{"id":9746,"date":"2014-03-28T17:45:09","date_gmt":"2014-03-28T17:45:09","guid":{"rendered":""},"modified":"2014-03-28T17:45:09","modified_gmt":"2014-03-28T17:45:09","slug":"would_you_like_to_invest_in_rush","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2014\/03\/28\/would_you_like_to_invest_in_rush\/","title":{"rendered":"Would You Like to Invest in Rush?"},"content":{"rendered":"

\"Listen<\/a><\/p>\n

RUSH: Here\u2019s Stan in Two Guns, Arizona. I tell you, some of the best names of towns in this country are in Arizona. Show Low, Winslow, and now Two Guns, Arizona. How are you doing, Stan?<\/p>\n

CALLER: I\u2019m doing really good, Rush, and 1989 dittos to you.<\/p>\n

RUSH: Thank you, sir, very much.<\/p>\n

CALLER: Hey, before I get to my question, a quick comment, if I may. I definitely appreciate your observations on global warming\/climate change, but you\u2019ve got to stop referring to it as man-made. You\u2019re giving aid and comfort to feminazis all across the world.<\/p>\n

RUSH: So what should I say it is?<\/p>\n

CALLER: Well, human-caused. It\u2019s caused by everybody, females as well as men.<\/p>\n

RUSH: Well, I don\u2019t know that women are playing a role in this. That\u2019s part of the feminazi creed. The women, they\u2019re nurture; they\u2019re not destroying anything. It is man-made destruction. But I get your point, nevertheless.<\/p>\n

CALLER: Okay. All right, sir. Hey, to my question. You\u2019re getting dozens of calls from people calling in about losing their doctors — of which I am one, by the way — and also having trouble finding affordable health care plans under Obamacare. Now, you know lots of influential people; you are an excellent, very smart businessman. How about if you start a health insurance company? Call it Rush to Excellence Health Care. You\u2019re gonna have millions of people join, you\u2019re gonna make lots of money, and the problem will be solved.<\/line><\/p>\n

RUSH: Are you kidding? I\u2019d become the biggest target the Regime would have in its crosshairs.<\/p>\n

CALLER: Well, that\u2019s true, but you would have millions of followers right behind you who would love to join any company that you start. I\u2019m sure you\u2019re all aware of that.<\/p>\n

RUSH: That\u2019s a nice thought, and I appreciate the thinking behind that, but stop and think here for just a second. The whole problem with Obamacare is that nobody can do it right. It is so convoluted that even if I were to try to set up an insurance company, there are laws, guidelines, and so forth, that make it impossible. I have to — just like patients have to — do certain things. The insurance companies have to do certain things. <\/p>\n

They have to make certain things available and nobody has any choice in this. The choice in health care has been stripped from everybody. Now, I don\u2019t know if you\u2019ve heard of about this, and I don\u2019t have it right in front of me, but professional athletes have been talked into something that is somewhat intriguing. What you really are after, Stan, is you want to invest in me. That\u2019s really your goal.<\/p>\n

Your idea was that if I started a health insurance company it couldn\u2019t lose, because I was doing it. It would be mine, and many of people would like to be part of it, and therefore you would like to be part of it and share in the bounty. Now, what you\u2019re really saying is you just like to invest in me. Right now, you can\u2019t. The EIB is not publicly traded. The EIB Network specifically is not publicly traded.<\/p>\n

So there\u2019s no way you can invest in me. Now, there\u2019s a new thing that\u2019s happening with professional athletes just getting started. I\u2019m not sure that I fully understand it. But, for example, Vernon Davis, is receiver for the San Francisco Fort\u2019iners. Vernon Davis is making himself an IPO. He is doing an initial public offering of himself and his earnings. He\u2019s got a contract, so what his future earnings are are stipulated. <\/p>\n

