Grand Prix Rugby announced Thursday the acquisition of its New York franchise interest by investor Carol Alyssa Childress at a reported price of $10 million.
Grand Prix Sports Chairman Alan Rothenberg, a member of the US Soccer Hall of Fame, endorsed Ms. Childress, stating, “In any league formation, the first crucial anchor investors and franchisees are the cornerstones on top of which you build a league and Ms. Childress is exactly the kind of partner who will help bring America’s elite rugby athletes to the Olympics in 2016 to defend the gold medal.”
Childress' background includes music, engineering and investments in media assets and entertainment projects. Assisting Ms. Childress in the acquisition were her attorney, Ronald E. Salley of New York, New York, a graduate of Harvard Law who has practiced in the field of sports and entertainment for over 20 years; the international accounting firm of Citrin Cooperman; and Craig A. Gleason, Vice President, Private Client Manager, U.S. Trust, Bank of America Private Wealth Management, New York, New York.
Grand Prix Entertainment founder and Chairman William Tatham said, “Ms. Childress is a smart, independent and aggressive businesswoman who thinks out of the box allowing her to clearly see, and then seize, the amazing multi sports and entertainment opportunity Grand Prix affords. Bottom line, Alan and I are proud to have Alyssa and Mr. Jackson as partners.”
This is the third major announcement from Grand Prix in the last four weeks. On March 27, Grand Prix declared the Home Depot Center in Los Angeles as the home for its "upcoming Rugby Sevens world championships."
On April 12 Grand Prix announced the NFL Network as its exclusive US broadcaster for the aforementioned event, which, according to the press release, is set to kick off July 2013.