For gaming and trivia enthusiasts, Natus Vincere is also referred to as NAVI, which is borrowed from James Camerons blockbuster success Avatar. After his big win in 2014, Zai's team won 2 tournaments back-to-back and earned around $1.2 million dollars. Esports has its first crossover star in Tyler Blevins, better known as Ninja; in an ESPN interview, Blevins suggested he earned seven figures a month. Syed Sumail Hassan, otherwise called Sumail, is a Pakistani-American expert Dota 2 player for Team Secret. A surprisingly large number of people compete in eSports teams to earn their living. The No. But opting out of some of these cookies may affect your browsing experience. This would give the team a bye all the way into Winners Round 3 where it would face off against the Chicago Huntsmen, which it eventually defeated 3-2. They signed their first professional players when they began playing StarCraft II: Wings of Liberty in 2010. To compile this ranking of the ten most valuable companies fielding esports teams, Forbes spoke to more than 40 company executives, esports industry professionals, investors, bankers and analysts. Ranking The Top Esports Teams 10. The New York Knicks headline nine hoops teams in the top 50 this year. We leaned on PitchBook and other public documents to buttress our reporting. In 2020, 12 organizations who stumped up $25 million dollars will compete in the first season of the franchised Call of Duty League, while many have already paid millions in buy-ins to other franchised competitions like the Overwatch League and the LCS. Our company appraisals are based on the valuations that were applied during each companys most recent capital raise, comparable esports transactions and their prospects. FaZe Clan announced plans in October 2021 to go public through a merger with blank-check company B. Riley Principal 150 Merger Corp., valuing the combined entity at $1 billion. Teams not only have to pick the right games to compete in but also have to hope those titles stay relevant. FaZe Clan is trying to go public through a SPAC merger; the other nine companies in this years ranking remain privately owned. In January its Counter-Strike: Global Offensive team became the first North American squad to take top honors at a major tournament. Team Secret, despite the COVID-19 pandemic, was able to put together a great year as far as Dota 2 was concerned taking home $1.017M playing in 12 events that survived the pandemic. This panel discussion will cover topics such . Here is an interesting visualization of the top 15 Esports Games by Prize Money below. They sponsored a Dutch StarCraft: Brood War team in 2010. However, Team Secrets prize winnings are tied to its Dota 2 squad. T1 1. Fnatics Dota 2 team was able to secure $168K in winnings playing in a very limited amount of events, having played in no events since Sept. 27. 7. Lee Aik Soon/Riot Games Inc. via Getty Images, TSM has the richest sponsorship deal in esports, a ten-year, $210 million naming rights agreement with crypto exchange FTX, but its real selling point is its tech businesses: Blitz, an app that trains users in popular video games, and Dyno, which offers a moderation bot for Discord servers. But the losers outweighed the winners this year. While Natus Vincere is now a Dota 2 and World of Tanks team, the outfit banded together to focus on winning Counter-Strike competitions. Misfits also compete in all three of the major franchised leagues, owning the Florida Mayhem in Overwatch, and acquiring the Florida franchise spot for their Mutineers team ahead of the 2020 Call of Duty League season. The Cowboys, owned by businessman Jerry Jones since 1989, have an estimated net worth of $5.5 billionhalf a . While it is typical in esports that one event, such as the Dota 2 International, is usually the cause of a teams No. Subscribe to our newsletter for the latest updates on Esports, Gaming and more. Their League of Legends team won the first League of Legends World Championship in 2011. Evil Geniuses are one of only a few teams to have mixed rosters - with their Valorant team consisting of both men and women. 2 earner last year by receiving more than $9M in prize money. KATOWICE, POLAND - MARCH 02: General view of Spodek Arena during Counter-Strike: Global Offensive quarter-final game between Cloud9 and FaZe Clan on March 2, 2018 in Katowice, Poland. The organization will look to its multi-game approach once again in 2021 with the hopes that more events become available as more tournament organizers become comfortable running live events with the permission of local governments. FaZe would go on to lose to eventual champion Dallas Empire in the Winners Finals. To them, eSports is as legitimate a sport as football and basketball are to the more athletically oriented. Team Spirit have divisions in Counter Strike: Global Offensive (2016), Dota 2 (2015), Hearthstone (2016) and League of Legends (2022). The stakes are high: At least 30 major eSports tournaments around the world are scheduled in 2018, 23 with top players signed to multiyear