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Author: moneysmart

Sports Professionals and Sport-specific age limits and limitations

Sports Professionals and Sport-specific age limits and limitations

By Anna Kyprianou, APC Sports Consulting Ltd Am I too old to continue playing? When should I retire? These are some of the main questions that all athletes ask themselves at a certain stage of their career. The answer is never straight forward, since it depends on your sport, your physical and mental fitness, your performance level and your expectations, as well as your financial realities. Let’s first take a look at the age you are qualified to become a…

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Interview with the Vice President of FIFPro-Europe, Mr. Spyros Neophytides

Interview with the Vice President of FIFPro-Europe, Mr. Spyros Neophytides

Question: List and explain the most important issues faced by footballers as they near retirement. Answer: As they near retirement, footballers come across a series of different issues. One of the primary and most important issues they face is their future financial sustainability and the huge danger to have limited to almost no income when they stop playing football. Apart from that, lack of education can create huge stress, as it creates uncertainty regarding their future professional steps. In addition,…

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The Athlete’s Career: Knowing when to retire from field play

The Athlete’s Career: Knowing when to retire from field play

By Demetris Constantinou, Contributor An athletic career in professional sports entails taking important decisions that affect both your professional career, as well as your personal life. One of the most crucial decisions an athlete has to make is to decide at what point in their career they’re ready to retire. While for some of us retirement is at a government-mandated age, for others a personal preference, athletes don’t have that luxury, given that it’s driven by age and the ability…

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Preparing in advance for Retirement from Sport

Preparing in advance for Retirement from Sport

By Constantinos Massonos, Contributor The end of any playing career is a bittersweet, overwhelming moment, as athletes have to give up the life they enjoyed for years: training schedules, travels and competing in front of big crowds. The idea of letting all of these go and adjusting to a new lifestyle can be daunting and stressful and being emotionally and financially prepared is essential for a successful transition to life after sports. As sporting success is based on careful planning…

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The last contract of the retiring athlete

The last contract of the retiring athlete

By Andreas Themistocleous, APC Sports Consulting Ltd Professional athletes in the National Basketball Association and Major League Baseball were studied for a ten-year period, by researchers at the University of Missouri, who established that the so called “contract-year effect”, in the sport world, can actually be proven scientifically. In other words, athletes do tend to have a performance boost in the year leading to contract negotiations, with a decline in performance, once the contract is secured and once they can…

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March 2020 Editorial: Mature Athlete Issues

March 2020 Editorial: Mature Athlete Issues

March 1, 2020 Professional athletes dedicate their lives to sport and make a lot of personal sacrifices to pursue their athletic dreams.  Usually ageing is not kind to athletes, as it impacts their performance negatively and it is a signal that their days of athletic glory are nearing their end.  The mature days of athletes signify the end of their athletic career and they usually come with a number of distressful reactions and psychological effects. Retirement from sport at a…

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Athletic Entrepreneurship: Using your Brand to Build Business

Athletic Entrepreneurship: Using your Brand to Build Business

By Demetris Constantinou, Contributor When we think about entrepreneurs, we tend to concentrate on people that came up with new ideas and innovations that have shaped our lives in different ways. While this is a core determinant of what an entrepreneur is, it excludes a big fraction of entrepreneurship that has been on the rise the past couple of decades: Athletic Entrepreneurship. This form of entrepreneurship, rather than focusing on providing life-changing innovations and solutions, emphasizes on creating value by…

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A tribute to Kobe Bryant: The Entrepreneur and Basketball Legend

A tribute to Kobe Bryant: The Entrepreneur and Basketball Legend

By Andreas Themistocleous, APC Sports Consulting Ltd I was wrong to think I could write this article without crying, while going through research material about the Legend of Kobe Bryant that I had witnessed in person, as a basketball player in the NCAA, during Kobe’s prime years with the Lakers. He was on our daily discussion agenda in the locker room, about his performance, his attitude, his approach to the Game, whether or not he was better than Jordan and…

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Building the athlete’s entrepreneurial team

Building the athlete’s entrepreneurial team

By Constantinos Massonos, Contributor One of the hardest parts of a professional athlete’s life is transitioning to a second career after sports. Sports stakeholders, having recognized the issue, strive to help athletes realize that their “dream job” won’t last forever, and that they should start preparing for life after sports as soon as they start competing professionally. Athletes can utilize the characteristics that allowed them to compete professionally, by choosing between two main paths, getting employed or working for themselves…

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Why athletes become great entrepreneurs

Why athletes become great entrepreneurs

By Lazaros Ioannou, APC Sports Consulting Limited There are many examples of professional athletes who made it into business after their retirement from sports. Payton Manning, David Beckham, John Elway, Magic Johnson and Venus Williams are just a few examples of the most notable elite athletes who made a successful transition from sports to entrepreneurship. The entrepreneurial success of athletes is highly attributable to the traits and characteristics athletes cultivate throughout their athletic career.  These traits that are acquired by…

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