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Daymond JohnDaymond John

CBD is the next big industry bubble

[The next bubble is] CBD. I like CBD if it's the real stuff, but I think that there are a lot of fly-by-night companies right now that are trying to capitalize on it.

The CBD market did indeed see a massive 'green rush' followed by a significant correction and consolidation as many early companies failed to survive regulatory hurdles and over-saturation.
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Brendan SchaubBrendan Schaub

The UFC is copying the WWE business plan to a T

Vince McMahon is where the UFC, if you watch what WWE has done, the UFC's copying their plan to a tee. So if they make a move, plan on the UFC making the same move.

In 2023, the UFC and WWE merged into a single public company, TKO Group Holdings, essentially becoming the same business entity.
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Jon TafferJon Taffer

The craft beer industry is currently being killed by bankers

Craft beer is getting freaking killed right now. And what's happened in the craft beer world... originally when people started making craft beers, they were into the beer. Now they're freaking bankers that are into the money. So half the craft beers now suck.

Craft beer growth slowed significantly in the late 2010s and early 2020s, and many regional breweries were indeed bought by larger conglomerates or private equity, supporting his 'bankers' point.
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Jon TafferJon Taffer

Digital menus where you touch items to see pictures are the future of dining

Here's what's going to happen with digital menus... We're going to look at a menu. We're going to see stuff listed... When I touch the item, I'll see the picture... and then it'll disappear... so I can see it when I want to.

The industry shifted heavily toward digital and QR-based menus, many with interactive photos, particularly after the 2020 pandemic.
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HankHank

Millennials are saving the frozen food industry

Frozen food is also back. So a lot of people bash us millennials and say we're only good for avocados and things of that nature. But it turns out that millennials are saving the frozen food industry.

Industry data from 2018-2020 did indeed show a resurgence in frozen food sales driven by younger demographics seeking convenience.
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PFT CommenterPFT Commenter

Taco Bell's CEO is the perfect hire for Chipotle

Chipotle just hired Taco Bell's CEO. And we all know that Taco Bell never causes any sort of intestinal discomfort. ... It's really the only hire that you can make if you're Chipotle. Like, who else in America knows how to package tortillas, rice, tomatoes, cheese, meat, and sour cream?

Brian Niccol was widely credited with a massive turnaround at Chipotle after joining in 2018.
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Cordarrelle PattersonCordarrelle Patterson

Every NFL player wants to play in Las Vegas because it's cheap and there's no state income tax

Everybody want to play in Las Vegas because it's cheap out there, for one. And the taxes is nothing like California taxes... who wouldn't want to live out there?

Nevada indeed has no state income tax, making it a highly desirable destination for professional athletes financially.
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Anthony ScaramucciAnthony Scaramucci

You can get rich by doubling your money every six or seven years

What you got to do is you got to double your money every six, seven years. You double your money six, seven years, by the time you get to my age, you'll be a very rich guy.

The math of compound interest is a factual law of finance.
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Mike FlorioMike Florio

If the Panthers sell for less than $1.4 billion, the NFL has cause for concern

I think the Bills were the last team that sold and they went for 1-4. So if you get south of 1-4, I think there's cause for concern. But if it's less than a billion, then it's like, holy shit.

The Panthers sold for $2.275 billion in 2018, well above Florio's 'concern' threshold of $1.4 billion.
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Richie IncognitoRichie Incognito

NFL players have no leverage in CBA negotiations because they will never strike

I think they're [the owners] going to take us behind the woodshed again. They got us last time. We have no leverage because we'll never strike. They'll lock us out and really kind of just dictate the terms of everything with us.

The 2020 CBA was passed without a strike and was seen as a major victory for owners, including the addition of a 17th game, largely confirming Incognito's lack of leverage claim.
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Chad MillmanChad Millman

Sports betting will be legalized across the United States within 12 to 36 months

When do you think, if you had to guess a date? [Big Cat asks] 12 to 36 months. ... The Supreme Court in two and a half weeks is going to hear a case that is New Jersey brought against the Department of Justice to have all of the sports betting ban overturned. It's called PASPA. ... They will rule in June. Depending on how they rule is going to have a huge impact.

The Supreme Court overturned PASPA in May 2018, roughly 6 months after this interview, allowing states to legalize sports betting. Legalization began immediately thereafter.
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PFT CommenterPFT Commenter

Pardon My Take is fueling the record growth of the American economy and stock market

Since we started this podcast, the stock market has never been higher in the history of the United States. So put two and two together.

The stock market did reach historic highs during this period, though the causal link to the podcast is purely comedic.
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Mike LeachMike Leach

Texas is the only state that exercises sovereign immunity on contracts

Sovereign immunity is really appealing to third world dictators. ... the only state, the only state that exercises sovereign immunity on contracts is Texas. ... every state in the country eliminated exercising sovereign immunity on contracts, except for Texas does it to this day. ... And North Korea, I mean, sovereign immunity is a big deal with North Korea, Somalia. And that, you know, that's the company that's being kept if you exercise sovereign immunity on contracts.

