Packerup: Stores owned by teams such as the Golden Knights and the Raiders are allowed to purchase items direct from GNGR with no licensing rights needed as long as they are only sold to company stores.
I believe there are 6 Golden Knights stores around Vegas and well check on the Raiders locations as per your suggestion.
We will have Mr. Newsteder make the Raiders finished samples ASAP and go meet the merchandise buyer. Although that would only be localized and sales would also be localized it would be just another product out there selling for GNGR towards our sales “goal” (Pun intended).
Everyone here should now be aware of, based on the website post of the FlyersFan example, we can have a finished Raiders line ready by tomorrow. Weeks faster than China.
We looked at licensing team jewelry and to obtain the rights is costly, but the real costs are marketing and competing with organizations like Fanatics and Aminco who we have taken an interest in working with.
Those two companies spent millions to obtain the rights of most sports teams and market the various products, most of which they do not make.
Many are not aware that companies like Fanatics and Aminco who purchased those rights are allowed to contract products to be made under their name from companies such as GNGR. Most suppliers are from China but we will attempt to change all that very soon.
If GNGR supplied products to a licensee, GNGR would not need to obtain the rights or costs to obtain those rights and all the marketing would be done buy Fanatics and Aminco like they do now.
If GNGR supplied products at wholesale prices and made 1000’s of styles and team products, and sell them to those two companies in bulk, GNGR would make more money as a suppler than we would as a licensee.
If you search both of those company’s names and websites and search jewelry you will see why GNGR is badly needed in this space.
Team10
