The Closer: Deals Change the World

A new kind of money is flooding into professional sports: sovereign wealth. Aimee and Ben check in on Saudi Arabia's ownership of Newcastle United – who have now qualified for the Champions League – and why sportswashing is so prevalent and successful for these investors.Is there a business or deal story that you’d like Aimee and Ben to cover? Get in touch! You can email us at hello@thecloser.fm or find us on Twitter or Instagram @thecloserpod.The Closer is a Project Brazen production. Subscribe to Brazen+ on Apple Podcasts or at brazen.fm/plus and get exclusive bonus episodes for The Closer and all our shows, as well as ad-free listening and early access to new podcasts. For more fearless storytelling visit brazen.fm, home to all our podcasts, documentaries and newsletters. At Brazen, we show you how the world really works – from espionage and corruption to deal-making and organised crime, we’ll take you inside stories from hidden worlds. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://brazen.fm/plus/

HBO and Discovery are getting a new streaming home. This week, Warner Bros Discovery rolled out "Max," its new unified app, as part of a push to compete with platforms like Hulu, Netflix and Disney+. Aimee and Ben discuss how it could signal a new front in the competition among streamers. Is there a business or deal story that you’d like Aimee and Ben to cover? Get in touch! You can email us at hello@thecloser.fm or find us on Twitter or Instagram @thecloserpod. The Closer is a Project Brazen production. Subscribe to Brazen+ on Apple Podcasts or at brazen.fm/plus and get exclusive bonus episodes for The Closer and all our shows, as well as ad-free listening and early access to new podcasts.  For more fearless storytelling visit brazen.fm, home to all our podcasts, documentaries and newsletters. At Brazen, we show you how the world really works – from espionage and corruption to deal-making and organised crime, we’ll take you inside stories from hidden worlds. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://brazen.fm/plus/

Hundreds of thousands of Japanese companies have a problem – their founders are aging without a successor in sight. One entrepreneur has built his $1.3 billion fortune on a solution.Is there a business or deal story that you’d like Aimee and Ben to cover? Get in touch! You can email us at hello@thecloser.fm or find us on Twitter or Instagram @thecloserpod.The Closer is a Project Brazen production. Subscribe to Brazen+ on Apple Podcasts or at brazen.fm/plus and get exclusive bonus episodes for The Closer and all our shows, as well as ad-free listening and early access to new podcasts. For more fearless storytelling visit brazen.fm, home to all our podcasts, documentaries and newsletters. At Brazen, we show you how the world really works – from espionage and corruption to deal-making and organised crime, we’ll take you inside stories from hidden worlds. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://brazen.fm/plus/

The Oakland A’s are one step closer to a move to Las Vegas, reaching a deal this week for a new plot of land that would house a brand new ballpark. Aimee and Ben discuss the developing deal and what it tells us about the state of the business of professional sports. Is there a business or deal story that you’d like Aimee and Ben to cover? Get in touch! You can email us at hello@thecloser.fm or find us on Twitter or Instagram @thecloserpod. The Closer is a Project Brazen production. Subscribe to Brazen+ on Apple Podcasts or at brazen.fm/plus and get exclusive bonus episodes for The Closer and all our shows, as well as ad-free listening and early access to new podcasts.  For more fearless storytelling visit brazen.fm, home to all our podcasts, documentaries and newsletters. At Brazen, we show you how the world really works – from espionage and corruption to deal-making and organised crime, we’ll take you inside stories from hidden worlds. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://brazen.fm/plus/

The financial press has been reporting on a big trend in dealmaking: it's way down this year, especially in comparison to the M&A activity of 2021. Aimee and Ben discuss the winners and losers of this new environment, and what it might mean for the types of deals to expect in the months to come. Is there a business or deal story that you’d like Aimee and Ben to cover? Get in touch! You can email us at hello@thecloser.fm or find us on Twitter or Instagram @thecloserpod. www.thecloser.fmThe Closer is a Project Brazen production. Subscribe to Brazen+ on Apple Podcasts or at brazen.fm/plus and get exclusive bonus episodes for The Closer and all our shows, as well as ad-free listening and early access to new podcasts.  For more fearless storytelling visit brazen.fm, home to all our podcasts, documentaries and newsletters. At Brazen, we show you how the world really works – from espionage and corruption to deal-making and organised crime, we’ll take you inside stories from hidden worlds. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://brazen.fm/plus/

