Understand the Opportunity
The answers below provide a general overview.
Sports Fund 1
and USBN
Sports Fund 1, LLC is a privately managed investment company created to provide capital, oversight, and strategic support to select privately owned sports-related businesses. Its initial strategic focus is the growth of the United States Basketball Network.
Many sports businesses have growth opportunities but lack sufficient working capital, financial controls, sales infrastructure, and experienced operating oversight. SF1 was created to connect capital with defined operating priorities and long-term value creation.
No. Sports Fund 1 and the United States Basketball Network are separate entities. They share common leadership, and SF1 is the official investment company supporting USBN. The relationship and any related-party transactions should be disclosed and governed by written agreements.
USBN is a professional basketball organization outside the NBA. It produces the United States Basketball Championship, supports and operates professional teams, develops league and team commercial inventory, and distributes games and content through USBNtv, the USBN app, web, and social media.
USBN has an existing operating base, direct access to teams and games, owned media and commercial rights, and a defined five-season growth plan. SF1 leadership also has direct operating knowledge of USBN and its capital needs.
USBN is the initial strategic focus. SF1 may consider other privately owned sports-related businesses if permitted by the governing and offering documents and approved under the fund’s investment process. The website should not imply a diversified portfolio until additional investments have actually closed.
Offering &
Investor
Eligibility
No. Sports Fund 1 is not a publicly traded company, mutual fund, bank product, or exchange-traded fund. Any investment would be a private and illiquid investment made under applicable securities law and definitive offering documents.
No. The website is for general informational purposes. Any offering will be made only through authorized definitive offering documents and only to persons or entities that meet the applicable eligibility requirements.
Eligibility will be determined by the final offering structure, applicable securities law, and the representations required in the subscription documents. SF1 may decline any prospective investor even if minimum eligibility requirements are met.
The current proposed minimum investment is $10,000. The final minimum, any higher minimum for certain investors, and the right to accept a smaller or larger amount must be stated in the definitive offering documents.
Any maximum or concentration limit will be determined by SF1, the total raise, investor eligibility, and the final offering documents. Prospective investors should request the current terms rather than relying on website assumptions.
The current proposed framework includes a $10,000 minimum investment and investor participation in 80% of distributable Sports Fund 1 profits. These terms are subject to final documentation and are not guaranteed.
Returns,
Distributions, &
Liquidity
The current concept is that investors collectively participate in 80% of Sports Fund 1’s distributable profits, while 20% is retained by the manager or company. The final documents must define distributable profit, expenses, reserves, loss carryforwards, preferred-return priority, timing, and allocation among investors.
Distribution timing will be established in the definitive documents and will depend on available cash, operating performance, reserves, obligations, and management decisions permitted by those documents. There should be no assumption of monthly, quarterly, or annual cash payments unless expressly stated.
The investment term, extension rights, dissolution process, and conditions for returning capital must be stated in the final offering and governing documents. Private sports investments should be treated as long-term and illiquid.
An early withdrawal or redemption right should not be assumed. Transfers, withdrawals, or redemptions may be restricted, subject to manager approval, or unavailable. Investors should commit only capital they can leave invested for the full stated term.
There is expected to be no public market. Resale or transfer may be restricted by law and the governing documents, and a buyer may not be available. The investment should be considered illiquid.
Use of Capital &
USBN Growth
Capital is expected to support approved sports operating and growth priorities, including teams and markets, games and venues, broadcast and content production, app and media infrastructure, sponsorship and ticket sales, insurance, compliance, working capital, and reserves. Actual uses will follow approved budgets and final agreements.
USBN’s planned revenue sources include tickets, league and team sponsorships, media and advertising, merchandise, concessions, licensing, team development, and related events or services. Actual revenue will depend on execution and market demand.
Management’s current targets call for growth from 10 teams and 90 games or events to 56 teams and 628 games or events, with projected annual paid attendance of 2.6 million and projected gross revenue of $166 million. These are targets, not guarantees.
USBN has a 2026 professional team base, scheduled games, the USBC Champion League and national championship asset, USBNtv, web and mobile-app distribution, sponsorship and media inventory, founder-operated teams in multiple Georgia markets, and a community-impact partnership with Benefits With Basketball.
Risk, Governance,
& Reporting
Primary risks include loss of capital, illiquidity, early-stage execution, dependence on a small management team, additional capital needs, sponsorship and attendance uncertainty, operational and safety exposure, related-party conflicts, legal and regulatory requirements, and the possibility that projections are not achieved.
Brian Caswell leads both SF1 and USBN, which creates potential conflicts involving valuations, investment terms, fees, capital allocation, reporting, and related-party transactions. The final documents should disclose these conflicts and establish written approval, documentation, and reporting procedures.
SF1 intends to provide investor reporting, but the frequency, content, financial statements, tax reporting, and rights to information must be defined in the governing and offering documents. Investors should ask for the written reporting standard before subscribing.
Tax treatment depends on SF1’s legal and tax structure and the investor’s circumstances. The final documents should state the expected tax reporting, such as whether investors receive a Schedule K-1 or another form. Each investor should consult an independent tax adviser.
Yes, this is why the fund is an 80/20 split. 20% goes to the cost of Sports Fund 1. All management compensation, organizational expenses, legal and accounting costs, operating expenses, reimbursement rights, and profit participation must be disclosed in the final documents. Investors should understand which expenses are paid by SF1, USBN, the manager, or the investors.
Strategic
Relationships
and Next Steps
Potentially, but all investment and sponsorship should be documented as separate transactions with separate economics, deliverables, approvals, and compliance reviews. Sponsorship benefits should not be represented as investment returns, and investment acceptance should not be conditioned on buying sponsorship.
Use the Request Investor Information form or email info@sportsfund1.com. Provide your full name, company or occupation, telephone number, email address, general investment range, and the best time for a confidential conversation.
Submit the contact form and select “Investor Meeting,” or email info@sportsfund1.com. A meeting should be scheduled only after basic qualification so the conversation can focus on the opportunity, documents, risks, and next steps.
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