Major Market Tailwinds and Outperformance in Sports Asset Class

The world’s most scarce and in-demand media properties (IP)

96/100

live events on TV in the US are sports

*Source: https://www.sportspro.com/
$60B+

invested by Private Equity into sports since 2020

*Source: https://www.businessinsider.com/
$10B+

spent globally by streaming platforms on sports media rights in 2024 ($2.8B in 2019)

*Source: https://www.sportspro.com/

Historic Outperformance

A resilient asset class with long-term upside, low correlation, and lower volatility

Why European Football?

01.
Global football is the most widely enjoyed sport in the world...

In a world where attention drives value, football’s global dominance offers unparalleled reach and cultural relevance — professional clubs represent some of the world’s most durable and valuable forms of intellectual property.

02.
…Yet European clubs are undervalued relative to Teams In Other Leagues

There is enormous value trapped in European football leagues and teams

Confidentiality. This presentation has been prepared solely for use by prospective investors of Football and Technology Fund II, LP (the “Fund” or “Fund II”) and shall be maintained in strict confidence. Any reproduction or distribution of this presentation, in whole or in part, or the disclosure of its contents, without the prior written consent of the Fund’s co-managers, Clara Vista Management Company LLC (“Clara Vista”) and ORG Portfolio Management LLC (“ORG”) (together, and collectively with their affiliates, the “Sponsors”) is prohibited. This presentation will be returned to the Sponsors upon request. The existence and nature of all conversations regarding the Fund must be kept confidential.

Governing Documents. This presentation has been prepared in connection with a private offering to accredited investors of limited partnership interests in the Fund (the “Interests”). Each investor will be required to execute a subscription agreement, a limited partnership agreement, and/or other definitive transaction documents to effect an investment (collectively, “Governing Documents”). If any of the terms, conditions or other provisions of the Governing Documents are inconsistent with or contrary to the descriptions or terms in this presentation, the Governing Documents shall control.

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Performance Information and Forward-Looking Statements. In considering the prior performance information contained herein, prospective investors should bear in mind that past performance is not necessarily indicative of future results, and there can be no assurance that the Fund will achieve comparable results. Certain statements in this presentation constitute forward-looking statements. Such forward-looking statements, including the intended actions and performance objectives of the Fund or the Sponsors referenced herein, involve known and unknown risks, uncertainties, and other important factors that could cause the actual results, performance, or achievements of the Fund or the Sponsors to differ materially. This material includes projected performance summaries of the Fund’s investments. Projections are hypothetical in nature and are shown for illustrative, informational purposes only. They represent potential results based on subjective assessments by the Sponsors of key underlying factors. In calculating the projected returns, the Sponsors have made a variety of estimates and assumptions including, among others, estimates of future operating results, the value of assets and market conditions at the time of disposition, related transaction costs, and the timing and manner of disposition or other realization events. These estimates and assumptions are inherently uncertain and are subject to numerous business, industry, market, regulatory, competitive and financial risks that are outside the control of the Sponsors. Actual operating results, asset values, timing and manner of dispositions or other realization events and resolution of other factors taken into consideration may differ materially from assumptions made by the Sponsors. No representation or warranty is made as to the reasonableness of the assumptions made or that all assumptions used in achieving the returns have been stated or fully considered. Changes in the assumptions may have a material impact on the projected returns presented. Projected returns do not reflect the actual returns of any portfolio and do not guarantee future results.

Ipswich Disclosure. Clara Vista and ORG are independent firms that have entered into an agreement to co-manage the Fund. An affiliate of each of Clara Vista and ORG will act as co-General Partners of the Fund. Each of Clara Vista and ORG currently serves as investment adviser to clients that have indirect ownership interests in Ipswich Town Football Club Company Ltd. (“Ipswich”), which is intended to be the Fund’s first investment. The Fund is being co-sponsored by Clara Vista and ORG in part to build upon, and help diversify, their clients’ existing interests in Ipswich. While Clara Vista and ORG have strong convictions that Ipswich is a valuable investment, it is expected that multiple parties will have direct and indirect interests in both Ipswich and the Fund, or interests in Ipswich that conflict (or are inconsistent) with those of the Fund. The following is a brief description of the various interests in Ipswich held by various parties. The potential and actual conflicts and risks implicated by the description below is non-exhaustive. Prospective investors must carefully review the Governing Documents for additional disclosures.

