Jerry Jones-Backed Faze Clan Regroups After Stock Flame-Out
This story appears in Sportico’s Morning Lead newsletter. Click here to sign up and get it delivered straight to your inbox. Even among the many spectacular…
esports
Ninjas in Pyjamas’ $20M IPO Is Latest Test of Esports Biz in Public Markets
Prominent esports franchise Ninjas in Pyjamas began public trading on Friday, the latest financial litmus test for an industry—and business model—still reeling from an…
In Fading Esports Business, Saudi Money Still Flows
The global esports industry, which generated approximately $1.1 billion in revenue in 2021, is currently facing financial challenges as companies try to figure out how…
Riot Games Inks Data Deal With GRID, Including Equity Stake
Riot Games is taking an equity stake in GRID, part of a wider exclusive partnership between the video game publisher and the Berlin-based data company. Under the…
Competitive Gaming Takes a Step Back as Esports Winter Looms
For a brief moment about 150 years ago, walking became a spectator sport phenomenon. Thousands of onlookers crowded around tracks as competitors stumbled forward over…
FaZe Clan Bought for Pennies by Jerry Jones-Backed Gamesquare
Esports giant FaZe Clan has agreed to be purchased by rival GameSquare in an all-stock deal that values FaZe at about 21 cents a share, according to an announcement from…
Activision Blizzard to Offer $6M Severance to Overwatch Owners
Change is on the horizon for the Overwatch League. Activision Blizzard Inc. announced Tuesday it plans to amend its agreement with its 19 team owners and will offer…
Esports Stumble Forces Sports World Investors to Retrench—or Retreat
After laying off staffers last month, Madison Square Garden Sports recently sold its controlling interest in Counter Logic Gaming (CLG). Team SoloMid (TSM), a major…
Best Of 2023
Snoop Dogg FaZes Out Board Role as Stake Plummets by $7 Million
Snoop Dogg proclaimed he was part of the FaZe Clan during the 2022 Super Bowl, when he sported a FaZe Clan gold chain during the halftime show. He’s leaving the clan…
Rowers Paddle Esports in Title IX Lawsuit
Esports has come a long way in establishing itself. The International Olympic Committee will hold its first “Olympic Esports Week” in Singapore in June. The NBA has a…
Jerry Jones and John Goff Merging Esports Venture Onto Nasdaq
Gamesquare, an esports venture by Dallas billionaires Jerry Jones and John Goff, is moving to the Nasdaq stock market amid a deal to acquire Engine Gaming and…
Exclusive
Esports Media Firm Gets VC Backing From Dodgers-Affiliated Elysian Park
U.S. sports-focused venture capital funds Elysian Park Ventures and Cerro Capital headline a $12 million funding round for Gamurs, an Australia-based publisher of 16…
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