KLUTCH Sports Founder Rich Paul To Lead Robinhood’s Expansion Into Sports And Media

Robinhood, the renowned trading and investing platform, has partnered with Rich Paul, the founder of KLUTCH Sports Group and LeBron James’ agent.

Robinhood ventures into sports and entertainment

Robinhood is a stock brokerage that allows customers to buy and sell stocks, options, ETFs, and cryptocurrencies with zero commission.

Announced on Thursday, this collaboration marks Robinhood’s ambitious venture into the realms of sports, entertainment, and media.

The fintech firm prides itself on introducing a diverse range of first-time investors to the market, aligning with Paul’s impactful history in sports management.

Meet Rich Paul

Rich Paul, the founder of KLUTCH Sports in 2012, is set to join Robinhood as a strategic advisor. 

Under Paul’s leadership, KLUTCH has become a powerhouse in the sports industry, representing top-tier athletes, including LeBron James.

One of TIME100 Most Influential Companies, the group has also been pivotal in bridging connections between teams, leagues, and global brands.

Paul’s expertise extends beyond sports; he is a United Talent Agency and Live Nation board member.

His role will involve working alongside Robinhood CEO Vlad Tenev to explore new avenues for sports and entrepreneurship partnerships. 

“We’re massive sports fans at Robinhood, and we know our customers are as well,” Tenev said in a conversation with CNBC.

He emphasized the significance of this partnership in extending Robinhood’s brand to a broader audience and aligning with athletes and organizations that resonate with their customer’s needs.

“I look forward to helping guide Robinhood as they broaden their reach into new markets and spaces,” said Paul.