• Loading stock data...
Monday, June 30, 2025

Fanatics to Acquire Topps

  • Fanatics is buying Topps, sources confirmed to Front Office Sports.
  • Fanatics will be able to start producing MLB cards when the deal closes.
Fanatics-Topps
Fanatics/Design: Alex Brooks

First Fanatics supplanted Topps, the biggest name in trading cards. Now it’s buying Topps, sources confirmed to Front Office Sports.

The deal is for around $500 million, according to the Wall Street Journal. Topps posted $550 million in 2021 revenue, with an EBITDA of $160 million.

Topps held the rights to produce Major League Baseball trading cards for 70 years, but Fanatics won the contract from Topps last August. Fanatics was to take over MLB card production in 2026, after Topps’ deal expired the previous year, but will be able to begin doing so immediately on completion of the deal.

The deal is for Topps’ physical and digital trading card business, but does not include its candy or gift card segments.

  • In addition to its agreements with MLB and the MLBPA, Fanatics has recently scored trading card deals with the NBA, NBPA, and the NFLPA. Each organization will hold equity stakes in the new organization. 
  • Topps still holds rights deals with Bundesliga, MLS, Formula 1, and UEFA.
  • Fanatics Trading Cards raised $350 million in October at a $10.4 billion valuation. Its NFT platform, Candy Digital, was valued at $1.5 billion after a $100 million Series A round that same month. 

More to Come?

Fanatics has not been shy about its ambitions. It has explored acquiring a sportsbook and is reportedly interested in buying into the regional sports network business.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Rob Manfred, Commissioner of the MLB, speaks to the media during Cactus League media day at the Arizona Biltmore on Feb. 18, 2025, in Phoenix.

Manfred, MLB Owners Pitch Directly to Players Ahead of CBA Expiration

Owners see a disconnect between union leadership and individual players.

The Battle Over Wimbledon’s Ambitious Expansion Plan

A classic NIMBY standoff on one of the most hallowed grounds in sports.
Seattle Rough & Tumble

Women’s Sports Bars Are on the Rise. Survival Isn’t Guaranteed

Some women’s sports bars are cashing in. Others are clawing for funding.

Shitposters Have Taken the Reins of Pro Sports’ Official Voices

Meet the social media pros turning sports teams into internet trolls.

Featured Today

Jun 17, 2025; Sunrise, Florida, USA; Florida Panthers center Sam Reinhart (13) hoists the Stanley Cup after winning game six of the 2025 Stanley Cup Final against the Edmonton Oilers at Amerant Bank Arena

Stanley Cup’s International Summer Tour: Rules, Repairs, and Raucousness

No pro trophy tour compares to the NHL’s three-month global victory lap.
Mar 15, 2025; Fort Worth, TX, USA; UAB Blazers forward Yaxel Lendeborg (3) dribbles the ball upcourt against the North Texas Mean Green during the first half at Dickies Arena
June 22, 2025

NIL Is Shrinking the Pool of NBA Draft Entrants

Agents are now advising many players to stay in school.
Apr 24, 2025; Green Bay, WI, USA; Penn State Nittany Lions defensive end Abdul Carter on the red carpet before the 2025 NFL Draft at Lambeau Field
June 21, 2025

‘More Is More’: The Elite Luxury Jewelers Decking Out Athletes

Meet the elite group of luxury designers crafting the biggest statement pieces.
Dec 5, 2024; Miami, FL, USA; FIFA president Gianni Infantino presents the FIFA Club World Cup trophy during the Club Word Cup draw at Telemundo Studios.
June 15, 2025

Revamped Club World Cup Is FIFA’s Billion-Dollar Gamble

The revamped soccer event debuts amid controversy.
Apr 26, 2025; San Francisco, California, USA; Houston Rockets guard Fred VanVleet (5) before game three of first round for the 2024 NBA Playoffs against the Golden State Warriors at Chase Center.

Rockets Get $20 Million in Wiggle Room From New VanVleet Deal

VanVleet first signed with the Rockets in 2023.
April 20, 2025

Max Verstappen Linked to $300M Aston Martin Deal Ahead of Miami GP

Aston Martin is currently seventh in the constructors championship.
June 24, 2025

Timberwolves’ 4-Year Ownership Saga Ends As A-Rod, Lore Take Over

The unanimous approval brought a clean end to a long-disputed transaction.
Sponsored

Hottest Matchups Following NFL Schedule Release

The NFL released the 2025 regular-season schedule, and anticipation is already building in the ticket marketplace with four months to go.
March 27, 2025

Peyton Manning’s Omaha Productions Gets PE Boost

The Hall of Famer’s company gains another prominent backer.
March 20, 2025

High School Sports Power Signs Eight-Figure Rights Deal in First

The deal pays roughly $1 million annually, FOS has learned.
March 20, 2025

Maxx Crosby’s Agent: Edge Rushers Set to Dominate NFL’s Non-QB Market

Maxx Crosby just signed a three-year, $106.5 million extension.
March 4, 2025

Eagles Make Saquon Barkley NFL’s Highest-Paid Running Back Ever

Barkley is coming off a historic 2024 season with the Eagles.