Activision Blizzard has had lengthy conversations with numerous pro sports organizations about buying into the Overwatch League, but no deals have been finalized.
Multiple sources confirm that Kraft Sports Group has agreed in principle to join the league, at a price of $20 million. However, one source said that deal includes a most-favored-nation clause that would lower the price to match what the next buyer pays.
Miami Dolphins owner Stephen Ross’ RSE Ventures has also seriously considered the opportunity but has not made any decisions.
Bobby Kotick, Activision Blizzard president and CEO, has been leading the sales effort.
The $20 million figure, if consummated, would be by far the highest-valued spot in an esports league to date. A spot in Riot Games’ League of Legends top-tier League Championship Series sold for $1.8 million last year.
“We aren’t making any owner-specific announcements just yet, but we are in active discussions with teams and owners from endemic esports as well as traditional sports,” said a corporate statement from Blizzard. “Our ultimate goal is to partner with leaders from both realms to create a league that’s exciting and accessible to a wide audience, sustainable, and rewarding for everyone involved. We’re continuing to work aggressively toward that goal and will have news to share as we move forward.”
Blizzard has so far not backed away from its proposed launch window of the third quarter.
— Ben Fischer
