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Fantex postpones Arian Foster stock offering

Foster AP

Texans running back Arian Foster will lose the rest of the season to back surgery.  He also will lose, at least for now, $10 million.

Fantex has announced that the Arian Foster stock offering has been scrapped for now, due the injury that has ended his season

“After consideration, we have made the decision to postpone the offering for Fantex Arian Foster,” Fantex CEO Buck said in a statement issued to PFT.  “We feel this is a prudent course of action under the current circumstances.  We continue to support Arian and his brand, and we wish him well in his recovery. We will continue to work with him through his recovery and intend to continue with this offering at an appropriate time in the future based on an assessment of these events.”

Foster had agreed to receive $10 million in exchange for payment of 20 percent of all football-related earnings to Fantex.  The deal would have proceeded only if all the stock had been sold, and the placement of Foster on injured reserve guarantees that the stock wouldn’t have been sold.

Fantex also plans to issue a Vernon Davis stock offering, with $4 million to Davis in exchange for 10 percent of his future earnings.

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45 Responses to “Fantex postpones Arian Foster stock offering”
  1. nyyjetsknicks says: Nov 12, 2013 7:37 PM

    “Nigerian royalty” thinks this scam is a joke.

  2. apkyletexas says: Nov 12, 2013 7:40 PM

    How in the world is this even legal?

    Are you telling me the SEC has approved of this garbage?

  3. 8to80texansblog says: Nov 12, 2013 7:45 PM

    Wouldn’t be surprised if Texans traded Foster in the offseason.

  4. cunninghampeetemcnabbvick says: Nov 12, 2013 7:46 PM

    God damn it U.S.A.! The rest of the world is trying to get over a financial crisis you instigated and this is the kind of crap you’re coming up with? That’s just what the stock market needs, an ACL injury.

  5. nfl4days says: Nov 12, 2013 7:46 PM

    This doesn’t seem very ethical to me.

  6. seahawks55 says: Nov 12, 2013 7:50 PM

    Call me crazy but I think this is gonna work really well!…. For fantex.
    Seriously with how injuries and cuts work in the NFL this will be crazy volatile. And No way Arian makes 50 mil in the rest of his career (despite what you read in headlines very few have ever actually been paid this much)

  7. thestrategyexpert says: Nov 12, 2013 7:51 PM

    It’s bonus-feed night tonight at the track for some lucky horses. You stop eating when you are good and ready now.

  8. staffordsyear says: Nov 12, 2013 7:51 PM

    So the CEO simply goes by “Buck”?… yea thats all i need to know about this.

  9. pats777 says: Nov 12, 2013 7:54 PM

    There’s a sucker born every minute.

  10. bennyb82 says: Nov 12, 2013 7:57 PM

    Darn I was hoping to put my entire life savings into him.

  11. ras1tafari says: Nov 12, 2013 7:58 PM

    Fantex sounds more like a tampon brand than anything else.

  12. gojags says: Nov 12, 2013 8:01 PM

    “We will continue to work with him through his recovery and intend to continue with this offering at an appropriate time in the future …. ” – The appropriate time should have been three years back.

  13. braczey29 says: Nov 12, 2013 8:02 PM

    Well played sir….10 mil for a signature ain’t so bad

  14. raymondtx says: Nov 12, 2013 8:04 PM

    But it seemed like such an awesome idea before the injury….

    Signed Bernie Madoff

  15. berniemadoffsides says: Nov 12, 2013 8:07 PM

    “Since this no longer benefits us, we’re not doing it.”

  16. stainlineho says: Nov 12, 2013 8:07 PM

    Sorry Arian, but I’m afraid you’re on that VERY STEEP running back downward spiral.

  17. joerevs300 says: Nov 12, 2013 8:12 PM

    Is it just me, or does this curse seem to be worse then the Madden one?

    Arian Foster signs on: Back surgery, out for season.
    Vernon Davis signs on: Concussion, out for game and maybe more.

    Pro athletes, just invest your money wisely and stay away from this scam of epic proportions.

  18. 700levelvet says: Nov 12, 2013 8:20 PM

    So… It’s worth as much as Packers stock now? That what you’re trying to say?

  19. ravenswhat says: Nov 12, 2013 8:22 PM

    What a bummer. Foster had his finger on the mouse to trigger a huge short sell on that piece of crap stock.

  20. monkeyhateclean says: Nov 12, 2013 8:24 PM

    While the subject of the investment may not have been the best (Foster will be 28 next season, but has the mileage of a 33 year old RB), the idea itself is not without merit.

    What if this brokerage firm partnered with Teddy Bridgewater, Clowney, or Johnny F? Stockholders pay them $40-50 million up front, and receive 20% of their earnings over their lifetime. Not just their NFL salary, but 20% of endorsement deals, autograph signings, personal appearance fees, OVER THEIR ENTIRE LIFETIME.

