Sports

This article was originally posted on Medium What Companies Are Professional Athletes Investing In? When it comes to investing, we typically think of this being a job for traditional businessmen and women; however, athletes have garnered a major presence within the investing space. Utilizing their large fortune, gained through successful professional sports careers, athletes have a major advantage when making business investments, and are able to leverage their expertise in the business world. Here we delve into a few athletes who have increased their net worth through a variety of business endeavors. To read more articles from Morris Esformes, please check his website, Facebook, Twitter, LinkedIn. https://www.youtube.com/watch?v=8Xg4i2fEKs4 Michael Jordan Michael Jordan, known for his successful career in the NBA, playing for both the Chicago Bulls and Washington Wizards, can credit a large portion of his net worth to his investment of the Charlotte Hornets. Though he made his first investment back in 2006, it was in 2010 that Jordan made his major...

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,...