Fanatics

Fanatics founder and CEO Michael Rubin at his office in New York.The Washington Post | Getty ImagesSports merchandise giant Fanatics is firing back against sportsbook giant DraftKings in an ongoing legal fight over Fanatics' hiring of a top DraftKings executive.In a legal brief filed late Thursday in U.S. District Court in Massachusetts, Fanatics accuses DraftKings of distorting reality and character assassination of its former senior vice president of business development, Michael Hermalyn.In February, Hermalyn accepted…

Bhushan Kumar with his Ferrari. (Photo: Cartoq)Ferrari started business in 1939. Despite its limited numbers & high prices, celebrities & industry experts in Bollywood have not hesitated to splurge on it.When one thinks of fashionable luxury cars, one automatically thinks of a Ferrari.The Italian luxury car brand is notable in pop culture for its blazing red sleek cars that ooze sophistication and wealth. For decades now, the rich and powerful have been purchasing Ferraris as a status symbol.Auto enthusiasts love…

LeBron James signs with Fanatics Collectibles in a trading card deal, leaving Upper Deck after 20 years.Courtesy: FanaticsLeBron 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. It will be available for retail beginning Jan. 19.The multiyear deal will mean new inventory of signed James trading…

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Michael Rubin, the billionaire CEO of Fanatics, splits his time between three primary residences—four, if you count the new $70 million pied-à-terre in the Hollywood Hills, overlooking downtown Los Angeles. Tuesdays through Thursdays are reserved for his penthouse in New York’s Greenwich Village, not far from the main Fanatics headquarters. Thursday nights, it’s back to Philadelphia, where he grew up, and where his eldest daughter is finishing high school—unless it’s summer, in which case Rubin decamps to his…

WNBA and MLB players take part in Fanatics' weeklong business immersion program.Source: FanaticsFanatics is helping professional athletes transition to life after the final buzzer — or pitch, or whistle.The company is expanding a pilot program to offer business education and exposure to players with the WNBA and MLB via a partnership with the University of Southern California. Through the one-week immersion program, players get in-classroom learning combined with hands-on experiences in Fanatics' different business…

Pavlo Gonchar | Lightrocket | Getty ImagesFanatics will launch a new live events business that will look to recreate the Comic-Con experience for sports collectibles, the company said Thursday.The new venture, called Fanatics Events, will be a partnership with events and talent management giant IMG, which is part of Endeavor. Fanatics will be the majority owner.Fanatics, which had been known primarily as an e-commerce platform, has sought to diversify its business as it moves toward an initial public offering. Last month,…

Fanatics founder and CEO Michael Rubin at his office in New York.The Washington Post | Getty ImagesFanatics has raised the stakes as it looks to acquire PointsBet's U.S. business.The sports platform company increased its offering by 50% to $225 million in an effort to outbid DraftKings, which made a non-binding offer of $195 million earlier this month.PointsBet shareholders will formally vote on the new offer Thursday night."The Board unanimously supports the improved proposal from Fanatics Betting and Gaming, which…

Omar Marques | LightRocket | Getty ImagesSports gambling powerhouse DraftKings has made a $195 million, all-cash offer for PointsBet's U.S. assets, it said on Friday, topping an earlier bid by Fanatics.Last month Fanatics agreed to buy the Australian company's U.S. operations for $150 million in an effort to boost its presence in sports gambling."While we continue to focus on operating more efficiently and driving substantial organic revenue growth in the United States, we will also look to prudently capitalize on…

New York, NY. - December 7th. Portrait for a profile on Fanatics founder & CEO Michael Rubin at his office in downtown NYC.The Washington Post | Getty ImagesFanatics held its second investor day in nearly a year as the company quietly moves closer to an initial public offering, a source familiar with the matter tells CNBC.More than 100 existing and prospective institutional investors from major firms such as Goldman Sachs and Barclays gathered Tuesday for the meeting at the NBA Players Association headquarters in New…