Not Quite Main Street's Fantasy Football

Fueled by hedge-fund types, Wall St. league boasts $1M purse
By Clay Dillow,  Newser Staff
Posted Oct 17, 2008 2:28 PM CDT
Not Quite Main Street's Fantasy Football
Financial crisis got you down? Putting $100K on some smashmouth football might take your mind off it.   (AP Photo)

While the world suffers through financial meltdown, some of the world’s wealthiest money managers are easing the mood by competing in one of Wall Street’s most exclusive boys clubs: A $1 million fantasy-football league. Hedge-fund titans predominate among owners, who pay $100,000 annually for their teams—and there’s a waiting list to score one of the 10 squads, the Journal reports.

Winner gets $600,000, with $300,000 for second place and $100,000 for third; participants say all winnings go to charity from a league several zeroes removed from the average. One participant says the usual smack talk is at an ebb this season: “The last thing you want to do is talk about the financial crisis. But I would all bet we're all spending a lot less time on football these days.” (More Wall Street stories.)

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