Story | Nov 25, 2013 | 11:40 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 | Apr 20, 2014 | 5:05 AM
WASHINGTON Is 10 years enough time to buy 10 million acres of land? Maybe not, at least for the U.S. government. Many of the nation's tribal leaders say the Obama administration is moving far too slowly with a massive plan to spend $1.9 billion to buy...
Story | Apr 20, 2014
Like the last two minutes of a close basketball game, the final two weeks of the Florida Legislature's annual session is the most important to watch. Yes, big change happened on the first day of the two-month session, when legislators fixed the laws that...
Story | Apr 19, 2014 | 8:48 PM