PSG star Lionel Messi makes plan for retirement, launches investment firm targeting sports and tech

The Seven-time Ballon d’Or winner is now set for life after retirement as he looks to launch sport & tech company before the World cup.

Lionel Messi has announced that he will be investing in sports, media and technology, he is set to launch a company named “Play Time Sports-Tech Hold Co LLC” with its headquarters to be situated in Silicon Valley in San Francisco, California.

The Paris Saint-Germain, 35-years-old, now is reaching the twilight of his illustrious career and has revealed he will be retiring from international football after the 2022 FIFA World Cup.

According to Marca, Messi’s company will explore opportunities that could include investing in professional teams or helping startup founders build football-tech companies among other things.

A statement on a report on Bloomberg read, “Play Time Sports-Tech Hold Co LLC will be Messi’s main investment vehicle, and the company will explore “stage agnostic” opportunities that could include, for example, helping startup founders build football-tech companies or investing in teams. 

Play Time is to be run by Razmig Hovaghimian, a partner at venture capital firm – Graph Ventures. Michael Marquez, founding partner of investment bank Code Advisors LLC, will work alongside Razmig as a special adviser. 

“I am excited to extend our roots into Silicon Valley, and I am thrilled that Play Time will collaborate with daring entrepreneurs from all over the world,” Messi was quoted saying. 

The company is set to be launched before the start of the 2022 FIFA World Cup as Messi and his family hope to have a lasting impact on and off the pitch after his retirement.

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