The NFL is gross
The NFL launched an investment fund called 32 Equity back in 2013 with $1 million from each team owner.
Team owners have doubled down several times since, and 32 Equity has now raised more than $250 million.
The strategy is simple: the NFL invests in companies, helps them grow through NFL deals (think: data, licensing, sponsorships), and then benefits as a shareholder, profiting off both sides of the transaction.
In 2017, the NFL acquired a 3% stake in Fanatics at a $3.17 billion valuation. Fanatics works with the NFL on everything from merchandise and trading cards to hospitality and retail, and is now a $30 billion company.
Other investments include Hyperice, CLEAR, NOBULL, Skillz, Genius Sports, EverPass, and Appetize, with multiple companies producing nine-figure returns.
Now the NFL is doubling down again, announcing yesterday that it is partnering with private equity giant General Atlantic ($130B AUM) on a new investment fund.
By becoming a general partner in this fund, the NFL will get paid to manage other people's money (management fees and carry), and team owners won't have to share any of that money with players (because private equity investments aren't included in revenue sharing).
Today's newsletter breaks down the details.
READ MORE: huddleup.substack.com/p/nfl-…
30
The Camera Pan away at 23 seconds is remarkable. He is pretending to wave to a crowd of people. The guy's brains are mashed potatoes
Trump engaged in a thoughtful, extended conversation with—nothingness. He suddenly stopped, waved, saluted, offered greetings, and chatted for a bit with the empty space. 😁🤭
The cameraman deliberately zoomed out to show that there was absolutely no one to be seen for hundreds of meters in any direction.
Apparently, Trump received a visit from the very same "invisible person"—the kind of encounter he had previously mocked Joe Biden for supposedly having.
t.me/MirovichMedia/15645
60
mitchell retweeted
For a year, @SandoNFL and I dove into what actually goes on in an NFL headset, and the vast networks that make every play possible - hidden in plain sight.
Then, the best visuals team in the world made it tangible.
A project unlike any you’ve seen: nytimes.com/athletic/interac…
6
78
291
103,188
mitchell retweeted
The fact that Google co-founder Sergey Brin has enough loose change to spend $100 million of it on a campaign to defeat the proposed one-time 5% tax on California billionaires is itself the single most powerful argument in favor of a one-time 5% tax on California billionaires.
11
861
6,761
44,593
The community note. 🤣🤡🤡🤡🤡🤡
Community note
Breiden Fehoko never played at Arrowhead Stadium and faced the Chiefs only once, in Los Angeles. NFL data shows the Chiefs among the more penalized teams since 2018, with playoff differences largely attributable to home-field advantage.
en.wikipedia.org/wiki/Breiden_F…
nflpenalties.com/team/kansas-ci…
statmuse.com/nfl/ask/most-p…
x.com/markkern111/st
49
Anyone who can be avg. he ranks 19th in EPA and the team has a -16 point differential. Aside from all that, you’re glazing a sexual predator and still dont get the difference between correlation v causation
1
104
This outfit is too gay for WEHO Pride Parade
Most men who look like this are compensating for a small penis and the truth knowing that if the shit hit the fan, he’d be hiding behind his couch
When Islamic protests starts in the US, they will never expand outside the cities. Because they will start running into guys like this.
That's the difference between the Islamic takeover of Europe and the US.
1
3
225
This is a work of art
The black rifle coffee alpha male takes a sip from his thermos and looks out from the bunker to the battlefield, it’s hell out there. “Perfect” He thinks
He adjusts the sights on his custom-built 16-inch 6mm ARC AR-15 with a Proof Research carbon-fiber barrel, JP Enterprises silent captured spring system, and a Geissele Super Dynamic Enhanced two-stage trigger. He picked it because the trigger felt smooth against his $350 carbon fiber combat gloves, and the alloy magazines were 20 grams lighter against his $2200 Kevlar vest.
He mindlessly feels at his tactical pouch, he has a 10 year supply of testosterone cypionate in it, just in case the pharmacies get hit. He smirks, “Daddy needs his combat fuel.” He’s been on TRT for 7 years, his testes have cobwebs on them.
He steps out of the bunker, he’s spent years training for this moment, doing weighted carries, getting “don’t tread on me” tattoos, bow hunting, having a beard.
“It’s fuckin showtime.” He announces.
Just then he feels something lightly tap his leg. He glances down. It’s a 17 dollar drone off temu. It has a decal on it.
“Is that… hentai?”
His legs are blown smooth off.
12 miles away in a disgusting room illuminated only by the degenerate glow of purple LED strip lighting, a 17 year old leans back in his cum stained gamer chair. He’s grown so frail and sickly his friends and family keep mistaking him for Asmongold.
He grabs another 30mg vyvanse and washes it down with a cold chicken nugget.
“GG faggot”
He’s killed 500 men.
1
101
“Look, the guy has no life balance and his family hates him, but …go CSU”
This isnt celebratory
WILD: CSU’s new DC Kenny McClendon has been LIVING at Canvas Stadium for the past 2 weeks
HC Jim Mora:
“Kenny hasn’t been home in 2 weeks… we took Jordan’s (LB coach) office and turned it into a bedroom for Kenny, so he just sleeps there.”
93
mitchell retweeted
I've long thought Shane Gillis is a terminally unfunny, boring scrub with no point of view and nothing interesting to say. A true vanilla regressing to the middle. A vibeless void.
Which is why I'm constantly surprised y'all give him the power you do. He's an inert blob.
1
1
5
237
The year is 2046 and someone dies of a heart attack. Here comes former NFL Players and @JamieKennedy asking if it could be the vaccine. We live in the dumbest fucking timeline ever and it's sad
4
155
My first night in my 15 year leased apartment.
@spencerpratt I get you’re mad that you lost. Mad that you pissed away millions on crystals and blame it on someone else, but at least make and support better fake videos
99
mitchell retweeted
It's another "magic trick" by @elonmusk . We chronicle this trompe l'oeil aspect of his stock-pumping playbook in "Musk," which is now in theaters. It started with a "demo" of battery swap technology which looked spectacular and turned out not to be real.
Everything Yann said here is roughly correct, and Musk knows it, which is why he responded like a 14-year-old.
44
240
909
25,104