MLFB Provides Update on 2021 Spring Season

Rhea-AI Summary

MLFB has outlined its plans for a 2021 season despite ongoing COVID-19 challenges. The company is shifting from a full six-team season to a more manageable 'Demonstration Season', featuring fewer games and teams, governed by health protocols. Initially, a training camp was slated for April, but the focus is now on providing safe, nationally televised events in at least three cities. The format aims to mitigate financial risks while ensuring safety for players and fans. Further details are expected, with the season concluding in July.

Positive

• Shift to a 'Demonstration Season' allows for a more manageable schedule and financial viability.
• Nationally televised games planned in at least three cities to enhance visibility and engagement.

Negative

• Full-capacity events unlikely in the near future, impacting revenue potential.
• Scaling back from a planned six-team season may reduce overall brand exposure and fan engagement.

LAKEWOOD RANCH, FL / ACCESSWIRE / February 16, 2021 / MLFB (OTC PINK:MLFB) In our 10Q filing dated 10/31/20, we discussed our plans for a 6-team, full season beginning with training camp for the six teams, and a minimum of 420 players. We also stated that we would be monitoring national COVID-19 health and medical developments as well as their impact on our ability to hold camp and play a full schedule in our team cities. Under this plan, we scheduled an April training camp, provided we had enough runway to meet the health and medical guidelines for the launch.

Obviously, some progress has been made [vaccines, rapid, more affordable testing, etc.] and there has been some easing of crowd limitations for businesses and events. However, our stadium facilities and governing authorities have made it clear that full capacity events are still not viable in the near term.

Nonetheless, we stated in our filing that we were continuing to conceptualize a previous plan for a more limited "Demonstration Season" for 2021; decreasing the number of games and teams. This plan will consist of nationally televised games played in at least three of our cities, including a training camp and 3 to 4-weeks of play.

The safety of our players, coaches, staff and fans has always been our top priority and this concept best supports that goal. The NFL has cancelled the Scouting Combine, as well as many previously held pre-draft scouting events. MLB is still negotiating the dates for Spring Training and games. The costs to the NFL and MLB for last season were enormous and will follow that trend moving forward. We feel the "Demonstration Season" format is both financially viable and affords the best protection for our players, coaches, staff and fans.

Further details and dates are forthcoming, but we expect to execute a training camp and games later in the year. The conclusion of the "Demonstration Season" will remain July 2021. Finally, we are extremely grateful for the overwhelming support and dedication that we continue to see from our investors, fans and partners.

CONTACT:

Frank Murtha
f.murtha@mlfb.com

SOURCE: Major League Football, Inc.

View source version on accesswire.com:
https://www.accesswire.com/629861/MLFB-Provides-Update-on-2021-Spring-Season

FAQ

What is MLFB's plan for the 2021 season?

MLFB has shifted to a 'Demonstration Season', featuring fewer teams and games due to COVID-19 challenges.

When will MLFB's training camp occur?

The training camp is expected later this year, with the season concluding in July 2021.

How does COVID-19 affect MLFB's plans?

Ongoing COVID-19 restrictions have led MLFB to adjust its initial plans for a full season to a more limited format.

What cities will host MLFB games in 2021?

MLFB plans to hold games in at least three cities, although specific locations are yet to be detailed.

What is the significance of the 'Demonstration Season' for MLFB?

The 'Demonstration Season' is designed to ensure player safety while also being financially viable under current public health guidelines.