Quote:
Originally Posted by mossoholic
Fanatics offer now would be under 50% of what it was a few months ago. If NBAPA pulls the license the offer will be close to a penny on the dollar. Not pennies. A single penny. At that point Panini is going to get into the same situation that Brent Huigens got into. He got offered a ton of money to sell PWCC and turned it down. Essentially sold the company later for what he owed because of debt/bad loans/financing, etc. If Panini has both licenses terminated now they are going to be on the hook for all redemptions, points, and unfulfilled blockchain cards with really nothing they can adequately replace them with. They would be selling everything basketball and football to Fanatics basically for nothing just to get out of what they owe. Only reason Fanatics would still buy is to avoid more lawsuits, wasted time, and being able to print ASAP.
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And Fanatics basically has no use in buying Panini as a whole at this point. They have the big license with the NFLPA, and the NFL isn't going to be sticking around much longer if they can't make money off of it. So instead of just selling the company when they could have, they're now only likely to make whatever they can get to keep the battle out of court, and probably a bonus to buyout/sell off the NFL license. They missed big time pending whatever legal consequences to the NFLPA deal there might be, but I'd expect that to blow over with the massive legal team Fanatics has in place.