Jun 19 • 14M

Weekly Roundup: Business of Athletes, Sports, & NIL (June 12-18)

$100k for athletes to invest, several sports companies raise millions in funding, and NIL gets interesting at USC.

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A podcast breaking down the business of athletes, sports, and NIL.
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Audio Timeline:

0:52 - Feel good stories: Micah Parsons giving money to fans and $100,000 for NBA rookies to invest

1:50 - Business of Athletes: Cereal investment for OBJ and Westbrook, Russell Wilson’s company raises $4M, a $60M fund for black entrepreneurs, Magic Johnson’s new ownership venture

5:22 - NIL: Crocs steps in the game, USC lands an interesting partnership, and John Ruiz is being investigated

8:42 - Sports Biz/Tech: 7 sports companies raise significant funding and Canada investing in youth sports


Interesting Stat

The perfect inning (nine pitches, nine strikes, three outs) has only been achieved 108 times in MLB history.


Short Passage of The Week

When sharpening your career skills, focus more on less.

Think in terms of Karate: A black belt seems far more impressive than a brown belt. But does a brown belt really seem any more impressive than a red belt? Probably not to most people.

Remember that society elevates experts high onto a pedestal. Hard work matters, but not if it’s scattered in a hundred different directions. So narrow your focus on learning fewer career-related skills, and then truly master them.

Passage by Marc Chernoff 


Recommended Media

Another great interview from my brother Adam Breneman with Detroit Lions quarterback Jared Goff.


Financial Jargon

Not a great trend between the price of tuition and the amount of student debt.

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In the last 10 years, the price of tuition is up nearly 25% and student debt owed by Americans has increased by over 50%.


Quote

“If you have a clear vision of who you want to be, what kind of life you want to live, and what kind of sacrifices you will have to make, you are already halfway there.” - The Orange Book

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I appreciate you tuning in today.

Peace,

-AP


Extra Credit

Shaq’s intuition on investments is next level.