Athlete Investor – Mr. Hedge
This recently retired former A+ list athlete is off to a very shaky start at his new big venture.
The whole thing is going to be an epic disaster. He set the whole thing up to be a heads-I-win-big and tails-I-break-even scenario for himself.
As someone who has seen the inner workings of the deal – his investors will see most of their money gone, within just a few years.
Our athlete has far less of his own financial skin in the game, than what the public has been led to believe.
Athlete: Derek Jeter
Derek Jeter on his new role as Marlins CEO, criticism over his controversial player trades
The Miami Marlins are looking very different this season, including at the top of the franchise where Derek Jeter now sits as co-owner and CEO. But the onetime New York Yankees captain is facing more than just a new challenge. He’s been dealing with some rare and harsh criticism for reducing the team’s payroll by trading several of its top players, including national league MVP Giancarlo Stanton to his former team.
In Miami, he’s essentially starting over. He traded away national league MVP Giancarlo Stanton to his former team and removed a number of longtime employees. It has not been an entirely smooth transition.
“Honestly, I don’t really pay much attention to it, man. I – I’m an optimist. You know, I’m positive by nature and I try to look at the fact that we do have an end game here,” Jeter said of the criticism his actions have garnered. “Everyone gets criticized.”
But this criticism is different than what the former player has fielded before.
“Well, I think it’s easier to criticize, we haven’t even played a game yet. Right? The bottom line is we’re trying to fix something that’s been broken,” he said. – Source
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