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 21, 2014 | 7:18 AM
INCHEON South Korea (Reuters) - Japan's Kosuke Hagino gate-crashed the much-hyped showdown between Olympic champions Sun Yang and Park Tae-hwan to win the 200 metres freestyle gold at the Asian Games on Sunday, while four more weightlifting world...
Story | Sep 21, 2014 | 1:53 AM
BEIJING (Reuters) - Microsoft Corp has delayed the launch of its Xbox One game console in China, which had been set for release on Tuesday, but the world's biggest software company said it would be released by the end of the year. Microsoft did not...