Someone was asking me about this today.
FANTEX
http://finance.fortune.cnn.com/2013/...tasy-football/
Click link for more.
Excerpt:
It's called Fantex Holdings, and will offer investors the chance to bet on the future earnings (both on-field and off) of professional athletes, via tracking stocks that will launch via initial public offerings. First up will be Houston Texans running back Arian Foster, who would receive $10 million in exchange for a 20% stake of Foster's gross "brand" earnings beginning this past March. It's an indefinite deal (including a possible coaching career), unless Foster retires for reasons outside of injury or illness within the next two years. In that case, Fantex could require him to pay a $10.5 million termination fee.
Got me to thinking about Max Scherzer & Stephen Drew. A Cy Young pitcher in last year of contract, poised to rake huge. And a homeless World Series shortstop who gambled his $14 million qualifying offer with the Red Sox.
Maybe they do a Fantex deal to hedge.
I don't think young first round talent like this years Tyler Beede of Vanderbilt or Bryce Harper would have done a Fantex deal to sell future earnings.
If I cannot buy a speculative growth opportunity the concept doesn't work.
Mature players have a 50% bankruptcy rate.
Never fly, IMO.
One of the principals binked eBay for billions and recruited Meg Whitman. Serial dot com binkage. 1-800-Flowers, etc.
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