JT III and American Cornhole League!
Sept 14, 2021 10:42:32 GMT -5
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Post by SSHoya on Sept 14, 2021 10:42:32 GMT -5
Former Georgetown University men's basketball coach John Thompson III is now an owner of a cornhole sports company.
Thompson III and Asland Capital Partners CEO James Simmons III invested in the American Cornhole League. The transaction is ACL's first funding round, but specific terms were not provided.
In an interview with CNBC on Monday, Thompson III, the son of legendary Georgetown University coach John Thompson, explained the investment in ACL, adding the league is positioned to increase revenue over this decade due to its growing popularity.
"You kind of chuckle when you think about it," Thompson III said of investing in cornhole. "But as you dive in and do the research, cornhole is one of the fastest-growing sports in the world."
ACL launched in 2016 in South Carolina. The company has successfully leveraged the popular game -- which requires participants to toss bags of corn kernels onto a platform for points -- into a TV sport similar to bowling.
Thompson III and Asland Capital Partners CEO James Simmons III invested in the American Cornhole League. The transaction is ACL's first funding round, but specific terms were not provided.
In an interview with CNBC on Monday, Thompson III, the son of legendary Georgetown University coach John Thompson, explained the investment in ACL, adding the league is positioned to increase revenue over this decade due to its growing popularity.
"You kind of chuckle when you think about it," Thompson III said of investing in cornhole. "But as you dive in and do the research, cornhole is one of the fastest-growing sports in the world."
ACL launched in 2016 in South Carolina. The company has successfully leveraged the popular game -- which requires participants to toss bags of corn kernels onto a platform for points -- into a TV sport similar to bowling.