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Fanatics valuation hits $18bn after $325m funding round, Rubin announced as CEO

Michael Rubin, chief executive of the expanded Fanatics group (Photo by Mike Coppola/Getty Images for Fanatics)

Global sports merchandising company Fanatics has closed its latest funding round having attracted $325m (€277m) in new investment, bringing the overall valuation of the retail operator to $18bn.

Among the new investors into Fanatics was Roc Nation LLC, the entertainment company set up by Jay-Z, while existing stakeholders Major League Baseball, Softbank Group and global private equity firm Silver Lake all increased their holdings, sources close to the deal told SportBusiness.

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