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The CNBC Sport videocast brings you interviews with the biggest names in the business. In this week's episode, CNBC's Alex Sherman sits down with Gerry Cardinale, RedBird Capital's founder and managing partner. They talk about the sky-high valuations and why Cardinale says some normalization needs to take place. They also discuss the current media landscape, RedBird's investment his future ambitions for a Las Vegas franchise with LeBron James. Watch the full conversation above, and sign up to receive future editions of the CNBC Sport newsletter straight to your inbox: https://www.cnbc.com/lander?id=sport-... Chapters: 00:00 Introduction 00:19 Investing in sports 05:48 The sports flywheel 08:41 Sports ownership 12:41 Conglomerate ownership groups 14:48 Media rights deals 23:39 The business case for UFL 29:06 SpringHill & LeBron James 31:30 RedBird today Reporter: Alex Sherman Senior Field Producer: Jessica Golden Senior Producer: Nick Robertson Senior Managing Producer: Tala Hadavi Edited by: Tim Hurt Animation: Jason Reginato Additional Footage: Getty Images For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/42d859g » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Watch CNBC on the go with CNBC+: https://www.cnbc.com/WatchCNBCPlus Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC on Threads: https://cnb.cx/threads Follow CNBC News on X: https://cnb.cx/FollowCNBC Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC https://www.cnbc.com/select/best-cred... #CNBC #CNBCTV #Sports RedBird's Gerry Cardinale Warns There Is An Asset Bubble In Sports Happening