This link comes from Joe at Cincy Reds Cards (among other card-related blogs):
http://walkoffbalk.blogspot.com/2008/01/minor-league-pitcher-wants-you-to-own.html
Randy Newsom, a minor league reliever for the Indians affiliate Aeros, is selling shares in his future as a Tribe member (or any other MLB team, really). For $20 a share, you can invest in this player, helping him offset his bills while he hones his skills. According to "The Enquirer," he would have to make $1.2 million a year before you would get your $20 back (and really, after fees, it's closer to $25) for each share. There are only so many share to go around, too. He is the first player to actually sell shares of himself, but this could be something that takes off.
I bit the bullet and bought a couple. I figure, the worst that can happen is I buy the guy a tank of gas...
More info can be found at RealSportsInvestments.com and the original article from "The Enquirer" is HERE.
Wow, is this for real? If so, investing just got taken to the next level. Before you know it, you'll be trading options for specific players. Sure would have been nice to pick up a couple shares of Johan Santana a few years back!
ReplyDelete