Fanatics, Ames Watson, Jay-Z, Meek Mill and Lil Baby completed the acquisition of Mitchell & Ness for $250m.

Fanatics, a sports merchandise provider, Ames Watson, a private holding company, and an Americas rappers Jay-Z, Meek Mill and Lil Baby completed the acquisition of Mitchell & Ness, an American sports-related clothing company, for $250m. "Mitchell & Ness is an iconic brand and a pioneer within our industry. I'm incredibly excited for Fanatics to partner with this incredible group of innovative owners to build upon the company's already strong business that has kept the brand culturally relevant for more than 100 years. Growing up as a kid in Philadelphia, we looked at Mitchell & Ness as a badge of pride, and I truly believe this legendary brand has no limit," Michael Rubin, Fanatics CEO.