Michael Rubin
Jay-Z & Fanatics Brand Bid To Expand Into Sports Gambling
HipHopWired Featured Video Source: Kevin Mazur / Getty Jay-Z continues to diversify his business portfolio. It has been revealed that he and Fanatics have their sights on the sports gambling category. As spotted on Forbes Magazine some of the reasoning why the Rap legend had recently invested into the sports memorabilia brand is starting to unfold. Apparently Fanatics intends the expand their services and will hope to offer betting in the near future. According to paperwork filed with the New York State Gaming Commission, Hov has submitted documentation applying for his license. The application lists him as Vice President of Fanatics Betting & Gaming with his long time friend and partner Michael Rubin as Chief Executive. “We’ve realized we have this incredible opportunity…to reall...
Jay-Z And Roc Nation Invest Into Michael Rubin’s Fanatics Company
HipHopWired Featured Video Source: Steven Ryan / Getty Jay-Z continues to boss up in big fashion. His most recent move slots him as a major investor in Michael Rubin’s Fanatics brand. As spotted on Revolt TV the Brooklyn, New York native just pulled yet another power pley. The owner of the Philadelphia 76ers is aiming to scale his sports merchandise business even further with a huge influx of cash. Jay-Z, Roc Nation and other entities are contributing a total of $325 million dollars. In return all parties involved will receive equity. Existing investors include Major League Baseball, SoftBank Group Corp.’s Vision Fund, and private-equity giant Silver Lake. Rubin detailed that Fanatics wants to show up in different sales channels in the near future thus the recent fund raising. “W...
