Forget Football, Terrell Owens Is Heading Into Business
A lot of controversy has followed famed football player Terrell Owens. Following 15 turbulent years with the NFL Owens’ football career is currently in limbo, but the outspoken wide receiver isn’t standing still. In the twilight of his career, he told Forbes he’s ready to put on his “entrepreneurial hat” and venture into business.
This might come as a surprise to some as Owens has been plagued with financial troubles and bad investments. Earlier this year he was hit with a $244,000 tax lien. Then there was his recent divorce from Rachel Snider, who claimed Owens only married her in a quickie wedding for her money. But he says he’s learned from trusting the wrong people with his money.
“Throughout my career, I thought I’ve had some people who had my best interest at heart, but they had ulterior motives,” said Owens, now 40. “…Sometimes it’s a hard pill to swallow but by the grace of God, I’m still able to understand that I’ve established a little bit of a brand for myself, and there’s more opportunities and revenue streams out there. There’s more to me than just being a football player.”
Owens is seeking to get into various sectors, among them technology, apparel, fitness and home décor.
Last year he hooked up with Jon Orlando, the Director of Talent Relations at Hang W/, to become involved with the live social streaming app and he is currently a shareholder. “A celebrity-driven mobile platform that counts 50 Cent (Curtis Jackson) as one of its investors, Hang W/ allows its users to live broadcast from anywhere, anytime, up to 15 minutes. For verified users, the broadcast time expands to a full hour,” reports the magazine.
On top of this, Owens just did a DVD workout video in partnership with Tristar Products. It features an all-in-one workout machine called The Rack, which combines 10 machines into one. Owens is also working with Beverly Hills, California-based sports agency, Relativity Sports, to promote his philanthropic endeavors, such as his T-shirt and apparel lines. He had a soft launch of his inspirational “What T.O. Do” campaign for women’s tees, which he wants to expand to kids in the 7-to-18 age demographic.
Maybe he will have some business prowess when he appears on Celebrity Apprentice in the fall.
Sounds like Owens may be ready to put football aside.
“Being a professional athlete, you know that at some point, you’re not going to be an athlete forever,” he said. “You start to think about post career and obviously, with some of the pitfalls I’ve been through and some of the ups and downs, it really enabled me to buckle down and really be on top of my financial portfolio and be involved from that aspect.”