Steve Nash Brings his NBA Skills to the Boardroom

Nash typically trades his time and endorsement for equity stakes in these businesses or gets a significant discount on his initial investment. If he likes what he sees after working with the company, he’ll invest more of his own money. Brandon Kou, who heads up Steve Nash Enterprises, says he looks at a couple of deals a week for SNE, mostly in the health and wellness, digital and mobile spaces. “The goal of Steve Nash Enterprises is to find interesting companies that are extensions of Steve’s passions and who he is,” says Kou.

Nash owns 8% of Liquid Nutrition, which went public last year and is a thinly traded micro-cap on the TSX Venture Exchange in Canada. He owns 10% of the sports club business and roughly 20% of OneBode. Dividends from his equity investments, along with traditional endorsements with the likes of Bridgestone, Dove Men and Sprint, generate $4 million annually for Nash—a sweet supplement to his NBA salary which was $9.4 million this past season (the NBA lockout cost him $2.3 million of his $11.7 million salary).

Nash is a free agent this summer and says he wants to play three more years before retiring and taking a more active role in SNE. His role model is another transformational NBA point guard. Says Nash, “Magic Johnson’s ability to network and partner with people and add value to brands he is involved with is a model I want to replicate.”

This Article Appeared @http://www.forbes.com/sites/kurtbadenhausen/2012/05/16/steve-nash-brings-his-nba-skills-to-the-boardroom/                         This Article also Apperared @http://blackubiquity.com/

 

 

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