Esport News – This week in esports: HUYA, ESL Pro Tour, Audi, Team Flash

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This week in esports saw HUYA enter a binding term sheet with MTG, ESL and DreamHack launch CS:GO circuit ESL Pro Tour, Audi sponsor Astralis Group brand Future FC, and Team Flash raise $1.5 million in funding.

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HUYA enters term sheet with MTG, will acquire stake in ESL

MTG HUYA ESL Investment
Logo credits: MTG, HUYA

Modern Times Group (MTG), the parent company of ESL and DreamHack, entered a binding term sheet with Chinese live streaming platform HUYA.

As things stand, the agreement will see HUYA acquire a minority interest in ESL and form a joint venture with the tournament organiser that focuses on Chinese esports.

Read the full article here.

DreamHack and ESL to launch ESL Pro Tour CS:GO circuit

ESL Pro Tour
Photo credit: ESL

MTG properties DreamHack ​and ESL​ announced the introduction of a new Counter-Strike: Global Offensive (CS:GO) tournament circuit, ​ESL Pro Tour.

The circuit will link over 20 ESL and DreamHack tournaments & leagues across five continents and feature a total prize pool of more than $5 million (£4.1 million) in 2020.

Read the full article here.

Future FC finds first partner in Audi

Future FC Audi
Image credit: Audi

German automobile manufacturer Audi announced a partnership with Future FC, the FIFA brand owned by the Astralis Group.

Audi first started working with the group in February 2017 when the automobile giant sponsored the Danish Counter-Strike: Global Offensive team. In January 2019, Audi then joined as the principal partner of Astralis Group’s League of Legends franchise, Origen.

Read the full article here.

Team Flash secures $1.5 million in seed funding

Team Flash Seed Funding
Photo credit: Arena of Valor

Southeast Asian organisation Team Flash secured $1.5 million (£1.24 million) in a seed round.

The funding round was led by Singapore-based family office Octava, a company that has recently added esports as one of its investment verticals.

Read the full article here.

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Source : This week in esports: HUYA, ESL Pro Tour, Audi, Team Flash


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