A San Francisco company plans to in the potential future earnings of professional football player Vernon Davis, the first ever deal of its kind.
The company, Fantex Inc., will pay Davis $4 million in exchange for 10 percent of his future earnings, including some of his off-field income. It will sell 421,100 shares of Vernon Davis stock at $10 apiece.
The 49ers tight end, who is 30, will need to earn $40 million over the rest of his career for the stocks to pay off for investors.
A critic of the deal said it “just sounds like something that P.T. Barnum would try to sell. I don’t think it’s going to work out.”
What do you think? Will the investment in Davis’ career pay off? Would you buy stock in Davis or other athletes? Vote in our poll at right.
