Alex Rodriguez, Marc Lore Invest in Athlete ‘Stock Market’, Rodriguez and Lore, who purchased a 20% stake in the NBA’s Minnesota Timberwolves and the WNBA’s Minnesota Lynx for $1.5 billion last April, will not be involved in the day-to-day operations of the company.
Mojo CEO and co-founder Vinit Bharara said the company is still making arrangements with sports leagues, gaming commissions, and regulators.
“I’ve always thought the idea of a sports stock market was the holy grail — the vision could transform sports, and fandom as a whole,” Lore said.
He previously worked with Bharara on a sports trading market called ThePit, but sold it to Topps for $5.7 million in 2001. Bharara highlighted that with new gaming laws and legalization, they “can do it the way it was supposed to be done.”
Every year, countless players travel abroad to secure paychecks often double those of top WNBA salaries.
Kyrie Irving recorded the most efficient 50-point game in NBA history. But he’s only eligible to play in five more games as the Nets fight for a playoff berth.
Lewandowski’s 23-minute hat-trick was the fastest to start a match in Champions League history. He could lead Bayern back to the UCL Final.
The Broncos reshaped the AFC West landscape, agreeing to a massive trade with the Seahawks for Russell Wilson. With a defense that ranked third in points (18.9) and eighth in yards (326.1), a Super Bowl champ like Wilson could be all the team needs.