Let’s skip the small talk,

This week, an MLS star signed a partnership with rising startup Wholesome Bakery through Athletes and Assets™, but this is not your typical endorsement deal...

On top of that, a group of elite athletes just invested in Karma Automotive, as part of an “invite-only client engagement and ownership program”, and Stephen Curry shocked the world by signing with Chinese sportswear brand Li Ning Sports (China) Co., Ltd. following a season of Curry Brand free agency.

Let’s get into it all on this week’s edition of Backstage.

LINEUP
1. Headlines this week 🗞️
2. Good Karma for these Athletes 🚗
3. Curry’s New Kicks 👟
4. Most Wholesome Deal 🍪
5. Company of the Week Presented by OPTYO: SweatLabs 🧖

NEWS

🚨Headlines of the Week🚨

  1. Karma Automotive launches Karma Nexus, an invite-only client engagement and ownership program. Anthony Edwards, Tracy McGrady, and Dylan Harper are among the first names buying in.⁠

  2. Stephen Curry signs 10-year, $400 million+ deal with Li Ning.

  3. Luka Doncic spearheads investment group to acquire Vanoli Cremona.

  4. Jameis Winston, along with over 20 other professional athletes, invest in crowdfunded real estate through Kinexx.

  5. Kendrick Perkins partners with Customer Activation Platform Whisp.io.

  6. Russell Westbrook, an investor in OKC’s new multipurpose stadium and surrounding district, spoke at its groundbreaking.

A&A IN DEPTH

Good Karma for these Athletes

Karma Automotive is inviting select athletes to own a piece of the company through Karma Nexus, an invite-only client experience that gives members priority access to vehicles, private events, design studio experiences, time with engineering teams, and bespoke commissioning.

The first group includes Anthony Edwards and his business manager Justin Holland, Hall of Famer Tracy McGrady, Vikings QB Kyler Murray, Panthers QB Bryce Young, Spurs guard Dylan Harper, and Celtics guard Ron Harper Jr.

Karma is utilizing access and ownership through athletes to build a mutually beneficial relationship. For the athletes involved, the value is not just being connected to a luxury car brand, but also having a stake in the company’s long-term growth.

Edwards and Holland called Karma “a product and a team we truly believe in.” McGrady described the company as thinking bigger than just building cars, and Harper explained his view on this experience as a chance to learn how investing can help build generational wealth early in his career.

Karma is a luxury car company trying to move into the ultra-luxury tier, hoping to push for cultural relevance, credibility, and the right people around the brand. Putting athletes on the cap table gives the company partners who want the brand to win and can support its growth naturally as investors.

ATHLETE SPOTLIGHT

Curry’s New Kicks

Stephen Curry has partnered with one of the few sportswear companies in the world founded by an athlete who already built what Curry is trying to create.

Li Ning Sports was founded by Li Ning, the six-time Olympic gold medal gymnast and one of the most decorated athletes in Chinese sports history. He turned his name into one of China’s largest sportswear companies, and now the Curry Brand name will sit inside that system.

His new deal with Li-Ning runs for 10 years and covers basketball, athleisure, a full golf line, and the ability for Curry to sign athletes under Curry Brand, meaning this deal is about more than having a signature shoe for Steph, but giving him the infrastructure to build a brand around other athletes as well.

Curry left Nike for Under Armour in 2013, became the face of the brand, and eventually became president of Curry Brand. When Curry and Under Armour split in November 2025, Curry Brand went with him, meaning he did not just leave as a free agent, he left with an asset.

Li-Ning plans to build Curry Brand stores across the United States and China, giving Curry access to two of the largest consumer markets in the world.

Instead of being paid to wear the product, he is becoming the product platform, using the same playbook Li Ning used to build a brand empire in China and expanding it globally.

Exclusive Offer:

OPTYO helps sports, fitness, and wellness brands grow their online presence by improving how they market and reach customers.

They are offering one month of their services for free (up to a $2,000 value) for Athletes and Assets™ Backstage readers.

To claim this, interested brands should visit the "Get Started" page at https://www.optyo.net/contact to schedule a Growth Strategy Intro Meeting. When prompted with "How did you hear about us?", select "Athletes & Assets."

MOST VALUABLE PLATFORM

Most Wholesome Deal

New York City FC star Keaton Parks has partnered with rising cookie brand Wholesome Bakery as brand ambassador in a multi-year equity deal.

Wholesome Bakery was founded with the goal of making delicious cookies without using artificial ingredients.

After trying samples and connecting with Mandy Harper (Founder/CEO), Keaton found an opportunity to partner with a brand he felt aligned with.

Keaton has a young family and prioritizes health in their kitchen. His strong belief in the brand led him to ask for sweat equity, earning shares in the company over a period of time while helping Wholesome Bakery reach new markets with the help of his influence and credibility.

Wholesome Bakery has become a West Coast staple, and now they're expanding East with the help of an athlete partner.

It was amazing to sit back and watch this unfold. Both Mandy and Keaton are doing incredible things and we’re just fortunate they both entrusted Athletes & Assets™ to take their respective journeys to the next level.

Our case study series resumes over the coming weeks...

COMPANY OF THE WEEK

Company of the Week Presented by OPTYO: SweatLabs

SweatLabs is an infrared sauna brand founded on the belief that elite recovery shouldn't be reserved for pro facilities. SweatLabs designs full-spectrum infrared saunas, bringing recovery suites into any home.

Why should athletes care?

  • At-home recovery access

  • Performance and longevity value

  • Premium wellness CPG opportunity

Recovery is already part of an athlete’s routine, but access to elite recovery tools is usually tied to facilities, teams, or training centers. SweatLabs brings the technology into the home, giving athletes a more convenient way to support recovery, relaxation, and long-term wellness.



Want to get in front of ~8,500 of the most influential athletes and investors in Sports & Entertainment? Reply to this email and tell us why we should work together.



Athletes and Assets, Inc. accepts no liability for the content of this blog, or for the consequences of any actions taken on the basis of the information provided. Please invest responsibly and consult a financial advisor before making any investment-related decisions.

Keep Reading