced at this facility and be able to come out yesterday. After 20 year absence on this track and run as fast he found himself on top. The charge. A lot of fun ended up. I think the top three uh but they qualified. Just didn't hit it right. Just missed Mr points on the race track where he needed to be fast and qualified well and then, unfortunately out on the first lacquer today, So we just got word that any cars working on the official running order. Best of luck to them because of this messy start, and David, We also heard that the car is going to take no action and boy there was so much going on. Bably seems like a good call. How do you light light throwing penalties and drivers with his chaotic as that was? Yeah, you know. It seems like every year, it doesn't matter what series by the way that race here, turn one's always an issue on the first lap, so you know we sometimes we had an issue with turn one and middle. I'll short straightaway getting into Turn one, so they made the start line on the back straightaway going into a little bit of a different corner, where they spread out a little bit more. Not so sure would be a good idea that maybe start these guys on the back straightaway to where that maybe get strung out before they all pile up down into turn one so working lap number five under caution. With the opening lap accident that has taken Roman grow. Sean Elliott, Castro Neves and James Hinchcliffe unofficially out of the race. Castro Neves is he's being scored right now. 26, Grosjean and Hinchcliffe. Have already fallen four laps down, and it's Ryan Marine and Alex Wolff touched off the damage on those cars. Pretty significant right now. Those are the three drivers that have looked to have gotten the worst of this opening lap accident. It is part of award Grant Ray Hall, Felix Rosenquist, Scott Dixon and Jones. Your top five Alex Blow runs in sixth. Colton Herta seventh. Alexander Rossi. Eight. Marcus Ericsson ninth Sebastian Board A is 10 Scott McLaughlin runs in the 11th position. Max Chilton is 12th counter daily 13th Simon Passion on 14. Marina. Speak 1/15. Jack Harvey is 16 Takuma Sato 17th Kalem Island, Making his IndyCar debut runs in the 18th position. 19th is killing 30th is Ryan Hunter Ray. Jimmy Johnson is 21st Joseph New Garden Boy started 18th. He's already lost some spots running the 22nd position. Oliver ask you got turned in that opening lap accident he runs in 23rd willpower has made a couple trips to pit lane was some damage that looks like the right side of That race car He runs in 24th, but is still on the lead lap. And then it is Hinchcliffe. Castro, Neves and Grosjean, 25th, 26th and 27th final car on the lead lap. I just mentioned it, Ryan Marine is will power and he's been busy in front of you on pit Lane has made two trips to the pit lane, and they've already replaced the nose cone that part of the repair was quick. But it's that under wing that they're trying to repair and David could talk a bit about what that underweight does as far as generating performance on an Indy car. But the leading edge is what they're most concerned about on that under wing that going to work with the bear bond to try and Get that, in His best of shape is possible for willpower the rest of the way. But, David when you hear that What do you think Will power is in store for the rest of this race? If he's got that under wing damage, and that's exactly what it is under wing. So that means down force of that race car and you need all the mechanical and down four script that you can get at this very flat. Portland International Raceway, so it will affect him. There's no question about it, how much we're not sure until you get going, but any time that under wing is damaged, that it does affect straightaway speed, it could put more dragon there and definitely less down force. So again, working a full course caution here in Portland International Raceway. How has this melee shaking up? The points? Well are points that are coming to this weekend was part of award and he's the big winner right now is he has jumped to the race lead. As he is up 34 points on the entire field. Working black number six opening lap accident takes up a hand full of drivers. Hinchcliffe Castro members grow John out of the race infections. Hinchcliffe was out of his car back in the paddock. We know Helio Castro Neves. This car has been told back to the paddock as well. So they're days are done at Davey Hamilton for these drivers when you get so psyched up to go racing, and now all of a sudden you gotta back it back down to run. 56 laps under caution. Yeah, Wait a minute. We got to go through. Turn one again. This is going to be single file, but there's going to be 20 Plus cars still out there. We have 24 still running three out of this race. Uh, but, man, you look at some big movers. I think Simon Pashto actually started like 22nd in this race is currently 14th so guys and.
