Fanatics buys PWCC

[stlcardsfan]

Originally Posted by Peter_Spaeth

Not to mention the reps and warranties.

I wonder if “shill” and “trim” are defined terms.

[raulus]

Originally Posted by stlcardsfan

I wonder if “shill” and “trim” are defined terms.

We can only speculate…but as long as we’re speculating…

I didn’t write the docs on this one, but I’m guessing they probably stuck to broad concepts like fraud rather than trying to get too specific.

But maybe they used both!

[Exhibitman]

If PWCC was in a debt squeeze I'd guess Fanatics got it for nothing more than the debt. As for which TPG it will buy, I say BGS. Beckett spins off a division and still has its information empire, and BGS has a good following among the shiny crapsters, which is what Fanatics is all about. SGC isn't shiny or crappy enough.

[BeanTown]

Originally Posted by Exhibitman

If PWCC was in a debt squeeze I'd guess Fanatics got it for nothing more than the debt.

Plus, the percentage of the debt they would actually have to pay the debtors would be a fraction of what was actually owed. I’m sure who guaranteed it, along with what role the debtors play going forward with their new business model, has a lot to do with what the percentage of monies owed to them, would be paid. Basically a per case basis.

[BeanTown]

Knew something was happening a while back when you see post like this.

[jchcollins]

Originally Posted by BeanTown

Knew something was happening a while back when you see post like this.

And - I guess typical. Brentsy has comments turned off on that LinkedIn post.


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[JustinD]

Originally Posted by Exhibitman

If PWCC was in a debt squeeze I'd guess Fanatics got it for nothing more than the debt. As for which TPG it will buy, I say BGS. Beckett spins off a division and still has its information empire, and BGS has a good following among the shiny crapsters, which is what Fanatics is all about. SGC isn't shiny or crappy enough.

I think you hit it on the head..."troubled asset".

This was a get out plan if I have ever saw one. It's just my thoughts, but buying like this gives me pause on not expecting anything other than "chapter" followed by one of 3 different numbers in a press release concerning Fanatics in a little more than a decade.

I expect a TPG buy also and BGS would not be out of the picture. You can see that already in the history of Topps Vault. They have already sold Beckett slabbed 1/1s, proofs, blank backed and whatever else they could drum up in the past. The new release slabbed 1/1s and proofs would often get listed multiple times just to get a starting bid price. It's an idea that will fizzle quickly.