Goldman Sachs Protects Athletes from $1 Billion in Fraud

Goldman Sachs Protects Athletes from $1 Billion in Fraud

Source: Fortune

Summary

Nicole Pullen Ross, a Goldman Sachs partner, leads the firm’s Sports and Entertainment Solutions (SES) business, helping athletes manage their wealth. With nearly three decades of experience, she has seen the stakes of her work become more urgent, especially with the NFL Draft and a new class of young millionaires entering the league. According to research, athletes lost nearly $974 million to fraud over a 10-year period, and the pace is accelerating. Pullen Ross and her team help athletes build infrastructure to manage their wealth, often competing with unqualified advisors.


Our Reading

The numbers tell one story. Nicole Pullen Ross and her team at Goldman Sachs’ Sports and Entertainment Solutions (SES) are trying to help athletes manage their wealth, but it’s not just about the money. It’s about building trust and expertise in a compressed financial timeline. The challenge is often the people around the athlete, not the athlete themselves. Pullen Ross’ enthusiasm for women’s sports is palpable, and she sees it as the next frontier. Her allegiance is to her clients, not teams or contracts.


Author: Evan Null