IPO to give sporting investors a stake in professional athletes

Fantex is betting it can help Foster line up a lot of lucrative endorsements, as well as help him make money after his career is over. The Texans signed Foster to a five-year contract that will pay him $23.5 million during the period covered by the Fantex IPO. He also could earn up to $2 million in bonuses, depending on his performance, according to the IPO filing. He’s also lined up endorsement deals that could pay nearly $700,000.

Article source: http://durangoherald.com/article/20131020/NEWS04/131029986/-1/s

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