NBA star Kevin Durant and Rich Kleiman’s VC firm, Thirty Five Ventures, is joining Canopy Rivers’ strategic advisory board, marking its second cannabis-related venture, following its investment in Dutchie earlier this year. As per the deal with Canopy Rivers, Thirty Five will collaborate with the investment company affiliated to Canopy Growth as it continues its global expansion and further develops its portfolio. The publicly traded investment firm will also seek to co-invest with Thirty Five in marijuana-related companies. The idea is to leverage Durant, Kleiman and his team’s “experience in brand development, marketing, and the sports and entertainment industry,” a Canopy Rivers spokesperson said.
Tag: Business
This season, Tatum will earn a base …
This season, Tatum will earn a base salary of $7.83 million — and every penny will go straight to the bank. “All the money I get from the Celtics, I put it in a savings account,” he told Maverick Carter on an episode of “Kneading Dough.” To this day, he hasn’t touched a dime of his NBA money and lives off endorsement deals, which have included Gatorade, Imo’s Pizza and Honey Dew Donuts.
Tatum, now 21, didn’t grow up with …
Tatum, now 21, didn’t grow up with money. He and his mom lived “check to check,” he told Carter, “but as I got older and started understanding that the NBA was coming to reality, she started talking to me about the importance of balancing all of this money.” She still helps him out today, acting as his financial and business advisor. While he’s careful with his cash, “I didn’t make all this money to save it all,” said Tatum. After he got drafted, he bought an Escalade for his mom and a Range Rover for himself.
“Basketball is something we have to get …
“Basketball is something we have to get up and do every day and practice it,” Rudy Gay said. “Business is the same way. You can always be more knowledgeable at whatever business you are in. It’s like coming in and working on your jump shot every day.”
From opening PickUp USA Fitness gyms in …
From opening PickUp USA Fitness gyms in Baltimore and Florida to his children’s clothing line to the charitable work he does through his Flight 22 Foundation, the self-described Renaissance Man never stops thinking about ways to better himself, his family and the community. “I’ve got a lot of different things going on,” Gay said. “There isn’t one thing I’m really, really, really good at. Or, maybe I just haven’t found it yet. But my niche right now is to keep myself involved in a lot of different things. I guess I can take my pick after my career is over.”
That Gay has so many irons in the fire …
That Gay has so many irons in the fire from a business perspective doesn’t surprise the teammate who knows him best. “I’ve seen his evolution, how he’s turned into the businessman he is,” forward DeMar DeRozan said. “He has his hands in a little bit of everything. He’s going to make a good businessman when his career is over. He’s very knowledgeable about a lot of things outside sports, and that’s going to go a long way.”
The Lakers are taking the fan …
The Lakers are taking the fan engagement up a notch this season where fans can win prizes and enter sweepstakes by simply picking the correct outcomes during games. The Lakers and GTG Network, a sports gamification and content provider, have partnered up to launch a free-to-play prediction and fan engagement game customized for Lakers fans on the team’s official app called “Lakers Fan Pick”. “The Los Angeles Lakers are one of the most recognizable and iconic brands in all of sports,” said Nathan Rothschild, co-founder and partner, GTG Network. “It is incredibly exciting to launch this innovative fan experience for Lakers fans. Our relationship with the Lakers establishes our vision of enhancing the way sports fans engage with their teams. This partnership is just the tip of the iceberg of how GTG Network can enhance the fan experience by powering engagement through data analytics and gamification.”
Former NBA star Zach Randolph may not …
Former NBA star Zach Randolph may not have expected to see people riding kangaroos down the streets, but he admits he’s on a steep learning curve as part-owner of South East Melbourne Phoenix. On his first trip to Melbourne, all 206cm of the man mountain laughs when asked if he thought he might see a few people riding kangaroos down the street. “Yeah, look, I ain’t gonna lie, but man, it’s beautiful, the people here are beautiful, it’s just great here, man.”
“I guess I didn’t really do my research …
“I guess I didn’t really do my research like I usually do, I was rushing, I guess the city’s beautiful and everything, they’re basketball people, they have love for the team and the city,” Randolph told the Herald Sun. “This league has been here longer than 40 years, and I see why this is the best league besides the NBA in the world. Honestly, I don’t just say that because I’m a part owner, because the platform, the players, the cities, who wouldn’t want to come here?”
Randolph, who counts fellow former NBA …
Randolph, who counts fellow former NBA players Josh Childress and Al Harrington, as well as Aussie Utah Jazz guard Dante Exum as partners in the ownership group, is excited to see the Phoenix develop in the burgeoning corridor of Melbourne’s southeast.