CINCINNATI (FOX19) - A company that sells stock in athletes was in Cincinnati Thursday to promote their offerings in the career of Cincinnati Bengal Mohamed Sanu.
Fantex is selling shares of Sanu, a wide receiver, for $10. The stock is linked to Sanu's future earnings that could come through contracts, endorsements or appearance fees. Sanu would receive the cash up front as a part of the deal, according to Fantex.
More than 164,000 shares are available for Sanu's Initial Public Offering.
The Fantex CEO said Thursday at a Cincinnati press conference that there has been a tremendous amount of support behind the program.
FOX19 NOW's financial expert Nathan Bachrach touts the marketing efforts of Fantex, but cautions investors to spend their money wisely.
"Say I've got eight bucks. Am I gonna go buy a beer the next time I go to the Bengals, or am I going to take ten bucks and buy a share of Mohamed Sanu?," says Bachrach. "My guess is you'll get more impact from your eight dollar investment than from your ten."
Sanu is the only Bengal to make a deal with Fantex. Arian Foster of the Houston Texans, EJ Manuel of the Buffalo Bills and Vernon Davis of the San Francisco 49ers are also available for investment.