Milwaukee Bucks To Invest $2.5M Bucks In eSports Team Cloud 9
Milwaukee Bucks and Bucks Into eSports (Photo: Milwaukee Bucks)
TNL Take: Sorry that was way too easy to write.
As reported by Jacob Wolf of ESPN eSports - who literally breaks every major story - Wesley Edens, co-owner of the Milwaukee Bucks will invest in eSports team Cloud 9's Challenger's LCS spot and the contracts of team players for roughly $2.5 million.
Unless you spend 25 hours a day thinking about eSports as I do that maybe challenging to understand.
So here's what it means.
- A LCS spot is a chance to play in Riot's League of Legends "League". Like having to pay to play in the NFL every year
- Last year, the "spots" were going for $1M.
- Of which NRG eSports and Schalke 04 in the Bundesliga lost their investment due to relegation.
Yup its confusing but listen to someone smarter than me - Sacramento Kings Co-Owner Andy Miller and Co-Owner of NRG eSports - had to say about the situation.
The spot is apparently going for $1.8 million.
And it's only going higher.
In the next 2 months you'll hear about some more major investments - sorry again, I have to keep confidential information confidential.
Based on the last 6 months of this year, I'm not even sure if i should keep updating this chart because every Sports League will invest in eSports.
The MLS and and NFL will get it soon - but that's another story.