Michael Strahan & Pharrell Join To Educate Athletes About Their Finances At NKSFB Sports Wealth Summit
It has been said that most professional athletes find themselves financially unstable within 5 years of ending their athletic career.
In an effort to better educate athletes who may not have the financial advice offered to the most popular and successful players, the inaugural NKSFB Sports Wealth Summit was held last week from Tuesday July 6 through Thursday July 8. in sunny Aspen, Colorado.
The NKSFB Sports Wealth Summit was held in an attempt to address the lack of resources and / or education that some athletes may not have access to.
Craig Brown, partner and co-head of the Sports Business division of NKSFB and co-founder of NKSFB Sports, who led the inaugural event, explained what the summit was all about: an understanding (in the broad sense for these guys ) anything to do with “wealth”. Not just from a financial standpoint, but by learning about wine, the art and the psychology behind which we make the decisions we make about money.
The summit began with a grand reception that welcomed athletes and executives to the Aspen Art Museum where Jay Fletcher, who is a great wine and master sommelier was able to present his craft by identifying the different wines on display while he gave in to the words of Grammy-winning producer, entrepreneur and philanthropist Pharrell Williams. With this introduction to the summit, most athletes were ready to experience the diverse plethora of speakers who would add value to the knowledge that would be accumulated throughout the summit.
During the week, speakers delighted audiences in the fields of fine art, technology, investment strategies, angel investing, venture capital, cryptocurrency, real estate. , cannabis, and money management, among other things that could contribute to a successful portfolio.
“It was a one-of-a-kind event, bringing together such a diverse group of people and covering such diverse topics. Going into this we knew that not every topic would be of interest to every guy, but the point was to give them a taste of everything to find out which areas resonated with them. Some guys may have left thinking they want to explore the art market more; for some it’s real estate, others cannabis, or getting into the media. By introducing them to all of these areas, it allowed them to find what they are passionate about, ”says Brown. BLACK COMPANY.
The esteemed speakers were notable professionals such as former National Football League Hall of Fame co-host Good Morning America, Michael Strahan, Franklin Sirmans of Pérez Art Museum Miami, owner of the National Basketball Association’s Memphis Grizzlies. and art collector Elliott Perry, artist Theaster Gates, executive vice president and chief marketing officer of BET Networks, Kimberly Evans Paige, private equity investor, CEO of technology and energy Solomon Ali, former football player NBA and owner of the Harrington group and the Viola, Al Harrington, Jackson brands | Adrian Muhammad of Shah & Company, Ramona Hall of Phillips Concessions, Barron Channer of Woodwater Group / Miami Black Angels and Chris Lyons of Andreesen Horowitz.
As this is the inaugural event, it appears to be the start of something that can be important for the sports industry and especially for athletes looking to use their finances in a very meaningful way during and after. the career.
Brown said: “I’m pretty confident the summit was a complete success based on the feedback from the players. Several guys have contacted me to ask when we will be hosting the next event, and would it be okay to bring some of their teammates even if they are not NKSFB customers. The fact that they want to continue this educational journey is the proof I need to know that it was a success.