article

How a brand built around lacrosse launched an athlete entrepreneur

27 February 2019 | Applicable law: US

This article was initially published by Forbes on February 27, 2019.

Professional athletes are budding entrepreneurs, investors, and business operators. However, today's athletes aren't working solely with financial capital to accomplish this. Athletes use valuable assets like social capital, marketability and direct connection with fans to facilitate new opportunities. Athletes also utilize these assets to create relationships with brands and develop backgrounds that are useful for secondary career planning or personal brand building.

Many athletes do this well. Paul Rabil, for example, built his personal brand around lacrosse and used it to launch an extremely successful business career away from the sport. Rabil is one of the greatest professional lacrosse players of all time. He's also a highly successful athlete influencer, media operator, investor, and entrepreneur, most recently as a founder of the Premier Lacrosse League, launched in 2018. Rabil began his professional lacrosse career while working full-time, which is common. He eventually quit that job and started a clinic business to support his lacrosse wages. The trajectory of Rabil's career changed by becoming an early user of social media to connect with lacrosse fans. "For me [social media] was the only way to connect with a lacrosse fan because we weren't getting coverage on linear media," says Rabil. "I committed to being an early adopter and learning about the platforms, understanding trends, understanding consumer habits and building out creative and thoughtful content."

Click here for the full article.

This document (and any information accessed through links in this document) is provided for information purposes only and does not constitute legal advice. Professional legal advice should be obtained before taking or refraining from any action as a result of the contents of this document.

Share

Related experience

As a full-service law firm, we are able to provide advice and information about a wide range of other issues. Here are some related areas.

Join the club

We have lots more news and information that you'll find informative and useful. Let us know what you're interested in and we'll keep you up to date on the issues that matter to you.