Fanatics, Michael Rubin’s online sports company, has brought together a star-studded group of investors to transport Mitchell & Ness into the present day. On Feb. 18, it was announced that the legendary sports goods brand had been acquired for $250 million, Sportico reports. The recent deal included investments from Jay-Z, Maverick Carter, Meek Mill, Lil Baby , and the D’Amelio family. The breakdown of the ownership is Fanatics takes 75 percent of Mitchell & Ness, while the other investors get 25 percent, according to The New York Times. Mitchell & Ness has previously been a staple in the clothing industry, especially for streetwear fashion. Just as brands such as Diddy’s Sean John are working to make a comeback, the investors are bringing new energy to the brand that’s been missing. “Fashion is cyclical, but classics are forever,” Jay-Z said in a statement. “Mitchell & Ness is a true classic. I was an early adopter of this brand, as well as a part of a departure from athletic wear....

With the holidays right around the corner, Meek Mill is in the season of giving for his city. On Dec. 14, the rapper announced that he will be donating $500,000 worth of Christmas gifts to Philadelphia families in need. Joining him in supporting the free event, taking place on Dec. 19, are Philadelphia 76ers partner Michael Rubin, New England Patriots owner Robert Kraft, and Roc Nation, according to TMZ. According to Meek Mill, he and the DreamChasers are going bigger than ever for Philly — four times that is. “We stepping BIGGER than ever this year for the youth of the city!” he wrote via Instagram prior to the official announcement. https://www.instagram.com/tv/CXKMLmTjN8w/?utm_source=ig_web_copy_link