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A new tracking stock will be offered by brokerage Fantex Inc. that allows sports fans and investors to purchase a security tied to the income of 10 of their favorite professional athletes. The San Francisco startup has been advertising the security as the “first-ever bundled unit of athlete tracking stock.” Loeb & Loeb partner Steven Olenick is quoted on the security, stating: “Some people say it is a way to invest in pro sports, but I look at it as the next way to be a part of pro sports.”
Click here to read the article on the Law360 website.
Click here to read the article on the Law360 website.