Have you ever purchased your favourite player’s Jersey? Have you ever spent more than $250 on your favourite teams or athletes? Well now you can start to take some risks on your favourite athletes, as professional athletes are going to have shares available for purchase in the stock market. Arian Foster, the Pro Bowl starting running back for the Houston Texans of the National Football League, has been the first name announced whose stock will be available on the market. Fantex Brokerage services have stated that it will pay Foster $10 million for a 20 percent stake in his future income.
The NFL is a league that has a significantly high volume of gambling already. Las Vegas and other betting venues around the world including Proline here in Ontario, offer multiple ways for individuals to bet on all kinds of different aspects and outcomes of individual or multiple NFL games. With athletes’ stocks now being available, this has introduced an entirely new side of risk. As Linette Lopez of the Business Insider states: “negative perception by the media, fans, leagues, clubs or others will all help to decrease Foster’s stock value.” Lopez also goes on to say the cost of efforts to evaluate, target, and access the brands of Foster, as well as the cost and expense of negotiating new brand contracts is another risk. Finally, these stocks could also take a quick fall, should players get injured, or get into any trouble with the law.
Of course with every sports story there are opinions, and each person when asked about this, will have a different opinion. Some fans may find this ridiculous, and have no interest in risking any of their hard earn money in professional athletes. Others may think it’s an interesting way to take a risk with their money on athletes that they have a lot of faith in, and hopefully be rewarded. Finally, others may have always had the feeling that athletes are in the game only for the money. Fans pour out so much love and passion from their hearts for teams and individual players that make this money and don’t seem to give this love back to the fans. Well, here’s a way players can give back some of this love by providing some extra income, should you make the right decisions.