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 | May 22, 2015 | 9:39 AM
British Prime Minister David Cameron set off Friday on a whirlwind campaign to change the way the European Union is run, warning of a rough road ahead to achieve the reform needed to keep his country from leaving. Ever the halfhearted EU member,...
Story | May 22, 2015 | 10:08 AM
The European Union reaffirmed its partnership with six post-Soviet nations Friday but offered them no new prospects of future membership in the Western bloc at a summit overshadowed by the Ukraine crisis. The two-day meeting in Riga underlined that the...