ESL and Affeit were used by a Saudi Arabia-supported companies for $ 1.5 billion

ESL Gaming and Affect, two of the largest organizers of e-sports tournaments in the world, have announced a merger in advance of a $1.5 billion-dollar assumption through the Savvy Gaming Group, a company supported by the Saudi Arab Government.

Due to the merger, which is expected to be completed in the second quarter of 2022 and the regulatory review is based, the two companies are owned by the Savvy Gaming Group. The funds used come from the Public Investment Fund (PIF) Saudi Arabia - one of the currently the largest state fund in the world. This Fund has been created to further improve Saudi Arabia's economy through strategic foreign investment.

In a (n official statement from the ESL Linear Group, the company expressed his desire to the ultimate platform for competitive gaming with an unsurpassed position for [Everyone], no matter where they are on their competitive gaming journey, they become it can deliver?

Well, at the moment the ESL Facial Group has confirmed that the leadership of the two companies does not change much. Craig Levine, CEO of ESL Gaming, and Niccolo Moist, CEO of Affect, will keep their positions and act as co-CEOs, while ESL Gaming co-founder Ralf Rather changes into a non-operational role.

Craig Levine, CEO of ESL Gaming, has once again stressed that this merger and takeover will be a big step forward for players and publishers. For gamers, publishers and partners, this is an extremely exciting offer to take everyone on the journey from the first step in competition to play on the largest eSports stages worldwide, he says in a statement.

How important this merger is to actually be to strengthen the global games' community is still difficult to estimate - another expression that the goals of the ESL Affect Group are addressed. The Savvy Gaming Group is hardly a year old, but the Saudi Arab Government is already involved in sports - but not undisputed.

The Buyout of the ESL Fastest Group is viewed by some as another example of sports laundry - this is a term that is used to describe the act of buying a sports team to use it as a PR ship to the perceived Brutality of the to cover up Saudi Arab regime. You could see that this is being used volunteer if you discuss the purchase of football associations - although the NEON deal of the LEC canceled now would fit into this category as that of Blast.

The ESL Facial Group has not confirmed a fixed date for the conclusion of the deal, but it is clear that all parties try to create a new global eSports landscape overlooking players, fans, publishers and shareholders.