Athletes Who Are Diversifying Their Assets With Professional Sports Teams

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Have money make money? Transcript 1. Athletes and the biggest names in Hollywood love investing in women’s sports, especially the NWSL (National Women’s Soccer League). Angel City FC has the most notable investors, including Jennifer Garner, Natalie Portman, Eva Longoria and athletes Mia Hamm, Serena Williams, Candace Parker and her daughter Lailaa and tennis icon and activist Billie Jean King. Not to be outdone, NHL (National Hockey League) superstar Alex Ovechkin (Washington Spirit) and the No. 2 tennis player in the world (and the highest-paid female athlete ever) Naomi Osaka, is now an owner of North Carolina Courage. 2. The hot ticket item (after an NWSL team) is buying a stake in a NASCAR (National Association for Stock Car Auto Racing) team. Both Michael Jordan and Mr. Worldwide himself, Pitbull, became owners of a NASCAR team before this year’s season started. Jordan’s team is a new team led by the only Black driver in the pro circuit of NASCAR, Bubba Wallace. The car features Jordan’s longtime jersey number No. 23. Pitbull is the co-owner of the Trackhouse Racing Team, which has the No. 99 car of Daniel Suarez. 3. Joining Justin Timberlake as an NBA (National Basketball Association) owner are the NFL’s (National Football League) Larry Fitzgerald (Phoenix Suns) and Aaron Rodgers (Milwaukee Bucks). Former NBA players Shaquille O’Neal (Sacramento Kings) and Dwyane Wade (Utah Jazz) have diversified their assets with team ownership. 4. One sport that you might not think of is Esports. The sport is the fastest growing sport globally, with viewers watching more than 2.1 billion hours of Esports videos worldwide. You may have heard of cities across the country building dedicated Esports arenas, and that’s why. David Beckham, also the owner of Inter Miami CF (MLS), launched Guild Esports in 2020. The company has already gone public on the London Stock Exchange. He joins the long list of athlete investors in Esports, including Steph Curry (Team SoloMid), Alex Rodriguez (NRG Esports), Michael Jordan (aXiomatic), Michael Strahan (NRG Esports) and Mike Tyson (Team Fade 2 Karma). 5. LeBron James has his hands in everything and it all seems to be turning to gold with his stake in Liverpool FC, who won the UEFA Championship in 2019. Also looking for a return on their investment is the NBA’s Kevin Durant, an owner of the Philadelphia Union (MLS – Major League Soccer). For more on anything you heard about on today's podcast visit, www.lastnightsgame.com To get in touch with Amy with your feedback or topic ideas email her at amy@lastnightsgame.com