DCB Sports to Acquire Guild Esports

DCB Sports to Acquire Guild Esports

Mergers and Acquisitions

16 October 2024 23:10

DCB Sports has fully acquired all assets of Guild Esports for £100,000 (approximately $130,181.50) in cash. The new legal entity, named Guild Esports and Gaming Ltd, will assume over £2 million (around $2,603,630) in liabilities. To prevent confusion, the original entity will be renamed Cassel Capital PLC.

This acquisition comes nearly two months after Guild Esports publicly revealed it was exploring various options to address its financial difficulties. Following the transaction, CEO Jasmine Skee has resigned, while Derek Lew and Brian Stockridge will continue as non-executive directors.

The decision to pursue the acquisition followed efforts to cut costs and secure loans and additional equity funding, with directors assessing the company’s future. Founded in 2020, Guild Esports has established itself as a leading UK esports organization, co-owned by football legend David Beckham. The organization has competed in several titles, including Tekken, Apex Legends, and Counter-Strike, and has partnered with brands like Sky and Subway.

More:Team BDS Reveals New Event

Tags: Guild Esports

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DCB Sports to Acquire Guild Esports

Mergers and Acquisitions

16 October 2024 23:10

Tags: Guild Esports

DCB Sports has fully acquired all assets of Guild Esports for £100,000 (approximately $130,181.50) in cash. The new legal entity, named Guild Esports and Gaming Ltd, will assume over £2 million (around $2,603,630) in liabilities. To prevent confusion, the original entity will be renamed Cassel Capital PLC.

This acquisition comes nearly two months after Guild Esports publicly revealed it was exploring various options to address its financial difficulties. Following the transaction, CEO Jasmine Skee has resigned, while Derek Lew and Brian Stockridge will continue as non-executive directors.

The decision to pursue the acquisition followed efforts to cut costs and secure loans and additional equity funding, with directors assessing the company’s future. Founded in 2020, Guild Esports has established itself as a leading UK esports organization, co-owned by football legend David Beckham. The organization has competed in several titles, including Tekken, Apex Legends, and Counter-Strike, and has partnered with brands like Sky and Subway.

More:Team BDS Reveals New Event

Share:

Sources:

Report mistake   

Submit news   

Related news

View All

Guild Esports Partners with GINX TV

Guild Esports and Gaming has entered into a strategic partnership with GINX TV, a well-established broadcaster specializing in gaming...

Business

Feb 21, 2025

Guild Esports Partners with Drive Lounge

Guild Esports has partnered with sim racing venue operator Drive Lounge to open a new sim racing facility at...

Business

Dec 09, 2024

PUBG Mobile Partners with Guild Esports

PUBG Mobile Esports has announced a partnership with UK-based esports organization Guild Esports. As part of this partnership, Guild...

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Sep 13, 2024

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Guild Esports has unveiled a new Fortnite map, Sky City, in collaboration with Sky Broadband and gaming studio UMI...

Business

Aug 14, 2024

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