These top athletes are investing in corn instead of crypto

Over the past two years, FTX, Coinbase COIN,
and Cash App SQ,
The company has signed equity and sponsorship deals with several athletes, paying them stock in the company or crypto itself.

For some high-profile athletes, including NFL star Tom Brady, that hasn’t worked.

Cincinnati Bengals quarterback Joe Burrow, Boston Celtics forward Blake Griffin, New York Islanders forward Anders Lee, Toronto Blue Jays pitcher Kevin Gausman, Milwaukee Bucks forward Chris Middleton is one of the professional athletes who recently purchased a 104-acre Iowa corn and soybean farm for $5. a million.

See also: Usain Bolt is losing millions from his investment portfolio, says his manager

The financial acquisition was made through the investment firm Patrikov. The plan is to lease the land to farmers with the expectation of single-digit annual returns. A total of 24 athletes are part of the purchase, according to FrontOfficeSports.

“We made six investments last year, and then three last year,” said founder Mark Patricoff. “The market has changed. The world has changed. but, Rating should have, so we refrained. It was the right time in the cycle to put money into this asset class. “

The group doesn’t end on the farm either. Patrikoff plans to purchase four more farms in the next few years, including a watermelon farm in Oregon, the report continues.

FYI: Athletes like Tom Brady and Odell Beckham received cryptocurrencies in return.

In addition to being world-class athletes, many athletes are successful businessmen. MarketWatch chronicles how athletes like Kobe Bryant, LeBron James, and Serena Williams have ballooned their already impressive fortunes earned through sports into multi-million business his ventures.

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