contracts worth up to $320,000 annually. Like traditional sports, esports provides income sources and career opportunities. As of 2020, the top five most valuable esports teams according to Forbes are: TSM - Value: $540 million 2021 Estimated Revenue: $56 million Change From 2020: 32% Principle Owner: Andy Dinh 100 Thieves - Value: $460 million 2021 Estimated Revenue: $38 million Change From 2020: 142% In 2021, global esports revenues are expected to reach $1,084 million, representing a year-on-year growth of 14.5%. At present, teams from the organization compete in CS:GO, Dota 2, League of Legends, and Hearthstone. Revenue flatlined at Los Angeles-based NRG after its CDL and OWL teams had to cancel ticketed in-person events and stage them online for free. Coca-Cola 7. This list represents the top ranking teams in esports who won the most prize money based on tournament results, player transfers and team statements published on the internet. These cookies do not store any personal information. Coming in at No. For the first time since 2014, Fnatic comes in under the $1M mark, through no real fault of its own, riding its CS:GO team and the $321K it made in 2020 to the No. In 2017, there were 74 deals (the majority from angel and venture capital investors) worth $1.52 billion involving esports companies, according to PitchBook, up from six deals worth $34. he nascent esports industry resembles the Wild West. A year ago, esports companieswhich play competitive versions of games like Fortnite and Call of Duty, sometimes in front of crowds of 40,000 or morewere gushing about war chests; oversubscribed funding rounds; celebrity investors like Drake, Stephen Curry and Jennifer Lopez; and a future that would see gaming teams eclipsing NFL teams in monetary value. However, players in winning and well-sponsored teams often receive considerably more than this. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. We take a look at the top 10 richest eSports teams in history. This is in stark contrast to the $753K the organization took home in 2019, and the $524K in 2018. also made up a large portion of the organizations 2020 winnings, with Fnatic taking home $214K, with $101K of that coming from its 5th-8th finish at the World Championships. While many companies are expanding beyond esports, Forbes chose not to consider for this ranking Luminosity Gaming parent Enthusiast Gaming, which derives just 3% of its revenue from esports, according to its filings as a public company. Thus far, there have been 63 deals worth $2.34 billion in 2018. TSM's League of Legends team is one of the most successful in the game. While the team made most of its money from Dota 2, Brawl Star, and Rocket League, it also dabbles in League of Legends and has a strong affinity for FIFA 17, 18, and 19. This category only includes cookies that ensures basic functionalities and security features of the website. in the finals 4-2 to take home the lions share of the prize money. Tundra roster is . Live-event cancellations hit revenue by 23%, and the company began unloading teams. Disciplines. Page generated in 5.569934845 milliseconds, BetBoom Universe: Episode I - Comics Zone, RLCS 2022-23 - Winter: EU Regional 2 - Winter Cup, RLCS 2022-23 - Winter: NA Regional 2 - Winter Cup. (Joint) Team SoloMid (Valued $400 million), Florida Mayhem compete in the Overwatch League. Theres a broad-based agreement that esports as a stand-alone doesnt work as a business, one team executive says bluntly. TSM, which rebranded to TSM FTX after signing a $210 million partnership with the exchange, is valued at $540 million, the most valuable esports company in 2022. Fnatic operate in the European LEC franchised league for League of Legends, and made it all the way to the World Championship finals in 2018 in a losing effort against Invictus Gaming. Once again, Johan "N0tail" Sundstein has managed to amass the biggest prize purse of awards thanks to his commitment to professional Dota 2 and string of successes in 2018 and 2019 with his team, OG. Once again, TSM, owned by Andy Dinh, leads the way, rising 32% to $540 million. Each game listed alongside a company indicates the company fields a competitive esports team in that title, apart from content streamers. The police have back . JerAx (Jesse . December 2020 marked Yellow Submarine's lineup. He recorded career highs of 15.4 points a game and 2.2 steals a game (fifth in the league) and made 101 three-point field goals in the 1996-97 season . Moscow's Team Spirit is a Russian eSports organization founded in 2015. Evil Geniuses, aka EG, are a predominantly North American eSports organization, based in San Francisco. (Newzoo, 2021) Meanwhile, the global esports market combined with games streaming is expected to be worth $2.1 billion in 2021 and more than $3.5 billion by 2025. Theyre still newbies, as far as this list is concerned, making their winnings from a mere 50 tournaments particularly impressive. Vici Gaming 11. Much like Virtus.pro, Team Liquid brought home the bulk of its 2020 prize money from