In March, Fanatics filed a lawsuit against Bolt seeking financial obligations related to their partnership, which apparently unraveled by August 2023.
Bolt's partnership with Fanatics was touted as a significant win, yet by mid-2023, tensions led to Bolt announcing the termination of the agreement.
The lawsuit alleges that Bolt had used the news of its partnership with Fanatics to attract investors and win new business from other retailers.
Despite the lawsuit's redactions blocking specific figures, reports indicate Fanatics was seeking additional funds beyond the $12 million Bolt contributed to their marketing fund.
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