Future of sports site 20Four in doubt following departure of executives, website closure and defaulted payment to WeThinkMedia
The future of digital sports business 20Four is in doubt, following a website shutdown and note from stakeholder Chapmans Limited which told shareholders the business had not met financial expectations.
In a note made to the ASX in September, Chapmans, which has a 39% stake in 20Four, informed shareholders it would no provide investment in the company, adding the business was undertaking a change in leadership. CEO Chris Haigh left a couple of months ago, according to his LinkedIn.
20Four officially launched in 2017
This was covered in depth by sports marketing publication Sponsorship News about two months ago, FYI:
https://www.sponsorshipnews.com.au/nl06_news_selected.php?R=1&act=2&stream=1-2-7&selkey=47296
https://www.sponsorshipnews.com.au/nl06_news_selected.php?R=1&act=2&stream=1-2-7&selkey=47304
Also covered here: https://digitalsportslabs.com.au/have-we-seen-the-demise-of-20four/