NEW YORK — The Madison Square Garden Company has announced the acquisition of a controlling stake in Counter Logic Gaming, marking a major expansion in the esports space for a company that can provide venues and sports business services.
“As esports moves toward franchise league models similar to the NBA and NHL, we intend to leverage our knowledge and insight into the business of professional sports to play an active role in the development of this exciting industry,” Jordan Solomon, Executive Vice President of MSG Sports, said in a statement Monday. “We have incredible respect for (Counter Logic Gaming founder George ‘HotshotGG’ Georgallidis) and the championship culture he has built, and look forward to utilizing our expertise in marketing partnerships, live events, and media rights to make CLG the preeminent New York esports franchise poised to thrive not only on the business side, but also in competitive play.