Spark Compass & EAS
Spark Compass
• San Diego based, former Qualcomm R&D Exec
• Builds technology ecosystems, many sports projects including Wimbledon and Americas Cup
• Recently completed CVEATC new internal systems of CRM and Housing EAS Benefits / Business Case
• Helps drive our Vision to be the leading training center in the world; technology is critical, yet missing component today
• Grow training revenue and strengthen financial health Terms & Financials
Deal Scope
• Facility Naming Rights for 5 years with 5-year extension option • Private 5G Network campus-wide
• Athlete technology services for training, recovery, nutrition & sleep • Sports Facility addition – Speed & Agility & eSports centers Financials
• $2 million per year for 5 years
• Incremental training revenue at EAS normal standard rates • Revenue share on athlete tech services and technology sponsorships
Deal Timeline
1.Conversations Begin – Q2 2023
2.Formal Proposal – September 2023
3.Begin Process with City – September 2023
4.Draft agreement sent to Spark – September 19
5.Negotiation period – mid-October- early November
6.Expected launch date – November 1-15