Adidas Group Buys Mitchell and Ness

Adidas Group, the parent company for Adidas, Reebok and TaylorMade-Adidas Golf has purchased Mitchell & Ness Nostalgia Co., a company well known for their authentic throwback jerseys and jackets. As well as other nostalgic athletic apparel. There was no word on how much Adidas actually bought Mitchell & Ness for but one would imagine it was not cheap at all. If i had to throw a random number out there myself i would have to say it sold for around 50 million dollars. Just a guess. Mitchell & Ness currently holds licenses with the NBA, NFL, NHL and the MLB to reproduce vintage style authentic athletic apparel. Mitchell & Ness also makes jerseys for arena football for such teams as the Philadelphia Soul. Will we maybe see Mitchell & Ness now make its way into the MLS, Major League Soccer, now that Adidas Group has gotten a hold of the company?