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Raising Capital for Aspiring Pro Golfers is Anything But Fantasy Sports
St. Louis Based - Athlete Development Capital Ventures, LLC (ADCV), seeks to raise capital to fund aspiring pro golfers. The company will create a golf fund made up of affluent golf enthusiasts who are willing to invest in the future successes of a group of golfers.
Founding principal, Bryan Pearlman, realized that there was a need for financial assistance for aspiring golfers while he served as the Director of a major junior golf tournament. "Many of the top golfers who graduated out of our program were forced to trade in their golf clubs and spikes for a briefcase and a desk. They lacked the financing to compete adequately towards their lifelong dream of becoming a touring golf professional."
The common misconception by many is that funds are widely available via corporate sponsorships. There are a few golfers - Tiger Woods and Annika Sorenstam for instance who receive million dollar contracts. This is the exception and not the rule. The majority of golfers who are competing for a spot on the major circuit don't live the lavish lifestyle that is portrayed in television and film. They instead travel from city to city often times living out of their cars and unsure if they will have sufficient funds to play in the upcoming tournaments.
Golf is very different than many of the other major sports like baseball, football or basketball. There is no "draft" and there aren't guaranteed contracts or signing bonuses. Even if a player earns a spot in an event or on tour, they have to finish within the top group of players just to receive a paycheck.
Bryan Pearlman believes that investors are interested in this program will participate for more than just the possibility of a big pay day. "These are individuals that have a high net worth and are fans of the game. They will view this as sort of charity - enabling someone the chance to live out their dream."
Interested individuals can contact Bryan Pearlman at ADCV to learn more about the program.
This article courtesy of http://www.thefundraisingguide.com/.
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