What are the investment moves of the Greek star of the Milwaukee Bucks that raise questions about the level of their return – What is happening with the Calamos Antetokounmpo Global Sustainable Equities ETF
Money flows abundantly into his bank accounts Giannis Antetokounmpo and how can this not happen, when his “golden” contract with the Milwaukee Bucks is runnings which only in the 2022-23 season will give him 42,492,492 dollars. and at the same time supplements his annual income from a double-digit number of sponsorships and commercial agreements with numerous companies.
His personal brands of clothing and accessories, of course his multi-year partnership with sportswear and footwear giant Nike, which has launched 4 shoes with his signature, but also his other businesses ensure the Greek international basketball player of the “deer” of the N.B.A. and so much – and more – money, until he reaches the more than doubling of his “turnover”.
The profits of the Greek Freak seem unimaginable and really at the moment not even the American market experts are in a position to… evaluate their height. The reason;
US Media Specialists characterize as business bets (bets) of the Bucks star at least 4 of his venturesnamely his investments and holdings in Ready Nutrition, the Milwaukee Brewers and Nashville SC and of course the most recent, his partnership with expatriate billionaire John Calamo in the case of the “green” funds they jointly control.
Four “cooperatives” which in short constitute the “unknown-X” for the future formation of the athlete’s income.
Ready Nutrition, a start-up company producing and marketing sports drinks, is considered to be Giannis’ first significant investment on the other side of the Atlantic Ocean, as of May 2020. Markets Insider ranks Ready Nutrition and its products in competition with Coca-Cola and Powerade and PepsiCo’s with Gatorade.
About 3 years ago it was estimated that G. Antetokounmpo’s startup will easily surpass the “barrier” of 100 million dollars in its revenueswith a prospect for 200 million dollars, with an ever-increasing presence in thousands of points of sale in the United States on the shelves of leading chains and aiming to start selling in the Greek market as well.
The player reportedly invested a six-figure sum in the project, while simultaneously taking on the promotion of the brand (“It’s not just a deal, it’s something I believe in,” he told Forbes), however the size of the profits he could make from Ready Nutrition has yet to be determined.
The business in baseball and football
The 28-year-old forward’s investments in Sport Business are represented by the acquisition of stakes in two American teams, in different sports, in baseball and soccer: Major League Baseball’s Milwaukee Brewers since May 2021 and Major League Soccer’s Nashville SC earlier this year, March 2023, with his three siblings as “teammates”.
In the first instance, Giannis Antetokounmpo admitted he wanted to own a professional sports team and was drawn to the Brewers in part because of his gratitude to Milwaukee for embracing him as a teenager and changing his life.
Along with his desire to plan his life after the N.B.A. and “thinking about things, where I want to be in the future and what I want to do.”
As for his second and very recent deal in the “sports industry”?
“My father was a professional soccer player and it was the first sport I fell in love with in Greece. I always had the dream of owning a football team. When my brothers and I explored Nashville SC, we knew it was a team and a city we wanted to be involved with,” is a statement from Giannis cited by the press.
About the story: Nashville SC is playing for a second season at GEODIS Park, the largest soccer stadium in the US and Canada (capacity 30,000 seats) from Spring 2022.
The details of the Antetokounbros’ new investment were not made public, and of course no one – except themselves and their partners – is able to calculate the possible long-term financial impact of the two aforementioned agreements.
“To teach my children to invest”
It is too early for any assessment and for the performance of the Calamos Antetokounmpo Global Sustainable Equities ETF, of a bundle of ESG funds that will be accessible to investors.
It was only on March 31 that Giannis made his “present” on Wall Street and rang the bell for the start of ETF (Exchange Traded Fund) trading on the New York Stock Exchange.
In relation to the joint venture which he formed (50%-50%) with Calamos Investmentshe appears from the media to have contributed to the formulation of the strategy followed and the decision to donate part of the profits to charity.
The fund’s prospectus says the Bucks ace won’t manage his portfolio or oversee its day-to-day investments.
In the previous 24 hours, he allegedly stated to the CBS network that Mrits aim is to help people invest their money and improve their financial knowledges: “Unfortunately, growing up, I didn’t have anyone to sit me down and teach me how to invest my money and guide me on my own journey. It is now the number one thing I will teach my kids. I want before they even get their first dollar they know how to make one dollar, two. How can I give people access to invest.”
However, two other investment efforts recorded in the assets of the Greek basketball player concern the health sector and in particular telemedicine with the Israeli startup Antidote Health and WatchBox (a platform for the sale of luxury watches), without any new discussion about them.
This year’s income of the Greek Freak will be boosted by a minimum of $3.15 million from the third installment of Giannis Antetokounmpo’s super max contract with Milwaukeesince from $42,492,492 (2022-23), it will increase for the new season (2023-24) to $45,640,084.
Source: https://www.newmoney.gr/
