BUSINESS
Sports and Money: The Highs and Lows of 2024
USAFri Dec 27 2024
2024 was a year full of surprises in the world of sports. Saudi Arabian money filled the pockets of top athletes, pushing their earnings to new heights. The Dallas Cowboys became the first sports team to hit a $10 billion valuation, showing the NFL's enduring dominance. Meanwhile, tennis legend Rafael Nadal retired with a whopping $550 million in his bank account. But it's not just about the big numbers. Many athletes and entrepreneurs are using their money to chase new dreams. Take Chip Wilson, the founder of Lululemon, who's now looking for his next big apparel venture. Or billionaire Jorge Mas, who's trying to bring soccer star Lionel Messi to the MLS. Then there's Christian Angermayer, a billionaire with plans to shake up the Olympics with steroids. And who can forget Nico Rosberg, the former Formula 1 champ, who started a $100 million venture capital fund? But it's not all glamour. A Florida golfer bought his neighbor's property and started his own club because he was unhappy. And migrant workers in Qatar are dealing with the aftermath of the World Cup. Even in auto racing, the new CEO of Formula E thinks his all-electric races can compete with Formula 1. It's a year of big moves, bold dreams, and some tough realities.
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questions
How do the lucrative brand deals for tennis players' significant others compare to the earnings of other professional athletes in different sports?
Is the sudden increase in sports figures' entrepreneurial ventures a ploy to distract from any secret financial troubles?
How has the influx of Saudi Arabian oil money into sports affected the power dynamics within various leagues?
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