Allen led our Accounting Team for over 10 years and played an integral role in the DISH Initial Public Offering and Debt Offerings which launched the Dish Network. During his tenure we evolved from selling large C-band satellite dishes to a significant force in the Pay-TV industry. He is the type of person that got results and did not make excuses. He made significant contributions to the organization and was a total professional during our years working together.Charlie Ergen Founder and Chairman, Dish Network
I never lost one night of sleep with Allen Fears as our CFO. From his financial projections and the general ease and efficiency he brought to our organization, to clean audits that never revealed a surprise, Allen was truly critical in our company’s success. And when it came time to navigate what turned out to be an unusually complicated exit, Allen made it seem like we were cutting through butter. I doubt anyone could have done better.John SchusterPresident/Owner, American Trainco LLC
- I met Allen almost 20 years ago when we had the opportunity to work with him on the new Denver Broncos football stadium. We found Allen to be a client of exceptional vision who guided a very complex project to a successful completion. Allen was able to coordinate the many diverse individuals and organizations to meet common goals with the highest level of integrity, enthusiasm and a personable manner which is all too rare in business today.It was a pleasure to work with Allen and we wish him great success in any venture he undertakes.Philip Couture Managing Member, International Facilities Group
I have had the pleasure of working with Allen for over 20 years, including his tenure of CFO at two successful companies. Allen’s financial acumen is outstanding and his depth of experience is invaluable. He effectively achieves his company’s goals, all while carefully managing risk. A great family man, Allen has tremendous personal balance and is a pleasure to do business with.Steve DossVice President, Cherry Creek Insurance Group (CCIG)
Allen worked closely with NSS on development of a Fund for acquisition of sports franchises. Allen also worked with NSS on stadium projects in several states. Allen is extremely knowledgeable about financial issues related to development, acquisitions, cash flow and related items. He is creative in considering and developing funding options. We whole-heartedly endorse Allen’s financial acumen and skillset.Matt Perry President, National Sports Services
I have known Allen for many years, from his days at the Denver Broncos. My dealings with Allen were during the initial stages of the construction of the new stadium, until opening day. He is extremely professional, and his manner in dealing with complex problems made the Project a joy to work on. He is also the consummate gentleman. I am sure that anyone wishing to do business with Allen will have the satisfaction as did I.Rory M. Roberts Chairman, INTECH Risk Management Inc.
I have worked with Allen on a number of projects, most predominately the New Broncos Football Stadium. During our time together, Allen consistently proved himself as a leader whose success was borne through his honest, straightforward and fair dealings with everyone on the project. It is refreshing to work with an Owner such as Allen, who ensures the success of a project by assembling an all-star team and allowing that team to do their work without undue interference. Allen has a “do-what-it-takes” philosophy and will not quit until he has accomplished his goal. Any project with Allen Fears is guaranteed to be a successful and enjoyable one.Kevin Greene Executive Vice President, International Facilities Group
Allen Fears’ executive management experience, expertise and counsel were critical components in recently guiding me through a complex liquidation of a partnership. I greatly value Allen’s insights and his contributions to my business success and opportunities.Martin Schuster CEO, Schuster Co.
Chief Financial Officer
Allen has more than 35 years of strategic experience in the management of publicly-owned and high-profile private companies, which includes the Denver Broncos and Dish Network, and brings his extensive CFO and controllership experience to Redbarre. He is an expert in diverse financial matters including: Public Debt Offerings and Private Placement Memorandums, real estate project development, ownership valuation, business and personal tax matters, business performance metrics, and an expert witness on several financial litigation matters.
Arthur Andersen & Co. (1980 -1985). Allen was an auditor of various manufacturing, oil and gas partnerships, and other oil field-related organizations.
Dish Network (1985 – 1997) (NASDAQ: DISH). Vice President – Treasurer – Controller. During Allen’s years with DISH and its predecessor entity EchoStar Communications Corporation, he was actively involved in securing DISH’s initial public offering and debt offerings, totaling over $1 billion. Allen was also President of EchoStar’s consumer finance company, Echo Acceptance Corporation.
