But now, according to the New York Times, a company called Fantex Holdings is going to set up a stock market for professional athletes. Not as in the athletes do the trading, but as in athletes are the stocks.
For example, Arian Foster, one of the best running backs in the NFL, for the Houston Texans, is going to go public.
Fantex is gonna pay Foster $10 million, for shares in his future earnings, including contracts and endorsements.
Buyers, fans, investors -- whatever you call it -- will be able to trade shares of Mr. Foster on the exchange Fantex will set up.
“I think the best compliment I can give is not to say how much your programs have taught me (a ton), but how much Marketplace has motivated me to go out and teach myself.” – Michael in Arlington, VABEFORE YOU GO