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i was just reading about this on PFT, it just seems so wrong on so many different levels
[URL="http://profootballtalk.nbcsports.com/2013/10/17/company-plans-to-sell-stock-in-players-starting-with-arian-foster/#comments"]
the setup is. the company gives a player a large chunk of money, like a loan, in return from a percentage of all their future football earnings (playing, coaching, owning, broadcasting, commercials, etc)
the company will pay for these "loans" buy selling stock on those players and running a stock exchange. player plays good, stock goes up, player plays bad, stock goes down
their first client is arian foster. fantex gives him $10 million dollars now, and gets %20 percent of all his future football earnings. the company then plans to sell 1 million shares of foster stock at $10 a pop
1. what stops foster from getting the money and calling it a career after this year?
B. there seems to be no way for fantex to lose on this one. they give away someone elses money and get all the returns
* is this even legal?
- is this even allowed by the CBA. as some people replied on PFT, this is basically players betting on themselves and each other
[URL="http://profootballtalk.nbcsports.com/2013/10/17/company-plans-to-sell-stock-in-players-starting-with-arian-foster/#comments"]
the setup is. the company gives a player a large chunk of money, like a loan, in return from a percentage of all their future football earnings (playing, coaching, owning, broadcasting, commercials, etc)
the company will pay for these "loans" buy selling stock on those players and running a stock exchange. player plays good, stock goes up, player plays bad, stock goes down
their first client is arian foster. fantex gives him $10 million dollars now, and gets %20 percent of all his future football earnings. the company then plans to sell 1 million shares of foster stock at $10 a pop
1. what stops foster from getting the money and calling it a career after this year?
B. there seems to be no way for fantex to lose on this one. they give away someone elses money and get all the returns
* is this even legal?
- is this even allowed by the CBA. as some people replied on PFT, this is basically players betting on themselves and each other
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