menu

How Athlete IPO’s Will Change The Face Of Sports Management

How Athlete IPO’s Will Change The Face Of Sports Management
culture

Fantex introduces stock options on your most admired professional athlete.

Serena Chu
  • 6 december 2013

Between company stocks and foreign exchange, there are a good amount of investment strategies out there. If you think you’ve mastered the art of trading, think again. Fantex is a new concept of exchange that lets you purchase IPOs of professional athletes. The value of the stock solely depends on the overall value of the athlete, as well as the number of injuries the player acquired throughout his/her career.

The San Francisco-based start-up is opening a new trading platform for those with a keen eye for competitive sports and player performance. After securing Arian Foster, the running back of the Houston Texans, the company will be receiving 20% of his future earnings in exchange for $10 million, which will be raised from investors who could buy his “brand” share.

Fantex 2

While the concept does hold a level of intrigue, some people have expressed their disapproval. Among the many, Reuters columnist Felix Salmon finds the idea to be distasteful and utterly dehumanizing. But for those who are in love with the sport, this gives them an opportunity to make a vote of confidence for a particular athlete. The company is banking on the idea that people will invest because it can be an expression of a personal connection.

How does this make you feel? Are you waiting with a handful of cash in hand, ready to jump at the opportunity? Or are you appalled by the thought of an athlete not being referred as an individual, but as a brand?

Fantex

Source: UPENN Wharton

Images: Fantex

culture
Trending

Get A Better Idea Of How You Are Wasting Your Time

Mobile
Work Today

PSFK’s Workplace Vision: The Desk Is Becoming An Ecosystem Of Satellite Workstations

Our Future of Work vision is an app that frees employees from the tyranny of a static desk

Work Today

Editorial Roundtable: What A People-First Workplace Must Prioritize First

Managed By Q, Soma, Workbar, Primary, AltSchool and thinkPARALLAX on why employee fulfillment is a journey and not a destination

Trending

Get PSFK's Latest Report: Design Debrief: Modern Desk

See All
Food Today

A Tiny Amount Of This Powder Could Block All The Bitterness In Food

A new substance made from mushrooms can bond with taste receptors on your tongue to overcome unpleasant flavors

Asia Today

Whimsical Dental Clinic Design Aims To Calm Patient Fears

Cheerful colors and a nod to the comforts of home are design elements tactfully aimed to help people relax

PURPLELIST EXPERTS

Ryan Closner

Renaissance Software Engineer

Mobile Today

Messenger Service Only Delivers You Updates Three Times A Day

Formal is a new app designed to help people ignore the constant stream of texts from their phone and focus on what's in front of them

Design Today

Movable Vacation House Constructed Using Concrete Boxes

The 4,000 square foot building is made up of modular frames so it can be relocated if needed due to coastline erosion

Design Today

Redesigned Electric Fan Collapses For Easy Storage

Conbox can be kept in pieces and packed away when not in use

PSFK LABS REPORT

Future Of Work
Cultivating The Next Generation Of Leaders
NEW

PSFK Op-Ed august 23, 2016

Modern Workplace Culture: No More Fat Cats Or Kissing Ass

Samar Birwadker, CEO & Co-Founder of Good & Co, on designing shared organizational values to optimize employee happiness and success

PSFK Labs august 25, 2016

PSFK’s Workplace Vision: How The Nurturing Of Seeds Will Come To Define The Onboarding Process

Our Future of Work vision is a service that allows companies to assemble and deliver welcome packets that are uniquely focused on the concept of growth

Ai Today

LawyerBot Is Now Helping Homeless People Qualify For Government Housing

This robot helps people get out of parking tickets and provides free legal advice to those in need

Travel Today

This Head Hammock Promises The Best Sleep You’ll Ever Get While Traveling

NodPod holds your neck and back perpendicular, hopefully putting an end to sleepless and uncomfortable journeys

Culture august 26, 2016

London Telephone Box Repurposed As A Tiny Mobile Repair Shop

Tools and supplies to replace broken screens or damage are neatly stowed away in these micro-workrooms

Design august 26, 2016

Conceptual Sportswear Created Out Of Futuristic Condom Material

A Dutch fashion designer is experimenting with new methods and fabrics to make high performance clothing

Fashion august 26, 2016

Fashionable Tassel Will Ensure You Never Lose Your Valuables Again

The device is fashion meets connected tech, that will help you keep track of your belongings at all times

INSIGHTS COVERAGE

Rio Olympics
Innovation Coverage From The Rio Games
READ NOW

Syndicated august 26, 2016

Would You Wear Wool Shoes To Save The Environment?

As demand for wool shoes grows, a number of US footwear brands are heading directly to the source: the sheep pastures of New Zealand

Sustainability august 26, 2016

Self-Healing Material Is Fashioned Out Of Squid Teeth

Penn State researchers have devised a new textile that uses organic proteins

No search results found.