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Canton,
OH – April 2021 / Newsmaker Alert / Hall
of Fame Resort & Entertainment Company (“HOFV” or the “Company”)
(NASDAQ: HOFV, HOFVW), the only resort, entertainment and media company
centered around the power of professional football, is excited to unveil
the team locations, names and logos for the Hall
Of Fantasy League (“HOFL”), the first national fantasy league that
allows you to experience a fantasy team with a community of shared stakeholders.
The
10 franchises that will comprise the HOFL include:
-
Atlanta
Hot Wings
-
Boston
Barflies
-
Chicago
Hogmollies
-
Los Angeles
Sidekicks
-
New York
Bodega Cats
-
Ohio GOATS
-
Philadelphia
Powderkegs
-
Seattle
Haze
-
Texas
Y’allers
-
Vegas
Pocket Kings
Unlike
traditional fantasy sports leagues where individuals pay an entry fee,
manage their own teams and compete against friends over the course of a
season, the HOFL reimagines fantasy entirely through a professional sports
league structure and community-driven format. Utilizing the concept of
staking, the HOFL’s model aggregates fan bases and large communities of
fantasy players by unifying them as shared team stakeholders in a season-long
national fantasy league. Each franchise will be managed by a dedicated
front office consisting of prominent fantasy experts and will include high-profile
personalities from the world of professional football as team ambassadors.
Staking – making a financial contribution to cover a portion of a participant’s
entry fee, and in return taking a percentage of the winnings – is made
possible through HOFV’s previously announced partnership with StakeKings.
“Today
is another very exciting day for our company and for the millions of fantasy
football fans across the country,” said Michael Crawford, President and
CEO of HOFV. “The HOFL will transcend the way people have traditionally
participated in fantasy sports, allowing them to be part of a community
that financially stakes a regional franchise to receive a percentage of
any winnings and interacts with a dedicated front office consisting of
top fantasy players. No other fantasy sports platform can offer its participants
an experience like this over the course of a season. We look forward to
the growth of the league and to each of our franchises becoming embedded
in the sports cultures of their respective locations.”
Starting
today, sports fans and fantasy football enthusiasts throughout the country
can purchase stakes in any of the HOFL’s franchises. Team stakeholders
will be entitled to a portion of their teams’ winnings based on their entry
amount, and will have access to exclusive content, communications and team
governance features. This will provide opportunities for stakeholders to
collaborate and engage with each other, as well as provide direct input
on key roster moves with their franchises’ front office teams, which will
be unveiled at a later date.
The
HOFL leverages and replicates key aspects of pro sports leagues with its
professional management of its franchises and merchandise/apparel with
team branding. Beginning this morning, staking, the purchase of merchandise
as well as high-quality content providing contextual coverage and analysis
of the HOFL will be live, all of which can be found at www.thehofl.com.
Participants can also stay engaged with the HOFL community year-round via
the Hall Of Trivia, a live, weekly sports and fantasy-themed trivia show
airing exclusively on the HQ Trivia app every Tuesday at 8 p.m. EDT. The
show is hosted by sports broadcaster Jeff Eisenband, and features appearances
by NFL legends as well as prominent sports and fantasy personalities.
“We
are so excited to kick off a new era in fantasy sports by unveiling the
locations, team names and logos of the HOFL,” said Mat Sposta, Senior Executive
Consultant for HOFV. “In addition to transforming the way fantasy sports
are played altogether, the HOFL solves one of the biggest pain points fantasy
players are subjected to each year: the solitary fandom and lonely experience
of managing a team by yourself. By financially backing one of the HOFL’s
regional franchises, individuals become part of an immersive community
with similar rooting interests and financial incentives.”
In
addition to announcing who will comprise the front office of each franchise
over the coming weeks, HOFV will be launching the HOFL mobile app, which
will serve as the league’s main platform. What’s more, HOFV plans to leverage
its partnership with Dolphin Entertainment to offer fans opportunities
to buy and sell NFTs associated with the HOFL’s unique gameplay, content
and talent.
To
learn more about the HOFL and stay updated on all league announcements
(including signing up for its newsletter), visit www.TheHOFL.com
or follow it on Facebook, Twitter or Instagram (@TheHOFLeague).
About
Hall of Fame Resort & Entertainment Company
Hall
of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) is
a resort and entertainment company leveraging the power and popularity
of professional football and its legendary players in partnership with
the Pro Football Hall of Fame. Headquartered in Canton, Ohio, the Hall
of Fame Resort & Entertainment Company is the owner of the Hall of
Fame Village powered by Johnson Controls, a multi-use sports, entertainment
and media destination centered around the Pro Football Hall of Fame’s campus.
Additional information on the Company can be found at www.HOFREco.com.
About
Hall Of Fantasy League
Hall
Of Fantasy League (HOFL) is the first National Fantasy League that
allows you to experience a fantasy team with a community of shared Stakeholders.
Launching with 10 regionally based franchises in key U.S. markets, HOFL
teams will be managed by a dedicated front office of fantasy experts and
include former NFL players as team ambassadors. Participation in the league
will come in the form of staking, which will allow the public to financially
back individual teams, become team Stakeholders, and gain access to exclusive
content, communications, and team governance features. The HOFL’s inaugural
draft is expected to take place in summer of 2021 and its first season
will commence alongside the 2021-22 NFL season. For more information visit
www.TheHOFL.com.
Forward-Looking
Statements
Certain
statements made herein are “forward-looking statements” within the meaning
of the “safe harbor” provisions of the Private Securities Litigation Reform
Act of 1995. Forward-looking statements may be identified by the use of
words and phrases such as “opportunity,” “future,” “will,” “goal,” and
“look forward” and other similar expressions that predict or indicate future
events or trends or that are not statements of historical matters. These
forward-looking statements are not guarantees of future performance, conditions
or results, and involve a number of known and unknown risks, uncertainties,
assumptions and other important factors, many of which are outside the
Company’s control, that could cause actual results or outcomes to differ
materially from those discussed in the forward-looking statements. Important
factors, among others, that may affect actual results or outcomes include
the inability to recognize the anticipated benefits of the business combination;
costs related to the business combination; the inability to obtain or maintain
the listing of the Company’s shares on Nasdaq; the Company’s ability to
manage growth; the Company’s ability to execute its business plan and meet
its projections; potential litigation involving the Company; changes in
applicable laws or regulations; general economic and market conditions
impacting demand for the Company’s products and services, and in particular
economic and market conditions in the resort and entertainment industry;
the potential adverse effects of the ongoing global coronavirus (COVID-19)
pandemic on capital markets, general economic conditions, unemployment
and the Company’s liquidity, operations and personnel, as well as those
risks and uncertainties discussed from time to time in our reports and
other public filings with the SEC. The Company does not undertake any obligation
to update or revise any forward-looking statements, whether as a result
of new information, future events or otherwise, except as required by law.
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