JB Fitzgerald Venture Capital joins Phenom Hoop Report as Strategic Investor and Managing Partner
For release: April 21, 2020 at 5:30pm EST
Contact: Jonah Baize
CHARLOTTE, NC., April 21, 2020: Monday of last week, the ownership of Phenom Hoop Report, LLC, led by President Rick Lewis, finalized a strategic partnership with JB Fitzgerald Venture Capital, LLC, led by partners Trevor Booker and Jonah Baize. The partnership constructed deems JB Fitzgerald as Managing Partner and owner of an undisclosed majority share in the company. JB Fitzgerald is one of the leaders in Venture Capital funding in the Carolinas, with a focus on sports and entertainment businesses. Phenom Hoop Report joins the JB Fitzgerald conglomerate of various successful Sports and Entertainment businesses including MLS team, D.C. United, and Private Sports Boarding High School, Combine Academy. The newly constructed partnership allows Phenom Hoop Report to capitalize on their already existing and rapidly growing audience and success.
Phenom Hoop Report entered 2020 after having achieved the best the financial year, and highest gross annual revenue in its 17-year tenor. JB Fitzgerald Venture Capital, having an eye for promising and talented brands, and a knack for scaling sports companies, identified Phenom in 2019 as a potential outlet for them to place their next strategic investment. JB Fitzgerald joins Phenom leadership with one intent, and one intent only, to help scale and grow the already unbelievably reputable reach of the brand.
“Phenom and Rick Lewis have created an incredibly reputable outlet for student-athletes, coaches, and teams to exploit their talent. We have analyzed dozens of similar businesses and have never seen a brand with such positive customer satisfaction and overwhelmingly positive regional reputation in the industry. Our goal is to deploy our proven resources to help drive Phenom to become a nationally recognized engine in the sports media and event space.” President of JB Fitzgerald Venture Capital, Jonah Baize said.
During the acquisition phase, some of the relevant ideas for expansion discussed amongst Phenom Hoop Report and JB Fitzgerald Venture Capital leadership were: Starting a Live Streaming platform, Expanding to different regions of the Carolinas for new scholastic events, Launching an upgraded Collegiate Scouting Service inclusive of academic and compliance information, Creating a Basketball Coaching Job Board that premiers the available vacancies at the High School and Prep School levels, Enhancing Social Media reach, Hiring new staff from the Collegiate level, and introducing a Phenom Boarding Camp series that allows for athletes and teams to take advantage of an all-inclusive overnight experience.
“I couldn’t be more eager to collaborate with the proven leadership at JB Fitzgerald Venture Capital. Our goal is to make Phenom’s platform even more accessible to the colleges, students, coaches, and teams that value from it. We have a platform that adds value to so many people, and we want to double down on the ability to do that” President of Phenom Hoop Report, Rick Lewis stated.
Phenom Hoop Report and JB Fitzgerald Venture Capital will be hosting an Instagram Live Official Announcement and Q&A Session at 7:30pm EST on April 21, 2020.
To learn more about Phenom Hoops, visit www.PhenomHoopReport.com.