Former English soccer star (or properly known as football) David Beckham’s previous Esports team is now up for sale. The team, Guild Esports, was founded in 2018 and is based in East London. The team competed in various PC games, including Fortnite, FC 25, Sim Racing, and PUBG Mobile. Despite early success, ongoing financial issues have contributed to the decision to sell the company.
In a post by 365247 Media, it has been reported that Guild Esports has been put up for sale through an insolvency marketplace. The sale is being facilitated by investment fund DCB Sports, which acquired all the team’s properties and liabilities last August, following clear signs of financial difficulty, according to the report. That was also when Beckham ceased to be an owner.
Guild Esports Is Being Sold
End Of An Era
Esports has become a cultural phenomenon, with some reports indicating that Esports tournaments offer bigger payouts than professional sports, like soccer and basketball. That return on investment, though, is often risky, with some teams gradually declining in performance and victories. The latest public trading update for the company’s stock revealed a 40 percent decline in revenue as of March 2024.
Guild Esports CEO Jasmine Skee noted during the acquisition by DCB Sports that the previous deal was made to ensure the company’s future success. Guild Esports has not yet made an official statement on the sale.
Financial Struggles Continue In The Video Game Industry
It’s Not Just Esports Being Affected
Despite Esports events sometimes bringing in millions of dollars, like the recent League of Legends World Cup, the industry at large is seeing financial issues. Recently, Microsoft laid off over 9000 employees, canceled numerous projects, and has struggled to find its modern place in the industry, despite billions of dollars in profit. Esports tend to sign, let go, and re-sign professional players quite often, creating even more instability.
It remains to be seen what the future holds for Guild Esports, but with select tournaments offering millions of dollars in prize money and additional sponsorship opportunities and brand deals, it seems the new owner might seek some current Esports free agents. No matter the case, hopefully, the PC games’ Esports company sees success in the future under new leadership.
- Brand
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Apple, HP, Microsoft, Dell, Samsung, Lenovo, Toshiba, Asus, Acer
- Original Release Date
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1971
- Original MSRP (USD)
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The Kenbak I is considered the very first PC, which cost $750 back in 1971. Adjusted for inflation, the first PC cost around $4,659.
- Weight
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The Kenbak I weighed around 20 pounds, but today, computers vary in weight depending on the equipment used for gaming.
