Totally speculative post- Fear of Being Invested= FOBI https://www.linkedin.com/posts/kyleauffray_investinexcellence-sportsfinance-investors-activity-7229466597378183168-0p33?utm_source=share&utm_medium=member_desktop
Kyle Auffray who has been working with Rob through Comcast has been with Champion Venture Partners for the last 3mths.
'Over the past four years, Kyle has played a pivotal role in a sports tech accelerator, where he steered 40 portfolio startups towards enhanced revenue generation, refined business strategies, and expansive business development within the global sports arena. Kyle will leverage his extensive network of investors, rich pipeline of deal flow, and deep-rooted sports industry connections to drive rapid and effective growth at CVP. His operational acumen and industry insight are invaluable assets, and second to none, as he leads our management team and oversees investment endeavors, positioning CVP at the forefront of sports industry innovation.'
Just over 2 wks ago it was announced that Champion Management was formed from CVP and 5 acre holdings (which is Kyle's company), and they are working on finanlizing a $100M fund, which they are able to start talking about publicly now that they have the proper forms filed. Champion Management only requires $10M left to raise before they close the fund and start deploying capital which they anticipate should be within the next week or 2.
Rob made a comment on Kyle's post announcing the newly formed Champion Management that he was 'looking forward to the next evolution of sports investment & management'. It's worth noting that Kyle has also previously promoted FOBI on his linkedin page stating FOBI has 'amazing tech'.
IF the original PP was with either 5 acre holdings or the original CVP, the delays would make sense with the newly formed Champion Managment raising a new fund that is anticipated to close soon. However, as noted in the title this is pure speculation at this point as the original PP might have been with a completely different party all together.