Fantex is a company that has ben trying to pioneer a new wave of investing. The company allowed individuals to buy stock in athletes, similar to how individuals buy stock in companies. The athlete would get an initial payment and the owner of the stocks would get a certain amount of that athletes future earning. The first athlete that Fantex was going to open for stock trading was Arian Foster. Foster was recently placed on IR and now Fantex is scrambling.
Less than a month after making news with a Securities Exchange Commission filing for a stock market-type stake in the Texans running back, Fantex Inc. on Tuesday announced a postponement of the Foster initial public offering.
At the time of the filing, Fantex warned prospective investors that the IPO posed significant risks, a point that it didn’t take long for the violent sport of football to vividly illustrate. Foster on Tuesday was place on season-ending injured reserve by Houston.-BlackSportsOnline.com
I don’t know how much longer Fantex will be around but if they make it through this let me offer a word of advice for anyone thinking of investing: Don’t invest in a running back with prior injury concerns, a safer bet would be a basketball player like Paul George or a golfer like Rory McIlroy.
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