Story | Nov 12, 2013 | 1:55 PM
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Story | Nov 12, 2013 | 8:55 AM“Fantasy sports” are hugely popular, but when fans “draft” players for their teams, they “own” only the players' statistics. Recently, Wall Street and Silicon Valley entrepreneurs created Fantex Holdings, which will allow investors to buy actual pieces of real players — namely, rights to 20 percent of the player's lifetime earnings (including licensing and product endorsement deals). The firm told The New York Times in October that it will soon stage an “IPO” for budding NFL star Arian Foster and hopes to sign up many more athletes, plus singers and actors similarly early in their careers. (On the other hand, Fantex's lawyers drew up a 37-page list of potential investment risks, such as injuries, slumps and scandals — and the fact that the stock will trade only on Fantex's private exchange.)
Story | Sep 5, 2012 | 4:07 PM
Story | Oct 2, 2014 | 7:17 AM
BEIJING (Reuters) - World number two Rafa Nadal sailed into the quarter-finals of the China Open, his first tournament in 13 weeks, on Thursday but conceded his quest to regain his lost rhythm continues. The Spaniard, returning from a wrist injury,...
Story | Oct 2, 2014 | 7:27 AM
HONG KONG (Reuters) - Hong Kong police promised on Thursday to respond firmly to any attempt by thousands of pro-democracy protesters to occupy administrative buildings, and authorities urged people to immediately end their blockade of the city centre....