Insight

“The Sneak Factor™” Part 1

SportsMoney’s team of experts have met and spoken with many athletes who were faced with significant financial difficulties when their playing careers ended. We discovered a consistent theme in many of their lives that created the environment that led to their money running out. We call it “The Sneak Factor™”. What we found should not …
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Top 14 Reasons Professional Athletes Go Broke

After talking with hundreds of current and retired professional athletes and surfing through hundreds of articles, here is our list of the top reasons that professional athletes go broke (in no particular order):   1) Lack of Visibility into Spending
 2) Creating Entitlements
 3) Risky Business Investments
 4) Generosity
 5) Legal Issues
 6) Tax Issues
 …
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