Part one of a five-part series that looks behind the headlines, offering a new perspective on the drivers of long-term financial success for professional athletes. Featuring the ideas and insights of veteran players and industry thought leaders.
The financial crisis facing many professional athletes has received widespread coverage in recent months, with some publications stating that 60-80% of athletes declare bankruptcy at some point after their career has ended. While these publications shed light on a very real, growing concern among athletes, most of these pieces miss the complex realities of the problem. While financial literacy is an important part of the solution, the reality is that the financial lives of professional athletes more closely resemble a mid-sized corporation than a typical individual. To be successful, athletes need to think like a CEO.
Drawing on the insights of industry thought leaders — as well as the athletes themselves — MGO examines the root causes of the financial crisis in pro sports, and offers a framework for success. The video series features candid conversations with NBA All Star Draymond Green as well as insights from Robert Roman of MGO Private Wealth.
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