Fanatics, the 20-year-old, Jacksonville, Fla.-based sports merchandising giant, revealed today that the NFL was the “single biggest investor” in the latest round announced by the company, a $1.5 billion round at a whopping $27 billion valuation that reportedly closed last month. The deal marked a 50% increase from the $18 billion valuation assigned to Fanatics during its previous raise last August.

Minor league baseball is returning to Trenton. And it will feature top prospects — and wood bats.

Good morning, Broadsheet readers! Gov. Gretchen Whitmer has some advice for how the Biden administration can work with state leaders, three Korean-American women are headed to Congress, and Kim Ng makes history in Major League Baseball. Have a powerful Monday.