Milwaukee Bucks Co-owner and Co-chairman of Fortress Investment Group, Wesley Edens, is buying into the North American League of Legends Championship Series, according to a recent report from ESPN.
Edens, 55, is reportedly purchasing Cloud9 Challenger’s LCS spot for $2.5 million, with four player contracts making up about $700,000. Sources didn’t tell ESPN what the future name/brand of the team will be.
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“I knew (eSports) would come to this but not this quick. It just goes to show how much money is about to pour into eSports this coming year,” one source told SportTechie, who requested anonymity because of the pending deal which still needs approval from Riot Games.