Press Release
Press Release
Press Contacts: Erik Cummins, Matt Hyams, Olivia Thomas
09.17.19
A team of Pillsbury lawyers has advised Gordon Pointe Acquisition Corp. (“GPAQ”) on its announced business combination with HOF Village, LLC to create a premier sports, entertainment and media enterprise surrounding the prestigious Pro Football Hall of Fame in Canton, Ohio. The transaction, valued at $390 million, is expected to close in Q4 2019. The newly combined company will be called Hall of Fame Resort & Entertainment Company and will trade on the NASDAQ stock exchange under the ticker symbol "HOFV.”
"The Hall of Fame Resort & Entertainment Company represents an unprecedented opportunity to create an experiential destination resort and entertainment enterprise that is the equivalent of the 'Disneyland' of professional football," said Mike Crawford, current Chief Executive Officer of HOFV, who will serve in the same capacity at the combined company.
James J. Dolan, Chief Executive Officer and Chairman of GPAQ, stated, "We are confident in Mike and his team's plan to create a dynamic, one-of-a-kind destination built on the most popular sport in America. There is no comparable investment opportunity to capitalize on and benefit from professional football's powerful brand and passionate fan base. We are excited about the potential of this truly unique company and its synergistic business plan and look forward to stewarding its success."
For more information on the transaction, click here.
The Pillsbury team advising GPAQ on the deal was led by New York Corporate partner Jarrod Murphy and included Corporate partner Matt Swartz and associates Jeb Byrne and Tara Shankar; Executive Compensation & Benefits partner Howard Clemons; and Tax partner Nora Burke.