You can now own a piece of Padres third baseman Yangervis Solarte. Or rather, you can own a piece of Yangervis Solarte’s future earning power. For the rest of his life.
Solarte signed a contract this week with Fantex, Inc., a company that Forbes Magazine refers to as the “athlete stock exchange“. Solarte traded 11% of his future earnings for a $3.15 million payday.
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Fantex announced that Solarte was one of five baseball players who signed contracts with the athlete-as-tradeable-stock company. And now, Fantex will sell shares of Solarte to investors who want to buy a piece of the player’s future.