Wayne Chrebet was known for 11 seasons as the underdog, sure-handed wide receiver for the National Football League's New York Jets. Now, the retired 36-year-old professional athlete has a new career as a financial adviser for the Moldaver Group, a wealth management group under Morgan Stanley (NYSE:MS).
For Morgan Stanley, hiring Chrebet seems like a good risk. After all, Chrebet likely has some friends and acquaintances from his NFL days with fat wallets, who might be inclined to turn to him for financial advice. Chrebet follows in the footsteps of other former professional athletes
who have gone on to other ventures in the dealmaking world. Here's a look at a few others that Dealscape has highlighted in the past:
- Former Major League Baseball slugger Mo Vaughn is an investor in affordable housing in urban communities.
- Former National Basketball Association Hall of Fame point guard Magic Johnson created a private equity fund, Canyon-Johnson Urban Fund, that invests in underserved urban areas.
- Former tennis greats Andre Agassi and wife Stefi Graf through their real estate development company Agassi Graf Development LLC have invested in building luxury resorts centered around tennis and fitness clinics.
- Former Dallas Cowboys quarterback Roger Staubach started his own real estate advisory firm Staubach Co. that was eventually sold to Jones Lang LaSalle Inc. for
$613 million in 2007.
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Gerald Magpily
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