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421K Vernon Davis shares available

this is a discussion within the NFL Community Forum; A company called Fantex Brokerage Services says it will offer 421,000 shares of the San Francisco 49ers tight end at a price of $10 a share. It will be the first time that shares will be sold that are connected ...

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Old 04-21-2014, 02:11 PM   #1
 
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421K Vernon Davis shares available

A company called Fantex Brokerage Services says it will offer 421,000 shares of the San Francisco 49ers tight end at a price of $10 a share. It will be the first time that shares will be sold that are connected to an athlete's financial future.

"This is a historic milestone, not just in sports but in finance as well," said Fantex CEO Buck French.

In October, Fantex agreed to buy a 10 percent interest in Davis' future earnings for $4 million. The company collects that percentage from Davis' playing contract, endorsements and any other money he makes, including post-career income like a broadcasting deal.

Technically, fans don't buy shares of Davis. They're buying shares of Fantex Inc., so as the company collects more money, the stock should rise. The stock trades on Fantex's website platform, as opposed to the standard exchanges like the NYSE and the NASDAQ. Fantex announced Monday that those who want to buy shares must place a reservation and fund their accounts before the initial public offering takes place on April 28.

French said that Davis has $10.2 million left on the final two years of his contract with the 49ers. If he finishes that deal, he would have played 10 years in the NFL.

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This article can't be for real. Kam Chancellor already owns him.

Said Pope Benedict: "WOW ... that ring is bigger than mine!!!"

SmashMouth is offline  
Old 04-22-2014, 07:26 AM   #2
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Re: 421K Vernon Davis shares available

Hmmm... a non-secured investment on a private website
What could go wrong?

and why would Davis take $4 million for 10%? I guess he doesn't think he'll earn $40 mil for the rest of his career

PS 'Buck French' sounds completely legit and not at all like a porn name
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Old 04-22-2014, 07:44 AM   #3
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Re: 421K Vernon Davis shares available

Going by the behaviour of the rest of the 49ers you'll be on the hook for a few thousand in legal fees
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Old 04-23-2014, 01:15 PM   #4
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Re: 421K Vernon Davis shares available

Don't do it !
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Old 06-05-2014, 03:29 PM   #5
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Re: 421K Vernon Davis shares available

Y! SPORTS


30 year old player skipping OTA's and demanding more money. I am downgrading his stock to a strong sell
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