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Mitchell & Ness announced a new group of athletes and celebrities with ownership stakes in the company, including Sixers stars Joel Embiid and James Harden. The NBA All-Stars join a group of investors led by former Sixers minority owner Michael Rubin, who purchased the company in February.
Michael Rubin's sports apparel brand Fanatics and a celebrity-filled group of investors featuring Meek Mill have agreed to purchase Philadelphia-based Mitchell & Ness. The deal to acquire the vintage sports merchandise company is reportedly worth $250 million. Among the other notable investors involved in the deal include Jay-Z, Lil Baby, Maverick Carter and the D'Amelio family.