Fanatics buys PWCC

Exhibitman · #1 05-23-2023, 06:30 PM

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 · #2 05-23-2023, 07:28 PM

Quote:

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 · #3 05-23-2023, 07:46 PM

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

jchcollins · #4 05-24-2023, 02:40 PM

Quote:

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.

Sent from my iPad using Tapatalk

JustinD · #5 05-24-2023, 09:43 AM

Quote:

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.

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