Highlights
- Guild Esports is on the verge of a buyout due to declining stock price and significant debt.
- DCB Sports in California is close to finalizing the deal with Guild Esports to take over all assets.
- Guild Esports was the first eSports business listed on the London Stock Exchange in 2020 but has faced financial struggles since.
As a long-time enthusiast of eSports and gaming, it’s always heartbreaking to witness the struggles of a once promising organization like Guild Esports. I remember their grand entry onto the London Stock Exchange in 2020 with high hopes for the future of competitive gaming.
After experiencing a consistent drop in stock value and heavy debt, the gaming company supported by David Beckham, Guild Esports, is nearing a purchase.
As reported by Reuters, the company is close to finalizing an agreement with DCB Sports, a California-based enterprise.
The primary goal of this deal is to resolve accumulated debts. By endorsing the intention letter, Guild Esports transfers all its eSports-related assets to DCB Sports, encompassing numerous eSports contracts.
As someone who has been following the growth of eSports over the past decade, I found it intriguing to learn that Guild Esports was the first eSports business to be listed on the London Stock Exchange in 2020. With a $52.6 million market capitalization at its debut, it seemed like a significant milestone for this industry. However, after some research and analysis, I must say that I’m not entirely convinced by their current valuation.
Guild Esports Financial Struggles and Eventual Decline
I’ve been following the journey of Guild Esports, and it’s quite unfortunate to see that their stock price has taken a significant dive since then. For instance, when they first debuted, their share price was a robust 8.15 pounds. Fast forward to today, and it’s sitting at just 0.12 pounds. Quite the drop, isn’t it?
As the years passed, the company kept pouring funds into its initiatives but couldn’t recoup the costs. This pattern persisted until, ultimately, the company chose to close its doors.
As a gamer speaking, I’m excited to share that, from my perspective, our leadership is working hard on ensuring the lasting success of our gaming family, Guild Esports. This includes both the PLC and the legendary Guild brand. We’ll keep you updated with more details about this strategic move, which involves a potential acquisition, in due course.
Gary LaDrido, DCB’s managing partner, is thrilled about this chance: “Esports represents an ideal blend of sports, gaming, and entertainment. For a long time, we’ve been keeping tabs on Esports, and with Guild, we’ve finally found the right opening for our initial venture into this sector.”
“Esports, a blend of sports, video gaming, and entertainment, has always been on our radar. With the advent of Guild, we’ve finally discovered the ideal entrance point into this industry for us as beginners.”
Currently, the roster of Guild Esports includes players who specialize in Fortnite, Street Fighter, Sim Racing, EA Sports FIFA 24, Tekken, Apex Legends, and Call of Duty: Warzone.
The business boasts an exceptional training program for emerging athletes in the gaming world, and it strongly supports female gamers. Here’s hoping that DCB can revitalize this ailing esports team. Wishing them all the best!
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2024-08-05 16:08