Sure, raising capital is an option. However, at the end of 2022, fanatics said they no longer needed to raise capital. My guess is that there is very little interest from investors. Take into consideration that currently, fanatics ownership control of the company is, at best, somewhere in the range of 65 percent. The remaining 35 percent is controlled by entities such as mlb, nfl, the players unions, Blackrock, and others. In addition, all four of their core businesses, apparel, gambling, lids, and topps are all either flat or losing money. It's probably why no one is interested in rubins attempt to sell a billion shares of his private equity stock or that fanatics keeps delaying its ipo. Trust me when I say there's real danger here, especially with a rapidly slowing economy. To see the world in a grain of sand Or a heaven in a wild flower Hold infinity in the palm of your hand Or eternity in an hour. In laymans terms: observation and action are essential. Without it, we become blind to the world all around us.
I find it hard to believe that a company with $5 billion in revenue, a monopoly in two different industries, and a recognizable brand, and where the main problem is debt would not have any interested investors. The only question is at what valuation. But that’s just me. Everyone is entitled to their opinion.
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Sure, raising capital is an option. However, at the end of 2022, fanatics said they no longer needed to raise capital. My guess is that there is very little interest from investors.
Take into consideration that currently, fanatics ownership control of the company is, at best, somewhere in the range of 65 percent. The remaining 35 percent is controlled by entities such as mlb, nfl, the players unions, Blackrock, and others.
In addition, all four of their core businesses, apparel, gambling, lids, and topps are all either flat or losing money. It's probably why no one is interested in rubins attempt to sell a billion shares of his private equity stock or that fanatics keeps delaying its ipo.
Trust me when I say there's real danger here, especially with a rapidly slowing economy.
To see the world in a grain of sand
Or a heaven in a wild flower
Hold infinity in the palm of your hand
Or eternity in an hour.
In laymans terms: observation and action are essential. Without it, we become blind to the world all around us.
I find it hard to believe that a company with $5 billion in revenue, a monopoly in two different industries, and a recognizable brand, and where the main problem is debt would not have any interested investors. The only question is at what valuation. But that’s just me. Everyone is entitled to their opinion.