Rabil notes that a major trend in sports is more players building financial security and long-term wealth. His biggest piece of advice for players is to"Take your time. Interview several or more wealth advisers or groups," instead of going with the first option provided to them. He notes that, just like lacrosse, having a team is key to financial success.
And all of these, like sport ISMs in business I found and in life and even in romance about compromise, and so can you maintain your competitiveness and offer a level of compromise? So as I entered the pro game, which was called at the time major League lacrosse in 2008, I had a Facebook page. So we just saw the PGA tour announce that they're going to give some of their golfers equity, but they raised at a two or $3 billion valuation, so you have to look at the equity I'm getting at this post money valuation.So David Blitzer and Josh Harris are looking.So we often hear about stock and equity and these unicorn valuations and people get in a 13 to 40 X return.So that's how I like think about and how we talk with our players about equity in today's climate.
Um, when we think about the future of where we're gonna go, we're sort of in a unique place because we're a team sports league that's wholly owned.So it's fully turn key, which is important to advertisers.So I mean, I figured I'd toss that up for you is three ways, right? This is his team, and my advice to athletes having learned it the hard way and figured it out over time is take your time.If you're fortunate enough to be recruited and have a choice which most athletes athletes don't you get into a school that's your coach, you're drafted by a team that's your coach.So we got to learn that the leverage then turns towards us as athletes to meet the right people, interview people ask difficult questions and then find references.
That comes from Scott Galloway, who who I think does a great job of articulating this so I'll do my best to mirror it.