Fanatics Collectibles Announces Results of KPMG’s Independent Examination
29 April 2024 - 6:30PM
Business Wire
Today at its Topps Industry Conference in Atlanta – attended by
nearly 500 collectible-industry leaders from across the country –
Fanatics Collectibles CEO Mike Mahan told the audience: “It is
important to confirm for collectors that the process of packaging
and distributing our cards is truly random.”
To that, Mahan announced that Fanatics Collectibles engaged KPMG
LLP, independent accountants, to perform an examination, which the
company believes to be the first-ever of its kind in the trading
card industry.
Mahan noted “…we believe that the results of the examination
will provide collectors with confidence that the process of
packaging and distributing our cards is random and management and
our employees are unable to direct high-value cards to specific
customers.” According to Mahan, Fanatics Collectibles plans on
having an examination performed annually.
Fanatics Collectibles detailed the key areas of the packaging
and distribution process, which include controls over governance,
physical security, job configuration and review, packing line
operation and quality control audits.
A copy of Fanatics Collectible’s statement including its
assertion and accompanying KPMG examination report is available at
http://www.topps.com/reportandassertion.
About Fanatics
Collectibles
Fanatics Collectibles is a new model and vision for the hobby
fundamentally changing the experience for current and future
collectors, leagues, and players across many professional and
college sports. The organization secured long-term, exclusive
rights to design, manufacture and distribute trading cards for
several sports properties, including MLB, MLBPA, MLS, UFC, Formula
1 and others. In January 2022, Fanatics Collectibles announced the
acquisition of Topps, establishing the preeminent licensed trading
card brand as the cornerstone of Fanatics’ trading cards and
collectibles business and jumpstarted its MLB and MLBPA rights to
design, manufacture and distribute trading cards.
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Media: 503-519-7186 zasmith@fanatics.com