Thousands of professional athletes globally make millions of dollars annually in salary. But what happens when things go wrong? Injuries occur, of course. And some players just don't perform their best for the entire contract length. So today's episode runs through the unique world of athlete insurance, including how it works and specific case studies of athletes who have benefited financially from these complex insurance policies. Enjoy!

Formula 1 is one of the world's fastest-growing sports. The business was purchased by Liberty Media in 2016 for $4.4 billion. They are now doing nearly $3 billion in annual revenue alone, and Formula 1's stock price is 275% since the acquisition. But rather than talk about Liberty Media specifically. Today's episode showcases how some of the sport's most prominent brands are leveraging the sport's 1.5 billion viewers to build multi-billion-dollar businesses. Enjoy!

Michael Jordan shocked the sports world last week when he announced that he was selling his controlling stake in the Charlotte Hornets at a $3 billion valuation. So today's podcast breaks down how Michael Jordan acquired the team for pennies on the dollar, why they have performed so poorly on the court, and how he's set to make more money on this one deal than his 40-year partnership with Nike. Enjoy!

The Las Vegas Golden Knights just won the Stanley Cup, reaching the mountaintop of the NHL in just six seasons of existence. So today we'll take a look at the business of the Golden Knights, including how the organization built a consistent contender from scratch and why their valuation has doubled ($500M to $1B) virtually overnight.

Los Angeles Country Club is hosting this week’s US Open golf tournament — and it's also one of the world’s most secretive golf clubs. So today's podcast breaks down everything you need to know, including why they don't allow celebrity members, their $250,000 initiation fees, their 1,000+ rule book, and the two laws implemented to help them save $80 million per year on taxes. Enjoy!

Big League Advantage is an investment firm that provides athletes with cash payments in exchange for a percentage of future earnings. The company has raised over $400 million and signed deals with several big-name athletes, so today’s podcast breaks down everything you need to know about how their business works and why more than 500 athletes have agreed to these deals. Enjoy!

Today's episode is broken into two parts: 1) A financial breakdown of Tiger Woods and Rory McIlroy's new indoor golf league TGL and 2) an exclusive interview with Reddit co-founder Alexis Ohanian, who purchased the first team in TGL with tennis legend (and his wife) Serena Williams and Venus Williams. Enjoy!

Lionel Messi shocked the sports world this week, officially announcing his intent to join Inter Miami CF of Major League Soccer. So today's podcast breaks down everything you need to know, including the events that led Messi to choose MLS over Barcelona and Saudi, the unique clauses in his contract that could make him $1B+, and more. Enjoy!

Today's episode breaks down the recently announced merger between the PGA Tour, DP World Tour, and LIV Golf. We discuss how the deal got done, what it means for the players, how it might impact other sports, and why Saudi Arabia might just be getting started. Enjoy!

Mount Everest is the world’s tallest mountain — and has also become a huge business. So today’s newsletter breaks down everything you need to know, including why the mountain has become so popular, the crazy amount of money each person spends on the trip, how much the Sherpas are making, and why it has become a $100 million-plus cash cow for the local government.