RealGM

Luxury Asset Capital has hired Fisher as the executive vice president of a new sports and entertainment division that offers short-term loans ranging from $50,000 to $5 million using assets such as contracts, pensions, cars, watches, fine art, jewelry, and “real estate (in specific situations)” as collateral. The firm’s website boasts quick liquidity for high-value possessions and assets, which makes them sound quite a bit like a mega-scale pawn shop.

“Often times,” the site reads, “traditional forms of financing are too slow, burdensome and invasive, or have negative tax or other consequences that make them less than ideal or unviable choices, particularly when time is a factor”; “Doing business with us is straightforward and discreet, requiring little paperwork, typically no credit checks, virtually no personal or business information and no waiting period.” A probably obvious piece of personal financial advice: never give money, or anything, to a company that uses this kind of language.

JellosJigglin wrote:Within the 1st two paragraphs I knew the tone of this article was very biased.

When Fisher got a prestigious five-year, $25 million head coaching contract with the New York Knicks, a job for which his qualifications were questionable, a mere ten days after playing his final professional game in 2014, it did not exactly reverse the feeling that he had leveraged his high position in the union against players for future personal gain.

It can also easily be argued that the inflation in head coaching salaries that Fisher benefited from in 2014 was directly related to the collective bargaining agreement he helped owners reach in 2011