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Join host Matt Zeigler for a fascinating conversation with Jason Buck (volatility hedge fund manager) and Roger Mitchell (former EMI music executive and Scottish Premier League CEO, turned sports industry consultant) as they dive deep into the business of sports, entertainment, and culture. This wide-ranging discussion explores everything from the economics of European football and the challenges of sports ownership to the parallels between the music industry and professional sports. Roger shares insights from his unique career journey and discusses why American-style closed leagues might be the future of European sports. Jason brings his perspective on financial markets, models, and survival strategies for local teams in a global (and very online) world. Not to mention, this episode is worth more than a few laughs! Key topics include: The cultural dynamics of football clubs like Celtic vs Rangers Why smart business people often make irrational decisions in sports The impact of streaming and piracy on sports media rights The future of sports entertainment and fan engagement The importance of community in local sports clubs The challenges of maintaining profitable sports businesses Whether you're interested in sports business, investment strategy, or the entertainment industry, this conversation offers unique insights from two experts with fascinating career paths and perspectives. [00:00:00] "The greatest business opportunity is in customer service" [00:01:00] Show introduction and host welcome [00:02:20] Introduction of Jason Buck [00:03:36] Introduction of Roger Mitchell [00:05:08] Jason's background in 1998 [00:05:45] Roger's transition from Virgin Music to Scottish Premier League [00:09:57] Discussion of European soccer culture and Celtic vs Rangers rivalry [00:13:17] The challenges of sports team ownership [00:15:47] Managing emotions in sports business [00:21:07] Analysis of soccer valuations and investment [00:25:24] Community assets vs commercial enterprises in sports [00:29:57] The future of sports media rights [00:35:14] Discussion of American soccer and MLS challenges [00:39:42] Women's sports investment thesis [00:43:50] Analysis of Formula 1 business model [00:48:36] The impact of piracy on sports media [00:54:16] The importance of sports history and legacy [00:59:57] Discussion of Man United's lasting influence [01:05:11] Analysis of American sports business models [01:15:54] The future of sports entertainment [01:21:29] Formula 1 valuations and business structure [01:25:10] Career paths and life lessons [01:29:22] The value of human customer service [01:35:21] Sports fandom and regional differences [01:41:00] Stories from the music industry [01:43:32] Where to follow the guests [01:45:45] Show outro and disclaimers