The Market

A measured look at this week’s holdings

Buy

RICH GETS RICHER

On the heels of his NBA clients signing contracts reportedly totaling almost $290 million this month, agent Rich Paul has scored again. His company, Klutch Sports Group, will partner with United Talent Agency, and Paul will become the head of the latter’s sports division.

 

 

 

 

 

 

Sell

CHALLENGING WEEK

Domestic violence incidents, affecting leagues across sports, made for a challenging first week for new WNBA Commissioner Cathy Engelbert. The league suspended Los Angeles Sparks guard Riquna Williams 10 games over a domestic violence incident on the same day Seattle Storm forward Natasha Howard denied accusations by her wife of domestic violence.

 

 

 

 

Hold

EMPIRE STATE OF GAMBLING

New York began legalized sports betting, but the state does not allow online sports wagering, so the initial returns were mild. Implementation of changes making it legal are unlikely before 2021.



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