FOR IMMEDIATE RELEASE
Motown Sports Group Holdings, Inc. Boosts Strategic Leadership with the Appointment of Joe F. Martinez, CEO of Core Venture Partners, LLC, to the Board of Directors
Metro Detroit Wayne County, MI, February 26, 2025
Motown Sports Group Holdings, Inc., a privately held Delaware Corporation (“Motown,” “MSGH” or the Company”), today announced the appointment of Joe F. Martinez to its Board of Directors, effective February 25th, 2025. Motown is developing a colossal sports and entertainment facility that heralds a new era for the Detroit Metro Area as an urban gathering spot destined to become the new heart of a thriving and expanding community. Motowns mission is to establish itself as a world-class sports and entertainment facility by creating jobs and training opportunities for the City of Romulus and Metro Detroit residents. With the creation of over 2,700 jobs, the Company intends to establish an ongoing long-term commitment relationship with future business partners and government bodies to bring well over a $1.5 billion value to the community.
Mr. Martinez brings an investment banking focus and a strong financial, technology, and operating executive background to Motown Sports Holdings. Alongside his Fortune 500 experience with IBM and Xerox, he has significantly contributed to several Silicon Valley technology companies, playing a pivotal role in their funding and initial public offerings. As an entrepreneur, Mr. Martinez was the CEO of several public companies he funded, managed, took public, and sold to private equity firms. Notably, he established the technology practice for a national investment banking firm and founded his investment banking firm, successfully sold to E*TRADE, now owned by Morgan Stanley.