Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Mike Mahan"


7 mentions found


LeBron James is moving his trading card sponsorship to Fanatics Collectibles after more than 20 years with rival Upper Deck. Fanatics will kick off the deal by selling a unique Bowman brand card featuring a dual autograph of the National Basketball Association legend and his son Bronny. The multiyear deal will mean new inventory of signed James trading cards. It also shakes up the balance of power in the recently revived sports memorabilia and trading card industry. Fanatics Collectibles, under Michael Rubin's $31 billion sports platform company Fanatics, purchased Topps in 2022 for $500 million.
Persons: LeBron James, Bronny, James, James hasn't, Mike Mahan, Michael Rubin's Organizations: Bowman, National Basketball Association, Topps
One of the most anticipated yearly releases for baseball card collectors is the Topps Bowman Draft set, the first time MLB draftees are featured on a card. While the odds of a prospect making the majors are historically low, the chance for collectors to get the first card of a potential Hall of Famer makes it one of the most popular trading card sets under the Topps umbrella. But there was one MLB draftee who was a lock for the Hall of Fame, albeit in another sport: Tom Brady. Brady, well-known for his NFL career, was drafted in the 18th round of the 1995 MLB Draft by the Montreal Expos. When Mike Mahan, CEO of Fanatics Collectibles — the arm within Fanatics that oversees Topps and its cards and collectibles business — heard that Brady never had a baseball card, it fit perfectly into what the company is trying to do with trading cards.
Persons: Tom Brady, Brady, Mike Mahan, , Mahan, Dick Clark Organizations: Topps, Major League Baseball, of Famer, MLB, Hall of Fame, NFL, Montreal Expos, Dick Clark Productions
Fanatics has seen that area of its business grow to more than $5 billion in annual sales, a key driver of its increasing overall revenue and valuation. The slew of recent executive appointments moves Fanatics closer to Rubin's goal of an eventual IPO as its business continues to expand beyond sports merchandise. Low Ah Kee is replacing Doug Mack, who has served as Fanatics Commerce CEO since 2014 and announced last month that he would be retiring at the end of 2023. Fanatics said Mack will work with Low Ah Kee for the remainder of the year and then will shift into a special advisory role for Rubin and the company. Opendoor announced last December that Low Ah Kee was leaving the company.
Persons: Justin Berl, Andrew Low Ah Kee, Michael Rubin, Low Ah Kee, Matt King, Dick Clark, Mike Mahan, " Rubin, Rubin, Deborah Crawford, Ah Kee, Doug Mack, Mack, Opendoor, Kee Organizations: Pittsburgh Pirates, Milwaukee Brewers, PNC Park, Commerce, Mitchell Locations: Pittsburgh , Pennsylvania, U.S, Meta
MLB trading card partner Fanatics has plans for new rookie card features this season as part of a bigger plan to increase the value of Topps baseball cards for collectors. "Fanatics is focused on the best experience for the fan, and collectibles is focused on the best collector experience," said Fanatics Collectibles CEO Mike Mahan. After the game, the patch will be authenticated and placed directly onto their rookie card in a future Topps set. While the sports trading card industry had seen growth in recent years, the pandemic put the hobby into overdrive. Cards across sports have been selling for record prices, including a $12.6 million sale for a 1952 Topps Mickey Mantle rookie card, the highest price ever paid for a trading card.
Fanatics sees the potential for success thanks in large part to its internal database of some 90 million sports fans, said Mr. Bell. It will host video events led by digital content creators and influencers who focus on trading cards. Much of the initial content will focus on “breaking,” in which creators will open new boxes of trading cards live on camera and sell them to followers. Viewers will be able to buy cards directly from Fanatics’ app or website, with the company taking a portion of that sale, said Mr. Bell. Fanatics’ valuation reached $31 billion in December after a $700 million fundraising round led by private-equity firm Clearlake Capital Group LP.
The Washington Post | Getty ImagesFanatics is moving into livestreamed shopping around collectibles and trading cards, hiring a former Snap and Alphabet executive to launch its new business later this year. Fanatics Live, which will have a standalone app and a coinciding website, plans to launch in the second half of 2023. Only 31% of U.S. adults have even heard of live shopping, with just 22% saying they've participated in a live shopping event, according to a December poll by Morning Consult. Ebay, which said it saw trading card sales increase 142% in 2020, acquired trading card marketplace TCGPlayer for $295 million in August. While Fanatics Live could move into other forms of entertainment and collectibles over time, it will solely focus on trading cards initially.
Jacksonville, Fla.-based Fanatics said this week that Greg Abovsky started as chief financial officer for the collectibles business earlier this month. As CFO, Mr. Abovsky plans to build out the division’s finance team and its trading card business as it looks to expand. Fanatics plans to expand its portfolio into culture and entertainment cards, said Mike Mahan, chief executive officer of the collectibles business. Fanatics expects its collectibles business will fare well in the coming years, despite the threat of a potential downturn. Both Mr. Abovsky and Mr. Mahan declined to comment on if and when Fanatics could list on the public markets.
Total: 7