Saturday, August 15, 2009

Industry News: Fanball Buys NFFC, NFBC and Fantasy Sports Magazine

posted by Unknown
The Press Release:

Fanball, the premier provider of online fantasy sports contests, content, strategy and insight, announced the acquisition of the fantasy sports properties from F+W Media, Inc-- including the National Fantasy Football Championship and National Fantasy Baseball Championship contests as well as Fantasy Sports Magazine and the Company’s fantasy sports custom publications division.

Fanball’s acquisition combines two of the fantasy sports industry’s leading online and offline properties.

The National Fantasy Football Championship and National Fantasy Baseball Championship are the leading high stakes fantasy sports live event contests. Both contests feature a $100,000 Grand Prize, along with several other overall and league prizes. The high stakes contests also feature online and satellite leagues with varying price points.

Fantasy Sports Magazine has been published since 1989, and is one of the foremost fantasy sports analysis publications. The magazine currently prints four issues per year. The publication will join forces with Fanball’s wide array of fantasy sports and NFL draft-related publications. Fanball has provided fantasy sports contests and content since 1992, and has awarded more than $50 million in prize money over that time.

"Fanball is leveraging our extensive online userbase to enter the fast growing live events business for fantasy sports," said Ryan Houston, SVP of;;. "This enhances our product offerings and adds key personnel to our group as we continue to look at partnerships. We are thrilled to add two pioneers in the fantasy sports industry, Greg Ambrosius and Tom Kessenich. Their collective industry experience increases our presence on the national newsstand and bolsters our array of existing print publications."

“I’m excited and honored to be working with the Fanball team. This is the right move at the right time for our live events,” said Greg Ambrosius, founder of the National Fantasy Baseball and Football Championships. “With the great customer base that already exists with;; and CDM Fantasy Sports, the future is now brighter than it’s ever been for the NFBC, NFFC and other sports we look to be a leader in. Tom and I are excited about the future of the live events industry, about working on all of the Fanball print and online products, and about being a big part of one of the leading companies in the industry.”

Said David Blansfield, President, F+W Media, “Although we are exiting the fantasy sports market, this does not affect the rest of the sports community at F+W Media. We will continue to build our sports collectibles community through our books and magazines, auctions, data and online presence. It is a testament to their talent and reputation in the field that Greg and Tom, who have managed our fantasy sports and events businesses, have become employees of Fanball concurrent with this transaction. We congratulate them on this new opportunity.”

The National Fantasy Football Championship Main Event will occur Saturday, September 5 in Las Vegas, Chicago, and New York simultaneously, with satellite leagues taking place throughout the the next four weeks. The National Fantasy Football Championship also offers online leagues that are ongoing through the beginning of the NFL season at different price points from $125 to $1,000.

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