Whether you’re a huge sports fan or just following March Madness College sports was handed a shocking defeat this week. This wasn’t because of an upset in basketball but rather a ruling that could change the college athletics landscape forever. The Chicago District of the National Labor Relations Board has ruled that scholarship football players at Northwestern University are employees and can unionize immediately. After hearing the news the school said it would appeal the ruling and the NCAA President Mark Emmert did not hesitate to comment. The yearly tuition for a student at Northwestern is approximately $63,000. Many athletes especially those playing football usually get a full or partial scholarship to attend and play. Meanwhile the guy who started this battle, the outgoing quarterback for the Wildcats – Kain Colter, feels that college athletes should have a say when it comes to issues that pertain to their well-being. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins The Blaze TV with Wilkow to discuss what the long term negative impact to college athletes if in fact they continue down this road to unionization.
Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.
Tags: Big labor, college football, ed butowsky, financial advisor, march madness, NCAA, Northwestern university, The Blaze TV, tuition, Unions, wealth manager