> ## Content Index > Fetch the complete content index at: https://www.thecloser.fm/llms.txt > Use this file to discover other available public pages before exploring further. # Trader Joe's, Florida Insurance, Tom Brady Buys A Football Team - URL: https://www.thecloser.fm/tom-brady-buys-a-football-team/ - Published: 2023-08-04T19:31:00.000Z - Updated: 2026-10-12T13:42:12.000Z - Author: Bradley Hope - Tags: News, #ben ## Closers in the News ⚽ Tom Brady has bought [a minority share in a football team](https://www.espn.com/soccer/story/%5F/id/38125429/tom-brady-becomes-minority-owner-birmingham-city?ref=thecloser.fm), Birmingham City, who play in the English second-tier. ⛳ And you may have noticed, it's not just Brady: tons of American pro athletes are buying stakes in teams inside and outside of the sports that made them famous. What's going on here? We'll, owning a sports team comes with [some very nice tax treatment](https://www.propublica.org/article/the-billionaire-playbook-how-sports-owners-use-their-teams-to-avoid-millions-in-taxes?ref=thecloser.fm), and just like they pay attention to their peers' training methods, pro athletes (and, as importantly, their financial advisors) pay attention how their peers invest. 💰 How a [major Florida insurance company went bust](https://www.washingtonpost.com/climate-environment/2023/08/04/how-florida-let-top-insurer-abandon-homeowners-their-time-greatest-need/?ref=thecloser.fm): lots of mismanagement, underestimating the damage climate change would cause, and a bumbling regulator. 🏈 Florida State University [has hired JPMorgan](https://www.cnbc.com/2023/08/04/florida-state-university-taps-jpmorgan-to-find-potential-investors.html?ref=thecloser.fm) to explore fundraising from private equity for its athletic department, including its well-known football team. 📉 Icahn Enterprises has [cut its dividend in half](https://www.ft.com/content/10ea4a4b-a635-4351-9ee3-ff2bc6acb515?ref=thecloser.fm) after short seller attack. 🛒 [Hawaiians *love* Trader Joe's](https://www.washingtonpost.com/food/2023/08/03/trader-joes-hawaii-gifts/?ref=thecloser.fm), despite slash because California-headquartered grocery store has no locations on the island state. Why? Part of it might have to do, the Washington Post reports, with the Hawaiian gift-giving tradition makana, which Trader Joe's variety of colorfully packaged, semi-indulgent feeling snacks and treats. Also, because of its location, pretty much everything is expensive in Hawaii. “The biggest kicker for us here is how cheap \[Trader Joe's\] is,” Ippy Aiona, the owner of Ippy’s Hawaiian BBQ on the Big Island told the Post. “You have all this diversity, they make a bunch of good products and it’s cheap. --- [![The Closer podcast logo; listen on Apple Podcasts](https://storage.ghost.io/c/3a/b2/3ab24ac3-6659-4e40-b780-779a1acb1fb4/content/images/2023/02/221201_TheCloserPodcastCovers_J-03.png)](https://podcasts.apple.com/us/podcast/the-closer-deals-change-the-world/id1668774101?ref=thecloser.fm) ****Catch up on The Closer Season 2 now.** For ad-free listening and exclusive bonuses with our Closers, [subscribe to Brazen+!](https://brazen.fm/plus?utm%5Fsource=closer.newsletter&utm%5Fmedium=post%5Ffooter) [Listen Now!](https://podcasts.apple.com/us/podcast/the-closer-deals-change-the-world/id1668774101?ref=thecloser.fm) --- Get in touch! Tell us what you want to hear and read. [**hello@thecloser.fm**](mailto:hello@thecloser.fm?ref=thecloser.fm)