RookiesHQ wrote:
waxpaxmax wrote:It is a scandal considering the NBAPA could of declined the buyout offer since UD has been a long and loyal supporter of the trading card industry. it is a scandal because player's sold the collector's out for more money, again. Thanks for your wannabe professional advice and cheap insults which just go by the wayside and carry no weight. Do some research.
Scandal? It's business 101! Upper Deck went over to Europe and stole the World Cup deal from Panini and overpaid by like 4x the last contract (rumored)
Upper Deck lost its cash cow because of unethical business practices (read the book - there are others about UD also)
UD and Topps both had an chance to match Panini's offer and become the sole owner of basketball. They both declined to match it. Please go read their own press releases on the subject.
They could not pay what Panini had offered to the NBA and NBAPA? I love capitalism! UD pissed off Panini and Panini has deeper pockets and more cash then UD and Topps combined. Just wait and see what can unfold. Personally, we do not sell alot of basketball, but Panini has the world-wide distributionn and deep cash reserves to due the hobby some good. Global reach is good fo anyone selling basketball cards.
How long do you think UD will have MJ, Kobe, LeBron, etc with Panini can offer them the world as marketing and not mainly the US? Those exclusive contracts expire relatively soon!
WAX - you love UD and that's OK. Riddle me this ? Why did MLB shut out Upper Deck also .... maybe there is a SCANDAL there, but not what you are thinking!
.... and as for being a wannabe profressional, how long have you owned a real hobby store?
Myabe Bob Brill can give us an insightful view on the matter! I trust his opinion