Starting today, fans can purchase stakes in any of the Hall Of Fantasy League's 10 fantasy football franchises by visiting www.thehofl.com
CANTON, Ohio - March 30, 2021 - 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:
1. Atlanta Hot Wings
2. Boston Barflies
3. Chicago Hogmollies
4. Los Angeles Sidekicks
5. New York Bodega Cats
6. Ohio GOATS
7. Philadelphia Powderkegs
8. Seattle Haze
9. Texas Y'allers
10. 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.
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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