Home Court Capital to Invest in Early-Career Professional Athletes
NEW YORK--(BUSINESS WIRE)--Dec 5, 2018--Today, Home Court Capital announced the launch of its services to invest in early-career professional athletes across the NBA, MLB, and NFL. With an initial $150 million to deploy, Home Court Capital will accelerate player income and help provide greater financial security and flexibility to select athletes.
Home Court Capital participates in athletes’ career successes by providing an upfront cash payment in exchange for the assignment of a small, fixed percentage of future athletic career earnings. In the event that an athlete does not generate future sports-related income, for whatever reason, there are no ongoing repayment obligations. In addition, athletes realize enhanced financial security in the event of an injury or other material change in circumstance.
“Home Court Capital is proud to bring a new approach to investing in the sports industry by bringing capital directly to the athlete,” says Peter Gourdine, President. “Our team of experts in sports, quantitative investment strategies, finance and law, offer investors and athletes alike a strong program, designed to mutually benefit all parties involved.”
Mr. Gourdine is an experienced executive and attorney, having worked for major global and national level law firms for more than 8 years – most recently in the areas of sports and entertainment rights enforcement and dispute resolution. Prior to his legal career, Mr. Gourdine had a successful 12-year career with the NBA. He is the son of former NBA Deputy Commissioner and Executive Director of the NBA Players Association, Simon Gourdine.
To identify athletes and diversify its portfolio, Home Court Capital uses a quantitative approach that combines big data analytics and machine-learning techniques, with a qualitative, industry-knowledgeable overlay. The investment strategies at Home Court Capital are led by Guy Fischer, Chief Investment Officer. Mr. Fischer is the former Chief Investment Officer and Deputy Head of Capital Markets Division of Bank Leumi, Israel’s largest bank, where he oversaw global investments of more than USD$23 billion AUM, in a wide variety of asset classes.
Home Court Capital’s investments benefit the early-career athlete in a multitude of ways beyond just accelerated income. “Athletes who partner with Home Court Capital will be entering into a relationship built on more than just financial returns. We believe in the importance of an athlete’s professional relationships, and our investment process is designed to support those relationships,” adds Mr. Gourdine. Home Court Capital has a world-class marketing and branding specialist among its advisors, who is available to athletes whom Home Court Capital invests in, upon the request of the athlete’s existing professional advisors. This specialist can help access marketing and endorsement opportunities, at no charge, helping further define and enhance an athlete’s brand.
About Home Court Capital
Home Court Capital invests in early-career athletes across the three major U.S. professional sports leagues by providing upfront cash payments. This supports athletes in achieving greater financial security and flexibility by accelerating the rate of their early-career income and mitigating the risk that they will not earn as much as they anticipate. We participate in career successes by providing an upfront cash payment, in exchange for the assignment of a small, fixed percentage of future athletic career earnings. However, in the event that an athlete does not generate future income, for whatever reason, there are no ongoing repayment obligations.
To learn more about Home Court Capital, please visit www.homecourtcap.com
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KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: GENERAL SPORTS PROFESSIONAL SERVICES FINANCE SPORTS
SOURCE: Home Court Capital
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PUB: 12/05/2018 10:22 AM/DISC: 12/05/2018 10:22 AM