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Seeking Alpha 2021-08-19 20:20:26

Topps trading card SPAC Mudrick Capital falls on report of MLB deal with Fanatics

Topps trading card SPAC Mudrick Capital II (NASDAQ:MUDS) fell 2.2% on a report that Major League Baseball and the players union agreed to a new contract with Fanatics (FANA), which would replace Topps. MLB and the MLB Players Association signed a new agreement with a new company controlled by Fanatics, according to a WSJ report, which cited people familiar. The MLBPA deal begins in 2023 and the MLB's current contract with Topps goes through 2025, according to the report. The new deal is more than 10 times larger than any deal the union has ever signed before. Mudrick Capital (MUDS) is expected to take Topps, who's chairman is former Disney CEO Michael Eisner, public in a de-spacing deal by the end of the month following a shareholder vote next week. Topps yesterday reported strong growth numbers in its earnings release. Fanatics last week, according to media reports including CNBC, raised $325M in its latest

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Topps trading card SPAC Mudrick Capital falls on report of MLB deal with Fanatics

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