Fantex, Inc. Announces Brand Agreements With Ten New Athletes in Three Professional Sports

SAN FRANCISCO--()--Fantex, Inc. announced today it has entered into brand contracts with ten athletes across three major sports – doubling the number of brand contracts the company has with professional athletes.

“The announcement today marks twenty contracts now signed with athletes from across the world of professional sports,” said Fantex CEO and co-founder, Buck French. Fantex, Inc.’s newest contracts include those with players from the National Football League (NFL), Major League Baseball (MLB) and Professional Golf.

Athlete   Professional Sports Affiliation  

Purchase
Price

 

% of Brand Income to
Be Acquired

Allen Robinson

Wide Receiver,
Jacksonville Jaguars (NFL)

$4.60M 12%
Tyler Duffey

Pitcher, Minnesota Twins
Organization (MLB)

$2.23M 10%
Maikel Franco

Third Baseman,

Philadelphia Phillies (MLB)

$4.35M 10%
Collin McHugh

Pitcher,

Houston Astros (MLB)

$3.96M 10%
Jonathan Schoop Second Baseman,

Baltimore Orioles (MLB)

$4.91M 10%
Yangervis Solarte Third Baseman,

San Diego Padres (MLB)

$3.15M 11%
Kelly Kraft Professional Golfer $2.28M 15%
Scott Langley Professional Golfer $3.06M 15%
Jack Maguire Professional Golfer $2.07M 11%
Kyle Reifers Professional Golfer $1.74M 15%
 

Under the terms of each of the newly announced brand contracts, Fantex, Inc. would acquire – upon payment of the upfront purchase price – an interest in the future on- and off-field cash flows of the athlete, as defined in the applicable brand contract. The consummation of each of the brand contracts is contingent upon Fantex, Inc. obtaining financing necessary to pay the applicable purchase price. Information regarding Fantex, Inc.’s brand contracts with these ten athletes is included in the table above.

The company also announced today that it has withdrawn its earlier registration statement on Form S-1 (File No. 333-208184) for the proposed offering of Fantex Sports Portfolio 1 Units. French added, “In light of our most recent signings, we are working with our advisors on the most appropriate way to potentially package and offer our unique asset class to investors.”

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Contacts

Fantex, Inc.
Sean Baenen
sean.baenen@fantex.com
Erini Blakey
erini.blakey@fantex.com

Contacts

Fantex, Inc.
Sean Baenen
sean.baenen@fantex.com
Erini Blakey
erini.blakey@fantex.com