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Rich Paul, founder and chief executive officer of KLUTCH Sports Group, speaks during the Bloomberg Power Players Summit in Los Angeles, Californ. Photographer: Lauren Justice/Bloomberg via Getty Images
According to People Magazine, Paul’s assertion is partially one of prudence; he simply doesn’t have the money required to be a principal owner of a major American sports team. Paul also enjoys sitting on the basketball court floor andthe ability to park near players, and he would want a salary cap of some kind if he were to get involved on that level with a team franchise in the NBA or NFL.
When asked about his stake in the team at the event, Paul coyly responded, “So, we will see what happens with that.”
“We have barely turned on any of the advertising knobs, much less the subscription knobs,” DePietro said. “We think there’s a massive opportunity to leverage a lot of the installed base, the excitement behind it, the avidity of the fans, of the players, and there’s tons of sponsorship and marketing opportunities for the league.”
Paul’s investment could end up being extremely lucrative for the sports world’s latest super agent, who is also dating Grammy-winning recording artist Adele.
Paul reflected a bit on the process of writing the book and what he hopes comes across to readers of the book.
“When you read the book, you get to dive into a lot of the things that I had to overcome,” Paul told People. “But hence the title of Lucky Me. I was lucky enough to be able to continue down a path where there wasn’t a ton of light, but the door was cracked with a little light and I was smart enough not to invest in the pitfalls that were there for me every day in my environment.”
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Source: Black Enterprise
