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Houston Texans running back Arian Foster reaches forward for a first down after being tackled by New England Patriots cornerback Aqib Talib (31) during the second half of an AFC divisional playoff NFL football game in Foxborough, Mass., Sunday, Jan. 13, 2013.
Houston Texans running back Arian Foster reaches forward for a first down after being tackled by New England Patriots cornerback Aqib Talib (31) during the second half of an AFC divisional playoff NFL football game in Foxborough, Mass., Sunday, Jan. 13, 2013.
(Charles Krupa/AP)

Reasons to be leery of fantasy football-like IPO

Don’t believe the hype. There are some glaring red flags in a new company’s proposal to sell stock in professional sports players.

Last week, Fantex Inc. filed the legal documents necessary to take fantasy sports to a new level by allowing people to invest in athletes. Their proposal aims to raise $10-million (U.S.) by getting people to invest in Arian Foster, the star running back for the Houston Texans of the National Football League.