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Category: Editorials

May 2020 Editorial: Athlete Welfare

May 2020 Editorial: Athlete Welfare

May 11, 2020 Athlete welfare refers to the creation of a safe environment for athletes, both in their athletic and personal lives.  Leagues and clubs have a huge role in the promotion of athletes’ welfare and while efforts to ensure the welfare of athletes are being made for some time, the real need for heightened efforts has surfaced during the past decade. Obviously, there is a need to turn sport into a more athlete-centric affair by focusing on the wellbeing…

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The Coronavirus Effect on the Financial Health of Athletes

The Coronavirus Effect on the Financial Health of Athletes

April 1, 2020 The coronavirus pandemic has swept the whole world, sport included.  We are all in a state of shock, unable to really comprehend what is going on, unable to do much but try to keep safe within the boundaries of our homes and just wait for the storm to go away. The sports industry has been severely affected by the coronavirus with a devastating ripple effect on sports clubs, athletes, sponsors, television networks, employees of sports with. One…

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February 2020 Editorial: The Entrepreneur Athlete

February 2020 Editorial: The Entrepreneur Athlete

February 1, 2020 Entrepreneurship is a lucrative post sports career option for many athletes.  Entrepreneurship itself is very exciting and it usually comes with excellent wealth generating prospects.  During the past decade, we have seen a number of successful business ventures initiated and headed by athletes.  Entrepreneurs are usually risk takers, they like to create, they love to work and do not mind being constantly out of their comfort zone.  These very same characteristics are the ones that athletes cultivate…

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January 2020 Editorial: The Holistic Model of Athlete Development

January 2020 Editorial: The Holistic Model of Athlete Development

January 1, 2020 Happy New Year to all of our readers and may 2020 be an exciting year of positive change and extraordinary growth!  We start off this year by exploring the Holistic Model of Athlete Development and its positive effects on both athletes and society. Currently, the sports industry is focusing on creating the conditions necessary to produce world class athletes.  This approach benefits the sporting aspect alone and does not focus on the player as a whole person. …

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December 2019 Editorial: Female Empowerment in Sports

December 2019 Editorial: Female Empowerment in Sports

December 1, 2019 Empowerment is the process of increasing the capacity of individuals or groups to make choices and to transform those choices into desired actions and outcomes. Empowerment is a process. Through the process, an individual becomes an agent of change. More simply put, it’s the “can do” factor, going from “I can’t” to “I can.” Empowering females is powerful. Today, we know it is the key to economic growth, political stability, and social transformation. In the context of…

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November 2019 Editorial: Cross Border Concerns of Money Smart Athletes

November 2019 Editorial: Cross Border Concerns of Money Smart Athletes

November 1, 2019 It is quite clear that nowadays many international borders are crossed in the pursuit of professional athletic careers. In the last 30 years we have witnessed a large movement of athletes crossing borders to play and live overseas. Professional athletes moving abroad face a number of challenges as they settle and adjust to new realities.  Signing a playing contract in a foreign country comes with many challenges; a new culture, a different language, a different tax and…

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October 2019 Editorial: The Money Smart Athlete and Social Media

October 2019 Editorial: The Money Smart Athlete and Social Media

October 1, 2019 Social media are communication and socializing tools that we use in our everyday lives. According to the latest statistics, the number of social media users worldwide in 2018 was 3.196billion, with an increase of 13 percent from the previous year. Companies and individuals use social media to promote their brand, products and services.  Nowadays, athletes use social media quite heavily to market themselves and communicate with their fans, sponsors and potential sponsors. Through social media, athletes are…

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September 2019 Editorial: The Challenges of an Elite Career in Individual Sports

September 2019 Editorial: The Challenges of an Elite Career in Individual Sports

September 1, 2019 The life of an elite athlete in individual sports can be a very lonely one; long practice hours, extensive travelling around the globe, not much time to spend with family or cultivate friendships, and the list goes on.  An elite sports career takes a lot of hard work; a strict training schedule, strenuous and consistent practice and foremost, personal sacrifices. The challenges faced by elite athletes in individual sports are many; financial difficulties; parental and social pressure;…

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August 2019 Editorial: Creating Long-Term Wealth for the Money Smart Athlete

August 2019 Editorial: Creating Long-Term Wealth for the Money Smart Athlete

August 1, 2019 Athletes may earn substantial amounts of income but within the limits of a short time span, usually 10 to 15 years.  The average annual salary of an athlete can be anywhere from 50 to 100 times more than the average household income both in the U.S. and Europe.  The end of the athlete’s field play usually marks the end of the substantial earnings. With the limited time span of most athletic careers, it is imperative for athletes…

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July 2019 Editorial: The Contribution of Athletic Performance to the Athlete’s Personal Financial Success

July 2019 Editorial: The Contribution of Athletic Performance to the Athlete’s Personal Financial Success

July 1, 2019 All professional athletes strive for excellence in their field; this is considered the norm and it is expected of every professional athlete.  However, only a handful of them acquire ‘elite’ status which of course translates to stardom and in consequence, to a variety of financial opportunities.  These ‘elite status’ athletes comprise no more than 5 to 10 percent of the athletes in their field. Our topic this month deals with the chances of financial success for the…

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