Sports Bets & Billionaires with Fanatics CEO; Blackrock in a Hard Place 12/07/22

Sports merchandising and betting giant Fanatics has closed yet another round of private financing, bumping the unicorn up to a $31 billion valuation. CEO Michael Rubin discusses his company’s long road to a public listing, the consumer’s appetite for holiday shopping, and his plans for his burgeoning betting business. Plus, the billionaire explains his decision to sell his stake in the 76ers. In other sports news, Aaron Judge is staying with the New York Yankees, for a cool $360 million. Plus, China is easing its zero-Covid policy , Senator Raphael Warnock (D-GA) has emerged victorious in the Georgia runoff , and the world’s largest asset manager Blackrock is facing accusations of hypocrisy from an activist investor. In this episode: Michael Rubin, @michaelrubin Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.