Sat. Jan 28th, 2023
Team Dignitas sells European League of Legends e-sports team for $1 million

A bidding war that broke out during the sale of a craftsman League of Legends e-sports team has come to an end, resulting in a nearly $1 million (£625,000) deal. The European arm of Team Dignitas has been sold to the Follow Esports group. Prior to the sale, Team Dignitas had two professional teams, one European and one North American, but LOL rules stipulate that an e-sports group can lead only one team.

Speaking to the BBC, Team Dignitas managing director Michael O’Dell explained that the final sale price was much higher than the initial estimate of $500,000 (£324,000). “It was closer to $1 million. I can’t say the exact amount,” he said.

The four European players, Martin “Wunderwear” Hansen, Chres “Sencux” Laursen, Kasper “Kobbe” Kobberup and Nicolai “Nisbeth” Nisbeth, will immediately move to Follow Esports. The team is also looking for one more player, a head coach and a chief analyst.

While Dignitas Europe’s $1 million sale price pales in comparison to the tens, if not hundreds, of millions paid for players and teams in other sports, it’s a figure that’s only likely to rise as other more prominent teams enter the market. come to market. After all, while Dignitas Europe has had a few LOL successes, it has not yet won a major tournament.

Meanwhile, top Russian team Virtus.Pro recently announced it is receiving $100 million (£65 million) in funding from USM Holdings, a company founded by Russia’s richest man, industrialist Alisher Usmanov. “Virtus.Pro is the leader in the eSports industry in Russia,” a USM spokesperson said at the time. “I am convinced that USM’s support will stimulate the further development of the company and enable it to take its projects to a whole new level.”

By akfire1

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