Report: Milwaukee Bucks Co-Owner Buys Into eSports for $2.5 million
The Milwaukee Bucks co-owner and co-chairman of the Fortress Investment Group, Wesley Edens, is lining up to be the fourth NBA owner with plans to buy into the League of Legends scene, according to a report from ESPN’s Jacob Wolf.
Edens is allegedly in the process of purchasing not just Cloud9’s Challenger spot, but four player contracts as well. Right now, the reported $2.5 million USD deal is currently pending approval from Riot Games before it can be finalized.
So, who is Wesley Edens? In addition to his role with the Bucks, Edens has his fingers in all kinds of other developments in sports. David Beckham’s investment group was reported to have courted Edens as an investor for a proposed MLS stadium in Miami, Florida, and has also been connected to a proposal for a football stadium and adjacent development in Oakland.
Now he is supposedly joining the rapidly growing roster of traditional sports figures that are investing into eSports – specifically, the League of Legends scene. This monetary figure will include the organization’s spot in the NA CS, and the following four player contracts:
- An “BalIs” Van Le
- Hai “Hai” Lam
- Johnny “Altec” Ru
- Daerek “LemonNation” Hart
It is rumored that Cloud9’s CS jungler, Juan Arturo “Contractz” Garcia, is expected to “stay with the Cloud9 organization and move to its main LCS lineup,” which would ensure that Contractz would still have a career with the organization after the deal goes through.
Unfortunately, there is no further information available, such as what the name or brand behind the team will be. As per usual with reports of deals still in the works, the Bucks and Cloud9 both declined to comment on the deal.
Johnny has been busy lately trying to make a scarf for himself and most likely failing but doesn’t care. Find his ramblings on Twitter at @SomeBeardy2Love