Weekly Roundup: Business of Sports, Athletes, & NIL (July 23-Aug 5)
Weekly Roundup: Business of Sports, Athletes, & NIL (July 23-Aug 5)
Giannis answers my tweet, $70M VC, Durant invests in cycling, & college sports are consolidating.
Audio Timeline:
(1:20) - Business of Athletes
Retired NBA player Baron Davis is the first professional athlete investor in SailGP’s fan-owned team.
Zion Williamson is being sued $1.8M by Ankr PBC for not repaying a loan in which his stepfather requested $150k upfront to engage in convos.
Athletes Kevin Durant and Desmond Howard are the newest investors in the National Cycling League.
(6:00) - College Sports/NIL
Texas quarterback Arch Manning and trading card company Panini announced an exclusive NIL deal with proceeds going to charity.
Digital collectible firm, NextName, has partnered with the Prospect League, a collegiate summer baseball league to help athletes monetize their NIL.
JUSTDATA partnered with The 1890 Initiative to provide $500k/year to support NIL for Nebraska volleyball student-athletes.
Florida State is looking to JPMorgan to potentially raise private equity money.
MASSIVE conference realignment hits college sports. I go through all of the changes in the podcast & death of the Pac-12.
(10:50) - Sports Business
TitletownTech has closed out a second fund of $70 million to invest in technology startups.
Startup niche sports creator, Pro League Network, has raised seed funding from Eberg Capital & IA Sports Ventures.
Baseball event platform, Perfect Game, has partnered with Foul Territory to produce podcast-style content with MLB legends.
Sports Medicine Market is set to grow by $2.65B (6.47% CAGR) through 2027.
Sports operating system, Tempus Ex Machina, has acquired biomechanics engineering firm Biocore.
Tweet
Giannis brings up a good point…😆
Interesting Stat
Streaming is becoming what it was supposed to transform (cable).
Short Passage of The Week
At some point, getting better becomes a matter of who can master the monotony.
There is no secret to success.
The greats never get bored with the basics.
Master the monotony. Put in the work.
Passage by Clint Hurdle
Recommended Media
Must watch in my opinion:
Business Jargon
Sam Altman’s 14 business principles:
Start With "Why"
Set a North Star
Be Ready to Work Hard
Never Lose Momentum
Be Optimistic & Persistent
Do Things That Don't Scale
A CEO's Only Job is to Win
Make Something Users Love
Have a Path to Be a Monopoly
Hire for Aptitude, Not Experience
Bring Focus and Intensity Every Day
Build a Product Improvement Engine
Define Your Mission and Values Early
Work on Projects You Find Interesting
Quote
“The way we experience the world around us is a direct reflection of the world within us” - Gabrielle Bernstein
Thanks for tuning in today!
Peace,
-AP
Basically what college conferences have come to 🤣
