Latest news with #assetclass
Associated Press
2 days ago
- Business
- Associated Press
Dr. Patrick Pilati Joins National Rugby Football League as Strategic Advisor
Advancing Rugby as a New Asset Class MINNEAPOLIS, MINNESOTA / ACCESS Newswire / June 18, 2025 / The National Rugby Football League (NRFL) is proud to announce that Dr. Patrick Pilati, a globally recognized expert in behavioral finance, institutional capital strategy, and financial architecture, has joined the league as a strategic Pilati Dr. Pilati will work alongside the NRFL's leadership to help position the league at the intersection of elite sports, financial engineering, and capital markets. His advisory role will center on helping the NRFL evolve into a scalable asset class-supporting its long-term vision of transforming professional rugby into a structured financial product accessible to institutional stakeholders, family offices, and global markets. 'Dr. Pilati brings a strategic lens that's uniquely suited to our mission,' said Michael Clements, CEO of the NRFL. 'His global experience in financial innovation and market structuring will help us build a foundation where rugby can thrive as both a premier sport and a dynamic economic engine.' The NRFL is pioneering a next-generation media and sports property in North America by commercializing rugby-one of the world's most popular yet untapped sports markets on the continent. Combining high-performance sport, immersive digital content, and cutting-edge fan engagement strategies, the NRFL is crafting a premium platform designed for long-term commercial monetization. Dr. Pilati, known globally for scaling fintech, commodities, and alternative investment ventures, brings more than two decades of executive leadership to the role. His career spans over $80.6 billion in cross-sector global transactions. Most recently, in 2024-2025, he spearheaded the financial transformation of companies in the Gulf Cooperation Council (GCC) region, scaling valuations from $400 million to $8.1 billion in under 12 months through advanced securitization strategies and behavioral capital modeling. His proprietary financial models have been used to reshape asset classes from digital banking to luxury commodities. 'The NRFL represents a rare opportunity to architect an entirely new asset category-where sport, finance, and technology converge,' said Dr. Patrick Pilati. 'By applying institutional-grade financial modeling, behavioral economics, and asset securitization principles, we can help shape rugby not just as a sport, but as a scalable, investable platform with long-term value for global markets.' This partnership signals a unique evolution in how professional sports franchises are conceptualized-not simply as entertainment entities, but as structured financial instruments with real-asset potential, yield curves, and integrated value chains. For more information, visit or contact the NRFL Media Relations team. Contact Information Steve Ryan Managing Director [email protected] 952-835-4364 SOURCE: National Rugby Football League press release
Bloomberg
21-05-2025
- Business
- Bloomberg
Earl Patton on the Business of Sports
Earl Patton, Managing Partner of Rumble Venture Capital speaks with Romaine Bostick and Scarlet Fu about investing in sports as an asset class. (Source: Bloomberg)
Yahoo
17-05-2025
- Business
- Yahoo
Anthony Scaramucci Says Once Bitcoin Hits $500,000 It Will Be Considered An Asset Class Just Like Gold
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Anthony Scaramucci, the founder and CEO of SkyBridge Capital, said Wednesday that Bitcoin (CRYPTO: BTC) would be deemed a full-fledged asset class once it hits $500,000 a piece. What Happened: The Bitcoin bull, while speaking at CoinDesk's Consensus 2025 conference, stated, '$3 trillion is like a mag 7 stock, $20 trillion is an asset class. So if you tell me that Bitcoin can get to $500,000, people will be writing stories that Bitcoin is an asset class.' Scaramucci emphasized the importance of Bitcoin matching the market capitalization of gold, which is presently over $21 trillion, in order to be recognized as a separate asset class. Trending: — no wallets, just price speculation and free paper trading to practice different strategies. Scaramucci suggested that the ongoing influx of capital into the Bitcoin market via exchange-traded funds and the adoption of strategies following Strategy Inc.'s (NASDAQ:MSTR) lead presented an optimistic future for the apex cryptocurrency. 'We may not actually be bullish enough," he said. Despite the political risks associated with crypto becoming a contentious issue in U.S. politics, Scaramucci sees the incentives aligning for bipartisan support. He added, 'If you get bitcoin to $500,000, people won't just say it's an asset class—they'll treat it like one.' Why It Matters: Scaramucci's bullish outlook aligned with his previous statements. Earlier this week, he said that Bitcoin was undergoing a structural transformation, evolving from a volatile tech-aligned investment to a maturing global asset more akin to digital gold. Scaramucci has mixed feelings regarding President Donald Trump's cryptocurrency policies, asserting that the healthy developments around legislation and regulatory clarity were marred by his family's involvement in the space. Scaramucci has been vocal about his Bitcoin support, revealing previously that 70% of his wealth is tied up in the leading cryptocurrency. Read Next: New to crypto? Get up to $400 in rewards for successfully completing short educational courses and making your first qualifying trade on Coinbase. A must-have for all crypto enthusiasts: Sign up for the Gemini Credit Card today and earn rewards on Bitcoin Ether, or 60+ other tokens, with every purchase. Photo Courtesy: Al Teich On Send To MSN: Send to MSN This article Anthony Scaramucci Says Once Bitcoin Hits $500,000 It Will Be Considered An Asset Class Just Like Gold originally appeared on
Yahoo
17-05-2025
- Business
- Yahoo
Anthony Scaramucci Says Once Bitcoin Hits $500,000 It Will Be Considered An Asset Class Just Like Gold
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Anthony Scaramucci, the founder and CEO of SkyBridge Capital, said Wednesday that Bitcoin (CRYPTO: BTC) would be deemed a full-fledged asset class once it hits $500,000 a piece. What Happened: The Bitcoin bull, while speaking at CoinDesk's Consensus 2025 conference, stated, '$3 trillion is like a mag 7 stock, $20 trillion is an asset class. So if you tell me that Bitcoin can get to $500,000, people will be writing stories that Bitcoin is an asset class.' Scaramucci emphasized the importance of Bitcoin matching the market capitalization of gold, which is presently over $21 trillion, in order to be recognized as a separate asset class. Trending: — no wallets, just price speculation and free paper trading to practice different strategies. Scaramucci suggested that the ongoing influx of capital into the Bitcoin market via exchange-traded funds and the adoption of strategies following Strategy Inc.'s (NASDAQ:MSTR) lead presented an optimistic future for the apex cryptocurrency. 'We may not actually be bullish enough," he said. Despite the political risks associated with crypto becoming a contentious issue in U.S. politics, Scaramucci sees the incentives aligning for bipartisan support. He added, 'If you get bitcoin to $500,000, people won't just say it's an asset class—they'll treat it like one.' Why It Matters: Scaramucci's bullish outlook aligned with his previous statements. Earlier this week, he said that Bitcoin was undergoing a structural transformation, evolving from a volatile tech-aligned investment to a maturing global asset more akin to digital gold. Scaramucci has mixed feelings regarding President Donald Trump's cryptocurrency policies, asserting that the healthy developments around legislation and regulatory clarity were marred by his family's involvement in the space. Scaramucci has been vocal about his Bitcoin support, revealing previously that 70% of his wealth is tied up in the leading cryptocurrency. Read Next: New to crypto? Get up to $400 in rewards for successfully completing short educational courses and making your first qualifying trade on Coinbase. A must-have for all crypto enthusiasts: Sign up for the Gemini Credit Card today and earn rewards on Bitcoin Ether, or 60+ other tokens, with every purchase. Photo Courtesy: Al Teich On Send To MSN: Send to MSN This article Anthony Scaramucci Says Once Bitcoin Hits $500,000 It Will Be Considered An Asset Class Just Like Gold originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
