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This week it was revealed that the National Football League Players Association has purchased an ownership share in daily fantasy sports group Monkey Knife Fight.
The terms of the purchase weren't made available, but the deal will see a joint marketing commitment, licensing agreement, and financial stake for the player's union to buy in with. The association's OneTeam Partners group will be the ownership group. OneTeam is a joint venture between the NFLPA, Major League Baseball Players Association, and RedBird Capital.
Monkey Knife Fight has already been serving as a partner with the NFLPA, so there's an existing relationship between the two.
Commenting on the deal NFLPA executive DeMaurice Smith said, "With this deal we have taken another large step to solidifying the role of players being collectively involved in businesses that partner with their sport," NFLPA executive and OneTeam Partners board member."