Bed Bath & Beyond's decline and fall is complete. The iconic home goods retailer said this week that it was entering bankruptcy and that all of its stores would be shuttered by the end of June. Ben and Aimee discuss Bed Bath & Beyond's collapse, diving into stock sales, failed turnarounds, share buybacks, meme stocks and yes, those iconic blue and white coupons. Is there a business or deal story that you’d like Aimee and Ben to cover? Get in touch! You can email us at hello@thecloser.fm or find us on Twitter or Instagram @thecloserpod. The Closer is a Project Brazen production. Subscribe to Brazen+ on Apple Podcasts or at brazen.fm/plus and get exclusive bonus episodes for The Closer and all our shows, as well as ad-free listening and early access to new podcasts.  For more fearless storytelling visit brazen.fm, home to all our podcasts, documentaries and newsletters. At Brazen, we show you how the world really works – from espionage and corruption to deal-making and organised crime, we’ll take you inside stories from hidden worlds. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://brazen.fm/plus/

Alongside the release of Netflix's quarterly earnings, the streaming service announced two big pieces of news this week. One, that it would be ending its DVD mailing business, and two, that it would be delaying a crackdown on password sharing in the US. Ben and Aimee discuss the past, present, and future of Netflix's growth ambitions. Is there a business or deal story that you’d like Aimee and Ben to cover? Get in touch! You can email us at hello@thecloser.fm or find us on Twitter or Instagram @thecloserpod. The Closer is a Project Brazen production. Subscribe to Brazen+ on Apple Podcasts or at brazen.fm/plus and get exclusive bonus episodes for The Closer and all our shows, as well as ad-free listening and early access to new podcasts.  For more fearless storytelling visit brazen.fm, home to all our podcasts, documentaries and newsletters. At Brazen, we show you how the world really works – from espionage and corruption to deal-making and organised crime, we’ll take you inside stories from hidden worlds. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://brazen.fm/plus/

This week, we're looking at a deal one of our listeners on Twitter asked us to cover. It's JetBlue's $3.8bn takeover of discount carrier Spirit Airlines. The deal was approved by Spirit shareholders last fall, but US authorities have sued to block it on antitrust grounds. Ben and Aimee cover how the deal came together, the regulatory concerns, as well as how the deal fits into the bigger picture of consolidation in the industry in the last two decades. For a longer look at the state of consolidation in the airline industry, check out episode 1 of The Closer, The Deal That Made The World's Biggest Airline. Is there a deal you’d like Aimee and Ben to take a deeper look at? Tweet us at @thecloserpod. The Closer is a Project Brazen production. Subscribe to Brazen+ on Apple Podcasts or at brazen.fm/plus and get exclusive bonus episodes for The Closer and all our shows, as well as ad-free listening and early access to new podcasts.  For more fearless storytelling visit brazen.fm, home to all our podcasts, documentaries and newsletters. At Brazen, we show you how the world really works – from espionage and corruption to deal-making and organised crime, we’ll take you inside stories from hidden worlds. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://brazen.fm/plus/

Two of the biggest names in fighting, WWE and Endeavor’s UFC, are coming together to form a new, publicly traded entity. It’s a tie-up of larger-than-life personalities in the ring (or octagon) and in the boardroom. Ben and Aimee discuss the roles of three executives at the heart of the deal - Ari Emanuel, Vince McMahon and Dana White - and the potential implications of the merger. Is there a business or deal story that you’d like Aimee and Ben to cover? Get in touch! You can email us at hello@thecloser.fm or find us on Twitter or Instagram @thecloserpod. The Closer is a Project Brazen production. Subscribe to Brazen+ on Apple Podcasts or at brazen.fm/plus and get exclusive bonus episodes for The Closer and all our shows, as well as ad-free listening and early access to new podcasts.  For more fearless storytelling visit brazen.fm, home to all our podcasts, documentaries and newsletters. At Brazen, we show you how the world really works – from espionage and corruption to deal-making and organised crime, we’ll take you inside stories from hidden worlds. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://brazen.fm/plus/

Shares in Chinese e-commerce company Alibaba jumped this week after founder Jack Ma made a rare visit to mainland China, and the company announced plans to break itself into six business units. Ben and Aimee discuss the latest in the tense relationship between Chinese authorities and the country's tech sector. Is there a business or deal story that you’d like Aimee and Ben to cover? Get in touch! You can email us at hello@thecloser.fm or find us on Twitter or Instagram @thecloserpod. The Closer is a Project Brazen production. Subscribe to Brazen+ on Apple Podcasts or at brazen.fm/plus and get exclusive bonus episodes for The Closer and all our shows, as well as ad-free listening and early access to new podcasts.  For more fearless storytelling visit brazen.fm, home to all our podcasts, documentaries and newsletters. At Brazen, we show you how the world really works – from espionage and corruption to deal-making and organised crime, we’ll take you inside stories from hidden worlds. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://brazen.fm/plus/