Milwaukee Bucks superstar Giannis Antetokounmpo had more banks than letters in his name before Avenue Capital Group founder Marc Lasry stepped in. The National Basketball Association’s two-time most-valuable player had accounts open at 50 different banks, with each of them holding up to the Federal Deposit Insurance Corp. coverage limit. That shocked Lasry, who co-owns the Milwaukee team.
“I spend a lot of time with them explaining where they should invest,” he said of his players on Thursday at the Bloomberg Wealth Summit in New York. “I’m like, Giannis, you can’t be having accounts at 50 different banks. Let me tell you something, if JPMorgan goes under, your little dinky banks are going to go under too. Let me explain what you should buy, you should buy U.S. Treasuries, you should buy this.”
August 7, 2022 | 7:04 pm EDT Update
August 7, 2022 | 4:31 pm EDT Update
Goran Dragic talked to the Slovenian press before Saturday’s prep game against Montenegro and explained his motivation about his return to the Slovenian national team. “I predict the semi-finals, but then anything is possible”, said a smiling Dragic, who is ready to defend the title he won together with a young Luka Doncic back in 2017. However, after five years things are different and Dragic understands it: “In my opinion, I will play a little less minutes, it will not be at that level. I don’t know how much I played, 36 minutes per game? Everything will depend on how I feel. The role will definitely be different. I was Batman, but now I’ll be Robin. The most important thing will be to make sure we have good chemistry and be a leader on the court and lift guys up when it’s most difficult. My role remains the same, Luka’s may have changed a bit more, but I believe that everyone has their own role in the national team and that there will be no problems. We all understand each other, we are one big team, and that’s why we can make a good result. That chemistry is what other teams don’t have.”
Dragic had also to convince the Chicago Bulls to let him play, something that was not ideal for them: “When I had a medical exam with Chicago and sat down with them, they said I’d rather not play. I said I’d rather and in the end it’s the player who decides. I had to go to Chicago, undergo a medical examination and everything else. When you go to a medical examination, you always wait for the results, because you never know what can happen”.
And Dragic knows that the Eurobasket will not be a walk in the park: “This will be my toughest championship so far. I think a lot of national teams have players from the NBA. I believe that we will have good chances. I did not return to the national team to play for fifth or sixth place. The desire is for a medal, but now, as I said, it is necessary to go step by step”.
Law Murray: For the first time since 2017, Norman Powell is playing today @DrewLeague for Hometown Favorites He is the first current LA Clippers player to play at Drew League since Montrezl Harrell in 2019. pic.twitter.com/7fDl7wv6Lv