Jay-Z, Lil Baby, Meek Mill & Michael Rubin's Fanatics Acquire Mitchell & Ness for $250 Million


The company was acquired from Juggernaut Capital Partners, the acquisition put Rubin with 75%, while other's including Jay-Z, Lil Baby, Maverick Carter, and more in the 25% space.


Jay-Z issued a statement


“Fashion is cyclical, but classics are forever. Mitchell & Ness is a true classic. I was an early adopter of this brand, as well as a part of a departure from athletic wear. I’m proud to play a small role in bringing it back, and in some cases, introducing the authenticity and quality of the Mitchell & Ness brand to a new generation.”



Rubin said in a statement with Complex


“I’m incredibly excited for Fanatics to partner with this incredible group of innovative owners to build upon the company’s already strong business that has kept the brand culturally relevant for more than 100 years,” the Philadelphia 76ers partner and Fanatics CEO said. “Growing up as a kid in Philadelphia, we looked at Mitchell & Ness as a badge of pride, and I truly believe this legendary brand has no limit.”



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