Originally posted by SportsFan:
If Vernon flip flops again I will lose my patience with him. He said he was coming to mandatory mini-camp. Then didn't. Then he said he will report to TC. Now he is thinking about not showing? Seems that he isn't the one calling the shots.
Its this fantex BS
Some stupid sales person got into his head about marketing himself as a brand and probably convinced him to hold out for a new deal to help jump start the whole stock shares BS.
Athlete IPOs. This year, San Francisco 49ers star tight end Vernon Davis IPO'd. Fantex Brokerage Services agreed to buy a 10 percent cut of all Davis' future earnings for $4 million.
That right there is already a bad sign. Worst investment idea I've ever seen.
There are so many reasons this is a not a good investment idea, but let's limit our discussion to three: 1) You have limited ability to pick which companies are going to do well; what makes you think you have any ability to guess what any athlete's future income stream is going to be? 2) Even a minor injury can end an athlete's career. In the NFL, the average career is short — either 3.2 years or almost 6 years. 3) Even if the 29-year-old Davis stays healthy, for investors to make money, he needs a giant new $33 million contract (according to the Fantex risk factors), plus he must "attract and retain endorsements, then generate other brand income post career." Again, the thought of most investors getting this calculation correct is laughable.
This was a terrible investment concept, but it's brilliant marketing for Fantex, which describes itself as "the world's first registered trading platform that lets you invest in tracking stock linked to the value and performance of a professional athlete brand."
I enjoy reading what Vernon posts, he is a very educated and well spoken indiviual. But when you start messing with things a little outside of your league, you end up taking bad advice. Vernon probably thinks he knows whats going on, but I'm betting he has no clue.
Classic example of people thinking they are smarter than they actually are.
Anybody have the cardinals GIF where he ran into the wall? Feeling that might be relevant
[ Edited by Quest4six on Jul 13, 2014 at 3:57 PM ]