After reading the fine print on the Fanstake website I have questions and concerns. It says that if a player or recruit commits to attending/transfering to/remaining at your chosen school Fanstake will attempt to enter into an NIL contract with the player. However it also says that Fanstake alone will determine the amount of the contract offered. So if 100 people put $100 each into JJeff for example, what is to stop Fanstake from offering a $2000 NIL contract to JJeff and pocketing the rest? They clearly say that they are for profit and they clearly state that they will take a cut. Is there any transparency here?Great perspective. Two things. The staff is really good at this and identifies players that fit what they are looking for and any dollars raised gives them more ability to close the deal.
If you want to support a specific athlete, go to fanstake.com and you can directly invest in a specific player. Use the word CYCLONE for a free $25 to use. Showing love to the current players has already been very helpful in that space.
What is your experience with Fanstake? How much of what is pledged do they offer and how much are they pocketing in fees?