Posts tagged with "Derek Jeter"

Derek Jeter gets into sports card world with launch of new collecting platform

September 17, 2022

Derek Jeter’s business portfolio grew a bit bigger on Thursday, September 8, as it was announced that he had become a founding partner of a new sports card collecting platform called Arena Club, reports Fox Business.

The former New York Yankees shortstop—who was inducted into the Baseball Hall of Fame in 2020—teamed up with entrepreneur Brian Lee, Arena Club co-founder and CEO, to launch the business.

The platform will serve as a “bridge” between the long-lasting sports card collecting hobby and the up-and-coming world of digital sports collectibles. Collectors will be able to buy, sell, trade and display their cards through a digital showroom.

“I am proud to be part of the team at Arena Club and to work closely with Brian to bring this innovative platform to life,” Jeter said in a news release. “We recognize that there is a real need in the grading industry for clarity, speed and trust; and Brian has put together a team that is committed to providing that to the marketplace.”

Arena Club also plans to enter the card-grading space through “computer vision and machine learning.” The company said its grading process vows to be “quicker, more accurate, and transparent.”

Collectors who choose to get their items graded via Arena Club will either have their product stored in the Arena Club vault or receive slabs – similar to what they would get through PSA or Beckett.

Lee was the co-founder and president of LegalZoom.com and has been the managing partner of BAM Ventures since 2017.

“Arena Club was built by a team of trading card enthusiasts who created the platform with the hobby community in mind,” he said in a news release. “From top to bottom, our team is honest, ethical, and fair. Arena Club will transform the collectible world through transparency, authenticity and technology.”

Jeter stepped down from the Miami Marlins’ front office before the start of the 2022 season.

In his post-playing career, Jeter started The Players’ Tribune, had investment interests in the Whistle Sports Network, joined the board of Rockefeller Capital Management, and launched an apparel brand called Greatness Wins. Jeter’s net worth is reportedly around $200 million.

Research contact: @FoxBusiness

Derek Jeter steps down as Miami Marlins CEO; sells stake in the team

March 1, 2022

Derek Jeter is stepping down as chief executive of the Miami Marlins and selling his stake in the Major League Baseball franchise, the Hall of Famer announced on Monday, February 28, reports CNBC.

The reason? In a statement announcing the move, Jeter, 47, said the “vision for the future of the franchise is different than the one I signed up to lead,” when he took over the Marlins.

“We had a vision five years ago to turn the Marlins franchise around, and as CEO, I have been proud to put my name and reputation on the line to make our plan a reality,” Jeter said. “Through hard work, trust and accountability, we transformed every aspect of the franchise, reshaping the workforce, and developing a long-term strategic plan for success.”

Jeter, the New York Yankees icon, took over the team’s top C-suite role in 2017. The Marlins finished in fourth place in the National League East division last year. The team made the postseason once during Jeter’s tenure, a wild card spot in 2020.

The Marlins are worth $990 million, according to Forbes.

Marlins chairman and principal owner Bruce Sherman said the club would work as a committee to run business and baseball operations while searching for Jeter’s replacement.

Sherman also said the team is “committed to keep investing in the future of the franchise—Marlins fans and the local community.”

The news came on a big deadline day for MLB. Owners gave the players union until Monday to agree to a new labor deal—or Opening Day and potentially other games would be canceled.

Research contact: @CNBC

Gatorade bets on rising MLB Star Fernando Tatis Jr. with rare national endorsement deal

December 18, 2020

Major League Baseball has clamored for a breakthrough superstar to capture the public’s attention, ever since Derek Jeter hung up his Yankees cleats in 2014. Pretenders to the throne have come and gone, but the answer might be a 21-year-old, bat-flipping Dominican, who favors frosted dreadlocks, flashy socks, mirrored sunglasses, unbuttoned jerseys—and can’t stop dancing or smiling on the diamond, reports Forbes.

Indeed, the news outlet says, the feisty shortstop Fernando Tatis Jr. has played less than a full season’s worth of MLB games for the San Diego Padres—but already is arguably the most electrifying player in the sport. He’s now filling Jeter’s shoes off the field, as the newest athlete on Gatorade’s endorsement roster, where he’ll pitch the brand’s Bolt24 line of products under a multi-year deal.

“We pride ourselves on working with athletes who are championship caliber and are aspirational for kids,” Jeff Kearney, Gatorade’s global head of Sports Marketing, told Forbes. “Bolt24 is breaking some new rules for us, and Fernando is a guy who is writing his own rules of the game.”

Tatis, whose father spent 11 years in MLB, joins NBA star Damian Lillard and up-and-coming golfer Matthew Wolff as Bolt24 athletes. The trio will be featured in a national TV and digital marketing campaign that kicks off next week to promote the low-calorie drink aimed at athletes for around-the-clock hydration, featuring a caffeinated version and one with antioxidants.

It is the latest endorsement for the San Diego Padres shortstop, who broke into the majors in 2019 and drew national attention in August for hitting a grand slam on a 3-0 pitch, breaking one of baseball’s “unwritten rules.” His other deals include Adidas, Hyperice, Mizuno gloves and Victus bats. PepsiCo-owned Gatorade works with several baseball players on a regional basis, but Tatis joins Jeter and Bryce Harper as the only players with national Gatorade endorsement deals over the past two decades.

Research contact: @Forbes