CS:GO and Dota 2. Team SoloMid has topped . Spacestation, much like G2, has teams in multiple esports titles winning $5K here, $10K there, that helped to bolster its numbers for 2020. That recognition has sent teams scrambling to expand to broader gaming culture and beyond, treating esports more like a customer acquisition funnel as they seek to justify their lofty valuations and continue to scale. | T1 Clubs have a certain value, not only in conventional sports. FaZes plan to go public has come with risks. The London-based company is now building up its products businesses, starting with gaming hardware, including keyboards and mice. Faker has earned more than $1.17 million from 40 tournaments, the highest from Korea. Quite, at 16 years . Here are the top 10 teams in terms of prize money won for 2020. It also reported that $24.8 million of the $53 million in revenue generated in 2021 came from brand sponsorships. The team decided not to spend the reported $20 million required to own a Call of Duty League franchise, but compete in the LCS, CS:GO and Fortnite, with their revenue believed to sit around $10 million. Regarded by many as a team synonymous with League of Legends, TSM also boast a mindblowing $400 million valuation, and it comes as no surprise that they operate one of the 12 LCS teams in North America. LGD Gaming is a Chinese multi-gaming team sponsored by Guizhou Laogandie Food. Founded in 2010, this team has exploded from a group of teens with video cams and a love for video gaming and into a multinational army of gamers. Fnatic has also started to gain traction in Japan. But fundamentally I believe some will become great and sustainable businesses.. Viewers of certain streams may donate money to their favorite players. Those results are pending. are the winners of the inaugural season of Activision Blizzards. Total Prize Money Earned: $18,385,456.79. He is betting that an expansion into Fortnite will help take him there. And for Team Secret, Dota 2 is a staple. Here we have one of the biggest esports organizations with many teams in various disciplines and players from all over the world. NRG Esports (Valued $150 million)10. Carolina Panthers founder and first-ever team owner Jerry Richardson died at the age of 86 on Wednesday night. With sponsorship booming, prize money larger than ever, and more and more eyes watching esports, here are 13 teams who, according to a report from Forbes, are now worth over $100 million, and bring in millions in revenue every year. If youre interested in selling products, becoming an Amazon influencer can be a good 2023 is shaping up to be a big year for advanced RFP software solutions. Capital raises and asset sales were taken into account but were not always considered determinative of a teams value, for various reasons. What could go wrong? Seeking to broaden their appeal, esports companies are now morphing into broader entertainment companies. Aster match roster is . Last month, the company opened the Castle, a funhouse, gamers version of a fraternity house and production studio to churn out digital content that can be sold to sponsors. Topping the list: Los Angeles-based TSM (formerly Team SoloMid), with a value of $410 million. 8. Another CIS team from top 10 best esports teams of our list is Team Spirit. 2 company, 100 Thieves, which counts Drake, music mogul Scooter Braun and billionaire Dan Gilbert among its. team and the $321K it made in 2020 to the No. Their $4 billion value, up 11%, ranks fifth among all sports. WSCs highlight automation improved the speed of ESPNs content creation. Fnatic has traditionally shown a commitment to the biggest esports games, entering Valorant and Halo Infinite since the last Forbes list. almost four million concurrent viewers across Twitch and YouTube, 100 Thieves CouRage leaves Twitch to stream on YouTube, acquisition of former OpTic Gaming chief Hector H3CZ Rodriguez, About Dexerto: Editorial staff, standards and policies, We may earn an affiliate commission from links on this page. Team Liquid belongs on any list featuring the biggest or best esports organizations. They initially focused on the original Dota, although they have since expanded to Dota 2. Fnatic has assembled dedicated teams for a range of games, including Dota 2, Hearthstone, and League of Legends. The company launched the community initiative Liquid+ last year and has a video content production arm in 1UP Studios and an influencer management agency in Liquid Media while still maintaining ownership of the wiki network Liquipedia. Dutch-founded organization and North American basedTeam Liquid take third place in the rankings, with a $320 million valuation. We painstakingly compiled our list of the 12 most valuable esports companies by talking to company owners, bankers and industry experts. He is also one of the most popular streamers among the fans. Natus Vincere ( Na'Vi) No. Red Bull 2. Tundra won 1 times. They recruited their first Dota2 player in 2012. So what makes an eSports team? Perhaps the biggest surprise is despite Fortnite being the