Fanatics Collectibles Announces Results of KPMG’s Independent Examination

ATLANTA--(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.