Have you ever wanted to buy stock in a sports player? Have you ever even thought of this? Well now a company called Fantex Holdings is doing just that. These stocks will be tied to the players performance and how the values of his or hers brands do. This form of stock is starting with Houston's running back, Arian Foster. These stocks will be based on his economic success, this would be the value of his contracts with the Texans, Endorsements, and appearance fees. Fantex also wants to expand this to other players and singers and celebritys. The company will determine if they will continue this form of stock depending on how well the stock of Arian Foster does. Cantor Fitzgerald has already been doing this by running the hollywood stock exchange. This stock exchange is not nearly as high stakes as the real stock market is because the hollywood stock market doesn't use real money.
Will this be a revolutionary idea for the stock market? I do not think i would ever invest in this kind of stock. I think there would be too much risk in putting money in to a person who might throw away his own career when he does something stupid. Also if he get injured and his career is ruined your stock would become worthless. I also feel this is somewhat morally wrong. I personally don't want to have stock on a person because it would feel like I own part of that person.
No comments:
Post a Comment