5min snip

Masters in Business cover image

Peter Mallouk on Making Financial Planning Easier

Masters in Business

NOTE

Becoming a Minority Owner of the Kansas City Royals Baseball Team

The individual became a minority owner of the Kansas City Royals baseball team due to his deep passion and connection with the team since childhood. Starting as a clubby for the visiting team, he got to know and serve all the players in the American League, gaining autographs and making a fortune from tips. The routine involved cleaning, organizing, and taking care of players before and after games. When the Royals came up for sale, a conglomerate was formed in Kansas City, and the primary owner invited him to join as he was deeply rooted in the city and loyal to the Royals. The individual highlighted the challenge of money not moving natively on the Internet, drawing a parallel with the history of paper money invention in Europe and hinting at the potential role of cryptocurrency payments in the future.

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