As a seasoned gamer with years of experience following the ebb and flow of the esports industry, I must say that the news about Guild Esports is disheartening yet not entirely surprising. I remember the hype surrounding their establishment backed by none other than David Beckham, hoping for a new powerhouse in the world of gaming.
Lately, we’ve shared news about the financial troubles at Guild Esports, a London-based team partially owned by David Beckham. The organization has been grappling with significant financial problems, as indicated by their diminishing cash reserves, which left them with only £25,000, and a rapidly decreasing company stock value.
According to a report from Reuters, Guild Esports is in discussions with DCB Sports, a California-based investment company, about accepting their takeover offer.
To Stay Afloat
According to a report from Reuters, Guild Esports’ stock value has plummeted nearly 99% since it hit an all-time high in 2020. Recently, the company’s share price dropped to approximately $0.08, reaching a new all-time low.
In a statement, Guild’s representatives said:
If the transaction goes through successfully, DCB Sports will take over the management of the Guild brand and cover any future cash needs for its private operations. Additionally, they will ensure that the business has enough money to continue running on a financially secure basis.
In this deal, DCB Sports will take over all aspects – both the triumphs and challenges – previously associated with The Guild’s name. Simply put, they will own it all.
As a gamer within our guild, we’ve dabbled with various esports games throughout our journey, from heavy-hitters such as VALORANT and Counter-Strike to up-and-coming arenas like simracing. At the moment, our teams are battling it out in games like Fortnite, EA Sports FC, Street Fighter, and Apex Legends.
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2024-08-05 22:48