Have you ever heard of bubble soccer? This sports league started as a joke on Norwegian TV, and now it’s taking the world by storm. At least, that’s what John Anthony Radosta would like the sharks to believe in
Shark Tank National Association of Bubble Soccer Update
- Entrepreneur: John Anthony Radosta
- Business: Sports league equipment for bubble soccer
- Ask: $160,000 for 10% equity
- Result: No deal
- Shark: None
John invited Daymond John, Mark Cuban, and Robert Herjavec into their own ‘bubbles’ to demonstrate how bubble soccer works. This sport involved what seemed like standard soccer rules, but all of the players were encased in 25-pound plastic bubbles. Each National Association of Bubble Soccer team had 5-8 players, and there were no goalkeepers.
The sharks seemed to enjoy their game a lot – it was silly and fun. Kevin O’Leary soon asked how the business works. John explained that the National Association of Bubble Soccer wanted to open up possibilities for others to start their own bubble soccer businesses. They rented equipment, supported renters, and generated leads for others’ leagues and events.
Robert asked how many teams there were, but John didn’t answer. There were a lot of leagues in Europe, but it was relatively new to the US. They made money by selling packages to league owners (and potential league owners). In the year of filming so far, he’s made just over $355,000.
John needed the money from an investor to provide more equipment and franchise more leagues. Kevin didn’t think the business model was clear enough, so he’s out. Lori Greiner followed because she doesn’t like the idea of leagues and doesn’t see the same vision.
In the same vein, Robert went out – too many business models for him, he said. Daymond appreciates the effort that went into this 13 months of scaling, but he was out, too. Mark wanted to know how much affiliates might make, but he thought John was too confusing in his presentation. As a result, he went out, too.
The National Association of Bubble Soccer walked away without a deal, but where is the company now? Find out in our National Association of Bubble Soccer update.
Unfortunately, we have bad news in our National Association of Bubble Soccer update. While the company continued to franchise and rent out equipment immediately after the show, it wasn’t meant to last. In 2016, the company closed its doors for good.
John now works for an online furniture retailer. This will be our final National Association of Bubble Soccer update.
You can find more company updates from Season 7 Episode 9 here:
Before you go, don’t forget to check out our Season 7 Products Page for more on companies and products!