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Contract Negotiations
Professional athletes need to ensure that they are maximizing the worth both on and off the field. This can be challenging without the services of a knowledgeable and trusted agent who understands the athlete and their personal objectives.
GMB Sports and Entertainment is registered with several professional sports associations and we provide a wide range of sports agency services that include the negotiations of player's contracts, performance bonuses, and endorsement and marketing contracts. Our team of experts in contract negotiations is dedicated to representing and managing the best interest of the athlete.
Career Management
Life after a playing career is just as important as when the athlete is in the game. Career management is about leveraging the athlete's career so that they and their loved ones have the resources to enjoy life to the fullest both during and after their playing days.
GMB Sports and Entertainment provides professional advice and guidance to assist the athlete in their post-career. These services encompass contract negotiations, public relations and endorsements.
Marketing and Endorsements
GMB Sports and Entertainment has high level relationships with companies that use superstar athletes and celebrities to endorse their products or services. We assess opportunities to find the right fit for our clients.
Cash Management
Individuals who have attained a great deal of wealth through outstanding professional success either on screen or on the field face unique financial challenges. GMB Sports and Entertainment looks at an athletes cash needs and helps with budgeting, day-to-day cash management, bill payment and preparation of monthly/annual statements to keep them information of their financial situation.
Asset Protection
Taking steps to protect what your assets involves careful planning for future contingencies and using insurance or other strategies. As an example, in the unfortunate event of a person's death they want to avoid having tax burdens and probate fees as part of the inheritance passed to their spouse, children or favorite charity.
GMB Sports Management and Entertainment reviews and implements strategies to protect a client's assets today and well into the future, by leveraging global opportunities as we access expertise in family law, reporting tax requirements, insurance, trusts and off shore planning.
Services include:
- Determining the effect of both an immediate and future death and calculating the required funding and life insurance to maintain their assets
- Exploring the need for property/liability insurance coverages
- Examining the net benefits of suing off-shore vehicles to protect assets
- Taking pre and post nuptial agreements and trust arrangements into consideration
Business Management
The Company provides comprehensive services for affluent, high net worth clients in the professional sports arena. GMB Sports and Entertainment acts as the client's personal chief financial officer performing a wide range of integrated services, including bill payment, cash flow management, insurance planning, retirement and estate planning, tax planning, purchase and sell of major assets and coordination and monitoring of investments.
Estate Management
Estate planning is the process of arranging your assets and personal affairs in a way that serves the client and their family's best in the future. A well designed estate plan ensures in the event of death or mental incapacity, the client's affairs and settled in a timely, orderly and tax-effective manner. It helps to ensure the client's family is looked after and can manage financially.
GMB Sports and Entertainment Reviews all aspects of estate planning such as:
- Wills
- Insurance
- Selecting a Guardian
- Choosing and Executor to Administer an Estate
- Signing a Power of Attorney
- Tax Planning
- Charitable Donations
Insurance
GMB Sports and Entertainment considers insurance an integral component of protecting the client's financial health. The Company assesses the client's insurance needs in the context of an overall wealth management plan. Existing coverages are evaluated to determine if the client has any needs that are not being covered. There are many insurance products in the market place geared toward meeting different objectives. GMB Sports and Entertainment works closely with the client to choose the products suitable for their circumstances. Some important types of insurance to consider are:
- Disability Insurance - a form of insurance that provides a source of income and/or medical home care in the event of a disability due to sickness or injury
- Critical Illness Insurance - which offers financial protection should the client contract a critical illness such as cancer.
- Life Insurance - a product designed to secure the financial future of the client in the event of their death, by providing them with some replacement of income and covering the remaining debt and expenses. It can be used to effectively achieve a host of other financial goals, such as grow assets or save for the future.
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