This week in esports: Offset, Echo Fox, GRID, Kevin Garnett
This week in esports saw rapper Offset and former basketballer Kevin Garnett invest in the industry, GRID secure the data rights for a major upcoming event, and Echo Fox officially lose its spot in Riot Games’ LCS.
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FaZe Clan receives investment from Offset
North American organisation FaZe Clan added Kiari Kendrell Cephus, better known as rapper Offset, to its ownership group.
The amount that Offset invested in the organisation was not disclosed in the release. The release dubbed the rapper as ‘FaZe Offset,’ potentially teasing that he could feature in content alongside the organisation’s personalities and creators.
Read the full article here.
Riot Games confirms exit of Echo Fox from LCS
Riot Games confirmed that it will be selling the LCS slot that’s currently owned by North American organisation Echo Fox.
On August 13rd, Riot Games and Echo Fox entered an agreement that will see the organisation removed from the competition, with the slot being sold ahead of the 2020 Spring Split.
Read the full article here.
GRID secures data rights for StarLadder Berlin Major
Esports data platform GRID acquired the exclusive data distribution rights for StarLadder Berlin Major, the upcoming Counter-Strike: Global Offensive Major event.
GRID will leverage the power of StarLadder’s data to generate revenue for the tournament organiser as well as protect against groups that steal data for commercial use.
Read the full article here.
Kevin Garnett, former NBA MVP, invests in Triumph Esports
Kevin Garnett became the latest notable NBA name to enter the esports industry, investing newly-formed esports company Triumph Esports.
Garnett boasts an impressive set of NBA accolades, having been an All Star 15 times, an NBA World Champion, and having won the NBA MVP Award in 2004 after leading the Timberwolves to the Western Conference Finals.
Read the full article here.
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