name video game of 2018, it doesnt appear anywhere near the top of the high-earning tournament games. Honda 5. The vast majority of companies are cash-flow (in the sense of earnings before interest, taxes, depreciation and amortization) negative as they continue to spend money to build their rosters and brands. While team Aster performs with 40.00% winrate. Immortals Gaming Club drops off list as revenues plummet 23%. Team Liquid will look to capitalize on its CS:GO, Dota 2, League of Legends, and possibly Valorant teams heading into 2021. Team Spirit 5. Enthusiast Gaming is ranked for the first time. G2 could be positioned for a big payday in 2021 with any sort of return to esports normalcy. Newbee is a Chinese e-Sports team. It has dedicated teams for Dota 2, Hearthstone, and League of Legends. Teams had 3 encounters in the past, Aster won 1 times. Many esports companies raised capital based on inflated expectations of how the market will come together, particularly in the U.S., says Jens Hilgers, founding general partner of esports investor Bitkraft Ventures and co-owner of G2 Esports, which ranks No. It is highly competitive, and there are tournaments offering sizeable prize earnings around the globe. But having a rich owner can change that. The teams base is in Hangzhou, China. Reach Mike Ozanian at mozanian@forbes.com. A single tournament can yield hundreds of thousands of dollars in prize money, but almost all of it goes to the players. Teams face a number of other challenges from all directions. The deal also saw them snap up OpTics LCS spot, which will be rebranded to Immortals, and operate the Los Angeles Valiant OWL team and the MiBR CS:GO squad. 100 Thieves emerged as the second-most valuable esports company with a $460 million valuation. League of Legends also made up a large portion of the organizations 2020 winnings, with Fnatic taking home $214K, with $101K of that coming from its 5th-8th finish at the World Championships. The deal covers multiple Disney-controlled networks including ESPN, Disney XD and ABC. Since the start of 2021, G2 has announced apparel deals with Adidas, Ralph Lauren and New Era. Gen.G is a Korean-based organization but have spread their wings over the last few years and entered the American market with huge success throughout 2018 and 2019. You also have the option to opt-out of these cookies. gfinity.net. Different multiples are used for each. The team participates in Clash Royale, Apex Legends, Fortnite, Overwatch, Dragon Ball FighterZ, COD and many other eSports games. The decision puts an end to Maze's brief in-game leadership trial, and the Dane, who was first announced on Tuesday as the team's new captain, has now been . The organization will look to its multi-game approach once again in 2021 with the hopes that more events become available as more tournament organizers become comfortable running live events with the permission of local governments. The 10 Most Valuable Esports Teams Of The World 1-10 Who is #1? It is also represented by many over 19 countries, making it one of the most diverse teams on the planet. Disney's Marvel 10. The favorite for this one looks to be Tundra Esports with maximum odd of 1.66 offered by Pinnacle. There are also ideas emerging around so-called play-to-earn games, which reward users with NFTs or cryptocoins. Over two years, IGC paid $58 million for city-based teams that compete in each of the three major franchise leagues: the Call of Duty League (CDL), the League of Legends Championship Series (LCS) and the Overwatch League (OWL). Sam and Anne Mathews (son and mother) founded Fnatic in 2004, as they saw the potential future for eSports. Esports companies are constantly buying and selling teams and players to compete in the best leagues and build audiences on Amazons Twitch and Alphabets YouTube. Some of the gap was filled with its higher-margin online content business, including sponsored streams on Twitch and videos on YouTube. Fnatic was founded in 2004 with a Counter-Strike team. GH was a relatively unknown commodity prior to his signing with Team Liquid in late 2016. Indeed, Team OG won five of the first ten tournaments it entered. 100 Thieves Estimated Value: $190 million Richest Esports Organizations 100 Thieves, LLC is an American lifestyle brand and gaming organization based in Los Angeles, California. Manchester United, the iconic publicly traded English soccer team, has a comparable multiple of 5. If it were negotiating terms now, it would likely fetch an even higher price. NRG is worth an estimated $155 million this year, up 3%. Recently the renowned Forbes magazine released their list of top 10 Esports org's by the amount of revenue generated for the year 2020 and the amount of money these Esports organizations generate is insane. FaZe Clan 14. Dota2, in particular, appears to be where most of the money is nowadays.Cumulative prizes for Dota 2 nearly reached $50 million in 2021. Chipotle took notice and signed what could be a seven-figure deal with TSM. However, Team Secrets prize winnings are tied to