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Category: Sports Financial Literacy

The Major Leagues and Financial Literacy

The Major Leagues and Financial Literacy

By Lazaros Ioannou, APC Sports Consulting Limited  Athletes have a passion for their sport and a passion for the game.  They spend a lot of hours practicing and they focus on being successful at the game.  During their glory days of big dreams and big money, professional athletes do not think of obtaining the necessary knowledge which will help them make financial decisions with a life-long impact. However, they need to have at least a basic financial understanding to make…

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Financial Literacy Considerations for Student Athletes

Financial Literacy Considerations for Student Athletes

By Demetris Constantinou, Contributor As a student athlete, you always tend to believe that the most important thing you need to develop during college is the sport that you’re participating in. Truth is, this is partially correct, but there’s another aspect that most student athletes neglect: the importance of financial literacy. Starting from college, all the way until the end of your career in a professional league, you need to be aware of several basic financial literacy considerations which will…

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The Sports Financial Literacy Academy

The Sports Financial Literacy Academy

By Athena Constantinou, APC Sports Consulting Ltd The Athlete Vulnerability Issue Athletes are amongst the most financially vulnerable persons of our times and the statistics globally support this claim. There are various factors contributing to the financial vulnerability of athletes: Athletes 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 that the average household…

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How the Money Smart Athlete can overcome financial failure through financial literacy

How the Money Smart Athlete can overcome financial failure through financial literacy

By Constantinos Massonos, Contributor Professional athletes are widely recognized as some of the most influential people of our times, appearing in articles and videos everywhere; TV News, magazines, newspapers and social media. Viewers and readers find the stories behind the athletes’ lavish lifestyle and athletic performances intriguing and the athletes with the greatest achievements and influence can be considered role models. The celebrity status achieved by many athletes, makes stories of them going bankrupt, attract a lot of attention and…

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