{"id":8822,"date":"2024-05-01T20:57:01","date_gmt":"2024-05-01T20:57:01","guid":{"rendered":"https:\/\/byberry.com\/?p=8822"},"modified":"2025-10-12T18:37:52","modified_gmt":"2025-10-12T18:37:52","slug":"colin-kaepernick-spac-loses","status":"publish","type":"post","link":"https:\/\/rawdogsports.com\/blog\/colin-kaepernick-spac-loses\/","title":{"rendered":"Colin Kaepernick SPAC loses lucrative business deal with a social justice-driven lender"},"content":{"rendered":"

Colin Kaepernick, a former NFL quarterback, who is now an activist, lost out on a profitable business deal with a social justice-driven lender, after refusing to promote the business on national television.<\/p>\n

As well as for other interviews in the past, Kaepernick refused an appearance for an interview with George Stephanopoulos on \u201cGood Morning America\u201d where he could have actually promoted the minority-focused lender.<\/p>\n

Questions were asked<\/a> about how much companies can benefit from partnering with the former quarterback after the failure of Kaepernick\u2019s special-purpose acquisition company (SPAC) Mission Advancement Corp. to finalize a deal with The Change Company, a lender that prioritizes serving minority borrowers.<\/p>\n

Steve Sugarman, Change Company CEO said in a statement after the deal has broken down that \u201cthe Change Company would proudly consider a partnership with Mr. Kaepernick yesterday, today, or tomorrow.\u201d<\/p>\n

Sugarman also wrote in an email to Mission Advancement Corp. executives where he was even more direct. \u201cThere is a real question about whether there is [a] halo effect that translates into investor dollars. We need to question that assumption.\u201d<\/p>\n

Kaepernick and his partner at Mission Advancement Corp., Jahm Najafi would have earned a fortune if the deal had gone through, as they would have received founders shares worth $80 million in the new company.<\/p>\n