Super sportsman Rich Paul knows what he wants, and he revealed it on October 14. at the UNLOQ404 Creator Summit in Atlanta. And, as of now, he doesn’t own an NFL or NBA team.
According to People magazine, Paul’s assertion is in part an assertion of caution; he he just doesn’t have the money must be one of the principal owners of a major American sports team. Paul also enjoys sitting on the basketball court and being able to park close to the players, and he would want salary cap space if he were to get involved at that level with an NBA or NFL team franchise.
Asked about his participation in the team at the event, Paul coyly replied: “So we’ll see what happens with that. »
As the Phoenix Suns were in the position of buy their team property in 2022, due to Robert Sarver’s highly publicized mistreatment of employees, use of racially insensitive language, and language implying sexual harassment of female employees, the subject of the sale price of the team inevitably surfaced. According to NBC Sports, the cost of owning an NBA team has skyrocketed over the past half-decade. The Suns were ultimately sold for $4 billion to Mat Ishiba, a mortgage lender executive and former NCAA basketball champion. Sarver also owned the Phoenix Mercury of the WNBA, but they are not as highly regarded as the Suns franchise.
Rich Paul’s net worth is estimated at around $120 million by Parade. Paul has enough money to invest in a sport valued at a fraction of the cost of major league American sports, pickleball. According to People, Paul joins sports stars Patrick Mahomes II, Naomi Osaka and Nick Kyrgios, as well as musician Kygo in the Miami Pickleball Club ownership group. According to Sports at reception, Major League Pickleball teams are valued at up to $10 million currently, which represents a much more affordable investment.
Tom Brady, LeBron James, Kevin Durant and others essentially got into pickleball and helped raise the profile of the league and the fast-growing sport; the value of teams increased 100 times their initial value in two years.
MLP CEO Julio DePietro said CNBC that the teams’ value is much higher than the $100,000 they were valued at when the league began in 2021. DePietro believes the league has a huge ceiling, he told CNBC.
“We barely turned on the ad buttons, let alone the subscribe buttons,” DePietro said. “We think there’s a huge opportunity to leverage a lot of the installed base, the enthusiasm behind it, the avidity of the fans, the players, and there’s tons sponsorship and marketing opportunities for the league.”
Paul’s investment could prove extremely lucrative for the sports world’s latest super agent, who is also dating Grammy-winning artist Adele.
Paul’s first book, a memoir entitled “Lucky Me: A Memoir of Changing the Odddds”, was released October 10. So far the book has garnered rave reviews from readers on popular book review site Good reads. USA today the book is also listed on number 9 on his list of best-selling bookswhich they claim combines physical and electronic copies of the works being sold.
Paul thought a little about the process of writing the book and what he hopes to convey to the book’s readers.
“When you read the book, you delve into a lot of things that I had to overcome,” Paul said. People. “But hence the title of Lucky Me. I was lucky to be able to continue on a path where there wasn’t much light, but the door was cracked by a little light and I was quite smart not to invest in the traps that awaited me every day. my environment. »
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