FOR IMMEDIATE RELEASE
NBA All-Star Baron Davis Agrees to Invest in Fan Owned SailGP Racing Team
Former professional basketball player and entrepreneur joins innovative pro sports-ownership movement
JACKSON, Wyo. — July 24, 2023 — FANVEST.io, a place for fans to “invest in what they love,” today announced entrepreneur, investor and two-time All-Star NBA player Baron Davis has agreed to become the first professional athlete participant and investor in its Fan Owned SailGP Team, a new team in the global SailGP League. FANVEST.io allows passionate fans the opportunity to invest in the ownership of various sports and entertainment entities.
“Investing in culture and having a stake in ownership alongside fans is the strongest way to engage a community,” said Davis, a 13-year NBA veteran who is a recognized entrepreneur exploring the intersection of sports, entertainment and technology. “As a former professional athlete, it's empowering to see ownership handed over to the fans.
“It’s an exciting next chapter for the future of sports, and I plan on being active in the ownership community to get the first-ever fan owned SailGP team on the water and racing.”
The new Fan Owned SailGP Team is the first professional sailing team to allow fans to both invest in a team and participate as owners (up to 1,950 investors). Through the venture, investors enjoy participatory ownership with VIP race weekends, team meetings and more, along with team governance through a hybrid decentralized autonomous organization (DAO) structure, leveraging the NEAR Protocol that allows voting on key proposals, from the name of the team to electing the sporting manager.
The new Fan Owned SailGP Team aims to be the 11th team in the highly competitive global sail racing league, that recently kicked off Season 4 in June in Chicago and continued with the first-ever Oracle Los Angeles Sail Grand Prix July 22-23, 2023. The season comprises 12 events and visits iconic destinations including Saint-Tropez, France; Sydney, Australia; Auckland, New Zealand; Bermuda, New York and San Francisco. The Fan Owned SailGP Team is expected to premiere in Season 5 (2024) and will be based in Bermuda, covering the Bermuda and Caribbean regions.
With the unique opportunity to combine passion for sports with diverse investments and globally rich experiences as team owners, fans can invest in the Fan Owned SailGP Team alongside Davis. To become a shareholder, interested fans must be an accredited investor and can commit from $5,000 to $200,000. The investment is tokenized on the NEAR Protocol to allow for potential liquidity and authentication of ownership. The launch of the Fan Owned SailGP Team is tied to the closing of the transaction.
“Baron’s extensive experience nurturing the innovative developments of new technology and athletic accomplishments aligns perfectly with our goal to transform the current state of professional sports team ownership into a unifying opportunity for athletes and fans to create a high-performance competitive team,” Bernoulli | Locke CEO and Founder David Palmer said. “As we look to further develop the Fan Owned SailGP Team image and unveil more progression along our journey to becoming the 11th SailGP team, Baron will serve as an integral part in the next era of sports ownership.”
Davis is widely praised for his entrepreneurial work across tech and Web3 sectors. His company, Baron Davis Enterprises, has launched businesses including The Black Santa Company, Business Inside the Game (BIG) and More Than Us. His latest venture, SLiC Images, is a photo and video rights management platform that aims to empower athletes-turned-creators through foundational Web3 tools for community engagement. Through his business ventures, Davis continues his mission of combining creative talent with original publication and production to provide educational and empowering stories that appeal to global audiences of all ages.
To learn more and join the exclusive community of SailGP investors, visit FanOwnedSailGPTeam.com. The information in this release is not financial or investment advice. *
FANVEST.io by Bernoulli | Locke is a place for fans to “invest in what they love.” FANVEST.io is built on the power of experiences to change lives. FANVEST.io is designed to offer new opportunities of “passion-investing.” Passion investors desire to have their investment portfolio reflect their passions and interests – including experiential benefits. The team at FANVEST.io has led hospitality, music, entertainment and sports experiential partnerships with many top properties and IP.
SailGP is the world's most exciting racing on water. The global championship features national teams battling in short, intense races at iconic stadium-style venues across the globe. The high-tech, high-speed action features sailing's best athletes racing in identical hydrofoiling F50 catamarans, flying at speeds approaching 100 km/h. SailGP also races for a better future, championing a world powered by nature. Visit SailGP.com for more information.
About NEAR Foundation
The NEAR Foundation is a Swiss nonprofit that supports the growth and development of the NEAR Protocol, a high-performance carbon-neutral blockchain that is designed to be super-fast, incredibly secure and infinitely scalable. NEAR Protocol is built by an award-winning team of engineers and entrepreneurs to be simple to use, inclusive and good for the environment.
About Bernoulli | Locke
Bernoulli | Locke is focused on creating and investing in member-based businesses organized around passions and experiences. We invite individuals to explore their interests in new ways by utilizing the tools of Web3 to create unique and innovative community engagement and to invest in and own businesses leveraging the benefits of a DAO to better serve their passions.
Mandy Holm / Jennifer Gordillo
770-856-9123 or BernoulliLockePR@HemsworthCommunications.com
For Baron Davis:
Mary Beth Sales
310-430-5277 or M@TheMaryBeth.com
*This press release is issued solely for informational purposes and should not under any circumstances be relied upon when making a decision to invest in any equity tokens offered for sale by the Fan-Owned Sail Team LLC. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities. Any offer to sell or solicitation of an offer to buy will be made only to purchasers who establish that they are accredited investors under Section 506(c)(3) of the requirements of the U.S. Securities Act of 1933, as amended, and compliance with the applicable securities laws of any other jurisdiction in which such tokens may be offered or sold by the company. Equity tokens will only be offered to purchasers who have executed a confidentiality agreement with the company with the sale made pursuant to a confidential offering memorandum, subscription agreement and other critical related documentation.