Jalen Ramsey, Derwin James part of group investing in National Cycling League
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Jalen Ramsey is dipping his toes into a new venture away from the football field. According to Adam Schefter of ESPN, Ramsey, Derwin James and Kevin Byard are part of an investment group supporting the National Cycling League, which is launching in 2023.
It may seem like a random investment for Ramsey and the other NFL players, but he does have a connection to the NCL. Ramsey’s agent, David Mulugheta, is a co-founder of the NCL.
“I’ve been in the sports industry for 15 years and this is the most exciting opportunity I’ve seen,” Mulugheta said in a press release. “Beyond the substantial number of people who bike, the ability to build the league from the ground up allows us to get the business, the values, and the ownership structure right. This is why so many professional athletes, entertainers, and people of influence are so excited about what we are building.”
The NCL will consist of a series of closed-course races around the country, from Miami to Chicago. It’ll also feature a new scoring system that awards points after each lap.
Players are now becoming owners in another sport: Rams CB Jalen Ramsey, Chargers S Derwin James and Titans S Kevin Byard are part of a group of investors announced today in the National Cycling League (@NCLRacing), which is hoping to capitalize on the 60 million riders in the US.
— Adam Schefter (@AdamSchefter) August 16, 2022
