Most of people are so curious about investment source of Counter Logic Gaming ( CLG ). To put it simply : Major revenue sources are companies such as Madison Square Garden Company.
The Madison Square Garden Company has finished the terms of an arrangement to put resources into esports association Counter Logic Gaming, sources near the two organizations told ESPN.
The arrangement goes ahead the eve of the due date for Counter Logic Gaming to present its application for contract participation in Riot Games North American League of Legends Championship Series next spring. The group should pay Riot $10 million, if acknowledged, to buy a lasting spot and keep on participating in the class starting in the 2018 season.
This will be the first run through Counter Logic Gaming has gone up against formal venture. The arrangement was facilitated by sports consultative organization Catalyst Sports and Media and their two esports official VPs Avi Bhuiyan and Bryce Blum, sources said.
In the course of the most recent two years, the multibillion dollar Madison Square Company has facilitated esports occasions in four of its scenes. The Madison Square Garden in New York and the Chicago Theater have all in all facilitated three League of Legends occasions, while the Wang Theater in Boston held a Dota 2 noteworthy. The Forum in Los Angeles exhibited the 2016 Call of Duty World Championship.
The Madison Square Company likewise possesses an arrangement of games groups, including the NBA’s New York Knicks, the NHL’s New York Rangers and the WNBA’s New York Liberty. The organization and its advantages, established by very rich person James Dolan, was worth $9.4 billion out of 2008 and created $1.1 billion in income in 2016.
Counter Logic Gaming was first established in 2010 by proficient League of Legends player George “HotshotGG” Georgallidis. The association has contended in the NA LCS since its initiation in 2013. The group has ventured into various diversions and as of now holds programs in League of Legends, Counter Strike: Global Offensive, Overwatch, Super Smash Bros. also, H1Z1.
Terms of the arrangement have not been unveiled yet. The Madison Square Garden Company and Catalyst Sports and Media declined to remark.