Celebrity Life

If you’re unfamiliar with Forex trading in 2021, then you might be missing out on some golden investment opportunities that might just set you up for an even more prosperous future. While many have played it safe over the years and stuck with savings accounts and ISAs – which offer minimal growth by comparison – […]

Nirbhay Handa, managing director of Henley & Partners, shares how HNWIs use residency and citizenship programmes to grow their wealth.

The post Why residencies are the new investment tools of the wealthy appeared first on The Peak Magazine.

Nirbhay Handa, managing director of Henley & Partners, shares how HNWIs use residency and citizenship programmes to grow their wealth.

For more stories like this, visit www.thepeakmagazine.com.sg.

It’s all very well making a generous income, and even better if it’s one that pays for a luxurious lifestyle filled with first-class flights, five-star holidays and all the champagne and caviar you can consume. But as well as spending, their hard-earned cash, those who are able to enjoy their lives long into retirement are […]

Take a long term approach when you consider getting yourself a new luxury car.

The post 3 Reasons Buying a Luxury Car Is an Investment appeared first on LUXUO.

Be in the know about Antigua and Barbuda's latest investment opportunities with its official business portal.

The post Antigua and Barbuda Official Business Portal Keeps You Informed on Investment Opportunities appeared first on LUXUO.

It started off with a humble timber trading business, David Yong, the second generation leader of his family-owned business is seeking new opportunities to bring Evergreen to even greater heights.

The post The Timber Scion’s Search of a New Frontier appeared first on LUXUO.

The investment quality of professional sports has become uncertain and volatile.

First they tell you it’s a business, not a sport. Then when you agree it’s a business, they call it a sport. For decades, professional sports franchises used to be recognised as a reliable long-term investment and an ideal private-equity asset class for ultra-high-net-worth diversification. Recent events have revealed how social media innovations have spawned an entirely new and unpredictable set of risks that threaten their value.

The data points to a grave prognosis. The NBA is suffering the most. In the US, according to Gallup, the percentage of people with a positive impression of sports has declined by 30 points over the past year from +20 to -10 nationwide. NBA first-round playoff viewership ratings plummeted 27 per cent, a 40 per cent drop since 2017-18. A Harris Poll observed that 38 per cent of sports fans explained that the NBA being “too political” is the reason why they’re watching fewer games. That represents a precipitous fall since last summer.

And the NFL is not immune from the social media-driven fan backlash. Sunday Night Football ratings fell by 28 per cent. Fans in attendance are openly booing players. A stunning collapse. Fans appear to be losing interest in sports.

[caption id="attachment_211699" align="alignnone" width="768"] (Image: Stephane Coudassot/Unsplash)[/caption]

The NFL and NBA are among the most popular sports leagues in the social media universe. Their content represents leading feeds on Twitter and Instagram. And yet despite their proven position in public, their ratings continue to plummet.

But not all leagues are waning. The UFC (Ultimate Fighting Championship) is experiencing strong gains. Despite basketball playoffs being played on a daily basis, NBA playoff viewership has declined from 2.39 million average viewers in 2019 to 1.68 million in 2020 – a 30 per cent decline. Meanwhile the UFC’s four preliminary fight cards since its emergence from Covid-19 have generated an average of 1.17 million viewers across ESPN and ESPN+. That’s an increase of 30 per cent compared with the viewership of pay-per-view preliminary fights in 2019. Average UFC ratings are trending upwards at a time when the NBA’s are shifting downwards.

More people should be watching pro-sports since many are homebound during the pandemic. Despite the re-opening of cinemas, attendance is falling, as box-office numbers have demonstrated. While it appears that fans resent the direct engagement of players and teams in social justice issues, greater technological forces are at work which may change the very idea of how professional sports are valued and governed.

Professional sports leagues have historically generated healthy, long-term private-equity returns – they’ve been a source of smart diversification for billionaire investors and syndicates. It’s a reputable private-equity class that allows owners a high-profile, celebrity status. They are also platforms for philanthropy and community affairs.

For example, Joseph Tsai, co-founder of Alibaba, is estimated to have paid US$3.3 billion for the Brooklyn Nets and Barclays Center. The previous owner, Mikhail Prokhorov, invested and spent about US$1.5 billion nine years ago. So doubling your money in nine years is a respectable return on a private, billion-dollar investment.

[caption id="attachment_211700" align="alignnone" width="1024"] (Image: JC Gellidon/ Unsplash)[/caption]

Recent events have pushed owners to decide if they’re investing in a sport, a social organisation or a business in the post-pandemic and Black Lives Matter era. Then are the players actually business partners with the owners who provide all the capital? Owners could have disagreed with player demands to support Black Lives Matter, but at a high cost. The business schism between owners and players threatens to destroy or split the league and make pro sports an unattractive investment.

The outcome for the sport as a business has impaired or confused corporate governance within the NBA as owners have been subverted. Their commissioners are supposed to work for the owners, not the players. Unless this division is resolved, the league’s corporate mission, message and product will be irrevocably divided. Fans will be confused and seek alternate and substitute forms of entertainment.

Players used to audition for teams. Now teams audition for players. The emerging ownership-player-fan relationship model may look nothing like the traditional one. Post-pandemic, league revenues may fail to recover and severely impact their social and financial model.

Social justice is only a current topic in this sports revolution. Technology’s relentless role in subverting and disintermediating established groups and relationships is unpredictable and unstoppable. It empowers and consumes everyone in its path. Social media and mobile computing have opened the door for anyone to either broadcast within their social silo or to the outside world.

