Mavric Posted October 17, 2013 Share Posted October 17, 2013 On Thursday, Fantex Brokerage Services announced its intention to allow fans to invest in stock related to the performance of an athlete's brand. The company said its initial public offering will be for Houston Texansrunning back Arian Foster. Fantex is paying Foster $10 million for a 20 percent stake in his future income, including contracts, endorsements and other related business revenue. The company will begin taking reservations in the next two weeks and could be selling shares of Foster in as soon as a month depending on demand and progress with the Securities and Exchange Commission. It's much like fantasy sports, except fans will be trading on Foster's business value. If he does well on the field and companies become more interested in Foster as an endorser, his stock might go up. Fans can then buy and sell shares, with Fantex taking a commission. The company says it is hoping to acquire a future stake in athletes but does not have any other deals finalized at this time. ESPN Article Fantex Web Site Quote Link to comment
Mavric Posted October 30, 2013 Author Share Posted October 30, 2013 Grantland Article on Foster and Fantex. Quote Link to comment
It'sNotAFakeID Posted October 30, 2013 Share Posted October 30, 2013 Grantland Article on Foster and Fantex. I think they're going to have to start with more players. Not just Arian Foster. It's something that I would consider looking at, seems interesting. Quote Link to comment
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