Hall of Fame Resort & Entertainment Company - HOFV STOCK NEWS

Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) announced the grant of restricted stock units (RSUs) to new executives as inducement awards for their appointments. Specifically, Victor Gregovits received 380,800 RSUs, while Evan Miller, Brittany Valentine, and John Lytell received 11,770, 11,042, and 20,599 RSUs, respectively. These awards are structured to vest over three years and are subject to similar terms as the company's 2020 Omnibus Incentive Plan.

Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) has secured approximately $33.4 million in Property Assessed Clean Energy (PACE) financing approved by the Canton City Council. This funding will facilitate the ongoing construction of Phase II of Hall of Fame Village and support various sports-themed assets. This follows an earlier $5 million financing from Stark Community Foundation. CEO Michael Crawford expressed confidence in the company's growth, highlighting upcoming projects including the Center for Performance and other recreational facilities.

Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) has appointed Teri Flynn, a sports media executive with 25 years of experience, to its Board of Directors. Flynn's extensive background includes her role as Executive Producer for NBC's 'Earnin’ It' and leadership positions at major networks like ESPN and ABC. Her expertise is expected to enhance HOFV Media, which focuses on creating content related to professional football. The company aims to strengthen its media and entertainment offerings amid ongoing challenges in the economic landscape.

Hall of Fame Village and the NFL Alumni Academy are set to host the 2022 NFL Alumni Academy Freedom Bowl on August 26-27 at Tom Benson Hall of Fame Stadium. The event features five matches showcasing top high school teams, including Christian Brothers Catholic and Saint Frances Academy. Tickets go on sale today at 2 p.m. ET. This year’s Freedom Bowl aims to honor military service members and includes activities for student athletes. The event has moved from Atlanta to Canton, Ohio, enhancing its profile among youth football.

Hall of Fame Resort & Entertainment Company (HOFV, HOFVW) has appointed Vic Gregovits as Executive Vice President of Sales & Marketing, effective June 20, 2022. With over 32 years of experience in sports marketing, Gregovits aims to enhance the HOFV brand through new sponsor development and strategic marketing initiatives. His previous roles include President of the Pittsburgh Riverhounds and achieving notable revenue growth. The company continues to focus on integrating sports, media, and entertainment at its Hall of Fame Village in Canton, Ohio.

The Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) has announced a long-term lease with Visit Canton to occupy 1,450 square feet in the Fan Engagement Zone at Hall of Fame Village, set to open this summer. This partnership aims to promote tourism in Stark County, which generated $1.2 billion in direct sales and supported over 13,000 jobs in 2019. The Fan Engagement Zone, opening in August 2022, will feature restaurants, retailers, and experiential offerings, enhancing the appeal of Hall of Fame Village as a top tourist destination.

Hall of Fame Resort & Entertainment Company announces that comedian Dave Chappelle will perform at Tom Benson Hall of Fame Stadium in Canton, Ohio on August 7th. Tickets go on sale on June 13th at 10 a.m. ET. CEO Michael Crawford stated that Chappelle's performance marks a significant step in diversifying the venue's entertainment offerings, enhancing the company's revenue streams.

Hall of Fame Village currently boasts over $250 million in assets and continues to expand its attractions.

Brown Gibbons Lang & Company announced the financial closure of the Center for Performance, a 100,000-square-foot dome at Hall of Fame Village, Canton, Ohio. This facility will feature exhibition halls and athletic performance spaces, becoming home to the NFL Alumni Academy and local sports leagues. The project, expected to open in July 2022, was financed through senior construction debt, C-PACE financing from PACE Equity, and sponsor equity, marking BGL's fifth collaboration with PACE Equity.

Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) has signed a lease with Major League Football (MLFB) for the Ohio Force to play at Tom Benson Hall of Fame Stadium in Canton, Ohio, starting this August. The move is part of MLFB's strategy to establish home markets, with Canton being one of the first locations, due to favorable demographics and community support. The team will be coached by Bill Conley, a notable figure in Ohio football. This partnership reinforces HOFV's position as a key player in sports entertainment.