So I find my job pretty enjoyable and really can't complain. But if there was every a way to merge portfolio management with fantasy baseball, well, that would just about be my ideal job. Enter : Real Sports Investments. Basically, they're trying to securitize a player's future earnings - selling off the player's risk/return profile to individual investors and providing a hedging instrument for the player. Now, Randy Newsom is probably a horrible investment. And the MLBPA will fight it and it'll likely never take off. But if it ever does, I'm launching my own Player Equity Investment Fund...
http://articles.moneycentral.msn.com/Investing/Extra/ShouldYouInvestInABallplayer.aspx
https://www.realsportsinvestments.com/
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This kind of "investment" has happened many times before, I'm sure. I know it's happened for golfers. In golf, you need to fly/drive yourself from tournament to tournament, pay for the hotel, food, etc, and play for money. If you don't make the cut, you don't get paid, and that means you lost for the week.
So, generally the wealthiest folks from a local club with a great golfer will pool money to help them get going for a while. They then get a cut of the tournament earnings, to the point they get whatever return on their money.
I don't know alot about it, but I know it exists. In baseball (where you are already being paid), it's just a way to have a player take cash now, like an insurance policy against them sucking.
Oh yeah, and it's happened in many other areas - in Europe bands have taken to having fans "buy-in" to fund their albums. Once $50k is raised, they make the album and the fans get their return based on sales. There's also equity funding of students (instead of debt - student loan - funding), which is a really interesting idea.
This is just the first I've seen of somebody hoping to securitize and create a liquid market for these. I doubt it will work, but it's interesting regardless...
Speaking of, I want to be the first person to buy-in to Oddjob/Twilight/Good Question. Or Reflux.
Hey, I'm still under 30, and feel like I could throw as hard as i ever did... does someone want to finance my comeback into baseball? You never know, maybe I'll be like that guy in The Rookie...
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