Lionel Messi to pocket over $1.5 million amid failed clothing line venture.

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MGO have sold its license having failed to generate enough money in sales to match what they are paying Messi


Sportico reports that Centric Brands, a clothing manufacturer owned by private equity giant Blackstone, is taking over the license from MGO Global, a publicly traded business co-founded by fashion veteran Ginny Hilfiger.

Despite initial enthusiasm about the project, Messi's foray into the world of fashion has now ended in disappointment for MGO Global.

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