North American organisation Envy Gaming has bought into FLASHPOINT, the upcoming Counter-Strike: Global Offensive league operated by FACEIT.
Team Envy will be the seventh founding team of the league, with a buy-in cost of $2 million (£1.55 million).
Team Envy joins Immortals Gaming Club (owner of MIBR), OverActive Media (owner of MAD Lions), Cloud9, Gen.G, Dignitas, and c0ntact Gaming as a founding partner of the team-owned league.
Mike Rufail, Owner and CEO of Envy Gaming, spoke on the venture in a release: “We’re excited about the future of competitive Counter-Strike.