On Tuesday, OVW announced a new partnership with Genvec Ventures. The promotion issued the following:
OVW IS EXCITED TO ANNOUNCE THAT IS HAS SECURED A NEW INVESTMENT AND STRATEGIC PARTNERSHIP WITH GENVEC VENTURES. THE AGREEMENT ENSURES OW’S FINANCIAL STABILITY GOING FORWARD, ADDS GENVEC VENTURES AS A NEW MINORITY OWNERSHIP GROUP AND BRINGS ED PAYER ABOARD AS OUR NEW CHIEF EXECUTIVE OFFICER IN CHARGE OF DAY-TO-DAY BUSINESS AFFAIRS.
THIS STRATEGIC PARTNERSHIP MARKS A PIVOTAL MOMENT IN OVW WRESTLING’S HISTORY. IT’S A FUSION OF FINANCIAL STABILITY AND A SHARED VISION FROM GENVEC VENTURES THAT PROMISES TO ELEVATE OUR BRAND AND THE WORLD OF PROFESSIONAL WRESTLING. AS THE NETFLIX SHOW “WRESTLERS” SHOWED THE WORLD, OVW IS A SPECIAL PLACE, WITH AMAZING WRESTLING LEADERSHIP IN AL SNOW, TREMENDOUS TALENT IN OUR LOCKER ROOM AND A FANBASE THAT IS UNMATCHED. WHAT WE NEEDED WAS RESOURCES, AN INFUSION OF TIME/EXPERTISE AND A SET OF INDIVIDUALS POISED TO ELEVATE THE COMPANY FROM A BUSINESS PERSPECTIVE. THIS PARTNERSHIP GIVES OVW ALL THREE.
MATT JONES WILL REMAIN THE HEAD OF THE MAJORITY OWNERSHIP GROUP THAT INCLUDES A NUMBER OF OTHER PARTNERS IN THE KENTUCKY AREA AND WE ARE ALL EXCITED ABOUT BRINGING GENVEC’S NEW INVESTMENT AND IDEAS TO THE TABLE. MATT WILL STILL CONTINUE WORKING ON OV’S FUTURE TOURING IN KENTUCKY AND FOR THE FIRST TIME IN 2024, AROUND THE UNITED STATES. HE WILL ALSO FOCUS ON TELEVISION AND DISTRIBUTION RIGHTS TO TAKE OVW TO A WIDER AUDIENCE.
OUR NEW PARTNERS ARE COMMITTED TO OUR ETHOS OF DELIVERING EXHILARATING WRESTLING ENTERTAINMENT AND NURTURING EXCEPTIONAL TALENT. AS NEW HEAD OF DAY TO DAY BUSINESS OPERATIONS, ED PAYER BRINGS A WEALTH OF BUSINESS EXPERIENCE TO OVW WRESTLING AND HIS OWNERSHIP GROUP BRINGS CORPORATE AND DIGITAL EXPERTISE FROM AROUND THE WORLD. HIS LEADERSHIP AND VISION ARE ALIGNED WITH OUR GOALS TO INNOVATE AND ENHANCE THE WRESTLING EXPERIENCE FOR OUR FANS. WITH ED AND HIS PARTNERS, A LARGE INFUSION OF RESOURCES AND UPGRADES HAVE ALREADY OCCURRED AND WE ARE POISED TO REACH NEW HEIGHTS AND EXPLORE EXCITING POSSIBILITIES.
AS WE EMBARK ON THIS JOURNEY, OUR DEDICATION TO OUR FANS AND THE INTEGRITY OF OVW WRESTLING REMAINS STEADFAST. PREPARE FOR A THRILLING RIDE INTO THE FUTURE OF WRESTLING ENTERTAINMENT, WHERE TRADITION MEETS INNOVATION.
THANK YOU FOR YOUR CONTINUED SUPPORT AND BE READY FOR MORE EXCITING ANNOUNCEMENTS IN THE VERY NEAR FUTURE.
GLADIATOR SPORTS NETWORK CHAIRMAN
MATT JONES
[email protected]
WWW.OVWRESTLING.COM
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Ohio Valley Wrestling (OVW) recently announced a new partnership with Genvec Ventures, which is expected to have a significant impact on the promotion’s future. This strategic partnership brings financial stability to OVW and introduces Genvec Ventures as a minority ownership group. Additionally, Ed Payer has been appointed as the new Chief Executive Officer, responsible for overseeing day-to-day business affairs.
The collaboration between OVW and Genvec Ventures is considered a pivotal moment in the history of OVW Wrestling. It combines financial stability with a shared vision from Genvec Ventures, promising to elevate the brand and the world of professional wrestling. As demonstrated by the Netflix show “Wrestlers,” OVW is known for its exceptional wrestling leadership under Al Snow, talented roster, and unmatched fanbase. However, what the promotion needed was additional resources, expertise, and individuals capable of elevating the company from a business perspective. This partnership provides OVW with all three.
Matt Jones will continue to lead the majority ownership group, which includes several partners from the Kentucky area. Jones will focus on OVW’s future touring plans in Kentucky and, for the first time in 2024, expand to other parts of the United States. He will also concentrate on securing television and distribution rights to reach a wider audience.
The new partners are committed to delivering exhilarating wrestling entertainment and nurturing exceptional talent, aligning with OVW’s ethos. Ed Payer, as the head of day-to-day business operations, brings a wealth of business experience to OVW Wrestling. His ownership group also contributes corporate and digital expertise from around the world. With Payer’s leadership and vision, OVW has already experienced significant upgrades and an infusion of resources, positioning the promotion to reach new heights and explore exciting possibilities.
Throughout this journey, OVW remains dedicated to its fans and upholds the integrity of OVW Wrestling. The promotion promises a thrilling ride into the future of wrestling entertainment, where tradition meets innovation. Fans can expect more exciting announcements in the near future.
For the latest wrestling news, fans can visit eWrestlingNews.com or follow the website on Twitter and Facebook. OVW encourages fans to continue their support and stay tuned for upcoming developments.
In conclusion, the partnership between OVW and Genvec Ventures marks a significant milestone for OVW Wrestling. With financial stability, new ownership, and experienced leadership, OVW is poised to elevate its brand and deliver exceptional wrestling entertainment to fans worldwide.