Story | Sep 4, 2012 | 9:51 AM
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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 | Mar 29, 2015 | 6:15 AM
Negotiations over Iran's nuclear program grew frantic on Saturday amid signs of discord, with the French and German foreign ministers joining U.S. Secretary of State John Kerry in talks with Tehran's top diplomat ahead of an end-of-March deadline for a...
Column | Mar 28, 2015 | 7:40 PM
We don't need to know the political or religious views of Germanwings co-pilot Andreas Gunter Lubitz to call his crashing of a crowded airliner into a mountainside an act of terrorism. And we don't need any further evidence to recognize a cruel irony:...