Is Fanatics going to buy Topps?

Fanatics, a global sports platform and digital retailer, announced Tuesday that it has completed its purchase of Topps' sports and entertainment division, which includes all parts of its trading cards and collectibles business.

Will Fanatics keep the Topps name?

“Their iconic brand, commitment to product excellence and passionate employees worldwide will allow us to immediately serve our league and players' association partners and our fans.” Fanatics plans to keep the Topps brand, which has been synonymous with baseball cards for the past 70 years.

How much did Fanatics pay for Topps?

It looks like Fanatics Inc. got a bargain with its acquisition of the trading card business of the Topps Co. Jacksonville-based Fanatics announced the deal Jan. 4 without disclosing the price, but The Wall Street Journal and other financial news outlets reported the sports merchandise company paid $500 million.

Is Fanatics taking over sports cards?

Fanatics had already acquired licensing rights for baseball cards, a Topps stipend for more than half a century, but will now be able to produce and distribute them years ahead of its original five-year plan, expected to begin after the 2025 season.

What does Fanatics buying Topps mean?

Buying Topps allows Fanatics to get in on the baseball card action immediately. It will no longer have to wait until 2026.

Fanatics BUYS Topps ? The Takeover Is Here!

Who is replacing Topps?

The Wall Street Journal is reporting Fanatics will acquire the Topps sports and entertainment division from private equity firm Madison Dearborn Partners and former Disney head Michael Eisner's Tornante firm for $500 million–a decent return on the $385 million paid by Madison Dearborn Partners and Tornante in 2006, but ...

Who is buying Topps?

After more than 70 years years atop the trading card business, Topps trading cards has relinquished its throne. The e-commerce company Fanatics acquired Topps on Tuesday, and the deal is worth "roughly" $500 million, CNBC reported.

Is Topps going away?

The deal follows the loss of Topps's licensing agreement with Major League Baseball and the Major League Baseball Players Association to Fanatics.

Will there be Topps baseball cards in 2022?

2022 Topps Series 1 Baseball Checklist Overview

The 2022 Topps Series 1 Baseball base set is 330 cards, the same as the past couple of years. Traditional player cards make up the majority of the checklist but team cards, Future Stars and League Leaders are there as well.

Will Topps be making baseball cards in 2022?

Again offering 330 cards in the base set, 2022 Topps Series 1 Baseball features top players, League Leaders and team cards along with the rookies and Future Stars.

Who bought out Topps baseball cards?

Michael Rubin's e-commerce company Fanatics has acquired Topps trading cards, sources close to the deal confirmed to CNBC on Monday night. Terms of the agreement were not available, but industry sources put the deal at roughly $500 million.

What company did Fanatics buy?

Fanatics, known for its sports apparel and more, has teamed up with a host of celebrities, including the rapper Jay-Z and the D'Amelio family of TikTok fame, to buy the brand merchandising company Mitchell & Ness in its latest deal to expand its sports merchandise empire.

Who purchased Fanatics?

Michael Rubin's sports apparel brand Fanatics and a celebrity-filled group of investors featuring Meek Mill have agreed to purchase Philly-based Mitchell & Ness. Michael Rubin's Fanatics sports apparel empire will now be home to one of Philadelphia's oldest clothing brands.

Was Topps sold?

CEO Michael Eisner in 2020. Former Walt Disney Co. Chief Executive Michael Eisner has sold the Topps trading card business to merchandising giant Fanatics after losing its key Major League Baseball license.

How much is the Topps company worth?

Topps, the trading card company, is going public in a deal that values it at $1.3 billion.

Will Topps make baseball cards in 2023?

Its deal with MLB Players Association was set to begin in 2023, with its deals with MLB, the NBA and its players association and the NFL Players Association taking affect in 2026. Now the new Fanatics Trading Cards company will begin manufacturing and distributing baseball cards under the Topps brand immediately.

Does Target have 2022 Topps?

Topps presents the 2022 Series 1 blaster box! This box includes 7 foil packs with 14 cards per pack! Each box contains 1 exclusive Commemorative Relic card, guaranteed!

What is the rarest baseball card 2022?

In 2022, the undisputed king of baseball cards is the Honus Wagner T206 card. A copy of this extremely rare card sold last year for more than $6.6 million dollars, making it the most valuable sports card ever sold.

How many 2022 Topps baseball cards are there?

Sports Card Investor also tracks a total of 543 card in the 2022 Topps set.

What will Topps do without baseball?

With MLB out, Topps is left with licensing deals with leagues including Major League Soccer and the National Hockey League. Meanwhile, MLB will turn to Fanatics in some capacity to produce physical trading cards.

Why are there no Topps baseball cards?

In August 2021, MLB announced that they were cutting an exclusive deal with the sports company Fanatics. After the old deal with Topps expired, Fanatics would be the exclusive licensee for official MLB baseball cards. Panini, too, would lose out on its contract for player images and names on their cards.

Did Topps lose MLB contract?

Topps loses its licensing deal for baseball cards and tears up its plan to go public. Major League Baseball and the Major League Baseball Players Association are ending their agreement with Topps in favor of one with Fanatics, an upstart sports collectible company.

What card brands does Fanatics own?

Each group holds equity in the new Fanatics card company. The shocking development marks a big shift as all three professional card licenses are currently exclusives. Topps holds the MLB/MLBPA license and Panini holds the MLBPA, NBA/NBPA and NFL/NFLPA licenses.

What sport sells the most cards?

Football cards are among the most popular cards out there, along with baseball and basketball cards. Other popular sports for sports cards include soccer, golf, hockey, tennis, and even auto racing.