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04-24-2021, 02:32 PM
(This post was last modified: 04-24-2021, 03:18 PM by
82lsju.)
(04-24-2021, 12:59 PM)lex24 Wrote: Gosh, how awful for 16 and 17 year olds to be playing sports for free. I think Bezos is funding this. That’s reason enough for me to root for failure.
And, btw, what will the kids that don’t go on to the NBA or even higher level European leagues do once their “Overtime” “career” is over.
Quote:Overtime raised $80 million in a Series C
...
Bezos Expeditions, the personal investment firm of the Amazon CEO, is one of the companies tied to this funding round. Global investment firm Blackstone, Morgan Stanley and many NBA stars, including Devin Booker, Trae Young and Klay Thompson, joined the investment round. WNBA star Chiney Ogwumike is also an investor.
...
To date, the Brooklyn-based Overtime says it has raised more than $140 million. In March, the company made headlines when it announced Overtime Elite, a basketball league for 16-to-18-year-olds that allows them to earn at least $100,000 per year.
As of now, players who join are not eligible for collegiate-level play. But if OTE players do not pursue a professional career, OTE will provide an additional $100,000 for college tuition.
https://www.cnbc.com/2021/04/22/jeff-bez...rtime.html
Eric
"the older we get the better we were"
04-24-2021, 02:32 PM
(This post was last modified: 04-24-2021, 03:18 PM by
82lsju.)
(04-24-2021, 12:59 PM)lex24 Wrote: Gosh, how awful for 16 and 17 year olds to be playing sports for free. I think Bezos is funding this. That’s reason enough for me to root for failure.
And, btw, what will the kids that don’t go on to the NBA or even higher level European leagues do once their “Overtime” “career” is over.
Quote:Overtime raised $80 million in a Series C
...
Bezos Expeditions, the personal investment firm of the Amazon CEO, is one of the companies tied to this funding round. Global investment firm Blackstone, Morgan Stanley and many NBA stars, including Devin Booker, Trae Young and Klay Thompson, joined the investment round. WNBA star Chiney Ogwumike is also an investor.
...
To date, the Brooklyn-based Overtime says it has raised more than $140 million. In March, the company made headlines when it announced Overtime Elite, a basketball league for 16-to-18-year-olds that allows them to earn at least $100,000 per year.
As of now, players who join are not eligible for collegiate-level play. But if OTE players do not pursue a professional career, OTE will provide an additional $100,000 for college tuition.
https://www.cnbc.com/2021/04/22/jeff-bez...rtime.html
Eric
"the older we get the better we were"
