If you’ve ever wanted to know what it would be like to own a piece of someone, your wish can come true in the near future as shares of Buffalo Bills quarterback E.J. Manuel will soon be available to purchase on the stock market.
According to Mike Rodak of ESPN.com, Manuel signed a brand deal with brokerage firm Fantex back in February. Manuel will become one of the first athletes to receive a payment from the firm in exchange for a percentage of his future income.
“EJ is a young player [who] is evolving — a good-looking, smart, articulate individual that has interests beyond just football,” Fantex CEO Buck French said via ESPN. “So our goal is to work with him to create an audience via social media that’s actually interested in his other interests beyond football.”
Manuel is being paid $4.79 million for a 10 percent interest in his future “brand income”, which includes contracts, endorsements and any other post-career income. Those interested in investing into the future of Manuel will be able to begin reserving shares of the QB’s stock on May 5. Fantex will offer 523,700 shares for purchase at $10 per share.
Manuel follows in the footsteps of San Francisco 49ers tight end Vernon Davis who became the first publicly traded athlete on Monday.
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