Denver Broncos Football Club (1997 – 2003). CFO. Allen’s primary task was the development of the Broncos’ current stadium. He principally negotiated the franchise’s $125 million line of credit, closed a $150 million construction loan and secured a $180 million permanent loan. Allen also oversaw negotiations for the Broncos’ lease with the Denver Metropolitan Football Stadium District, monitored construction progress and negotiated contracts for architecture, general contracting, concessions, naming rights, sponsorships, suites, club seats and facility operations.
National Sports Services (2004-2007). As the CFO, Allen provided diverse consulting services to sports facilities, franchises and municipalities. In 2005, he prepared detailed analyses of all player contracts for the Minnesota Vikings, and modeled post acquisition cash flows and projected financial results of the franchise. The $600+ million acquisition closed in June 2005.
American Trainco (AT) and Telemedia Trainco Holdings, LLC (2008-2016). CFO. Allen provided the financial leadership for the sale of AT in 2014 to Telemedia Trainco Holdings, forming an over $30 million worldwide annual revenue organization. At closing, he became CFO for the combined entity, responsible for Finance, Information Technology, Human Resources and Customer Service. Responsibilities included managing staff in multiple cities, completion of the first ever audit, filing tax returns in all 50 states, and establishing a fully integrated cloud-based financial system. The organization served to train industrial workers to maintain machinery, observe safety precautions and comply with government regulations.
- Arthur Andersen, LLP – Experienced Audit Senior 1980 – 1985
- Dish Network/EchoStar Communications – VP, Treasurer and Controller 1985 – 1997
- Denver Broncos Football Club – Chief Financial Officer 1997 – 2003
- American Trainco, LLC/Telemedia Trainco Holdings, LLC – Chief Financial Officer 2008 – 2016
- Erste Consulting Group, LLC – President 2003 – 2017
- Redbarre Digital Media and Technology Campus – Chief Financial Officer – 2016 – Current
1980-1985 Experienced Audit Senior
Arthur Andersen & Co.
Responsible for field audits for clients in the manufacturing, home-building, heavy construction, and oilfield service industries. Created drafts of financial statements and supervised staff. Prepared SEC Documents and filings.
1985-1997 Vice President, Treasurer and Controller
EchoStar Communications Corporation (“EchoStar”)
d/b/a the Dish Network
Integral role in preparation of offering documents for EchoStar’s $624 million 1994 Debt Offering, 1995 IPO and $580 million 1996 Debt Offering. Supervised and drafted SEC Offering and Merger Documents, SEC Form Annual 10-K’s and Quarterly Form 10-Q’s. Administered operations of Investor Relations.
- Consolidated accounting departments of six entities into one cohesive team
- Managed growth to 15 entities and more than 40 personnel
- Initiated comprehensive estate planning projects for owner
- Established Tax and Credit and Collections groups and effectively managed its staff
- Instrumental in formation and appointed President of captive consumer financing entity
- Performed negotiations and administered line of credit with Bank of America – Chicago
- Liaison to Bank of America, Mellon Bank and Wells Fargo Bank
Hired as Assistant Controller of subsidiary, Houston Tracker Systems. Substantial progression included Controller in 1987; Controller of Echosphere Group of Companies in 1988; and Vice President, Treasurer and Controller of EchoStar upon formation in 1992.
1997 – 2003 Chief Financial Officer
Denver Broncos Football Club
National Football League Member Franchise
Major responsibilities included the management of 16-employee Finance, Accounting, Information Technology and Human Resources personnel. Significant responsibilities for the development of Broncos Stadium and administration of the risk management function.
