Derek Fisher Joins Luxury Asset Capital, Draw Backlash from Players
There may not be a more controversial individual in the NBA than Derek Fisher.
The multiple-time NBA champion and former New York Knicks coach was hired by a lending firm. Fisher has reportedly assumed the Executive Vice President of Luxury Asset Capital’s Sports & Entertainment Group.
— Baron Davis (@BaronDavis) December 13, 2018
“Even individuals with substantial wealth and earnings face situations where easily gaining access to substantial amounts of short-term capital in a few days can be a major challenge, and we specialize in helping athletes and entertainers overcome that challenge,” says Dewey Burke, CEO of Luxury Asset Capital. “Derek Fisher and [attorney and fellow Executive Vice President] Sandy Fox are among the most knowledgeable people in the sports and entertainment world regarding the financial pressure professional athletes and entertainers face, and the most trusted. They are uniquely positioned to deliver the value of Luxury Asset Capital’s short-term liquidity solutions to the community of current and former athletes and entertainers that they know so well.”
Fisher’s new gig has been met with a negative response from both past and present NBA players.