The International Esports Federation (IESF) and the Global Esports Federation (GEF) have signed a memorandum of understanding (MoU) as both entities aim to grow esports globally.
According to a release, the memorandum looks to “drive advancement and deliver new opportunities across the global esports ecosystem”. The GEF and IESF will work together on a range of global initiatives to grow the perception of esports.
The memorandum was signed during the GEF’s Riyadh Global Esports Games by Chris Chan, President of GEF, and Prince Faisal bin Bandar bin Sultan Al Saud, the President of IESF. Interestingly, the two parties noted that the signing was observed by Ng Ser Miang, the VP of the International Olympic Committee.
Although details about the impact this signing will have on esports are slim, the two organisations did note that this new strategic partnership will see the “organisations combine their expertise and resources across a set of key areas”. The GEF and IESF also stated that they will continue to support initiatives alongside various national esports federations.
The partnership is an interesting move because it will see both organisations work together on a joint goal, as opposed to competing for the attention of global audiences and national federations. It also means that the two federations could consider a merger in the future, especially since Prince Faisal is a key figure in both entities.
Alongside his role at the IESF, Prince Faisal is also the Vice President of the Global Esports Federation.
Prince Faisal commented: “At a time when esports possibilities and potential are limitless, the enduring advancement, sustainability, and prosperity we envisage relies on vibrant partnerships that positively influence our industry’s trajectory – now and in the future. Today is not only a welcome reminder of this reality; it is the start of an exciting new phase in the realm of esports cooperation, one where collectivism instigates a new wave of evolution.”