Blog

We all cheer for our favorite sports men and women for their commendable performance on the field, court, rink or arena, but many are unaware of their successful entrepreneurial ventures off the field. Here are a few favorite celebrity-athletes that have triumphed in the field of business. https://www.youtube.com/watch?v=TRillGhUCZo Venus Williams Venus Williams’ performance on the court needs no introduction, but did you know that this popular tennis player is also a successful businesswoman? In 2007, Williams started her own fashion line EleVen that aims to help women lead an active yet fashionable lifestyle. In addition, Williams leads V Starr, an interior design company, and is also part owner of the Miami Dolphins. Kobe Bryant While Kobe Bryant was dominating the professional basketball space as a player for the Los Angeles Lakers, he was also discretely building a $100 million venture capital firm, which was announced in 2016. Co-founded by serial entrepreneur...

Morris Esformes Discusses The Rising Stock of Athlete Investors from Morris Esformes on Vimeo. Leaders, a conference and content platform for executives in professional sports, recently published a 30-page report detailing investing and Venture Capital (VC) in the world of sports from June 2017 to November 2018. In it, researchers and experts attempt to break down the $600 - 700 billion dollars a year that flows through the global industry of sports, and analyze any trends that might impact it going forward. One notable section chronicles the rise of the “athlete investor.” It details how this generation of athlete has seen an increase in activity in the world of finance and angel investing. Names like Kobe Bryant, Lebron James and most recently Kevin Durant have all become outspoken investors and venture capitalists in their own right. What was interesting was the unprecedented evolution from brand ambassador and spokesman, to stockholder and board...

The financial structures behind professional athlete contracts are highly intricate, planned, and negotiated. High-profile free-agents hold a sense of responsibility to their union to set the tone for future contracts and player negotiations.The 2018-2019 Major League Baseball free-agent class was one of the best on record. Now that it is wrapping up, it is a good time to analyze the contracts that have been set and take a look at what this could mean for the future of baseball. Manny Machado recently became the first 300 mill free agent, and for a short time, he held the record for the largest free-agent contract. Like this post? Read the Morris Esformes post on Athlete's Dominating Business. There are semantics involved when naming contract record holders. Machado may have been the highest paid free-agent, but he never held the rank of largest MLB contract. Giancarlo Stanton earned that title when he received a 13-year,...

[vc_row][vc_column][vc_column_text]In January 2019, huge swaths of the United States were covered in a plume of frigid arctic air. This system brought with it the coldest weather America has seen in nearly two decades. Temperatures in the midwest dipped to 60 degrees below zero, and was responsible, according to latest reports, for the deaths of 12 people. According to the Midwest Regional Climate Center, more than 680 weather records were broken during January’s polar vortex. At one point, it was reportedly colder in Chicago than it was in Antarctica, Alaska and the North Pole. [/vc_column_text][vc_separator type="transparent" position="center" up="2" down="0"][blockquote text="We’re no longer talking about a situation where global warming is something in the future." show_quote_icon="no" border_color="#dedede"][vc_separator type="transparent" position="center" up="3" down="0"]=   Climate Change Is Causing Extreme Weather Events Across the U.S. https://www.youtube.com/watch?v=pAgsPBJFdoY Since 2005, nine of the ten warmest years have been recorded since reliable data became available in 1880. Greenhouse gas numbers have risen...

As a huge fan of the Marvel Cinematic Universe (or MCU), I was excited about the news of a Disney buyout of 21st Century Fox. A portion of this excitement extends from the fact that the MCU, would finally have access to fan favorite Marvel properties, such as the X-Men and the Fantastic Four. Up until now, Fox has controlled the movie licenses for these superhero properties, and much of their film output has been met with criticism by both critics and fans alike. Disney, and Marvel Studios, could now extend their seemingly midas touch to these series, and incorporate them into the MCU. Breaking Down the Finances As a student studying finance, the complexities involved in massive mergers and acquisitions (M&A) always interest me, so I decided to do a little digging and see what other implications could come from this buyout. The massive merger between Disney and 21st Century...