🎵 Donate any amount today and download 5 different Marketplace ringtones 🎵 Give Now
Final Note

Buying a share of your favorite athlete

Kai Ryssdal Oct 17, 2013
HTML EMBED:
COPY
Final Note

Buying a share of your favorite athlete

Kai Ryssdal Oct 17, 2013
HTML EMBED:
COPY

This final note today: We’ve done stories every now and then about fantasy sports where you pick players and win or lose your league by how they do on the field.

But now, according to the New York Times, a company called Fantex Holdings is going to set up a stock market for professional athletesNot 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.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.