Jay-Z and Fanatics are buying jersey maker Mitchell & Ness for $250 million. Online sports retailer Fanatics and a group of investors led by Jay-Z are acquiring Mitchell & Ness in a deal worth $250 million. According to Yahoo! Sports, Fanatics will hold a 75 percent ownership stake in the throwback jersey brand, with the remaining 25 percent being held by Jay-Z, fellow rappers Meek Mill and Lil Baby, LeBron James’ business partner Maverick Carter, and the TikTok famous D'Amelio family.