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Reasons to be leery of fantasy football-like IPO Add to ...

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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.

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