Have some money to burn and would like to invest it?
The public will soon have an opportunity to purchase shares of Houston Texans running back Arian Foster.
A San Francisco-based company, Fantex Holdings, will begin selling shares of Foster, USA Today reported. It hopes to raise $10.55 million through the sale of 1.055 million shares at $10 each.
The deal with Fantex, which dates to Feb. 28, calls for Foster to receive $10 million from the initial offering. Fantex would get 20 percent of Foster's football-related income in perpetuity, including endorsements.
Investors receive no guarantee of a dividend, which would come from Foster's future earning power.
According to the USA Today report, the company had to register Foster with the Securities and Exchange Commission.
"We think that we can obviously raise the money from the public markets because there will be the interest (after the initial offering) that, 'Hey, this an interesting thing because I'm interested in the sport, I understand finance ... and I want to own a tracking stock that's linked to the value and performance of Arian Foster's brand," CEO Buck French said, according to USA Today. "I do think people will find that interesting."