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Volume 26 No. 174
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Kroenke Creating Own Front Office To Manage Esports Franchises

Kroenke Sports & Entertainment will be "building its own esports front office" to manage the OWL L.A. Gladiators and one of the two future L.A.-based Call of Duty teams after "mutually parting ways with Sentinels, the organization that had been running the Gladiators," according to Jacob Wolf of ESPN.com. KSE agreed to pay $25M in August to "acquire rights" to a Call of Duty Global League franchise slot in L.A. Both teams will be "managed by a front office that is expected to be built" by KSE Vice Chair Josh Kroenke and Michael Neary, a Denver-based real estate investor who attended college with Kroenke in Missouri. KSE and Sentinels will "split after they settled a lawsuit" filed by Sentinels co-Founder & CEO Rob Moore against KSE, which alleged that Josh Kroenke "violated a verbal joint venture agreement between the two." That suit stemmed from KSE's attempt to acquire Echo Fox' League of Legends slot for $30.25M, a deal that "fell through after the suit was filed" (ESPN.com, 9/17).

For more coverage of the business of esports, visit our partners, esportsobserver.com.