Table of Contents

• How F1’s Miami GP’s food surplus feeds the city an …

• Reimagining leadership and embracing athlete leade …

• Top Tickers

• Former NFL player Rob Gronkowski to pay $1.9M to s …

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How F1’s Miami GP’s food surplus feeds the city and fights climate change

Combating food waste with precision: The F1 Miami GP's winning strategy

A Formula One grand prix weekend is like a Super Bowl-caliber event in Miami — especially when it comes to the food. Extravagant hospitality packages are created, award-winning chefs cater the weekend to bring the flavor of South Florida to F1, and VIPs flood the paddock. Roughly 242,000 people attended the inaugural Miami Grand Prix, but the chefs’ teams for the restaurants working the event didn’t know quite what to expect when preparing the meals across the campus.

During the Miami GP, an estimated 90,000 pounds of food was left over, translating into approximately 75,000 meals. With the help of Food Rescue US, this surplus did not go to waste. Instead, it was systematically collected and redistributed to those in need within the local community, exemplifying a stellar model of social responsibility.

This initiative not only addresses food insecurity — which affects over 1.2 million people in the South Florida region alone — but also mitigates the broader environmental impacts by preventing food from ending up in landfills.

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Reimagining leadership and embracing athlete leaders for business success

The blueprint for tomorrow's business leaders

The contemporary leadership landscape is shifting away from traditional models to embrace attributes often seen in elite athletes—optimism, perseverance, and a visionary outlook.

Recent insights from leading consultancies like Boston Consulting Group and McKinsey advocate for leadership that prioritizes flexibility, inclusivity, and continuous innovation. This shift is essential for navigating the complexities of the modern marketplace, making businesses more adaptable and forward-thinking.

Athlete leaders bring a unique blend of qualities to the corporate table. Their careers, defined by overcoming challenges and striving for excellence, equip them with the resilience and foresight needed for sustainable business success. Their experience in high-pressure environments makes them ideal candidates to lead with clarity and inspire innovation.

Incorporating these athletes into key roles can transform organizational dynamics. They inspire teams, enhance decision-making, and drive a culture that views challenges as growth opportunities. Their impact-centric approach aligns with the modern emphasis on creating value that extends beyond financial returns, focusing on societal contributions and long-term strategic planning.

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Former NFL player Rob Gronkowski to pay $1.9M to settle crypto investor suit

A glimpse into cryptocurrency and celebrity endorsements

Rob Gronkowski has agreed to a $1.9 million settlement with Voyager Digital investors. This settlement is part of a broader $2.4 million agreement that also involves NBA player Victor Oladipo and racecar driver Landon Cassill. This case sheds light on the intricate web of responsibilities and legal implications tied to celebrity endorsements in the volatile world of digital finance.

Gronk, who once held the dual roles of brand ambassador and shareholder at Voyager, a cryptocurrency lender, found himself ensnared in legal battles after the company's bankruptcy in 2022. The settlement, still awaiting court approval, marks a crucial moment for the crypto industry, reflecting the potential financial and reputational risks that accompany the promotion of such platforms.

The lawsuit and subsequent settlement offer a stark reminder of the risks associated with celebrity endorsements in high-stakes financial markets. It highlights the need for due diligence and ethical considerations when public figures endorse financial products.

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And finally, we have Charles Barkley. Recently, he confirmed an escape clause in his current 10-year contract with TNT should they lose their NBA media rights. With the NBA's current agreements set to expire after the 2024–2025 season and companies like NBC and Amazon positioning themselves aggressively, TNT faces a precarious future. If TNT loses these rights, Charles could become the highest-paid free agent in sports TV history, potentially attracting offers upward of $20 million annually from rivals like ESPN or Amazon.

“I just signed a 10-year deal two years ago,” Charles said, “but one of the things I did was I put an opt-out after a couple years because I wanted to cover my ass when it comes to this situation.”

Charles’ preemptive contractual adjustment before re-signing with TNT’s Inside the NBA showcases not only his personal brand strength but also his deep understanding of the industry’s dynamics. He remains a beloved figure, both for his sports insights and charismatic presence, making him a valuable asset in the highly competitive sports broadcasting sphere.

Have a great weekend!

Irg

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