Steve Owens
224 posts

Steve Owens
@Ozza11
Head of Patient Connect, South Tees NHS Foundation Trust. Passionate and Proud Teessider. All views and tweets are my own.
Middlesbrough, England Katılım Mart 2012
350 Takip Edilen133 Takipçiler

Going through all my sons away kits since he was born, guess what he is getting for his 7th birthday in August? @Boro 😂

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You might have already seen my advert up in Middlesbrough. The message is simple...
If you want a New Deal for Working People, vote Labour, on the 4th of July.
#VoteLabour #GE2024
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In the spirit of #ValentinesDay, drop a photo of your favourite Boro player of all time 👇❤️
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Steve Owens retweetledi

.@HellenicLeague does this look like an unplayable pitch? Is the game off because Hartpury do what they want and you agree to their every demand? Or is it because they’re missing a couple of key players?
.@clannyfc .@HartpuryUniFC
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@Jay_SteelRiver @Neeks_77 @Boro @boro_mag @bororedarmy @boroshirtmuseum @ErreaOfficial @fabrizio_taddei @GazetteBoro @KITmagazine_ @TheyThinkKits @thekitfactor @Jay_SteelRiver I know how you can get your brand on a “Boro” shirt…Boro Over 40’s 😉
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@Neeks_77 @Boro @boro_mag @bororedarmy @boroshirtmuseum @ErreaOfficial @fabrizio_taddei @GazetteBoro @KITmagazine_ @TheyThinkKits @thekitfactor Love em mate!!
Ha, got me dreaming of sponsoring the Boro one day now!
(Might have to remove the Drinks bit, blummming FA rules!)
Classic home strip my fave.
And the away strip has me thinking Red Stripe! A Boro favourite lager for sure!
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I know I said last one, but forgot I hadn't shared these! Father's Day has been and gone, and after having some of @Jay_SteelRiver gin, seeing the logo and the added fact they're a local brand, only right I did a couple of kits for them too right?
#steelrivergin



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Elly De La Cruz is one of MLB's most exciting players.
But he might have to pay MILLIONS in career earnings to an investment firm — and he's not the only one.
Over 500 professional athletes have signed these deals, and Fernando Tatis Jr. owes them $27 million.
Here's how it works:
The company is called Big League Advantage (BLA).
It was founded in 2016 by former minor league baseball player Michael Schwimer, and their business model is simple:
BLA provides athletes with an upfront cash payment in exchange for a percentage of their future earnings.
The firm has 40 employees, and they use proprietary predictive analytics models to find inefficiencies in the market (aka when they believe someone is better than the rankings suggest).
And that's when they commit to an investment.
BLA raised $26 million for its first fund, which was then invested across 77 different players in 2016-17.
A typical deal might look like this:
• Athlete receives $350,000 in cash
• BLA is guaranteed 8% of future earnings
But it's not a loan — because if the player never makes it to the major leagues, they don't owe BLA any money.
And with 80% of their investments never making it to the major leagues, BLA solely focuses on landing the biggest fish (kind of like a venture capital firm),
For example, BLA signed a deal with Fernando Tatis Jr. in 2017. He reportedly agreed to pay back ~8% of his future earnings in exchange for "seven figures" in cash.
He then spent the money on a personal trainer, better food, and a better apartment.
But when he signed a $340 million deal with the San Diego Padres just four years later, BLA's ~8% cut meant that Tatis Jr owed them $27.2 million in earnings.
That one deal alone will pay back the entire fund, and the other 76 players BLA invested in are gravy on top.
And BLA says they have agreements in place with 7 players in last year's MLB all-star game alone.
This success has helped BLA raise nearly $250 million — and they have brought on some big investors, too.
Notable BLA Investors
• Paul DePodesta (Cleveland Browns)
• Bill Miller (Legg Mason)
• Steven Duncker (Goldman Sachs)
• Marvin Bush (Brother of George W. Bush)
But BLA's model doesn't just apply to baseball.
The firm is now expanding into other sports, like NIL deals with college football and basketball players.
For example, BLA signed a deal with Georgia outside linebacker Nolan Smith last year.
Smith received an upfront cash payment (via NIL) in exchange for one social media post per month, two player appearances, and two content shoots.
And based on his rookie deal alone (30th overall pick), Smith will end up paying BLA between $120,000 (1%) and $1.2 million (10%).
This has caused many people to speak up about BLA.
MLB super agent Scott Boras says BLA intentionally targets talented players from Latin America who don't receive large signing bonuses (**BLA's response is that they have signed 100+ American players that collectively have an average signing bonus of $400,000).
And MLB catcher Francisco Mejía even sued the firm in 2018, claiming they took advantage of his financial illiteracy, desperation (he wanted cash to fund medical treatment for his mom in the Dominican), and youth when he signed a deal at 20 years old that exchanged 10% of his future MLB earnings for $360,000 in cash.
Now, Mejía later dropped the case and issued an apology.
And BLA says these deals aren't predatory because they require independent lawyers to review each agreement, and 70-80% of the players they invest in never have to pay back any money.
But that doesn't mean changes can't be made.
One solution, of course, is to increase wages across the minor leagues so these deals aren't necessary, which MLB did last year by doubling wages and improving housing and transportation for players & families.
But with the average minor league player still making less than $30,000 annually, MLB still has a long way to go before income-sharing agreements disappear.
Still, it's important to remember that this problem doesn't just exist in baseball.
People have been investing in golfers (and Formula 1 drivers) for decades, and speculative investing in athletes has its deepest roots in boxing.
But that doesn’t mean a better solution doesn’t exist; we just have to find it.
Ps. I broke down the entire business model behind Big League Advantage on today's podcast. Subscribe below so you don't miss any episodes in the future!
Apple: podcasts.apple.com/us/podcast/167…
Spotify: open.spotify.com/episode/2HM0iJ…

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@kedwardson @Edubwa1 @KylePorterCBS FedEx alone pumped about $400 million into Saudi for international shipping rights
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@Edubwa1 @KylePorterCBS What PGA sponsors are doing biz with the Saudis?
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If you believe that today was a win for LIV, then you’re missing the entire point. LIV, it seems, never truly mattered. It was simply a pawn for Yasir and the PIF to get what they actually wanted - investment and influence in a real business.
Everybody got played at least a little, but I think Yasir got played the least of all.
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Middlesbrough Over 40’s are in League Cup Final action this Saturday 10:30 kick off at Dawdon Park, Seaham.
We take on Blyth including some former premier league stars.
Be good to have some support behind the boys and help us bring the Trophy back to the Boro!
#UTB

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@rcuffy @DarlingtonBS @NEAutismSociety Good luck with whatever you do next Bob, one of life’s good guys
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Lovely leaving gifts from @DarlingtonBS including a donation to @NEAutismSociety and this. Really captures my knees.

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@claudeharmonIII Absolutely should be in the HOF but sacrificed his life is a bit of a stretch. Guy got paid over $10M for that “sacrifice”!
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Steve Owens retweetledi

Unnecessary healthcare packaging… Great Bear continence supplies, catheter night bag stand comes wrapped in plastic and it’s own palatial box scores pretty high. #ReducingPackaging @GreenerNHS @GreatBearHealth @ClareNash20 @LiamHorkan @zoepackman117 @NHSSupplyChain

Northallerton, England 🇬🇧 English

🤔 Who would you like to see in the Hartlepool United dugout next season?
#Pools | #HUFC | #BBCFootball

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