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 | Sep 19, 2014 | 1:04 AM
(Reuters) - A typical "neighbourhood kid" toting a badminton racquet in the Yangtze river port of Wuhan, eight-year-old Li Na could have had little idea the path the Chinese state set for her might lead to tennis glory, riches and Asia's first grand...
Story | Sep 19, 2014 | 1:05 AM
BEIJING (Reuters) - China's Li Na, Asia's only grand slam singles champion, announced her retirement from tennis on Friday, succumbing to the effect of long-term knee injuries. A former French Open winner and the reigning Australian Open champion, Li...