We’ve always had a theory about why so many pro athletes slap their names on restaurants. Some people might think it’s because athletes have a genetic predisposition towards bad investments, or that they’re narcissistic enough to find the idea of their name on the front of an overpriced steakhouse too alluring to pass up. We disagree. Let us explain.
(If you eat at Phil’s, you really CAN look just like him!)
Athletes spend most of the year on the road, right? They eat in fancy steakhouses and drink at overpriced bars. That’s what they know best (apart from their sports and, um, groupies), so it makes sense to invest in the places that seem familar to them. It’s a perfect theory as far as we’re concerned, and it got a lot more plausible today when an investment group led by nutrition guru Phil “FIGJAM” Mickelson entered a bid to purchase a whopping 105 Waffle House locations.