Winiarski, who was Barry Diller’s IAC/InterActivCorp top lawyer, will now step in as a chief legal officer for Fanatics Holdings Inc, which is a privately held sports apparel and collectables company. His appointment comes at an important for the firm as well.
Winiarski Comes to Strengthen Fanatics’ Expansion
Fanatics has reached $31 billion in valuation and it is now in the process of rapidly expanding into the sports betting landscape through its Fanatics Sportsbook venture. In his new role, Winiarski will be tasked with maintaining the company’s momentum and helping it push across its three main pillars of business, to wit betting and gaming, commerce, and collectables.
The business has been growing rapidly across all three verticals, with Fanatics acquiring Topps, a trading cards business, last year – a deal which Winiarski helped with. The company also expanded its sports betting capabilities – not only through individual licensure but also through the addition of more assets, such as PointsBet Holdings Ltd.
Winiarski has made no official statement about his decision to switch with Fanatics full-time, but his appointment is welcomed, nevertheless. Fanatics chief executive officer Michael Rubin said that Winiarski would be an invaluable asset to the team, as the company as a whole seeks to expand across the board and achieve more formidable growth than ever before.
Betting and Gaming Business in Focus
Rubin himself had to divest his stake in Philadelphia 76ers, an NBA franchise, after news surfaced that his company would be effectively entering the sports wagering business. In the meantime, the company has been actively strengthening its lineup of executives with some experience in the sports gambling industry.
Fanatics tapped ex-Uber Technologies Inc. associate general counsel Jane Pollack to be the company’s VP of legal for Fanatics Sportsbook. Similarly, Fanatics brought Aron Borod, a former lawyer for FanDuel Inc. as a chief business officer for the gaming and betting division. Winiarski is just the latest addition intended to strengthen the business across the board.