Weekly Roundup: Business of Athletes, Sports, & NIL (July 10-16)

<p><strong>Audio Timeline:</strong></p><p>0:35 - <strong>Feel good stories</strong></p><p>* $100k for cancer, Tony Parker, and Brussels’ $43M investment</p><p>2:25 - Business of Athletes/Sports</p><p>* <strong>Sportlight, </strong>an athlete tracking startup, has raised $4.7M in funding to expand its operations from European Soccer to the NBA.</p><p>* The <strong>NBA</strong> announced $10B in 2020-2021 revenue, while the <strong>NFL</strong> revealed $11.1B. Both are record-highs.</p><p>* <strong>Esports in China</strong> grew 14% despite tougher regulations. It is the largest single-country market in the world with $403.1 million in e-sports revenue in 2021. </p><p>* <strong>Gemini Sports Analytics</strong>, which has software to help interpret athlete data, raised a $1.5M seed round. </p><p>* <strong>Cipher Sports Technology</strong>, an Australian sports betting operator, has raised $5M to fuel international expansion. </p><p>* <strong>SCCG Venture Fund</strong> has opted to invest in <strong>Ronin Sport</strong>, which offers TV guides for live sports. </p><p>* <strong>CLUB</strong>, a play-and-earn digital soccer game, has secured its first major round of funding at $3.1M. </p><p>8:55 - <strong>Name, Image, and Likeness</strong></p><p>* UCLA and the survival of non-revenue sports</p><p>* Top basketball prospect gets involved with an NFT marketplace</p><p>* Pennsylvania may soon allow NIL for high schoolers</p><p>* Fanatics’ major deal with Nike in college sports</p><p>* NIL meets the military</p><p>Interesting Stat</p><p>Not a fan of plateaus (as it means growth is stalling), and this is certainly an eye-opening one. </p><p>On average, Japanese folks are living 6 years longer than Americans at half the cost. </p><p>It makes you think…</p><p>Does wealth equal health in the US?</p><p>Short Passage of The Week</p><p>Commitment makes good things better and bad things worse. The more "all-in" you are on a good relationship, the better it becomes. The more you commit to a toxic relationship, the deeper you get trapped. The more you invest yourself in fulfilling work, the more your effort fuels you. The harder you work on a bad project or in an unsatisfying role, the more of a grind it becomes.</p><p><em>Passage by James Clear</em></p><p>Recommended Media</p><p>Was on the “Getting Off Course” podcast recently with Josh Waldron. </p><p>It was a great conversation covering many unique topics I think you’ll enjoy. </p><p>Tweet(s)</p><p>Touching short story you’ll enjoy👇</p><p>A ‘Bear Market’ is a period of at least 2 months when a broad market falls by 20 percent or more. </p><p>While this may sound daunting, it may be just the opportunity you as a young investor are looking for. </p><p>The market bleeding red and dropping is a sign of caution for those eyeing retirement, but for those with a time horizon, it should be a sign of opportunity. </p><p>Bear Markets are not an easy emotional ride, but when you can remove your emotions from the moment and think LONGER, you will see that a Bear Market is really a hunting ground. </p><p>A place where those who are patient will come back with a nice prize and maybe even a story.</p><p>Quote</p><p>“Worrying is like a rocking chair. It gives you something to do, but it doesn't get you anywhere.” </p><p>I appreciate you tuning in today!</p><p>Peace,</p><p>-AP</p> <br/><br/>This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit <a href="https://www.petcashpost.com?utm_medium=podcast&#38;utm_campaign=CTA_1">www.petcashpost.com</a>