An athlete’s career is short. The typical NFL player’s career is over in three years and most NHL players never play more than 100 games. Even more startling is 78% of NFL players are nearly bankrupt within two years of retiring and 60% of NBA players are usually bankrupt within five.
Since athletes have a shortened money-making career in sports, many have turned to the car business. Owning a dealership involves a massive investment up-front, but can be significantly beneficial long term. Think about it, everyone needs a car. These are the current and former athletes that own car dealerships. [keep reading]
Last week, David Caraviello @dcaraviello argued in an article published on NASCAR that Joe Gibbs Racing was the “biggest off season winner” going into 2013. Caraviello points out JGR’s Sprint Cup drivers makes them heavy favorites to win the Chase next year.
Joe Gibbs Racing stable of drivers for 2013 include Kyle Busch, Denny Hamlin and the newly-signed Matt Kenseth to replace Joey Logano. While Joe Gibbs has a history of success winning championships, one with Bobby Labonte in 2000 and two more with Tony Stewart in 2002 and 2005, these drivers have long since moved on and JGR’s current drivers only boast two championship wins with other race teams. Kyle Busch hasn’t won a championship since 2004 and Matt Kenseth hasn’t won since 2003. [keep reading]