Table of Contents

• Wrexham are still targeting the Premier League – b …

• As an athlete, investing in copper: navigating the …

• Top Tickers

• AI infrastructure stocks are poised to be the next …

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Wrexham are still targeting the Premier League – but how can they afford it?

Selling off minority shareholdings to individuals or groups

Wrexham's ascent from the fifth to the third tier of the English football league system marks only one facet of the transformative impact brought by its Hollywood star owners, Ryan Reynolds and Rob McElhenney. Beyond the pitch, the pair has infused the town with a renewed sense of hope and pride, rejuvenating spirits dampened by the closure of historic local industries such as coal mines and steelworks.

The financial challenges faced by these clubs paint a cautionary backdrop. Last season, teams like Sheffield United and Burnley reported substantial financial losses, emphasizing the high costs associated with Premier League ambitions. Even clubs like Hull City and Queens Park Rangers, which did not secure promotion, incurred major deficits. According to Deloitte, Championship clubs collectively faced a staggering £361 million in losses in the previous year, averaging £15 million each.

This fiscal landscape presents Reynolds and McElhenney with critical decisions. Their challenge lies in advancing Wrexham's position without succumbing to the financial pitfalls that ensnare many ambitious clubs.

One potential strategy to mitigate financial risk involves selling off minority shareholdings to individuals or groups that share their vision for the club's upward trajectory, while ensuring that Reynolds and McElhenney continue to serve as the club's public faces. This approach could provide the necessary capital for growth without compromising their control or the club's newfound identity, fueled by both celebrity glamour and local community spirit.

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As an athlete, investing in copper: navigating the opportunities and risks in a dynamic market

The green transition and increased use of AI applications are feeding demand for copper

In a world moving rapidly towards sustainable solutions, copper stands out not just as a commodity but as a critical component of the green transition. The rising demand for copper, driven by its extensive use in electric vehicles, renewable energy technologies, and AI applications, presents a unique investment opportunity.

London Metal Exchange (LME) three-month copper touched $9,640.50 per metric ton on Monday, its highest trade since June 2022. For investors, copper can create a strategic diversification opportunity while providing a hedge against inflation.

Considering the tight supply chains and the predicted increase in demand (McKinsey: up to 37 million tons by 2031), the current market dynamics suggest a bullish outlook. However, potential investors should be aware of the inherent risks, including market volatility and geopolitical tensions.

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Top Tickers

Some of the most active and relevant securities and quotes (compared to previous day's closing price)

AI infrastructure stocks are poised to be the next phase of investment

Are AI stocks in a bubble?

As AI continues to shape markets, Goldman Sachs outlines the investment trajectory moving beyond Nvidia's notable success. With Nvidia's stock soaring over 500% since early 2023 due to robust earnings growth, attention now shifts to the broader ecosystem supporting AI advancements.

Now a key question for investors is: What happens next as the AI rally broadens to involve more companies? According to Goldman Sachs Research, if Nvidia represents the first phase of the AI trade, Phase 2 will be about other companies that are helping to build AI-related infrastructure. Phase 3 deals with companies incorporating AI into their products to boost revenue, while Phase 4 is about the AI-related productivity gains that should be possible across many businesses.

And: Where are we now? So far, few companies come close to reflecting AI optimism the way Nvidia has. But stocks in Phases 2 and 3 have shown more signs of investor optimism than companies in Phase 4, the report suggests. “Many companies in these two phases are necessary for every other company to use the technology to improve productivity,” the report notes.

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As you probably know, LeBron James has teamed up with ex-NBA player JJ Redick for the podcast series "Mind the Game". This series offers an unprecedented look into the tactics and personal stories from the basketball world. The podcast has become a hit among hoops nerds and casual fans alike, zooming up the podcast charts and racking up millions of views on YouTube. Or as JJ said of geeking out with LeBron: “It’s a high. And it’s just rooted in this love and obsession with a silly sport that we all obsess over.”

Don't miss out on their discussions – perfect for hardcore fans and casual listeners alike. Dive into "Mind the Game" for your dose of basketball insights and behind-the-scenes action. If you love sport and can relate to the mindset of athletes, then you've come to the right place.

And yes, Bitcoin halving… Here’s the latest on CNBC.

Have a great Sunday!

Irg

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