A report from News Americas Now.
A Caribbean-roots player in the National Football League (NFL) is insuring his future after football with ownership of a whopping 25 Dunkin’ Donuts franchises.
Green Bay Packers defensive end, Ricky Jean Francois, a Haitian-American, told Steve Gorman on Fox Sports Radio that the investment is his retirement plan.
Jean Francois, 30, who was born in Miami to Haitian immigrant parents, told Gorman that “when the big money came in” he needed a retirement plan that would be useful the minute he retired.
“I was like, ‘I need a retirement plan right now. I need a retirement plan that can grow right now, so at the time when I actually walk out of the NFL, I don’t have to let the NFL be my identity. Teams can look at me like, ‘OK, he’s a business man. He’s a smart guy. He knows what he’s doing with his money.’”
He says he also wants to be an example when the league talks to young players about handling money
“I won’t be those guys you see on 30 for 30. I won’t be those percentage of guys that goes broke. … I want to be that guy on top. When the league talks about, ‘This is what you do with your money,’ they actually show a picture of me,” he said.
The former Washington Redskin recently signed a one-year, $2 million deal with the Packers.
The total liquid capital required to open a Dunkin’ Donuts franchise is $125,000 and Dunkin’ Donuts franchise fees are $40,000 to $90,000. The minimum net worth of a Dunkin’ Donuts franchise is $250K.