The Importance of Thinking Across the League Level

In many instances, you do have multiple investment positions within a league. So you can take a broader view of what's great to the league is great for every franchise. We think it could be incredibly valuable for some of the North American leagues to build their franchise in Europe. Could you start a feeder league or a sister league under the brand of a North American league in Europe? Those are all things that they get talked about in the ecosystem regularly but they do require capital and a partner to kind of help execute.