A blank-check company called Sports & Health Tech Acquisition Corp. wants to raise $150 million and invest in sports and health technology businesses. Tiger Woods is a lead investor.
According to the report, the Covid-19 pandemic boosted demand for sports and social media content, heightened awareness in health and wellbeing, and highlighted the importance of technology in daily life. SPACs, or special-purpose acquisition companies, are publicly traded firms that generate money for possible acquisitions. They’ve become a favorite tool among high-profile entrepreneurs.
By investing in special-purpose acquisition companies, Woods intends to target businesses with a market value of $600 million to $1 billion that are focused on fan engagement and consumer health and fitness technology.
Serena Williams, Shaquille O’Neal, Kevin Durant, and Alex Rodriguez are just a few of the sports and entertainment stars who have helped SPACs get money from the government.
A new job as a mental coach, working with some of the world’s finest golfers to help them achieve success and support them through difficult moments. This appears to be the course of action adopted by Michael Phelps, the most decorated Olympian in Olympic history (also in the name of friendship).
Many consider him to be the “hidden weapon” of green totems like Jon Rahm, the world’s number one golfer, and Jordan Spieth, the Texan who, after a lengthy period of crisis, is back in 2021 to dazzle.
“He’s a kind guy who has gone through a lot as a competitor and is the best Olympian of all time with many tricks up his sleeve. I’m not going to divulge what I asked him, but I will say that he has been really helpful to me over the last few months.
“The Spaniard Rahm has made these revelations. People who know him as “the Baltimore Shark” also said important things. Spieth, who is now 12/0 in the world rankings, also said important things.” I’ve been working with him on the mental component a lot lately.
I’m extremely fortunate to have him in my life. He’s also a huge golf fan, and having him in our environment is becoming increasingly valuable.” This is according to Spieth, who played in the BMW Championship Pro-Am yesterday with Phelps, the second event of the Pga Tour Play-Offs, which begin today in Owing Mills, Maryland.