EZRA SHAW/GETTY IMAGES FILE PHOTOA San Francisco startup paid Niners tight end Vernon Davis $4 million for the rights to 10 percent of the athlete’s future earnings from football and related endorsements.

EZRA SHAW/GETTY IMAGES FILE PHOTOA San Francisco startup paid Niners tight end Vernon Davis $4 million for the rights to 10 percent of the athlete’s future earnings from football and related endorsements.

Company to invest in 49er Davis’ future earnings

Fantex Brokerage Services announced Thursday that it intends to sell shares of 49ers tight end Vernon Davis’ future earnings.

The San Francisco-based startup did the same last month with Houston Texans running back Arian Foster.

Fantex CEO Buck French told ESPN.com that it paid Davis $4 million to the rights to 10 percent of his future earnings, which includes his playing contract, endorsements and income after he retires from professional football.

The company said it will create stock that allows the general public to invest in Davis.

In 2010, the tight end signed a five-year deal with the 49ers in which $23 million is guaranteed. His base salary this season is $6 million.

Davis, who is in his eighth NFL season, has 518 receiving yards with seven touchdowns this year.

His endorsements include Force Factor sports supplements and Krave beef jerky.

French said the company will start taking reservations next week on its interest in Foster, to whom the company paid $10 million for a 20 percent share of his future earnings.

The deal was approved by the Securities and Exchange Commission. French said the goal is to begin trading Foster stock by the end of November.49ersBay Area NewsFantex Brokerage ServicesVernon Davis

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

City Administrator Naomi Kelly said Wednesday that the allegations against her husband were “based on the word of a liar.” (Kevin N. Hume/S.F. Examiner)
City Administrator Naomi Kelly takes leave after feds charge husband

High-ranking official under scrutiny over 2016 China trip

High school seniors Shayla and Kayla Bryant receive guidance from 100% College Prep around college admissions. (Courtesy photo)
High school seniors juggling college applications and distance learning

In a final year of high school spent largely online, seniors are… Continue reading

Lyft, owner of the Bay Wheels bikeshare program, stands to receive more than $300,000 in a legal settlement with The City. (Kevin N. Hume/S.F. Examiner)
Supervisors to weigh $330,000 settlement with Lyft over bikeshare dispute

If approved, deal would resolve an 18-month long legal battle over San Francisco’s e-bike market

The J Church train could begin running again later this month on at least part of its surface route. (Mira Laing/Special to S.F. Examiner)
First Muni trains will return to service Dec. 19

Three additional bus routes coming back online in January

Stanford defensive end Thomas Booker recently was one of Pac-12’s Football Players of the Week. <ins>(Pac-12 Screenshot)</ins>
College Football Preview: Oregon at Cal, Stanford at Washington

Cal plays final home game, Stanford plays second of three road games to end regular season

Most Read