Student-Athletes Name, Image, Likeness Deals: The Lesson For All of Us

Following on our last blog regarding the NCAA clearing of student-athletes to pursue name, image and likeness (NIL) deals, we want to talk about why this makes sense to major corporations and the lesson for each of us.

NCAA clearing of student-athletes to pursue name, image and likeness (NIL) deals is a game changer.

Most business owners have expansion on their minds. They’re always looking to grow!

You may have heard of Peloton’s recent acquisition of Precor. It was a $420 million deal and Peloton’s largest acquisition to date. 

We’ve all heard stories of business partnerships going sour. For every success story, we seem to hear 10 more where some sort of arrangement, trust, or decision-making went south and the partnership, or in some cases the entire business, dissolved as a result.

It’s an age-old dilemma for many business owners: how can you properly compensate top talent on your team without breaking the bank?

Whether you’re buying or selling a business, predictability is a virtue in the process that benefits both sides.

Building a dream team for your business clients takes time, finesse and communication. Whether you’re an orchestrator for legal, financial, or general business issues, building a strong internal team that can help the new owner(s) of a business succeed after an acquisition is key to more efficient and successful acquisitions.