NBC News - Fantex, a brokerage based in San
Francisco, offered 421,000 shares of San Francisco 49ers' star tight end
Vernon Davis to the public Monday, making him the first-ever publicly
traded athlete. Davis' "initial public offering" was priced at $10 per
share.
In exchange for $4 million
upfront, Davis agreed to sign over 10 percent of his future earnings to
Fantex. As those earnings grow from contracts, endorsements and other
"brand" income sources, investors receive dividends, the brokerage's
co-founder and CEO, Buck French, told CNBC on Monday.
Although I have no desire to buy stock in this cry-baby bitch, Fantex better let me know when Russell Wilson's IPO is coming to market. It would be really interesting if you could speculate on the total amount and years the Seahawks end up extending him before the 2015 season. Another intriguing athlete would be Mike Trout, but since his contract is guaranteed, his stock upside would have to revolve around his endorsements & overall marketability. On a much more serious note, here is a well-endowed woman jogging with a GoPro from a woman's point of view.
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