s the result of the restructuring plan, FanDuel's board has been cut from ten members to five after the operator was forced to hand a larger chunk of equity to its backers when its planned merger with rival DraftKings fell apart last month.
Along FanDuel co-founders Lesley Eccles and Tom Griffiths, investors Pentech and NBC Sports Group has also resigned to their positions.
While Alan Resnikoff of Shamrock, which led a $70 million funding round for FanDuel in 2014, has also resigned, his colleague Michael LaSalle remains on the board. Ted Oberwager of KKR, which led the company’s $275m funding round two years ago, has also kept his board seat as has FanDuel chief executive and co-founder Nigel Eccles.
The other two places have been retained by representatives of early investors Piton Capital and Comcast Ventures, which respectively led a $4m round in 2011 and $11m round in 2013.