Weekly Roundup: Business of Athletes, Sports, & NIL (June 5-11)

<p><strong>Audio Timeline:</strong></p><p>0:31 - <strong>Feel good stories</strong>: Tom Brady and orange hair, Jim Harbaugh helping out Michigan employees</p><p>1:42 - <strong>Business of Athletes</strong>: Michael Strahan & Brady, NFL players and their Web 3 projects, $5M for smart fabric tech, Mike Vick, and $6M for the future of women’s sports</p><p>8:27 - <strong>NIL</strong>: A GM in college sports, Pringles’ new deal, Fanatics signs 200 college athletes, and several $100,000 car deals</p><p>13:09 - <strong>Sports Biz/Tech</strong>: Several athletes looking to buy sports teams, data analytics and sports betting, NBA tech accelerator, and LIV vs. The PGA Tour</p><p>Interesting Stat</p><p>This is wild…</p><p>Men’s tennis has been dominated by Federer, Djokovic, and Nadal for nearly my entire life. </p><p>* <strong>Serena Williams,</strong> age 40 <em>(23 titles)</em></p><p>* <strong>Rafael Nadal,</strong> age 36 <em>(22 titles)</em></p><p>* <strong>Novak Djokovic,</strong> age 35 <em>(20 titles)</em></p><p>* <strong>Roger Federer,</strong> age 40 <em>(20 titles)</em></p><p>It will be interesting to see how the tides change as they start to retire. </p><p>Short Passage of The Week</p><p>Build small habits. Make big plans.1) Keep your daily actions small. Strive to get 1% better every day.2) Keep your daily mindset big. Think about how you can play a bigger game.Start small, but never dream small.</p><p><em>Passage by James Clear</em></p><p>Another Interesting Stat</p><p>Surprisingly the number of kids not playing a sport is dropping. </p><p>I would have thought the chart would be going in the opposite direction. </p><p>Tweet(s)</p><p>Great thread from my friend Alex Banks who broke down VC and PE in an easy-to-understand way. </p><p><strong>Leverage is a tool, but it can make you one too!</strong></p><p>We have all seen the headlines stories where someone took $83 and became a millionaire by leveraging it out the door. </p><p>Debt is a tough topic because most of our relationship with it is negative, but debt is not the problem. Managing debt is the problem and taking on debt is the problem. </p><p>When you begin to use debt and leverage yourself, remember two key principles. </p><p>1. Take on as little debt as you can, NOT as much as you can. </p><p>2. Remember there is an opportunity cost to every debt decision, so know what you are giving up.</p><p>If you do not take on debt, you are giving up that opportunity. If you do take debt, you are giving up your short-term cash flow.</p><p>Quote</p><p>“An arrow can only be shot by pulling it backward. So when life is dragging you back with difficulties, it means that it’s going to launch you into something great” - Paolo Coelho </p><p>I appreciate you reading & listening to The Petcash Post today!</p><p>Have a nice rest of your day and we’ll talk tomorrow. </p><p>Peace,</p><p>-AP</p><p>Extra Credit</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>