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“Michael Rubin’s Fanatics valued at $31B after new round of financing” Sports platform Fanatics has raised $700 million in a new financing round led by private equity firm Clearlake Capital, valuing Fanatics at $31 billion, sources familiar with the matter said on Tuesday. LionTree and existing investors Fidelity, Sliver Lake and Softbank also participated in the round, the sources…
“#Topps deal to go public scrapped after MLB ends 70-year-old trading card deal” A deal to take the Topps Co. public has been scrapped after Major League Baseball said it won’t renew its exclusive, 70-year-old relationship with the trading-card company. On Friday — a day after MLB announced its surprise decision to jilt Topps in…
“#SEC boss Gary Gensler has few regulatory bullets on crypto: lawyer” Gary Gensler’s ambition to regulate the “Wild West” of cryptocurrencies is on a collision course with something he can’t regulate: more than seven decades of case law. That was the consensus among securities lawyers with whom I spoke following Gensler’s pronouncement last week that…
“#Man who died from COVID left family baseball cards worth $20mil” A Florida doctor who died from COVID-19 complications in January left his family a lot of baseball cards worth $20 million. Dr. Thomas Newman’s treasure trove — featuring cards of Honus Wagner, Ty Cobb, Babe Ruth and Lou Gehrig — is going to be…
“#Baseball card maker Topps to go public in $1.3 billion deal” Baseball cards, Bazooka bubble gum and SPACs go together now. Topps, the iconic sports trading card manufacturer, said Tuesday it plans to take itself public in a deal that values its business at $1.3 billion with the help of a special purpose acquisition company,…
“#The baseball card market is thriving thanks to COVID-19” Forget the anxiety of the stock market, savvy investors are looking to Mickey Mantle. Baseball cards are a safe, reliable way to grow your investment portfolio, according to a new report, the Daily Mail reported. And it’s all about blue-chip names like Yankee legend Mantle. In…