The Profluence Pod šŸŒ

Weekly Roundup: Business of Athletes, Sports, & NIL (December 4-10)

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(0:30) - Feel good stories
  • Dickā€™s Sporting Goods $150M in donations, Manny Pacquiao donated 100% of fight proceeds to charity, and the Boston Celtics gifting $155,000.
    • (1:50) - Business of Athletes
    • Nike is cutting ties with Kyrie Irving, he reportedly earned $8-12 million/year with the contract.
    • Ray Lewis, Emmanuel Acho, Baron Davis, and other athletes have invested in the $15M Series B round of MOON ULTRA, a consumer electronics company.
    • MLB teams have spent over $1 billion in player contracts so far this offseason.
    • Sue Bird and Megan Rapinoe revealed ā€œA Touch Moreā€, the company will create scripted and unscripted programming.
    • Derek Jeterā€™s online card trading company, Arena Club, has raised $10M in Series A funding.
    • Serena Williams has launched Will Perform, a topical wellness company for athletes.
      • (6:10) - Name, Image, and Likeness
      • Opendorse, announced that it closed a $20 million fundraising round, including an investment from former NFL player Will Compton.
      • Texas A&Mā€™s esports team recently revealed the school is negotiating with College Station to lease a new facility at Post Oak Mall.
      • On3, a college sports media company, announced the launch of the On3 Athlete Network where athletes can now sign into their profiles.
      • Prospex, an NFT trading platform for athletes and fans in NIL is now live in the market.
        • (10:00) - Future of Sports
        • Fanatics announced that it raised $700 million at a $31 billion valuation.
        • GameOn Technology, a conversational chat platform, closed a $35 million Series B funding round.
        • Zenkai Sports, a natural and sustainable performance apparel brand, closed a $1M funding round to fuel growth and product development.
        • KissCam, LLC received a U.S. patent for its ā€œKissCamĀ® Contest,ā€ revolutionizing the traditional kiss cam live segment at sports games.
          • ...more
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          The Profluence Pod šŸŒBy Andrew Petcash
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