  • Two funds managed by ORG (collectively, the “ORG Funds”) collectively own 45.32% of the Non-Voting Shares (the “ORG Non-Voting Shares”) of Gamechanger 20 Ltd. (“Gamechanger”), the entity that owns 99% of the outstanding equity interests in Ipswich. One of the ORG Funds also owns 75% of the Ordinary Shares of Gamechanger (the “ORG Ordinary Shares”). A state pension fund in the United States (the “Pension Fund”) is the sole limited partner in each of the ORG Funds. Pursuant to a transaction currently pending, the applicable ORG Fund will sell all of the ORG Ordinary Shares, and the ORG Funds together will sell 90% of the ORG Non-Voting Shares to a newly formed entity (“NewCo”) for a purchase price, based on third-party valuation, that represents a gain on the initial investment and additional purchase. The ORG Funds will contribute the remaining 10% of the ORG Non-Voting Shares in exchange for an interest in NewCo. The Fund is expected to purchase a majority interest in NewCo and the Pension Fund is expected to make an anchor investment in the Fund.

  • A pooled investment vehicle and a special purpose vehicle managed by Clara Vista (together, the “CV Entities”) each indirectly owns Non-Voting Shares in Gamechanger through an interest in an investment vehicle managed by a third party. In addition, another fund managed by ORG (the “ORG Entity”) also indirectly owns Non-Voting Shares in Gamechanger through an interest in a different investment vehicle managed by another third party. The ownership interests in Gamechanger indirectly held by the CV Entities and the ORG Entity will not be contributed to NewCo.

  • The Site does not purport to contain all of the information that may be required to evaluate the matters discussed herein. It is not intended to be a risk disclosure document. Further, the Site is not intended to provide recommendations, and should not be relied upon for tax, accounting, legal, or business advice. Persons granted access to this Site are encouraged to ask questions of and receive answers from the general partner of the Company and to obtain any additional information they deem necessary concerning the matters described herein.None of the information contained on this Site has been filed or will be filed with the Securities and Exchange Commission, any regulator under any state securities laws, or any other governmental or self-regulatory authority. No governmental authority has passed or will pass on the merits of the offering or the adequacy of this information. Any representation to the contrary is unlawful.

  • Clara Vista intends to offer existing investors in the CV Entities the opportunity to purchase certain shares of Gamechanger directly from NewCo.

  • The proposed Investment Committee of the Fund will consist of: Bob Gold, Managing Partner of Clara Vista; Jeff Gaspin, a Senior Advisor to Clara Vista; William Hapworth, Managing Director at TIA Ventures; Ed Schwartz, Principal at ORG; Kevin Stone, a Vice President at ORG; and Mark Ashton, the Chairman and CEO of Ipswich. Mark Ashton will not have any involvement in any decision-making regarding any investment by the Fund in Gamechanger or the management or disposition of any of the Fund’s interests in Gamechanger.

  • Members of the Investment Committee will have varying interests in Ipswich – directly through Ipswich, or indirectly through the Fund, the co-manager entities, the co-general partner entities, different advisory clients invested in Ipswich from whom they indirectly receive compensation or other economic benefits – and such varying interests will create varying incentives for the Investment Committee members. In some instances, they may have an incentive to act in a manner that is less favorable to the Fund and more favorable to another entity or interested party.

Subjective Statements. This document includes statements based on the Sponsors’ subjective judgements, beliefs and opinions that are subject to change. Other market participants or third parties may have different views or may reach different determinations relating to the investment thesis as described by the Sponsors.

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Significant Risk. An investment in the Fund involves significant risk, volatility, and illiquidity. There is no guarantee that the Fund’s investment objective will be achieved. There is the possibility of loss, and all investment involves risk, including the loss of entire principal.