July 28th 2023.
Former NBA All-Star Baron Davis is taking up a new adventure: investing in sailboat racing. According to TMZ, Davis is starting a new team in the SailGP league, and he's confident in the growth potential of the sport.
“It's Formula 1 on water,” Davis said. “It's a great time and a great opportunity to bring people together, and the right type of people together.”
Davis's interest in the sport was sparked after he visited St. Tropez last year and watched a race. He was instantly fascinated.
“For me, it was just like, I was fascinated by it,” he said. “I got a chance to, like, follow the boats. So it was a cool experience.”
The new team will launch in 2024, and will be unique in that investors will have access to the team's day-to-day operations, human resources issues, and more.
This is just the latest in Davis's impressive investment portfolio. In March 2023, he and fellow NBA retiree Dwyane Wade raised $1.4 million for Kiddie Kredit, an app that teaches children how to build credit. During the 2021 holiday season, he teamed up with Crypto.com NFT for an NFT collection. He is also the co-starter of a video game company that produces mobile games, with the first called “Getting Buckets.”
When he's not busy running or investing in businesses, Davis is a sports analyst providing weekly commentary for NBA on TNT’s “Players Only.”
It's clear that Baron Davis is an ambitious, multi-faceted entrepreneur. His new SailGP team is sure to be a success, and we can't wait to see what else he has in store.
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