He\u2019s got additional income opportunities with, ah, outside\/ancillary things that athletes tend to have a chance to get into — endorsements, sports broadcasting and commentary. So he\u2019s trying to establish some IPO and allow people to invest in him, as though he were or is a corporation. I don\u2019t have the details, but I think I\u2019m getting it right here. Yes. “IPO Seeks New Way to Trade Star Athletes.” Vernon Davis is first up. I\u2019ll get the basics of this and come back and tell you what he and other athletes are trying to do here and see if something like this might appeal to you.<\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: “Professional athletes frequently get traded to other teams, but San Francisco 49ers tight end Vernon Davis is about to be the first ever to be traded like a stock. Davis, an eight-year veteran of the National Football League, is serving as the litmus test for a risky concept: Whether sports stars should be treated like public companies, whose moneymaking potential can be bought and sold on an exchange by ordinary investors.”<\/p>\n

I\u2019m only mentioning this \u2019cause I know that there are millions of you who would love to be able to invest in me. And you can\u2019t, per se. Now, I understand the desire. But we\u2019re not publicly traded here. Listen to the way this works. There\u2019s an outfit called Fantex, F-a-n-t-e-x. Fantex, Inc. Here\u2019s the way it works: “San Francisco-based Fantex Inc. plans to operate the exchange and will orchestrate Davis\u2019 initial public offering of stock after getting regulatory approval from the Securities and Exchange Commission.<\/line><\/p>\n

“The deal requires Fantex to pay Davis $4 million in exchange for 10 percent of his future earnings, including some of his off-field income. To cover Davis\u2019 fee, Fantex seeks to sell 421,100 shares of stock at $10 apiece. The company hopes to complete the initial public offering in the next few weeks.” This story is dated March 25th, so it\u2019s just recent. Now, Vernon Davis is 30 years old. <\/p>\n

He\u2019s gonna need to make — and I must admit, this sounds kind of shaky to me. Vernon Davis “will need to make more than $40 million just to deliver a small return on Fantex\u2019s investment in him. Fantex is counting on him to earn most of that money after his current contract with the 49ers expires in 2015.” Here\u2019s the risk: Vernon Davis is 30. When you hit 30 is when they begin to start looking at how few years you\u2019ve got left. <\/p>\n

Vernon Davis, for renegotiation, his contract expires 2015. So he will probably start talking to him sometime this year, if they want to keep him, and if he doesn\u2019t get injured — and that will be very important. I mean, if he goes through the season healthfully and has a productive year, then he can score big bucks in his final big contract opportunity with the Fort\u2019iners. <\/line><\/p>\n

If the Fort\u2019iners aren\u2019t willing to pay Vernon Davis what he thinks he can get on the open market, then he\u2019ll choose free agency. I don\u2019t know what his status would be, restricted or full or what have you. But the belief here at Fantex is he\u2019s got one big contract left, if he can get to it and stay healthy, and they\u2019re betting that he will. So they\u2019re gonna give him $4 million in exchange for 10% of what he makes now and whatever that next deal is. <\/p>\n

And he\u2019s betting he\u2019s gonna get a lot of money. So fans are gonna be able to buy stock in Vernon Davis, and as he does well, they will do well. You can buy a share of Vernon Davis at… (interruption) No, don\u2019t hit me with that. Would you please…? (interruption) There\u2019s no slavery here, for crying out loud. How in the world can anybody think that? Vernon Davis stands to make money on this. <\/p>\n

There\u2019s some people saying, “What do you mean, selling Vernon Davis?” Don\u2019t even go there. You want to talk about capitalism? What did that priest call it, “radical capitalism”? This not radical capitalism. Anybody\u2019s got a choice. If you want to invest in Vernon Davis, you can buy a share of stock in him for 10 bucks, and you\u2019re betting that his earnings are gonna skyrocket just like everybody else buying stock hopes that\u2019s gonna happen in the company they invest in. What\u2019s new here is that it is an individual and not a corporation, even though he may be incorporated as Vernon Davis Inc. or whatever. But it\u2019s an individual, and he\u2019s getting $4 million from the exchange for 10% of everything he earns, and I\u2019m sure that\u2019s pretax. <\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: Here\u2019s Stan in Two Guns, Arizona. I tell you, some of the best names of towns in this country are in Arizona. Show Low, Winslow, and now Two Guns, Arizona. How are you doing, Stan? CALLER: I\u2019m doing really good, Rush, and 1989 dittos to you. RUSH: Thank you, sir, very much. 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