Trends with Benefits #122: The Business of Sports with Will Wilson
July 30, 2024
Listen Time 32:30 MIN
While everyday people typically accrue wealth over time, athletes are in a unique situation, experiencing most of their earning potential early in their careers. This makes it even more important for them to protect their wealth. Will Wilson, Chief Corporate Development Officer, Global Sports and Sustainability, at Galway Holdings, talks about the business implications of sports and how these affect athletes. We explore whether sports are recession-proof, the benefits of Olympic sponsorships, and private equity investment in sports teams.
Show Notes:
02:55 Will’s background
06:22 Do Olympic athletes have agents?
09:03 Wealth management misperceptions among athletes
16:15 Will we see larger deals for professional athletes?
22:45 What’s next for Galway Holdings?
25:50 Why sponsors are the biggest “winners” of the Olympics
27:10 Long-term trend
29:30 Trend or fad
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Trend or Fad
Listen for Will’s take on robot umpires, padel, sports betting apps, players betting, and underarm Botox.
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Please note that Van Eck may offer investment products that invest in the asset class(es) discussed in this video.
The views and opinions expressed are those of the speaker and are current as of the video’s posting date, and are not necessarily those of VanEck or its other employees. Video commentaries are general in nature and should not be construed as investment advice. References to specific securities and their issuers or sectors are for illustrative purposes only. This is not an offer to buy or sell, or a recommendation to buy or sell any of the securities, financial instruments or digital assets mentioned herein. The information presented does not involve the rendering of personalized investment, financial, legal, tax advice, or any call to action. Certain statements contained herein may constitute projections, forecasts and other forward-looking statements, which do not reflect actual results, are for illustrative purposes only, are valid as of the date of this communication, and are subject to change without notice. Actual future performance of any assets or industries mentioned are unknown. Information provided by third party sources are believed to be reliable and have not been independently verified for accuracy or completeness and cannot be guaranteed. VanEck does not guarantee the accuracy of third party data.
All investing is subject to risk, including the possible loss of the money you invest. As with any investment strategy, there is no guarantee that investment objectives will be met and investors may lose money. Diversification does not ensure a profit or protect against a loss in a declining market. Past performance is no guarantee of future performance.
No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission of Van Eck Securities Corporation.
© 2024 Van Eck Associates Corporation.
666 Third Avenue, New York, NY 10017
IMPORTANT DISCLOSURES
Please note that Van Eck may offer investment products that invest in the asset class(es) discussed in this video.
The views and opinions expressed are those of the speaker and are current as of the video’s posting date, and are not necessarily those of VanEck or its other employees. Video commentaries are general in nature and should not be construed as investment advice. References to specific securities and their issuers or sectors are for illustrative purposes only. This is not an offer to buy or sell, or a recommendation to buy or sell any of the securities, financial instruments or digital assets mentioned herein. The information presented does not involve the rendering of personalized investment, financial, legal, tax advice, or any call to action. Certain statements contained herein may constitute projections, forecasts and other forward-looking statements, which do not reflect actual results, are for illustrative purposes only, are valid as of the date of this communication, and are subject to change without notice. Actual future performance of any assets or industries mentioned are unknown. Information provided by third party sources are believed to be reliable and have not been independently verified for accuracy or completeness and cannot be guaranteed. VanEck does not guarantee the accuracy of third party data.
All investing is subject to risk, including the possible loss of the money you invest. As with any investment strategy, there is no guarantee that investment objectives will be met and investors may lose money. Diversification does not ensure a profit or protect against a loss in a declining market. Past performance is no guarantee of future performance.
No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission of Van Eck Securities Corporation.
© 2024 Van Eck Associates Corporation.
666 Third Avenue, New York, NY 10017