While several states have forms of sovereign immunity, Leach's specific claim about its application to breach of contract in Texas is a central point of his long-running legal dispute with Texas Tech.
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Jon TafferJon Taffer

70% of people make a right-hand turn when they walk into a mall

i'm just i'm just a fucking nutcase guys i mean i pick apart and study and you know everything like 70 of people that walk into a mall make a right hand turn now that bothers the shit out of me and because it's true

Studies on consumer behavior frequently cite the 'invariant right' phenomenon, where the majority of shoppers turn right upon entering.
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Jon TafferJon Taffer

An overcrowded bar actually makes less money than one with 20% fewer people

You know what's funny is that bar with 20% less people in it would actually make more money that night. And that's the sign of a rookie owner. Because when a bar gets that crowded, I can't get waitresses to you. Bartenders can't serve everyone. Half the people in the room don't have drinks.

This is a recognized principle in hospitality management regarding service capacity and efficiency.
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Big CatBig Cat

Legalized gambling will be available across the country in five years.

Football in Vegas, I'm saying, calling your shot five years, say five years, legalized gambling all across the country, it's going to be great.

The Supreme Court overturned the federal ban on sports betting (PASPA) in May 2018, and it spread to dozens of states within Big Cat's 5-year window.
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PFT CommenterPFT Commenter

Sports TV ratings would be considerably lower if there was no sports gambling

The ratings in general for places like ESPN and all the networks that are airing sports would be considerably lower if there was no sports gambling at all.

While hard to isolate, the massive viewership for late-game spreads and the subsequent lean-in from major leagues and networks supports this.
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Scott Van PeltScott Van Pelt

Sports gambling will be legal everywhere in the next 10 years

When do you think it's going to be legalized? ... I don't know, 10 years? I mean, how many states right now can you buy weed legally? ... It's going to be legal in some period of time. I don't know what the time frame is.

The Supreme Court overturned the federal ban in 2018; sports betting is now legal in the majority of US states.
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Stu FeinerStu Feiner

Sports gambling will be legalized 100% across the United States

In the near future, do you see sports gambling being legalized across the country? 100%. Oh, my God. I'll be a multimillionaire overnight because I can advertise everywhere then. I can advertise any station.

In 2018, the Supreme Court struck down the federal ban on sports betting, leading to rapid legalization across many states.
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PFT CommenterPFT Commenter

The website Fantex, which sold stock in athletes, is a total scam

I went to Fantex.com. You'll remember Fantex is the company that allowed you to buy stock in professional athletes. Totally reputable company where you could pay like $10,000 to get like half a percentage of half a percentage of Arian Foster's future earnings. Not a Ponzi scheme. Not a Ponzi scheme at all. Totally legit, above board, and their website's not working.

OpinionBusinessHotSarcastic
Fantex eventually ceased its trading platform operations and underwent various corporate shifts, validating the skepticism about the sustainability of its business model.
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Richard DeitschRichard Deitsch

ESPN's future is secure despite cord-cutting

ESPN is a billion-dollar machine. They are not in trouble at all in terms of long-term standing... I think eventually we will get to a point where you will be able to purchase ESPN Singular on whatever device you use... they're still going to get millions and millions of people to make that purchase.

ESPN eventually launched ESPN+ and has announced plans for a full flagship DTC service (Flagship) for 2025, confirming the shift Deitsch predicted.
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HankHank

Instagram Stories will be a massive threat to Snapchat's market dominance

Originally, Snapchat completely had the market, but now Instagram is coming in hot... Instagram, Mark Zuckerberg literally took Snapchat and just added it on Instagram... It's going to be a battle.

Instagram Stories eventually surpassed Snapchat in daily active users and significantly slowed Snapchat's growth.
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Big CatBig Cat

I side with Darren Rovell over Dana White

Ravel and Dana White are in a fight, which is the nerd and the jock. I obviously side with Ravel here. It seems as though he's in the right.

Correct. The UFC was sold in July 2016 for approximately $4 billion, confirming Rovell's report that Dana White had initially denied.
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PFT CommenterPFT Commenter

Twitter is going to turn into a television station for a while

So Twitter just agreed to broadcast 10 of the 16 Thursday night football games next year. What's going to happen, I think, is Twitter's going to just turn into a television station for a while.

Twitter (now X) and other platforms like Amazon Prime eventually became major broadcasters for live NFL games.
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Mr. PortnoyMr. Portnoy

Disney and ESPN have the power to push Pardon My Take around as a 'big guy' vs 'little guy' dynamic

Oh, it's definitely ESPN and Disney pushing around the little guy, but they have the ability to push you around. That's what big guys do to little guys. That's what the economy and life is all about, I guess. ... This isn't going to go away unless something is done. I don't think you can keep in the posture that you're in right now and basically get back to them and say, F you. I don't think that's going to get you very far.

PMT eventually had to change their logo and modify their branding elements to settle the dispute with ESPN.

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