Hall of Fame Resort & Entertainment Company Introduces the Hall Of Fantasy League, the First Community-Backed National Fantas...
October 13 2020 - 8:00AM
Business Wire
Formerly known as The Crown League, the
platform allows fans to become shared stakeholders in season-long
fantasy teams and have access to the football & fantasy legends
that control them
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 and owner of the Hall of Fame Village powered by Johnson
Controls in Canton, Ohio, today announced The Crown League has
rebranded to the Hall Of Fantasy League (HOFL) and restructured its
offering to provide a new format, features, and talent. Leveraging
the professional sports league model, the HOFL aims to unify the
large and fragmented fantasy football market into one national
league with 10 regionally based franchises.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20201013005379/en/
The HOFL is the first digital platform that will enable millions
of fantasy football fans throughout the U.S. to communally engage
and financially back the fantasy teams of a premier nationwide
league. Participants will have the opportunity to partially stake
any of the league’s franchises, each of which will be managed by a
dedicated front office consisting of prominent fantasy experts and
former NFL players. As team stakeholders, fans will be entitled to
offer input on key roster moves and communicate directly with their
teams’ front offices and fellow stakeholders. They will also
receive their pro rata share of winnings based on the success of
their respective franchise.
“Fantasy sports is a national pastime in the U.S. with a
massively engaged market of millions of participants who partake in
individual home leagues across the country,” said Mat Sposta,
Co-Founder of the HOFL. “Inspired by the Green Bay Packers’ public
ownership structure, the HOFL’s communal framework unites fantasy
football fans through direct franchise backing, creating a unique
experience and alignment of financial and rooting interests that
does not exist in today’s fantasy market.”
The HOFL’s inaugural draft is expected to take place in the
summer of 2021, and its first season will commence alongside the
2021-22 NFL season. Exciting announcements pertaining to franchise
locations, team names and logos, front office personnel and league
rules will all be announced in the months leading up to the draft.
The league will leverage its access to the Pro Football Hall of
Fame, NFL alumni and fantasy football personalities to create
original video, audio and written league-focused content that will
be hosted on its platform, helping to entertain, educate and engage
team stakeholders throughout each week of the season.
“This rebrand reflects an important milestone for our fantasy
football business, which has been structured to tap into the
multi-billion dollar fantasy football market with a highly
differentiated product,” said Michael Crawford, President and CEO
of HOFV. “Given our relationships with the Pro Football Hall of
Fame and the NFL Alumni Association, as well as our ability to
create fresh and compelling media content, we have the playbook to
build a highly engaged community that can be monetized in a number
of ways.”
Reflecting its commitment to create and deliver highly
informative and engaging content, the HOFL has partnered with the
popular mobile trivia game platform, HQ, to launch “Hall Of Trivia
on HQ,” a topical football, fantasy and sports-themed trivia show
hosted by Jeff Eisenband. The show, which will focus on the current
NFL season and offer viewers opportunities to win cash prizes, will
launch on the HQ app on Thursday, October 22nd and air each
week at 8pm Eastern, prior to the NFL’s regularly scheduled
game.
About the Hall Of Fantasy League
The Hall Of Fantasy League (HOFL) is the first community-backed
national fantasy league. 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 former NFL players.
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.
About the Hall of Fame Resort & Entertainment
Company
The 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20201013005379/en/
Media/Investor Contacts:
Media Inquiries Public.Relations@hofreco.com
Investor Inquiries Investor.Relations@hofreco.com
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