    Yeah, any of them could go the way of Jamarcus, and the investment will sour, but weighing the risk vs the reward is what its all about, and in that sense, investing in a player’s potential is not so different than investing in a company’s potential.

  21. bigjd says: Nov 12, 2013 8:29 PM

    Don’t think I’d even draft him for my fantasy team next year, much less buy stock in him.

  22. GenXJay says: Nov 12, 2013 8:33 PM

    no worries, cheese bays “novelty stock” has taken an huge hit the past couple of weeks too. The imaginary markets these days are not as stable as the 90′s.

  23. arlingtonsynn says: Nov 12, 2013 8:37 PM

    I for one can’t help but wonder how much 10% of Vince Young’s lifetime earnings is worth?

  24. harrycanyon says: Nov 12, 2013 8:43 PM

    He will never be the same back again. I believe they used him up the last couple years. Reminds me a lot of the Jamaal Anderson situation with the Falcons back in the day. They ran that poor guy to death, set record for carries in a year and he was gone as quickly as he came.
    Sad that the shelf life for a hard working running back isn’t very long.

  25. steviefoosball says: Nov 12, 2013 8:46 PM

    A fool and his money are soon parted.

  26. bennyb82 says: Nov 12, 2013 9:08 PM

    The real money to be made would be to invest in a college player. It would be like an internet startup where most fail…but if you get the right guy, you could live off his success.

  27. titalph says: Nov 12, 2013 9:13 PM

    Wasn’t ownership in another person decided back in the 1860′s?

    I get it’s the income stream, but I would be nervous because Foster is essentially telling you how he sees his career going from here. To him, it’s better to get $10M today than what’s to come. Unless there’s an insurance policy included, count me out.

  28. grudenlikesme says: Nov 12, 2013 9:28 PM

    Blue Horseshoe loves Endacott Steel

  29. antalicus says: Nov 12, 2013 9:39 PM

    Who would buy stock in a guy that always has some kind of injury?

  30. jimmysee says: Nov 12, 2013 9:42 PM

    I’d rather own Packers stock.

  31. pughesq says: Nov 12, 2013 9:52 PM

    Ok, I get it. This is essentially insurance that the players buy in case one day they’re not able to maximize their earnings potential because of injury. And it works for them, unless they get injured. #fantexbs?

  32. doe22us says: Nov 12, 2013 10:15 PM

    They may want to re-think that Vernon Davis deal just saying.. before they get a headache…

  33. assuredmutualdestruction says: Nov 12, 2013 10:23 PM

    Also being postponed:

    Colin Kaepernick stock

  34. fm31970 says: Nov 12, 2013 11:05 PM

    “…and we are replacing Foster with Jake Locker! What? Dang. Julio Jones then! Seriously!?!? Hmmm, we really need to rethink this idea…”

  35. jetsjetsjetsnow says: Nov 12, 2013 11:10 PM

    Sounds like just a legit way to gamble as going to AC, Las Vegas or the Stock Market!!

    Looks pretty risky though…

    Wonder how the odds stack up against blackjack or craps though?

    If Fosters stock sale had already been done the buyers would be hurt’in right now!!!

  36. jayniner says: Nov 13, 2013 12:23 AM

    Vernon Davis might want to reassess his relationship with Fantex….

  37. thepigiron says: Nov 13, 2013 1:21 AM

    Remember priest Holmes? LJ? Or Barry foster and …? Wow can’t believe this is even legal

  38. z561 says: Nov 13, 2013 1:28 AM

    Two words: “short position.”

  39. allday420ap says: Nov 13, 2013 2:00 AM

    Arian the imposter needs to eat some meat

  40. lawyermalloy says: Nov 13, 2013 3:53 AM

    Talking about a high risk product.
    Not only are the investors beholding to player injury, but endorsement deals as well. Football players are notorious for not showing up for commercial endeavors and “Madison Ave.” has a sorry outlook for football players that aren’t “white”.
    But perhaps the biggest problem with the investment is the Player is paid up front, by the Broker, for marketing; so I ask, what is there incentive?

  41. gmsalpha says: Nov 13, 2013 7:05 AM

    Aw man!

    I was hoping to invest heavily in Arian Foster BEFORE he went on IR.

    Thanks for crushing my dreams.

  42. joetoronto says: Nov 13, 2013 7:52 AM

    monkeyhateclean:

    I’m sorry but not EVERYTHING can be a commodity.

    Especially human beings.

  43. FinFan68 says: Nov 13, 2013 7:53 AM

    This was one of the dumbest ideas I have ever heard of.

    Wanna know why the league is full of divas and me-first guys (much more than years past)?

    “We continue to support Arian and his brand”

    ^^crap like this concept.

  44. wallacejay says: Nov 13, 2013 10:11 AM

    Sell Mortimer!! Sell!!

  45. granadafan says: Nov 13, 2013 11:39 AM

    Given Foster’s injury history, you’re better off shortselling his stock.

    QBs have higher earning potential given their longevity, higher salaries, and endorsements.

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