Twitter was initially called text messaging for people without friends. But why make friends when you can build a following – and change your world? It’s emerged as an unavoidable platform for the liberation of one and many. And this version of disintermediation is pernicious, because it takes on a life of its own, tearing apart a global brand, a jointly shared common community product such as sport, as frustrated fans retreat into their own social media silos.

This story first appeared on Prestige Singapore

(Main and featured image: Bertrand Gabioud /Unsplash)

The post What You Should Know About Investing in Professional Sports Franchises appeared first on Prestige Online - Hong Kong.

India's agricultural sector provides livelihood to more than 50% of the population and contributes 17-18% to the country’s GDP, yet it lags in agri-productivity, Vijayaraghavan Kannan of Sathguru Catalyser Advisors tells LUXUO what's next for agribusiness investing and potential covid game-changers

The post Vijayaraghavan Kannan of Sathguru Catalyser Advisors on Agribusiness investing and Covid Game Changers appeared first on LUXUO.

European investment firm RiverRock acquires majority stake in Fairline Yachts, which British builder says secures its financial future.

The post Fairline’s Future Secure Following RiverRock Investment appeared first on LUXUO.

Coravin, the wine lover's dream device that lets you pour wine without uncorking, is back with brand new models.

As fans of the smart wine preservation system, we have observed Coravin for some time and seen the brand expand with new technology every year. Now, they have extended their product lineup with the launch of new systems -- Models Three and Six. What's more, all new and existing models have been equipped with SmartClamps™, which, prior to the launch, was only available on Model Eleven. The new easy-on and easy-off clamps are designed to go over the neck of the bottle and push down firmly on the handle in one fluid motion, making the system even easier to use.

Coravin's wine access technology is all down to the hollow needle that is inserted through the cork, before the system pressurises the bottle with Argon (an inert, colourless and odourless) gas, to pour the wine out. Once poured, and the Coravin is taken off the bottle, the cork reseals naturally -- allowing wine to stay fresh for months on end, and years if needed.

The new systems also comes with a Coravin Screw Cap which allows users to enjoy new world wine (with screw caps) the same way as old world wine (cork) bottles, preserving them for up to three months.

So, with four Coravin Models in total, Model Three, Five, Six and Eleven, which model is the right one for you? Well, let's find out shall we.

Coravin Model Three

Details: Model Three is an upgraded version of Coravin's Model One and features a clean and simple, user-friendly and functional design in matte texture.
Perfect for: the everyday wine drinker.
Price: HK$2,080

Coravin Model Five

Details: Model Five is not available for retail as it has been made specifically for trade. The design is simply elegant but durable.
Perfect for: those in the industry who favour classic design with metallic accents.
Price: email for trade price

Coravin Model Six

Details: Model Six is the upgraded version of the popular Model Two Elite edition, it also features vibrant colours with chrome accents.
Perfect for: luxury style and fashion lovers.
Price: HK$3,580

Coravin Model Eleven

Details: Model Eleven is the smartest device of the Coravin family. It is the first bluetooth connected and fully automatic system. It comes with LED display, glass pour optimisation, and connection to the Coravin Moments app, which tracks system statistics and advises on wine pairings with food, music and more.
Perfect for: technology and gadget enthusiasts who love a varied wine experience.
Price: HK$6,880

The post These Are the Most Valued Auction Items to Go Under the Hammer appeared first on Prestige Online - Hong Kong.

Coravin, the wine lover's dream device that lets you pour wine without uncorking, is back with brand new models.

As fans of the smart wine preservation system, we have observed Coravin for some time and seen the brand expand with new technology every year. Now, they have extended their product lineup with the launch of new systems -- Models Three and Six. What's more, all new and existing models have been equipped with SmartClamps™, which, prior to the launch, was only available on Model Eleven. The new easy-on and easy-off clamps are designed to go over the neck of the bottle and push down firmly on the handle in one fluid motion, making the system even easier to use.

Coravin's wine access technology is all down to the hollow needle that is inserted through the cork, before the system pressurises the bottle with Argon (an inert, colourless and odourless) gas, to pour the wine out. Once poured, and the Coravin is taken off the bottle, the cork reseals naturally -- allowing wine to stay fresh for months on end, and years if needed.

The new systems also comes with a Coravin Screw Cap which allows users to enjoy new world wine (with screw caps) the same way as old world wine (cork) bottles, preserving them for up to three months.

So, with four Coravin Models in total, Model Three, Five, Six and Eleven, which model is the right one for you? Well, let's find out shall we.

Coravin Model Three

Details: Model Three is an upgraded version of Coravin's Model One and features a clean and simple, user-friendly and functional design in matte texture.
Perfect for: the everyday wine drinker.
Price: HK$2,080

Coravin Model Five

Details: Model Five is not available for retail as it has been made specifically for trade. The design is simply elegant but durable.
Perfect for: those in the industry who favour classic design with metallic accents.
Price: email for trade price

Coravin Model Six

Details: Model Six is the upgraded version of the popular Model Two Elite edition, it also features vibrant colours with chrome accents.
Perfect for: luxury style and fashion lovers.
Price: HK$3,580

Coravin Model Eleven

Details: Model Eleven is the smartest device of the Coravin family. It is the first bluetooth connected and fully automatic system. It comes with LED display, glass pour optimisation, and connection to the Coravin Moments app, which tracks system statistics and advises on wine pairings with food, music and more.
Perfect for: technology and gadget enthusiasts who love a varied wine experience.
Price: HK$6,880

The post The Questions to Ask Your Real Estate Agent Before You Buy appeared first on Prestige Online - Hong Kong.