Former English soccer star (or properly known as football) David Beckham's previous Esports team is now up for sale. The team, Guild Esports, was founded in 2018 and is based in East London. The team competed in various PC games, including Fortnite, FC 25, Sim Racing, and PUBG Mobile. Despite early success, ongoing financial issues have contributed to the decision to sell the company.
In a post by 365247 Media, it has been reported that Guild Esports has been put up for sale through an insolvency marketplace. The sale is being facilitated by investment fund DCB Sports, which acquired all the team's properties and liabilities last August, following clear signs of financial difficulty, according to the report. That was also when Beckham ceased to be an owner.
Esports has become a cultural phenomenon, with some reports indicating that Esports tournaments offer bigger payouts than professional sports, like soccer and basketball. That return on investment, though, is often risky, with some teams gradually declining in performance and victories. The latest public trading update for the company's stock revealed a 40 percent decline in revenue as of March 2024.
Guild Esports CEO Jasmine Skee noted during the acquisition by DCB Sports that...