CANTON, Ohio, June 3, 2020 /PRNewswire/ -- HOF Village, LLC
("HOFV"), the owner of the premier sports, entertainment and media
enterprise surrounding the Pro Football Hall of Fame in
Canton, Ohio, today announced that
it has acquired the remaining 50% ownership rights of Youth Sports
Management, LLC ("YSM"), a joint venture established between HOFV
and Legacy Global Sports in 2016.
Within the past year, the Johnson Controls Hall of Fame Village
youth sports complex has hosted over 200,000 athletes and
spectators through nine months of programming provided over 36
weekends. Investing in the continued growth of the leading youth
football and sports complex's events and youth engagement
activities is a core tenet of HOFV's multi-pronged strategic plan.
After jointly managing the YSM organization over the past four
years, HOFV is now poised as its singular owner to further develop
the business and apply its best practices to strengthening youth
sports programming at Johnson Controls Hall of Fame
Village.
"Bringing YSM's operations entirely in-house positions HOFV to
develop overall youth programming as well as attract and operate
additional sporting events and activities. With the completed
acquisition, HOFV continues to expand upon the popularity of
football in building a leading sports and entertainment company
with exclusive live youth content," shared Michael Crawford, Chief Executive Officer of
HOFV.
"Our team at HOFV appreciates and values the power of sport to
positively impact youth, and we couldn't be more pleased to enhance
programming at our youth sports complex and expand the youth
sporting activities that we offer our community and those visiting
the Hall of Fame Village. The continued growth of our youth sports
business will prove a critical driver bringing our vision to life
as we begin the second phase of development at Johnson Controls
Hall of Fame Village," added Mr. Crawford.
On September 16, 2019, HOFV
entered into a definitive business
combination agreement with Gordon Pointe
Acquisition Corp. (NASDAQ: GPAQ, GPAQU, GPAQW). Upon the
closing of the transaction, the combined company will change its
name to Hall of Fame Resort & Entertainment Company and trade
on the NASDAQ stock exchange under the ticker symbol "HOFV."
About HOF Village, LLC
Johnson Controls Hall of Fame
Village, a development of HOF Village, LLC, is a multi-use sports,
entertainment and media destination centered around the Pro
Football Hall of Fame's campus in Canton, Ohio. It provides a
themed sports, entertainment and media venue to capitalize on the
popularity and fandom associated with professional football and its
legendary players. HOF Village, LLC was founded by the Pro Football
Hall of Fame through its wholly owned, for profit subsidiary Hall
of Fame Village, Inc. and Industrial Realty Group, LLC.
For Information, Contact:
HOF Village, LLC Media
Inquiries
Anne Graffice
330-458-9176
Anne.Graffice@hofvillage.com
HOF Village LLC or Gordon Pointe Investor Inquiries
Jacques Cornet, (646) 277-1285
Jacques.Cornet@icrinc.com
or
Will Swett, (646) 677-1818
Will.Swett@icrinc.com
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SOURCE Gordon Pointe Acquisition Corp.