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Arian Foster Going Public

Fantex Brokerage Services announced on Thursday that it will have an initial public offering for Arian Foster.

Fantex is paying $10 million for a 20 percent stake in Foster's future income, including contracts, endorsements and other related business revenue.

"Fantex is bringing sports and business together in a way never previously thought possible," CEO Buck French said in a statement. "By building a marketplace that allows customers to buy shares in a tracking stock linked to the value and performance of an athlete's brand, Fantex is enabling a new level of brand advocacy through ownership."
  • sfout
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http://espn.go.com/nfl/story/_/id/9838351/fantex-brokerage-services-offer-stock-arian-foster-houston-texans

Here is a link....

It is more like they are trying to start some sort of professional athlete stock exchange.

.....

As long as it doesn't turn into 3rd parties owning and "controlling" the future of the athlete it could work. But all you need to do is look at soccer to see the negatives of "investors or third parties" having a stake in an athlete's future.

The Transfer Market of international soccer is a mess and no where near the same kind of compensation of Football, but all you need to do is look at Neymar's transfer issues because some 3rd party owned a percentage of him and the stopped several potential transfers because they wanted so much money to okay the transfer and Neymar's agent(his father) and his club at the time Santos wanted to keep the normal amount of money they would've received without the outside parties involvement.

Imagine the chaos it could cause in the NFL or any other major sport if fans or outside "investors" could tell players like Foster that he had to ask for a trade or to wait for a higher offer, or an offer in a different market like NY for higher marketability of endorsed products(think Eli's reported motivation for forcing the trade from SD).

It is a joke but maybe it'll work.
[ Edited by sfout on Oct 17, 2013 at 3:25 PM ]
It's absolutely ridiculous, IMO
  • sfout
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Originally posted by GameOver:
It's absolutely ridiculous, IMO

The hilarious part is that they gave him $10m for $20 percent of his future income. He is scheduled to make about $18million over the next 3 years. So they'll only get roughly $1mill per year.

He is already 27 so he'll be at he proverbial end of the road for an RB. We'll see what the Texans offer him as an extension in the next few years but even including Arian's endorsement deals I don't see them getting a return of investment on this for a very long time.

Since I don't want to bother reading up on the exact details, maybe they'll make money every time someone purchases his "stock" but I'm just laughing about it.
I wouldn't even buy his stock on GTA V
Oh I thought he was coming out lol
wow...i am a financial investor and even i think this is just ridiculous


Originally posted by gold49digger:
Oh I thought he was coming out lol

thats what i thought when i read the title hahahahahaha
should i invest in Valrod or El Guapo...tough choice
  • luv49rs
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Originally posted by 49AllTheTime:
should i invest in Valrod or El Guapo...tough choice

Valrod puts out more
Did the Civil War accomplish nothing?
[ Edited by PrisonOfGlass on Oct 17, 2013 at 4:52 PM ]
  • sfout
  • Veteran
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Originally posted by PrisonOfGlass:
Did the Civil War accomplish nothing?

Is this rhetorical? Just cause he is black? He did get paid by them....
Originally posted by sfout:
Originally posted by PrisonOfGlass:
Did the Civil War accomplish nothing?

Is this rhetorical? Just cause he is black? He did get paid by them....

I get it, but "Fantex Brokerage Services announced on Thursday that it will have an initial public offering for Arian Foster" reads a little off.
Originally posted by gold49digger:
Oh I thought he was coming out lol

[ Edited by 808niner4lyphe on Oct 17, 2013 at 5:55 PM ]
call me when he goes pubic.
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