This week in esports: HUYA, ESL Pro Tour, Audi, Team Flash

06 September 2019


This week in esports saw HUYA enter a binding term sheet with MTG, ESL and DreamHack launch CS:GO circuit ESL Pro Tour, Audi sponsor Astralis Group brand Future FC, and Team Flash raise $1.5 million in funding.

We also have a twice-weekly newsletter that informs you of every significant happening in the business and industry side of esports, feel free to subscribe here.

HUYA enters term sheet with MTG, will acquire stake in ESL

MTG HUYA ESL Investment
Logo credits: MTG, HUYA

Modern Times Group (MTG), the parent company of ESL and DreamHack, entered a binding term sheet with Chinese live streaming platform HUYA.

As things stand, the agreement will see HUYA acquire a minority interest in ESL and form a joint venture with the tournament organiser that focuses on Chinese esports.

Read the full article here.

DreamHack and ESL to launch ESL Pro Tour CS:GO circuit

ESL Pro Tour
Photo credit: ESL

MTG properties DreamHack ​and ESL​ announced the introduction of a new Counter-Strike: Global Offensive (CS:GO) tournament circuit, ​ESL Pro Tour.

The circuit will link over 20 ESL and DreamHack tournaments & leagues across five continents and feature a total prize pool of more than $5 million (£4.1 million) in 2020.

Read the full article here.

Future FC finds first partner in Audi

Future FC Audi
Image credit: Audi

German automobile manufacturer Audi announced a partnership with Future FC, the FIFA brand owned by the Astralis Group.

Audi first started working with the group in February 2017 when the automobile giant sponsored the Danish Counter-Strike: Global Offensive team. In January 2019, Audi then joined as the principal partner of Astralis Group’s League of Legends franchise, Origen.

Read the full article here.

Team Flash secures $1.5 million in seed funding

Team Flash Seed Funding
Photo credit: Arena of Valor

Southeast Asian organisation Team Flash secured $1.5 million (£1.24 million) in a seed round.

The funding round was led by Singapore-based family office Octava, a company that has recently added esports as one of its investment verticals.

Read the full article here.