Quote:
Originally Posted by JRX
I think that quote includes more than the cards. Regardless, if topps could make it financially work, they would have matched the deal in a heartbeat. It is interesting the hobby has for a long time been sustained by the collector and only recently did the flippers come in. Now it seems like they want to make the flippers the base of the industry, but I don't think they can sustain it. You can't go back to the collectors as your base after you spent so much on the licensing rites, you're now relying on the hype investors/flippers.
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Agreed completely. I think a portion of that is likely equity, but we don't know enough details yet.
I think that even though it sounds like they gave Topps a chance to match, they structured this contract in a way that they knew they never could. I don't think Topps could have done anything to retain these rights.