Player Manager, Daniel O'Loughlin mentions the phenomenon in which athletes are increasingly seeking equity in companies over cash endorsements, as exemplified by cricketer Steve Smith. While they may not earn as much as top leagues, diversifying investments beyond traditional property and shares, done cautiously, can be beneficial.
Daniel O'Loughlin:
" I just don't think you can go wrong with properties if you invest smartly, but if you are successful and start to advance beyond that, or if you're a player who's in the upper echelon, I think... you know, the scale of economy, we're never going to be the NBA, the NFL, or the EPL. But if you look abroad, a lot of athletes are becoming smarter investors and looking for an equity play versus just doing something for cash. If you look and again, our guys don't earn the money that the cricketers do, but Steve Smith's a great example where he has taken equity in companies or start-ups versus just to cash to say, "Hi, I'm an ambassador for Koala mattresses." So we're always looking at those opportunities; I think if there's something where a player can use their brand to get some equity, it's low risk and if they believe in it. So looking outside the traditional property and shares is always worthwhile, but doing that very prudently and diligently is also another way."
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Barclay Pearce Capital acknowledges the Traditional Owners of the land where we work and live, the Gadigal of the Eora Nation and pays our respects to Elders past, present and to the children of today who are the Elders of the future. We celebrate the stories, culture and traditions of Aboriginal and Torres Strait Islander Elders of all communities who also work and live on this land.
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Barclay Pearce Capital Management Pty Ltd ACN 619 189 847 | AFSL: 503261
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© 2024 Barclay Pearce Capital - BPC | All Rights Reserved
Disclaimer:
Barclay Pearce Capital Management Pty Ltd is the holder of an Australian Financial Services Licence (Number: 503261). The information provided on this website is general in nature only and does not constitute personal advice. The information has been prepared without taking into account you or your company’s objectives, financial situation or needs. Before acting on any information on this website you should consider the appropriateness of the information having regard to your objectives, financial situation and needs. You should seek independent financial advice and read the relevant disclosure statements or other offer documents prior to making an investment decision about a financial product. The material contained on the website is for information purposes only and should not be construed as an offer or solicitation or recommendation to buy or sell financial products.
Barclay Pearce Capital acknowledges the Traditional Owners of the land where we work and live, the Gadigal of the Eora Nation and pays our respects to Elders past, present and to the children of today who are the Elders of the future. We celebrate the stories, culture and traditions of Aboriginal and Torres Strait Islander Elders of all communities who also work and live on this land.