Abhay Singh
UK-based professional esports organization Guild Esports has recently completed the official acquisition deal with DCB Sports LLC, a leading sports investment company based in the United States.
This strategic move solidifies Guild Esports’ position in the industry and opens up new opportunities for growth and collaboration on an international scale.
The acquisition marks a significant milestone for both organizations, highlighting the increasing convergence between traditional sports and the rapidly expanding world of competitive gaming.
The announcement was made through a press release
A press release on the London Stock Exchange announced that Guild’s assets had been entirely bought by sports investment group DCB Sports for a cash price of £100,000 (~$130,181.50). The obligations of the new legal corporation, Guild Esports and Gaming Ltd., exceed £2 million (~$2,603,630).
The former entity will now be known as Cassel Capital PLC to minimize confusion. The acquisition was finalized over two months after the business made it known that it was looking into a number of options to address its financial difficulties.
In conjunction with the deal, Guild Esports CEO Jasmine Skee made the decision to step down. Brian Stockridge and Derek Lew will continue to serve as non-executive directors of the company.
The company decided to proceed with the acquisition after attempting to cut expenses and looking into options to obtain loans and extra equity fundraising. Directors reviewed and deliberated the company’s future.
Guild Esports has been one of the most prominent UK-based esports organizations
David Beckham, a football great, is a co-owner of Guild Esports, one of the most well-known esports companies in the UK, which was founded in 2020. Guild Esports has participated in competitions for a number of video games over the years, such as Tekken, Apex Legends, and Counter-Strike. Guild has partnerships with a variety of companies, including Sky and Subway.
DCB Sports is an American investment management firm with its headquarters in California that specializes in the sports industry. The Bay Golf Club, a team slated to play in the upcoming TGL indoor golf league, and the Italian football team Venezia FC have both received investments from the corporation.
In addition, DCB Sports spearheaded a group that bought a Los Angeles-based Big3 basketball franchise. This is the company’s inaugural investment in the esports sector.
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