Fantasy football start-up backed by Nick Kyrgios valued at zero dollars


A start-up backed by sports stars Nick Kyrgios, Steve Smith and Naomi Osaka has lost a co-founder and several staff, now being written down to $0 by its largest investor.

According to the Australian Financial Review, the start-up, “One Future Football”, is based on the popular “fantasy football” leagues that fans create based on real soccer competitions.

Founded last year, the business does not rely on gambling, but on selling merchandise, commercial partnerships, and “player cards.”

Nick Kyrgios (left) and Naomi Osaka (right).
Nick Kyrgios (left) and Naomi Osaka (right). Photo:
One Future Football founders Rohit Bhargava and Peter Davis.
One Future Football founders Rohit Bhargava (left) and Peter Davis. Photo: The Sydney Morning Herald.

The company laid off staff and co-founder Rohit Bhargava who chose to focus on his podcast and investing, having a negative impact on the growth of the start-up.

Industry sources, who spoke anonymously to preserve relationships, said Blackbird Ventures, which led One Future Football’s $3 million seed round last year, had recently valued its stake as $0.

A Blackbird spokeswoman declined to comment directly on the valuation but said the start-up was “at the beginning of its journey” and had “many fresh ideas around how fans engage with sport.”

One Future Football, now led solo by co-founder Peter Davis, did not respond to requests for comment. Kyrgios, Smith and Osaka’s representatives were contacted for comment.

Source: Australian Financial Review




By subscribing you accept our Terms of Service and Privacy Policy.


Latest News

Panagia Soumela Monastery: Pilgrimage to the ancient cradle of Pontic Hellenism

Carved into Mount Melas in Trabzon, the Monastery of Panagia Soumela has stood proudly for over 1,600 years.

Memories that ‘bleed’: A visit to the Armenian Genocide Museum

The wine, the conversation with Maria and Aram, all pieces in the puzzle of my stay in Armenia’s capital had been carefully placed.

Australian Business Summit Council launch fifth issue of ‘Ekonomos’

The Australian Business Summit Council Inc. hosted 250 business leaders, diplomats and politicians at its lavish Annual Gala Dinner.

Dora and George Hatzikiriakos’ fish and chip shop among the best on NSW South Coast

The Eurobodalla on the NSW south coast is home to some of the best fish and chip joints. "Harzikiriakos' Ocean Grill is one of them.

Two Greek beaches among Tripadvisor’s top European beaches for 2024

Greece saw two beaches included in Tripadvisor’s Best Beaches in Europe for 2024, as part of its annual Travellers’ Choice Awards.

You May Also Like

Turkey’s President Erdogan threatens Greece with a missile attack

The President of Turkey, Recep Tayyip Erdogan, threatened Greece with a missile strike during a speech on Sunday in Samsun, northern Turkey.

Dennis Bastas on his success in Australia’s pharmaceutical industry

The co-founder, Chairman and CEO of Arrotex Pharmaceuticals, Dennis Bastas, has he placed 110th in ‘Australia’s Richest 250’ list.

Secretary General for Greeks Abroad meets with GCM President Bill Papastergiadis

Secretary General for Greeks Abroad, John Chrysoulakis, has met with the President of the Greek Community of Melbourne, Bill Papastergiadis.