• Loading stock data...
Saturday, March 2, 2024

Iguodala To Run $200M Fund After Retiring From NBA

  • Andre Iguodala has retired from the NBA after playing for 19 seasons.
  • The 2015 NBA Finals MVP is getting into venture capital full-time.
Darren Yamashita-USA TODAY Sports

Four-time NBA champion Andre Iguodala is retiring from professional basketball, but will immediately launch his next career in venture capital. 

After playing 19 seasons and winning the 2015 NBA Finals MVP award, the 39-year-old will run a $200 million venture capital fund with longtime business partner Rudy Cline-Thomas.

Cline-Thomas, a minority owner and vice chairman of English soccer club Leeds United, is the founder of alternative asset manager MASTRY, which is rebranding as Mosaic General Partnership. The fund’s new website lists Iguodala and Cline-Thomas as two of five co-founders and managing partners.

Mosaic’s public portfolio includes NFL agency Athletes First, athlete wellness app Players Health, and live sports operating system Jump. The firm will now focus on seed- and early-stage investments in sports companies, enterprise software, and fintech health care.

Iguodala also just added a minority ownership stake in the San Francisco TGL team to his portfolio, which also includes investments in Leeds United and Bay FC, the expansion NWSL club set to launch in 2024.

Follow The Money

Iguodala’s move follows a recent trend of current and former professional athletes becoming more active investors. Kansas City Chiefs stars Patrick Mahomes and Travis Kelce were just part of a group that bought into the Alpine Formula 1 team. 

Meanwhile, Goldman Sachs has created a new division called Sports Franchise in Investment Banking that will offer their clients the ability to buy into pro teams.

Copy Link
Link Copied
Link Copied

What to Read


How Daily Fantasy Sports Solved NBA Fantasy

New Horizons in Sports How Daily Fantasy Sports Solved NBA Fantasy Presented…

MASN-Comcast Negotiations: Big Implications for TV and MLB

Orioles-controlled RSN continues to negotiate with dominant local cable carrier.
Max Verstappen. Christian Horner

Formula One Is Back After a Particularly Spicy Offseason

Formula One begins its 2024 season with Saturday’s Bahrain Grand Prix.

NFL Combine Is Buzzing With Talk of Nearly $1B in Extra Cap Space

The 2024 NFL salary cap is $255.4M per team, a $30M-per-team jump over last season.
podcast thumbnail mobile
Front Office Sports Today

Jenny Cavnar is Breaking Barriers During Oakland’s Strange Season


Featured Today

Sheer Madness: What You Need to Know About MLB’s New Uniform Saga

MLB’s reworked uniforms have become a major source of spring training controversy.
Oct 5, 2021; Kansas City, Missouri, USA; Bob Kendrick, president of the Negro Leagues Baseball Museum in Kansas City, points to the lettering outside of the museum Tuesday.
February 28, 2024

How Do You Keep Negro Leagues Baseball History Alive? Put It in a Video Game

Negro Leagues Baseball Museum attracting increased donations, visits from ‘MLB The Show.’
February 26, 2024

The Victor Wembanyama Rookie Card Market Hasn’t Matched His Hype

A cooling market and Fanatics autograph deal leaves big-money collectors waiting.
February 25, 2024

Sham Gods: The Rapidly Growing World of Sports Impersonators on X

Fake Schefters and Wojs, fabricated trade demands, and borrowed profile pictures.


Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Multiple - USA Careers
Multiple - USA Careers
Multiple - USA Careers

‘Roodypoo’ to ‘Rockpocalypse’—Dwayne Johnson Now Owns Words He Made Famous 

Johnson netted a long IP list of old nicknames and phrases for joining WWE’s board.
Laremy Tunsil NFL
February 24, 2024

The 25 Highest-Paid NFL Offensive Tackles

The Texans employs the game’s highest-paid tackle Laremy Tunsil.
T.J. Watt
February 25, 2024

The 25 Highest-Paid NFL Linebackers

At more than $28 million per year, the Steelers’ T.J. Watt holds the top spot as the highest-paid NFL linebacker.

How LivePass is Redefining Ticketing for the Next Generation of Fans

The next wave of ticketing technology.
NFL highest-paid edge rusher Nick Bosa
February 19, 2024

The 25 Highest-Paid NFL Edge Rushers

Niners pass rusher Nick Bosa leads the way in compensation at his position.
February 15, 2024

Tiger Says He ‘Doesn’t Want’ Iconic ‘TW’ Logo. Could He Get It Back?

Tiger Woods won’t use the “TW” logo on merchandise anymore.
NFL Darren Waller
February 15, 2024

The 25 Highest-Paid NFL Tight Ends

Giants tight end Darren Waller leads the way at $17 million.
Tyreek Hill NFL wide receivers
February 14, 2024

The 25 Highest-Paid NFL Receivers

The Dolphins’ Tyreek Hill tops the charts with $30 million.