Money Smart Athlete Blog

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The Impact of Abolishing the NCAA Amateurism criterion on Female Sports

Last June the Intercollegiate Athlete Compensation and Rights Bill was signed into Law in Florida, by the state’s Governor Rick DeSantis. Florida’s move is the latest development of a precedent set by California, but certainly not the last as numerous states have similar bills in the legislative queue. What these laws do is simple: allow college athletes to profit from the use of their name, image, and likeness. Such laws are a direct assault against the so-called NCAA amateurism criterion which prohibits athletes from doing just that.

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The battle over athletes’ rights to profit from the use of their image – The Story, The Events and The Aftermath

College sports have been part of the American reality since the late 19th century when the Yale rowing team competed against the Harvard rowing team to what marked the beginning of an era: the era of college sports. Nearly 170 years have passed since then, but one thing remained the same, college athletes have never been able to use their image rights to benefit monetarily, up until recently.

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Should U.S. College Athletes be Paid?

When in 2015 a handful of football players tried to unionise and were rejected by the National Labour Relations Board, Donald Remy, NCAA’s chief legal officer applauded the decision and argued that: “Student-athletes are not employees, and their participation in college sports is voluntary”.  

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Football and the EU Money Laundering Risk List

The European Union (EU) has for years now been designing and implementing laws and policies that aim to prevent the use of the Union’s financial markets for money laundering, a process through which illegally obtained money are put through various transactions and deals that can eventually make the money appear as they were obtained from legitimate sources.

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How to identify Money Laundering in Sports

In a previous piece we pointed out the legacies of infamous drug lords such as Pablo Escobar and the Rodriguez brothers in the world of football.  It is not necessary, however, to send our imagination in pursuit of Netflix to the depths of South America in order to examine the relationship between criminals—money launderers to be precise— and the sport industry.

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The Impact of Money Laundering on International Sports

Money laundering is a hot topic on the global financial and political agenda right now, and the fight against it has become increasingly important in a world where governments are struggling to keep their fiscal balances in check, and reverse the rising incidence of tax evasion, drug trafficking and consumption, and criminality in general.

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The Social Implications of eSports

By Andreas Themistocleous, Contributor I really want to avoid the discussion on whether eSports are an actual sport. The moment the International Olympic Committee announced its consideration on including eSports in future Olympic Games, I was left without an...

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Financial Opportunities for eSport Athletes

By Niovie Constantinou, Contributor The eSport industry has grown vastly in the past decade, and what was once considered a hobby has now become a serious career path that can actually pay very generously. Video games are no longer simply designed to be played, as...

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Life after the Olympics

By Lazaros Ioannou, APC Sports Consulting Limited  Out of the 10.500 athletes that competed in the 2016 Olympics, a mere few hundred received a medal; even fewer are those who received substantial sponsorships which can support them financially after their...

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