WIBC 93.1FM
"marcus ericsson" Discussed on WIBC 93.1FM
"Can see all of turn number 3456 and seven as the field that will release And determined number eight. Basically turn Number four is a tight right hander that drivers will have to stab those breaks. It really slow the cars down, Then they'll be back of that cell accelerator ever so slightly as they make their way to another right hander, which is turn number five. There are some gator strips on the inside and outside of that turn that a quick run up to turn number six. And as you heard Sebastian board, they say. A little bit of oversteer as you head into turn number six, and then they will streak their way down into turn Number seven. That's not a very long stretch of track at all, actually about 300 yards or so as the field starts to make their way on the second parade lab. Amazing How many cars are here this afternoon? It's going to be an exciting race. And as the field exits turn number seven coming in the view of our very own shake query so much, Michael Turn seven is a right handed turn. And then that leads to kind of a slight kink to the left, which there And starts a long Sweep that is very subtle, but it is technically turned number eight, and it works to the right hand side that then a long straightaway leads to a left hander that is turn number nine, followed by a quick bit to the right turn number 10 and then a sharper turn number 11 essentially a toe if you will, at the end of completing a lap here of the 12 turn just under two miles circuit. At the Portland International Raceway is the field. Nick starts to navigate their way through that area of the racetrack right now, 110 laps the scheduled distance for today's race. Let's get a final check in with our pit reporters and what they will be watching. We'll start with Alex Wolff. Well, then we have in my section of foot in today in a foot in tomorrow at pit in Callum Ilott, his first run for whom Coast challenger racing as they get ready for a run in 2020 to 45 with Oliver Ask you, Ray. However Atlantic and racing he'll run the last three years. He auditions potentially for 2022 driving Elio Castro Nevers back in the 06 for the rest of the season with buyers shank racing. He'll run for them full time next year, But all eyes and mice section on Alex. Hello. Second in the points standings after two tough runs last two races. Lets you have potentially right at the ship with the pole position. Now let's head further up the pit Lane and Ryan Marines. Thanks so much Alex In my Section four of the five drivers that remain in championship contention. They will be pitting here. Those four pots award Marcus Ericsson, Scott Dixon and Joseph New Garden, Joseph New Garden, of course, part of the four car Team Penske Group. They're all pitted in this section also And they all have a lot of work to do. None of them made it out of their first groups in qualifying yesterday. It is a tight, narrow pit lane 27 cars crammed into it. Very likely. Races will be one and or lost here in the pit line over the course of.
WGN Radio
"marcus ericsson" Discussed on WGN Radio
"A T six is from the fourth Flying Training Squadron, Columbus Air Force Base, today's flyover. Now let's meet the starting lineup for the Honda Indy 200 at mid Ohio. Row. 13 Ryan Norman, United States. Jimmy Johnson, United States Road, 12 Conor Daly, United States. Jack Harvey Lincoln, England Row 11 Santino Ferrucci, United States. Don't Kill it. Canada Row 10 Patricio AWARD. Monterrey, Mexico. Takuma Sato, Japan, Row nine, goes on friends. Max Chilton, England, Row eight. Jones, Dubai Simon Vaginal, France, Row seven. Scott McLaughlin, New Zealand. Felix Rosenquist, Sweden, Rose six. Suggestion. France three Ms VK, the Netherlands, Row five. Ryan Hunter Ray, United States, James since Cliff Canada. Low. Four G Ray Hall, United States of America. Alex Bello, Spain Road three. Alexander Rossi, United States, Scott Dixon, New Zealand road to Willpower. Australia. Marcus Ericsson, Sweden, on the outside of Rwanda, Golden Heard of the United States of America and starting on the pole. Joseph New Garden, United States. Hi. I'm IndyCar driver Josef New Garden with a message from outrun the sun. Did you know if you filled the Indianapolis.