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Want a Piece of a Star Athlete? Now, You Really Can Buy One
Imagine having acquired a financial interest in LeBron James, Peyton Manning or Roger Federer early in their careers. A new company wants to make this fantasy a reality for the next generation of superstars. On Thursday, Fantex Holdings will announce the opening of a marketplace for investors to buy and sell interests in professional athletes. The start-up, backed by prominent executives from Silicon Valley, Wall Street and the sports world, plans to create stocks tied to the value and performance of an athlete’s brand. It will have its debut with an initial public offering for a minority stake in Arian Foster, the ... (full story)