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Monday, November 30, 2020

Steven Cohen is a part of PSA (Collector's Universe) Buy Out.



I am sure all you folks know what a Certificate of Authenticity is. If you don't, it's the proof that an item/autograph is real. It could be a hologram or a sticker/card with an ID number that is logged into a data base. Steve Cohen through his private ventures company is part of a $700 Million buyout. Amazing. I have a suggestion on what to do with this at Citi Field. Open up a kiosk or a store front so folks can bring in their cards that they need graded to the stadium. Get an autograph from a player on a ball/jersey/hat at the game during BP, you can walk it to the kiosk and get it authenticated. I wonder if there would be a problem with that though with the MLB authenticator being at the games. It could be a legal thing, who knows.



From Sports Collector's Daily.

 Collectors Universe, parent company of PSA, is being sold to an investor group led by entrepreneur and sports card collector Nat Turner for approximately $700 million.  D1 Capital Partners L.P., and Cohen Private Ventures, LLC will acquire all of the Company’s outstanding shares of common stock for $75.25 per share in cash.  Cohen Private Ventures is oversees certain family office activities for, and invests capital on behalf of, Steven A. Cohen and his family.  Cohen is the new owner of the New York Mets.

Read more here

I can also see fans starting to complain how the Mets haven't brought in any free agents yet and Cohen is paying money in part of this deal.

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