@ColinandSamir 's Investment Into Lacrosse Worth MILLIONS

Name: @ColinandSamir 's Investment Into Lacrosse Worth MILLIONS
Uploaded: 2023-10-05T22:34:49+00:00
Duration: 33 s
Channel: Sam Parr
Description: In this brief conversational segment from the Colin and Samir YouTube channel, the hosts discuss the launch of a new professional lacrosse league…

5 Oct 2023 · 1 min

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In this brief conversational segment from the Colin and Samir YouTube channel, the hosts discuss the launch of a new professional lacrosse league spearheaded by top player Paul (likely Paul Rabil). They critique the existing Major League Lacrosse (MLL) for its poor player compensation and lack of healthcare benefits. Paul partnered with Nets owner and former lacrosse player Joe Tsai, who became the lead investor, raising substantial capital to build a league that promises reasonable salaries, player equity stakes, healthcare coverage, and a dedicated media strategy. One host reveals that he was the first investor, offering a personal, biased perspective on the league’s investment potential and its business model.

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there was a preexisting league called Major League Lacrosse. They paid their players terribly. They didn't have healthcare. And Paul became the, you know, number one lacrosse player. He had the biggest media platform. So he decided at one point, we're going to go raise money and create our own league. Like, this league sucks that I play in. And that's what he did. He turned to Joe Tai, who's a Nets owner who played lacrosse in college and loves lacrosse. He became the lead investor. They raised a bunch of money and said, we're going to pay the players a reasonable salary, give them equity in the league, we're going to give them healthcare, and we are going to create media around them. Do you think it's a good model also? I'm an investor. So a biased opinion. Yes.
That's amazing. Do you think that's going to be a good investment for you? Were you like the first one in? Because he's like your buddy. I was first one in, which is great. So it's doing good.
Yeah, yeah, yeah.