The Overwatch League grew by two teams yesterday, with new additions in London and Los Angeles.
"We are thrilled that Cloud9's formidable fan base throughout Europe and the United Kingdom now has a local team to call their own, and can't wait to start representing London in the Overwatch League", Etienne said.
The KSE outfit will actually be the Overwatch League's second Los Angeles-based team: The city is also home to an Immortals team, which was announced in July as one of the league's original seven teams. All jokes about the Kroenke family's National Football League team aside, Stan Kroenke also owns KSE eSports, so he's not entirely unfamiliar with how the industry works. His son, Josh, has multiple sports teams under his name as well, including the Colorado Avalanche in the NHL and the Colorado Rapids in Major League Soccer.
Two more spots have been confirmed for Blizzard's upcoming Overwatch League.
The Kroenkes join an eclectic group of owners who have bought spots into the upcoming esports league. "We are thrilled that Cloud9's formidable fan base throughout Europe and the United Kingdom now has a local team to call their own, and can't wait to start representing London in the Overwatch League".
With the Overwatch League, Activision Blizzard is looking to create a sustainable environment for its professional players with one-year guaranteed contracts of $50,000 and at least 50 per cent of team performance bonuses from the playoffs and other special events also going into player coffers.More news: You Need To Know Hold Recommendation for: Barrick Gold Corporation (ABX)
KitGuru Says: There are now nine franchises in total signed up for the Overwatch League.
Jack Etienne, the founder of Cloud9 managed to get enough money together to buy in to the League.
The city of London, England, has been claimed by esports organization Cloud9.
Overwatch League is expected to begin later this year in a shortened season with a more full, robust offering to come in 2018.
Teams will provide players with health insurance and a retirement savings plan, as well as player housing and practice facilities during the season which will meet professional standards set by the Overwatch League.
Just why bigwigs like Kraft and the Kroenkes are spending so much on Overwatch teams-something like 10 times as much as it would cost to buy into the more-established League of Legends League Championship Series-isn't quite clear. Back in April it was announced the game passed 30 million players worldwide.