Fanatics buys PWCC

[slightlyrounded]

Whelp, there goes the neighbourhood.

https://www.actionnetwork.com/genera...s-collectibles

[butchie_t]

This will be interesting to follow. Not sure where this fits into Fanatics business model. But they are gonna have to do some fence mending as it pertains to PWCC.

Interesting times indeed.

B. Turner

[Exhibitman]

Originally Posted by butchie_t

But they are gonna have to do some fence mending as it pertains to PWCC.

It is gonna be interesting to see how they burnish that turd.

[mrreality68]

Wow the market is consolidating and Fanatics is now in online auctions.

I wonder if they truly looked at PWCC full access

[Casey2296]

I thought this was an interesting part;

At the height of the card craze, vault members were allowed to take out loans against their vaulted cards, using those cards as collateral.

That helped light the card market on fire as some of those people then took their loan money to buy more.

But when the market plummeted, there were enough of those people who just said, “I’ll keep my money, you keep my cards.”

[Peter_Spaeth]

The article refers to the vault in the past tense?

[Jay Wolt]

The article stated "undisclosed sum" wonder what the # was?
& will Brent & Betsy go off in the sunset or will they try something else in the hobby?

[theshowandme]

Fanatics can now take cards fresh off the presses with defects, use PWCC certified trimmers, get them over to some buddies at PSA, and move cards through auctions.

Brilliant move

[Peter_Spaeth]

Originally Posted by theshowandme

Fanatics can now take cards fresh off the presses with defects, use PWCC certified trimmers, get them over to some buddies at PSA, and move cards through auctions.

Brilliant move

How great would it be if the flips identified the trimmer? PWCC-GM.

[savedfrommyspokes]

Originally Posted by Jay Wolt

The article stated "undisclosed sum" wonder what the # was?
& will Brent & Betsy go off in the sunset or will they try something else in the hobby?

Rumors exist that "Brentsy" will soon become Brent and Bestsy, as they were before marriage. As they were both partners in this organization, guessing this is the easiest way for both to leave the ownership of this organization with a good amount of $$$.

This buy-out might be a better explanation for the release of 30 employees last month....highly unlikely Brent decided to sell right after the layoffs and follow-up with discussing the organization's upcoming streamlining plans for no reason. This buy-out has clearly been in the works for a while. My guess is that Brent will stay on(as a non-owner), at least for a while.

Take the rumor's source for what it is worth:
https://www.youtube.com/watch?v=cqa1TKAikYE

[Peter_Spaeth]

That's a very long relationship, I seem to recall Brent had a picture of he and Betsy on his listings way way back in the day when they were not much older than kids. Things happen I guess.

[glchen]

Originally Posted by Casey2296

I thought this was an interesting part;

At the height of the card craze, vault members were allowed to take out loans against their vaulted cards, using those cards as collateral.

That helped light the card market on fire as some of those people then took their loan money to buy more.

But when the market plummeted, there were enough of those people who just said, “I’ll keep my money, you keep my cards.”

This is the thing that caught my eye also.