April 4, 2016 (Newswire.com) - Major League Football, Inc. (OTCQB: MLFB) ("MLFB", the "League" or the "Company"), a new, professional spring-football league today announced the League will launch a 'Development Season' this year and reschedule its inaugural year of professional, spring-league football to March of 2017.
In closed-door sessions at the Company’s Lakewood Ranch headquarters, MLFB management, coaches, player representatives and the League's business partners agreed to use the current season to further develop players, plan for staffing in cities and provide ample time for ticketing agencies and the League's broadcasting partner to advertise and market the League's formal kick-off in 2017.
“Professional sports and football must always be well-planned and organized to ensure success," began Wes Chandler, President of Major League Football. "Even with recent investments that would have enabled an abbreviated season of game play in our targeted eight cities, we came to the unified conclusion to use 2016 as a developmental season for our players and coaches. We felt our quality of play would not meet the standards we agreed to uphold for our league, MLFB fans and most importantly our players. This additional time also allows our sponsors and our broadcaster partner, Sinclair Broadcasting, to best prepare for the advertising and marketing needed to support a professional football league," Wes Chandler concluded.
Over the past four months MLFB has selected over 600 players from various tryout camps, player drafts and free agency. Throughout the 2016 Development Year, the League will continue to engage the coaching staff to ensure all players will be prepared for a successful spring 2017 season on and off the field. Once formalized, Major League football will announce and publicize a detailed Player Developmental Strategy to be executed by MLFB’s Management Team, head coaches and player representatives.
In addition to the $120 million we expect to receive from investors pursuant to our recently announced letter of intent for financing that would provide MLFB with capital and credit line facilities, other additional investments of capital are also expected. The Company is in discussions with an investment bank to provide the League with the necessary capital to achieve long term success. MLFB's expansion in additional U.S. cities and other countries for 2018 are also under review.
About Major League Football
Major League Football Inc. is a publicly traded, professional spring football league. MLFB is dedicated to creating an innovative, accessible, and fan-owned game, which is scheduled to kick off in 2017. MLFB'sstrategically placed spring / summer season will fill a critical need for outdoor football at that time of the year when sports content is in high demand. The league's teams will focus on emerging markets in select U.S. cities in order to grow the overall popularity of the sport.
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