Welcome to First Funding Sports & Entertainment, LLC.
The business concept of First Funding Sports & Entertainment is based on a unique and proprietary financing methodology that First Funding will use to establish a fund from which it will make early stage investments in selected sports and entertainment ventures.
First Funding will then guide each venture through the process of using this same financing methodology to raise all the capital it will need to initiate and operate its business. This process will allow these businesses to launch fully funded, debt-free and without being beholden to investors seeking an early exit.
First Funding will also invest intellectual capital, making its management experience and expertise available to the ventures.
First Funding will retain an equity interest in these ventures and will assist in their long term growth and profitability.
First Funding’s financing methodology offers a number of benefits to investors including:
Multiple Payment Options
The ability to pay for the investment with illiquid securities including Rule 144 Restricted Stock.
Preservation of Principal
A return of invested principal collateralized by a blended bond portfolio of government and corporate bonds held in segregation on behalf of the investor.
Upside participation in the future growth of the contributed securities.
Relief From Tax Burden
A first year cash distribution equal to the long-term capital gains tax (currently at 23.8%) that may be due on the contributed securities.
United States Football League
A new professional football league, played in the spring, devoted to providing developmental opportunities for players to advance to the NFL, akin to minor league baseball.
West River Sports Ventures
A group of planned mixed use neighborhood real estate projects for which a sports stadium, arena, or venue will act as the anchor or thematic core.
An assembly of entertainment projects centered on the production and distribution of live entertainment content, construction of entertainment venues and the development of new entertainment technologies.
BOARD OF MANAGERS
JIM BAILEY Jim has over 42 years negotiating complex business transactions in sports and real estate. He served for 21 years as Executive Vice President of the Cleveland Browns and Baltimore Ravens, and then as President & CEO of Manchester Resorts.
WILLIAM MILLER Bill has over 40 years experience in finance, financial engineering, and sophisticated investment management techniques. He is also the architect of the Restricted Stock/Preservation of Principal financial methodology.
BILL MILTNER Bill is the Managing Partner of the law firm Miltner & Menck. For more than 20 years, he has represented clients in complex business transactional and litigation matters.
JEFF DIAMOND Jeff is a sports consultant. Previously he was President & COO of the Tennessee Titans, and prior to that was Senior VP of the Minnesota Vikings. He was named NFL’s “Executive of the Year” by Sporting News in 1999.
CHRIS DUNLAVEY Chris is President of Brailsford & Dunlavey, a national program management firm overseeing billions of dollars in new construction and renovation projects, specializing in sports and recreation facilities.
JIM MILLER Jim's career includes serving as as Chief Information Officer for the NFL Labor Management Council, in executive positions with the New Orleans Saints, Chicago Bears and Buffalo Bills, and as Athletic Director for the University of New Orleans.
JACK MILLS Jack has practiced sports law for over 40 years and is recognized as one of the most respected player agents. He has represented athletes in various sports, including 45 first round NFL draft choices and hundreds of other NFL players.
GARY VERRILL Gary is President and Founder of Gary Clayton Entertainment, LLC, with a 45 year career devoted to performing and designing music and multimedia presentations. He has created and managed over twenty original live and filmed productions.
402 West Broadway, Suite 800
San Diego, California 92101
Copyright © 2014-2015 First Funding Sports & Entertainment LLC, All Rights Reserved