Maybe I'm not understanding this correctly but this sounds similar to a "360 deal" in the music industry, which is widely considered a bad idea.
They pay you upfront (in music this would cover production costs, marketing, etc.) and then they get a portion of EVERYTHING you do. Tours, merchandise, CD sales, endorsements, everything.
It doesn't mention anything about the length of the deal...in fact, it says something about him becoming a broadcaster or owning a franchise "like Magic Johnson". Magic is in his 50s and earned the majority of his fortune after his playing career was over. If his deal is that long he completely fucked himself.
Every investment Arian makes, any jobs he holds, everything is being taxed by this deal. Why take a $10 million loan unless you plan on investing it?
If the limit on this deal is as long as it implies, this looks like a terrible idea.
They pay you upfront (in music this would cover production costs, marketing, etc.) and then they get a portion of EVERYTHING you do. Tours, merchandise, CD sales, endorsements, everything.
It doesn't mention anything about the length of the deal...in fact, it says something about him becoming a broadcaster or owning a franchise "like Magic Johnson". Magic is in his 50s and earned the majority of his fortune after his playing career was over. If his deal is that long he completely fucked himself.
Every investment Arian makes, any jobs he holds, everything is being taxed by this deal. Why take a $10 million loan unless you plan on investing it?
If the limit on this deal is as long as it implies, this looks like a terrible idea.