![]() ![]() The latest investment round came after Fanatics had two years of apparently quick growth. "And the leagues are also partners, so it's in their best interest to elevate the value."įanatics declined to comment for this story. "They can get away with a hell of a lot more because they have to anticipate the contribution of each business line to the revenue and EBITDA and how it will change for the future," the executive said. ![]() Private companies can conceal revenue struggles, as they aren't required by the SEC to report earnings. The executive, who spoke to CNBC on the condition of anonymity, said Fanatics' private status is a reason for skepticism. "I'm still not buying that it's worth that level," one executive said when asked about Fanatics' $27 billion valuation. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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