MLB will end 70-year deal with trading card company Topps

Major League Baseball will abandon Topps as its partner for trading cards, ending a relationship that's been in place since 1952.

MLB renewed its deal with Topps in 2018, and the existing deal ends in 2025. The MLB Players Association deal also aligns with the league, so its deal would end, too. Topps was a public company before being taken private following a $385 million deal in 2007. The company was founded in 1938 and became well known for its distribution of trading cards, including the 1952 Mickey Mantle card which sold for $5.2 million last January. With MLB out, Topps is left with licensing deals with leagues including Major League Soccer and the National Hockey League.

And topps goes out of business

matt_kohrs TradesTrey remember Fudrick?

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Topps SPAC merger with Mudrick Capital dies because MLB killed 70-year-old trading card dealTopps had been the trading card partner of Major League Baseball since 1952. Its SPAC merger with Mudrick Capital just blew up. MLB's losing relationship with Topps. Such baseball cards for trading out of supply. A large fraction of total revenue LIABLY LOST.☹️
La source: CNBC - 🏆 12. / 72 Lire la suite »

The Day Topps Lost Its 70-Year Grip on the Baseball-Card Market—and Its Billion-Dollar SPACTopps was blindsided Thursday as its longtime business partners—MLB and its baseball players' union—struck exclusive trading-card agreements with a new company controlled by Fanatics Inc. Here's how the industry-rattling deal unfolded. this is terrible news Pretty lame of all three leagues to not at least give Topps a chance to compete. COVIDPunksNFT are the new collectibles
La source: WSJ - 🏆 98. / 63 Lire la suite »