All-time leading Denver Broncos rusher will serve as an authority on League-related matters

Hall of Fame Resort & Entertainment Company (“HOFV” or the “Company”) (NASDAQ: HOFV, HOFVW), the only resort, entertainment and media company centered around the power of professional football, today announced it has appointed Hall of Fame running back and Denver Broncos legend Terrell Davis as its first Commissioner of the Hall Of Fantasy League (“HOFL”). The Hall Of Fantasy League, which comprises 10 franchises, is the first national league that allows sports fans to experience a fantasy football team with a community of shared stakeholders.

As Commissioner, Davis will promote fair play and support the integrity of the League. He will also serve as a media spokesperson for the HOFL, among other responsibilities. The NFL legend will leverage his years of professional football experience to bring an exciting and unique perspective to the game of fantasy football and participants of the HOFL, while helping to advance the mainstream appeal and credibility of the HOFL brand.

“It goes without saying that we scored a—pun intended—‘TD’ by signing Terrell Davis, one of the greatest running backs in NFL history, as our League Commissioner,” said HOFV President and CEO Michael Crawford. “Not only is Terrell well-versed in professional football, he is an all-around amazing person and is widely respected in the world of sports and is the perfect ambassador for the HOFL brand. We are excited to work with Terrell to elevate the HOFL to new heights.”

Davis, nicknamed “TD,” was the 196^th player selected overall in the 1995 NFL Draft by the Denver Broncos, and became the lowest-drafted player to rush for 1,000 yards in his inaugural season. As a relatively unknown rookie, he was placed in a starting role as tailback, and subsequently earned the All-Pro designation three times throughout his playing career. He rushed for 7,607 yards and 60 TDs in just 78 career games. Davis retired as the Denver Broncos’ all-time leading rusher and still holds the record for most postseason single-season touchdowns at eight. He was inducted into the Pro Football Hall of Fame in 2017.

Davis stated, “I am thrilled to join forces with the HOFL and serve as the League’s first Commissioner in its inaugural season. As someone who was drafted in the sixth round, went on to win two Super Bowls and became a Hall of Famer through hard work and endless sacrifice, I understand what it takes to be successful both on and off the field. I look forward to approaching my position as Commissioner with the same tenacity that I brought to the field on Sundays, and to transforming the HOFL into a household name in fantasy sports.”

The HOFL’s inaugural draft is expected to take place in summer of 2021 and its first season will commence alongside the 2021-22 NFL season. The League will leverage its access to the Pro Football Hall of Fame, NFL alumni and fantasy football personalities to create original video, audio and written league-focused content that will be hosted on its platform, helping to entertain, educate and engage team stakeholders throughout each week of the season. Those who purchase stakes in any of the League’s 10 franchises are eligible to receive their pro rata share of winnings based on the success of their respective franchise during the 2021-22 season.

About Hall of Fame Resort & Entertainment Company

Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) is a resort and entertainment company leveraging the power and popularity of professional football and its legendary players in partnership with the Pro Football Hall of Fame. Headquartered in Canton, Ohio, the Hall of Fame Resort & Entertainment Company is the owner of the Hall of Fame Village powered by Johnson Controls, a multi-use sports, entertainment and media destination centered around the Pro Football Hall of Fame’s campus. Additional information on the Company can be found at www.HOFREco.com.

About Hall of Fantasy League

Hall of Fantasy League (HOFL) is the first National Fantasy League that allows you to experience a fantasy team with a community of shared Stakeholders. Launching with 10 regionally based franchises in key U.S. markets, HOFL teams will be managed by a dedicated front office of fantasy experts and include former NFL players as team ambassadors. Participation in the league will come in the form of staking, which will allow the public to financially back individual teams, become team Stakeholders, and gain access to exclusive content, communications, and team governance features. The HOFL’s inaugural draft is expected to take place in summer of 2021 and its first season will commence alongside the 2021-22 NFL season. For more information visit www.thehofl.com.

Forward-Looking Statements

Certain statements made herein are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words and phrases such as “opportunity,” “future,” “will,” “goal,” and “look forward” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include the inability to recognize the anticipated benefits of the business combination; costs related to the business combination; the inability to obtain or maintain the listing of the Company’s shares on Nasdaq; the Company’s ability to manage growth; the Company’s ability to execute its business plan and meet its projections; potential litigation involving the Company; changes in applicable laws or regulations; general economic and market conditions impacting demand for the Company’s products and services, and in particular economic and market conditions in the resort and entertainment industry; the potential adverse effects of the ongoing global coronavirus (COVID-19) pandemic on capital markets, general economic conditions, unemployment and the Company’s liquidity, operations and personnel, as well as those risks and uncertainties discussed from time to time in our reports and other public filings with the SEC. The Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

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