Register All Albums FAQ Community Experience
Go Back   New Orleans Saints Forums - blackandgold.com > Main > Saints > NFL

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 ...

 
 
LinkBack Thread Tools Display Modes
Prev Previous Post   Next Post Next
Old 04-21-2014, 01:11 PM   #1
 
Join Date: Sep 2007
Location: Mandeville, LA
Posts: 38,557
Blog Entries: 29
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.

read more


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


Posting Rules

LinkBacks (?)
LinkBack to this Thread: https://blackandgold.com/nfl/65566-421k-vernon-davis-shares-available.html
Posted By For Type Date Hits
421K Vernon Davis shares available This thread Refback 04-21-2014 01:24 PM 6


All times are GMT -5. The time now is 02:08 AM.


Copyright 1997 - 2020 - BlackandGold.com
no new posts