In the wake of their Chapter 11 bankruptcy filing, Federated Sports+Gaming, parent company to the Epic Poker League, has lost two of its most influential Board members.
Two weeks ago, Chicago billionaire J.B. Pritzger was removed as a member of the company’s Board of Directors.
Now, FS+G Co-CEO Michael Brodsky is no longer listed, having resigned his position.
Pritzker was among the first money in FS+G. His company, CountyLine LLC, was listed in FS+G’s bankruptcy filing. Pritker’s involvement on the Board of Directors was viewed by many as a major credibility booster for the start-up.
Michael Brodsky was considered by insiders as the “alpha male” within FS+G (he was voted by industry peers as the FS+G rep in our post-Black Friday Power 20). Brodsky was responsible for bringing Pritzker (and his investment money) into FS+G. Brodsky’s resignation from the company would be considered a serious blow to their ability to raise future finacial capital.
Brodsky previously headed up YouBet, which was sold to Churchill Downs. He currently sits on Churchill’s Board of Directors.
We attempted to contact Michael Brodsky regarding his decision to leave Federated, but he has not responded to our inquiry.