Sports Business : Online merchandise and equipment retailer Fanatics now valued…

first_img Euro 2020, Switzerland vs Turkey LIVE: Shaqiri doubles Switzerland’s lead after Seferovic opener at HT; Follow Live Updates Latest Sports NewsSportSports Business WTC Final IND vs NZ: Virat Kohli displays his dancing skills on the beats of Bharat Army’s Dhol; Watch video Cricket Formula 1 BCCI to form committee to take call on compensating domestic cricketers TAGSFanatics Online merchandise companyFanatics raise $350Mnorld’s most valued sports company.World’s biggest merchandise companySports Business SHARE Previous articleCristiano Ronaldo buys a new car worth 75 Cr, check his entire car collectionNext articleWWE RAW Preview: WWE provides update on Rey Mysterio’s possible return this week on RAW Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. Cricket Football Sports merchandise giant Fanatics has reportedly raised a further US$350 million as part of a Series E funding round that sees the company’s valuation soar from US$4.5 billion to US$6.2 billion.The injection of capital, which closed yesterday, is reportedly the last round of financing for Fanatics as a private company, with the online retailer poised to go public in the near future, according to the Wall Street Journal. Cricket WI vs SA 2nd Test Day 3 Live: Roach removes Markram in the first over; SA 5/1 (2 ov) – Follow Live Updates Cricket Tokyo Olympics: Deepika Kumari to be sole entry to Tokyo Games as Indian women’s recurve team fails to qualify Cricket Share on Facebook Tweet on Twitter Latest Sports News Euro 2020 LIVE broadcast in more than 200 countries, check how you can watch Live Streaming of EURO 2020 in your country Latest Sports News PSL 2021 Playoffs: Schedule, Timing, LIVE streaming, list of champions; all you need to know VOIP | Search AdsVoIP Phones May Have Americans SwitchingVOIP | Search Ads|SponsoredSponsoredUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny|SponsoredSponsoredUndoDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsoredUndoYourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredUndoDefinitionAge Has Finally Caught Up To These CelebsDefinition|SponsoredSponsoredUndoJustPerfact USAMan Decides to File for Divorce After Taking a Closer Look at This Photo!   JustPerfact USA|SponsoredSponsoredUndo by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeCapital One ShoppingThis hack can uncover JOANN discounts you don’t know aboutCapital One ShoppingUndoMicrosoftBring your desktop to life with Bing WallpaperMicrosoftUndocio.comUnlocking the Success of Digital Transformation with Active Intelligencecio.comUndoThe investment round was led by financial services company Fidelity and Thrive Capital, with participation from investment firms Franklin Templeton Investments and Neuberger Berman Group. Citing sources close to the deal, the WSJ said Fanatics initially wanted to raise $250 million but the deal was oversubscribed, leading to the final $350 million. Sports Business : Fanatics generated revenue of around $2.5 Billion in 2019The company plans to use the new funding to accelerate its direct-to-consumer commerce strategy, through additional rights acquisitions and mergers.The increase valuation of the company will benefit American football’s National Football League and baseball’s Major League Baseball, which collectively invested $150 million in the firm in 2017. Other Fanatics investors include e-commerce giant Alibaba and Japanese conglomerate SoftBank Group. Florida-based Fanatics, which is led by executive chairman Michael Rubin, has raised around $1.5 billion since 2011, expanding rapidly by signing long-term e-commerce and merchandising deals with a host of major sports properties within the US and internationally. Last year, it generated revenues of around $2.5 billion and has since seen its e-commerce operations rise 30 per cent this year during the coronavirus pandemic shutdown of sports. Tokyo Olympics: BCCI provides fuel in Indian Olympic flame, to contribute Rs 10 crore Sports Business : Online merchandise and equipment retailer Fanatics now valued at $6.2 Billion Football F1 French GP 2021: Max Verstappen pips Lewis Hamilton to win French GP, Perez finishes 3rd By Kunal Dhyani – August 15, 2020 Facebook Twitter RELATED ARTICLESMORE FROM AUTHOR WTC Final Live- Ind vs NZ: Kyle Jamieson bags 5th five-wicket haul in 8th Test, rattles India in WTC finallast_img

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