Wall Street is about to launch a new way to trade professional athletes the way you trade stocks. A piece of Tiger, anyone? When financial historians look back and ask why it took Wall Street so long to create the first public stock market that trades in professional athletes, they will see ours as an age of creative ferment.
interesting the idea is interesting and that’s why sites like ProTrade are getting popular. But I wonder about the commodization of athletes (if that’s a word). From a legal standpoint, I never could understand how you could put a value on someone’s life or body part, so how could you do that with a player’s performance? Something about this just doesn’t seem right.
value on a player’s performance? happens all the time in fantasy sports. directly tied to money in fantasy sports leagues that use an auction draft.
interesting… It sucks how sites have to be created for us to do this. There should be real stocks for real players and teams.
Glad to see Wall Street is on the move This is like high level sports gambling. It would open up a whole new dimension to things, and also have an effect on the fantasy sports market.
Where do i sign up? “This is taking emotion and putting it to financial use. Screw this putting 300 bucks into a pot at work. This is ‘everyone get online and open your account at Ameritrade.’ The fans will be in the same position as the owners of sports teams—they’ll be making money off [the players] or losing money on them. They’ll just have more flexibility than the owners.”
and as a public entity we would get to find out if all those claims of losing money, mostly by baseball teams, was true!