- Established strong relationships with financial institutions and rating agencies
- Conducted negotiations with financial and credit insurance institutions
- Developed financial models and economic impact studies
- Facilitated negotiations and drafted financial and legal documents
- Evaluated ancillary real estate development opportunities
- Managed and planned for short-term and long-term cash requirements
- Developed and implemented financial reporting and accounting systems
Negotiated and implemented $125 million line of credit with Bank of America and $150 million stadium construction loan led by Sumitomo Mitsui Banking Corporation and included US Bank, Key Bank, Bank One and Guaranty Bank. Loan was taken out in 2002 with $180 million permanent loan led by Bank of America. This loan required extensive negotiations with the bank syndicate, credit insurers and rating agencies.
Led negotiation of the 30-year lease with the Metropolitan Football Stadium District. Significant responsibilities included monitoring the progress of construction, approval of monthly payment applications and negotiation of contracts for architecture, general contracting, concessions, naming rights, sponsorships, suites, club seats and facility operations.
Responsible for all league-mandated filings. Extensive relations with league personnel including senior members of management. Managed ownership estate and succession planning projects.
2008 – 2016 Chief Financial Officer
Telemedia Trainco Holdings, LLC
American Trainco, LLC
CFO to a rapidly growing provider of thousands of technical content live training programs for industrial companies throughout the United States and Canada. In 2013-2014, provided strategic tactical support to the owners of American Trainco (AT) who sold their over $20 million annual revenue company to Telemedia Trainco Holdings, LLC (TTH) in July 2014. At closing, TTH also acquired Telemedia, LLC, a $15 million annual revenue self-study industrial worker training company based in Buffalo Grove, Illinois with significant multi-national customers. The combined operations train industrial workers to maintain and operate complex machinery, observe safety precautions and comply with government regulations.
At closing, became CFO of the entire TTH organization requiring leadership of the Finance, Information Technology, Human Resources and Customer Services disciplines. Implemented fully integrated cloud- based financial and reporting systems. In the case of Telemedia, there were no developed financial reporting systems. The transaction required annual audits of TTH and its interests, the first in their history, which was completed as of December 31, 2014.
2003 – 2017 President
Erste Consulting Group, LLC
Formed Erste Consulting Group in 2003 to apply vast career experience to assist clients in achieving their strategic goals and objectives.
- CFO, National Sports Services, consultants to sports franchises and municipalities.
- Consultant to Sumitomo Mitsui Banking Corporation and Minnesota Vikings. Prepared detailed analyses of all player contracts. Modeled short-term and long-term cash flows.
- CFO Jerry Built Burgers restaurant group. Provided ownership consulting, evaluated strategic development of the Jerry Built brand and their other investments.
- Executed 2,500 hour engagement for real estate developer to draft Private Placement Memorandum created combining financial statements and footnotes for auditors.
- CFO, Independent Coin Graders, a leading national Coin Grading organization.
2016 – Chief Financial Officer
Redbarre Digital Media and Technology Campus
The Redbarre Digital Media and Technology Campus is seizing the opportunity of the ongoing evolution of digital media by positioning itself at the forefront of the next wave of digital media production (inclusive of film, sound and animation). At the forefront of this digital wave, Metro Denver is poised to become the center of the entertainment, internet, broadcast and telecom universe. Metro Denver is uniquely positioned to support a state-of-the-art, mixed-use media and technology-centric real estate development project.
Allen is responsible for the overall financial management of Redbarre, playing a strategic role in the overall management of the Company, and leading the fiscal planning, compliance, reporting and assessment functions. Allen brings his strong operations and real estate background to the management of Redbarre’s Finance, IT, HR and real estate development functions.
Certified Public Accountant (Inactive Status) — Colorado
Master of Business Administration in Accounting — Rutgers Business School, 1980
Bachelor of Science Degree in Economics — Randolph-Macon College, 1979
BOARD MEMBERSHIPS AND ASSOCIATIONS
American Institute of Certified Public Accountants
Past Board Member of Creative Adoptions, Inc. and Firefly Autism