The aim of the Money Smart Athlete Blog is to provide athletes worldwide with the tools to become money smart and help them make savvy financial decisions. We created this blog to transmit and share the knowledge we have accumulated as financial and business advisors during the past two decades.
Professional athletes have traditionally been targeted by fraudsters and a sizeable percentage of them end up as victims of investment fraud or financial scams. The global sports business and professional players’ salaries are increasing in value each year and so do financial fraudsters.
The exponential financial growth of the sports industry has, unfortunately, brought about an array of opportunities for illicit practices like match fixing, money laundering and human trafficking.
It has been over four years since San Francisco 49ers quarterback Colin Kaepernick refused to stand up for the American national anthem, later explaining that he cannot show pride for the flag of a country that oppresses black people and people of colour.
Professional athletes are nowadays some of the most well-known individuals worldwide, with millions of fans looking up to them.
“It’s especially up to us, as role models to go public and continue with things which are more important than playing football” – Alexandra Pop, footballer.
Growing up we all need our role models, heroes and idols that inspire us to dream and mumble: “One day I will be like them”.
Leadership is a term associated with acts of bravery which can lead to world-level changes, making it appear as something huge...
During these surreal times we live in, social responsibility becomes more than just a mere catchphrase, PR stunt and marketing technique.
Corruption is not something new in the world of sports. It has existed since the establishment of sports competitions.
Betting is deeply ingrained in the cultural framework of sports and is even viewed as a pre-existing activity which is part and parcel of competitions.
One of the first and most basic theories an aspiring sport economist will come across in sport literature is the uncertainty of...
In 2018, Ulrich, Pope, Cléret et al., published the results of an anonymised survey that was conducted in 2011-12 and asked more...
Sports Corruption dates back to the 388 B.C Olympic Games when the fist-fighter Eupolos bribed his three competitors.
Sport parenting is a phase in life that most parents go through; it could be that their child has decided to take on soccer, swimming, or tennis practice after school, or even pursue a career in sport.
The first day of college practice usually has a surprise in-store for student-athletes. It’s the hard realization of the fact that all NCAA athletes will turn pro but in something other than sports.
It is a common mistake for parents to try and dictate to their children how and in what way to live their lives—a route which entails many dangers.
Perhaps it comes as an insult, but the reality is that we, parents, should learn to be our children’s top fans.
Family is said to be the backbone for any successful young adult. The support, love, care and guidance given to children...
Time and again we have pointed out the challenges posed by following a career in sport, the biggest one being uncertainty as to the longevity of an athlete’s career.
