▶ I have a child who participates in competitive sports. Exactly how can the Authority help my child achieve a better result from participating in sports?
Authority staff will help your child navigate the complex NCAA rules as well as the eligibility standards and codes of academic and athletic conduct at the high school level to avoid the consequences associated with their violation. With the chances of going pro for the vast majority of athletes who are able to turn their high school athletic performance into a college scholarship being slim at best, the Authority will also provide your child with personal development and leadership training programs and strategies that will help them leverage their athletic participation into the competitive job market or entrepreneurial opportunities.
▶ I would love to do business with a college or professional team, but is it realistic to think that the Authority can help make it happen?
As a result of over 25 years of experience the principals of the Authority have in representing professional athletes, the Authority has developed a network that includes commissioners, union officials, college and professional team executives and procurement staff. We are in the process of developing a database of contracting and second tier sourcing opportunities from across the country in various industries including, but not limited to, advertising specialties, audio/visual equipment, computer hardware & software supplies, construction, custodial supplies & services, educational materials, food & beverage, mass media, office equipment & supplies, telecommunications, and transportation services, supplies & vehicles. With your support, we will have the resources to advocate for the inclusion of Black-owned businesses in the procurement process.
Through our BOSS curriculum and exposure to the non-playing career and entrepreneurial opportunities that exist in sports, and the networking opportunities the events will offer with industry professionals, the Authority will motivate, equip and empower non-student athletes (and student-athletes) to leverage their love for the game into tangible opportunities in a host of professions including, but not limited to, administration, event planning/management, facilities management, finance, graphic design, marketing, operations, photography, public relations, sales, technology, and training.
▶ I am not a sports fan and do not have children who participate in sports. How will the Authority’s programs benefit me?
Because the Authority’s programs are focused on the business of sports and not simply the game, anyone who would like to do business in the sports space, or would like to help create scholarship opportunities for young people, or would like to create entrepreneurial opportunities for themselves or young people, or who would like to see historically Black colleges and universities become more financially secure with greater capacity in the collegiate sports space will benefit from the Authority’s programs. To learn how you can benefit specifically, please call us at 562.619.8460
The Authority’s fiscal year begins on January 1 and ends on December 31. Each of our IRS 990 tax forms will be timely filed and can be accessed at http://www.guidestar.org
All funds raised by the Authority will be used to enable thousands of young people to pursue career and entrepreneurial opportunities in sport, first to help finance their college education, then create intern and similar opportunities, and finally to develop and deliver the Business of Sport Success (BOSS) curriculum at selected historically Black colleges and universities. The Authority will maintain a cost ratio of no more than 12% of total revenues, including not more than 7% for administrative costs and not more than 5% for fund raising.
Sports are a $500 billion per year industry. College sports are a segment of the industry and generate over $40 billion in revenue annually. It has been reported that 90% of the annual revenue of the NCAA is attributable to the skills of 1% of student-athletes, and that 90% of that 1% are Black athletes…athletes in the only 2 revenue generating college sports, basketball and football. Despite the domination by the Black athlete at the college level, the Black community and Black professionals receive little benefit as a result of the participation of our sons in college sports. Few of the urban high schools that produce the talent benefit financially. Black athletes also dominate on the professional level in the 3 major sports (baseball, basketball and football). Beyond player salaries, which on a combined basis represent less than 5% of revenue generated, neither the Black community nor Black professionals share in any meaningful way in the ancillary career and entrepreneurial opportunities around the industry and far too many Black athletes are bankrupt, unemployed and/or divorced within a short period of time following their retirement from the game.