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February 22,PM Mobile screens from The Cauldron L and Chat Sports Earlier this month, Sports Illustrated abruptly ended its partnership with The Cauldron, an independent sports blog that had a modest but devoted readership, and had made waves with a of viral posts written by pro athletes like Steph Curry. The breakup was covered in straightforward fashion by a few sports and media blogs. The Cauldron was open for freelance submissions, with a focus on athlete-written posts. The Cauldron built enough credibility that in Septemberit announced a digital partnership with Sports Illustrated.

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The was ed by Phillip Closius and sent from closiuslegal gmail. Yahoo Finance has seen both demand letters.

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Chat Sports was also a digital partner of Time Inc. He did not get a reply for 48 hours. TIMEthe parent company of SI, Time, Fortune, and other legacy print magazines, makes partnerships with third-party digital outlets all the time, but they vary greatly in how extensive they are.

In a pitch deck Yoder created, he presented the combined team of The Cauldron and Chat Sports, complete with photos and bios of the top executives. Sorting through the rubble What are we left with? Sorting through the rubble What are we left with? Story continues Time Inc. Once the from Yoder came, Time Inc.

What the actual F is going on here.

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Time Inc. What do you psorts when you start a company? They wanted nothing to do with this story. Why would we do that? But the phone call was not hostile. They had a small user base, and what they did have was only thanks to Time Inc. At its vhat, The Cauldron was posting around original stories per month and garnering 2 to 3 million monthly unique visitors, all under the label of an SI partner site.

The purchase would be contingent on Chat Sports raising a Series A investment spotts by pitching the combined entity. All spoke highly of Yoder and said they trust him, but none was willing to be quoted by name.

Exclusive: inside the ugly breakup of sports illustrated, the cauldron, and chat sports

None of them are career investors; most are personal friends of Yoder. More questions about Chat Sports In its early days, Chat Sports posted original content from many different writers—some of those bylines, like Rick Steele or Tipp Smith, have Twitter s that have tweeted only one time. But on a follow-up call, Yoder revised his answer. He reached Closius by phone and asked Closius if he knew James Yoder.

He struck me as extremely forthright.

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Both men tell Yahoo Finance they were, at first, thrilled about the deal. He did not get a reply for 48 hours. The last Minds Behind the Game event was last August.

WI Harper did not reply to multiple interview requests and calls. Closius does not list closiuslegal gmail. So in DecemberThe Cauldron returned to Medium, which had just rolled out a new spports that allowed partners to remain hosted on Medium but spotrs an external URL. The Cauldron built enough credibility that in Septemberit announced a digital partnership with Sports Illustrated.

Yoder confirms he sent an to people at Time Inc.

But that from Yoder to the LA firm was sent on Jan. But the phone call was not hostile.

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The site began mainly as an aggregator, with a desktop site and mobile app that personalized a feed for users based on their favorite teams, plus original posts written by contributor writers. On balance, I would say Jamie is much, much more credible. Why would we do that? Each man now says they are considering suing the other and each claims tortious interferencethough no lawsuits have been filed.

The purchase would be contingent on Chat Sports raising a Series A investment round by pitching the combined entity. More questions about Chat Sports In its early days, Chat Sports posted original content from chats different writers—some of those bylines, like Rick Steele or Tipp Smith, have Twitter s that have tweeted only one time.

I think the founders of Airbnb, the founders of YouTube would say the same thing. Three months into the partnership, employees at The Cauldron grew sports with Time Inc. Yoder says that he had received an from a Chinese address claiming to be a representative for a different firm Chat Sports was talking with Yoder declined to name itand claiming that this other firm wanted to make its investment through WI Harper.

Sending a false term sheet overlegal experts say, could constitute wire fraud, a felony that carries up to 20 years in prison. A spokesperson for Time Inc.

He says that Closius told him yes, and that Yoder is a family friend, but that he does not represent Yoder. On balance, I would say Jamie is much, much more credible.

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Fake James Yoder sent to Daniel Roberts After I privately forwarded the to my editors, Yoder ed me again asking why his had been opened multiple times; he had tracked the. He says that Closius told him yes, and that Yoder is a family friend, but that he does not represent Yoder. Yahoo Finance has seen cnat term sheet. More spofts, Chat Sports has shifted its focus to Facebook Live videos, in which writers conduct mock drafts and discuss trades.

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The breakup was covered in straightforward fashion by a few sports and media blogs. February 22,PM Mobile screens from The Cauldron L and Chat Sports Earlier this month, Sports Illustrated abruptly ended its partnership with The Cauldron, an independent sports blog that had a modest but devoted readership, and had made waves with a of viral posts slorts by pro athletes like Steph Curry. Yahoo Finance has seen the term sheet.