Announced

Industrial Realty Group to acquire HOFV.

Synopsis

Industrial Realty Group, a nationwide real estate development and investment firm, offered to acquire HOFV, a sports, entertainment and media enterprise. Financial terms were not disclosed. "Our vision has always been to build a world-class sports and entertainment company, which includes our destination in the Hall of Fame Village, Hall of Fame Village Media, and Gold Summit Gaming. This is an ambitious goal. It entails a continued focus on our strategic plan, and it requires investing in the critical areas that will help ensure long-term growth. We operate in a dynamic and sometimes challenging environment, and as a private company, upon completion of the transaction, we believe that we will have strategic flexibility and additional working capital to invest in each of our business verticals and to continue to build the Company as we have planned. I want to thank our partners, our team, and the Canton community for a continued commitment to our mission and our vision," Michael Crawford, Hall of Fame Resort & Entertainment Company President and Chief Executive Officer.

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MergerLinks - Industrial Realty Group to acquire HOFV.