its. 4 in the ranking. Theyre very much Dota 2 specialists. Earlier this year he signed 19-year-old superstar player Ali Myth Kabbani to his team and invested $1.5 million into a 4,300-square-foot house for his Fortnite roster of four to live, practice and stream for hours a day. In January, the company opened a 15,000-square-foot training facility and production studio, and in October, it signed with talent agency CAA for help getting its content distributed to mainstream platforms like Netflix and Amazon. The fanfare around the sky-high valuation assigned to FaZe in the fall masked some fundamental concerns about its businessissues that became more acute when, in an amended SEC filing last week, it revised its forecasts downward. With esports events like the 2019 League of Legends World Championships bringing in almost four million concurrent viewers across Twitch and YouTube, its no surprise that competitive gaming is now a multi-million dollar industry, and shows no signs of slowing down. All Rights Reserved. Notable performances include winning 2013, 2015, and 2016 League of Legends World Championships. Kevin Hitt is a business reporter for The Esports Observer that specializes in investigative journalism. This year? The Dallas Cowboys are easily the most valuable sports franchise in the world. Rodriguez has been able to weather the pandemic and dwindling esports prize pools by fielding multiple teams, with some not requiring a lot of overhead expenses. , and more in other titles. With revenue expected to fall to $8.5 million this year, the teams value isless than half the $260 million Forbes estimated in 2019. Here are some of the richest professional gamers in the world. This is a BETA experience. 3. Of Tournaments - 474 Total Prize Money - $11.1 million Natus Vincere, also called Na'Vi or NaVi is an Esports team based in Ukraine. This month, the five-year old company, which is owned by Jack and Paullie Etienne, raised $50 million in Series B funding. Team Liquid (Valued $320 million)1. Big companies approach teams with bids and contracts when they gain notoriety for their skills and a considerable fan base. But media rights are growing the fastest and are projected to be more than $320 million by 2021, making it the second-biggest source of revenue behind sponsorships. The deal would give FaZe the highest-ever valuation for an esports company, surpassing TSM. A software development company is looking to the NBA for help. The Esports organizations participating in Mobile Legends could be forced to drop or never sign a team for Wild Rift due 2022 The Esports Observer - a brand by Esports Business Solutions UG (haftungsbeschrnkt) i.L. Still, that kind of aggregation doesnt reflect the opportunity in any one esporta fan of League of Legends doesnt necessarily care about Call of Duty, the same way an NFL fan doesnt necessarily watch the NBA. (Joint) Misfits Gaming (Valued $120 million)11. Skeptics point to the companys $36.9 million net loss for 2021, among other things, and Forbes now values FaZe at $400 million, No. This organizations prize pool money is directly tied to the Dota 2 scene and hopes to see, along with many other organizations, Valve revive the scene in 2021. FaZe Clan is a popular Counter-Strike: Global Offensive gaming team. At well over $36 million winnings from nearly 2000 tournaments, they are by far the most . The company is also looking to expand globally with a particular eye on the U.S., with plans for a flagship in New York. Team Liquid are the dominant force in North American LoL. List of Top 10 eSports Teams 1. Riot Games began selling franchises for $10 million a pop for its game League of Legends in the summer of 2017. And Scooter Braun, manager of Justin Bieber and Ariana Grande, recently co-led a Series A round, bringing total funding to $25 million. FaZe Clans revenue figure was taken from its S-4 filing with the SEC as it seeks to go public; all other revenue figures represent an estimate for 2021, including both core esports and other divisions of each company. The No. With a net worth of $1.7 billion, esports is a small part of his portfolio, but one with a lot of space to grow. G2 Esports, the highest-ranked company outside of Los Angeles County, with its headquarters in Berlin, is branching out from esports with video content around its teams and a record label, G2 Music. When a team or player gets a large enough following, selling merchandise is also a good way to earn extra money. It plays a wider range of games than many other teams. The ESPN cover boy has 3.5 million followers on Twitter, 19 million subscribers for his YouTube channel and 11 million on Twitch.TV, and has showed up on mainstream talk shows including Ellen. The net worth for the team is $24,384. League operations during the pandemic was instrumental in making sure the North American esports scene remained relevant. Kabbani became the second-biggest star on Twitch, with 4.1 million followers. G2 Esports (Valued $165 million)8. Team Secret 6. Getty Images Valued at $190 million, 100 Thieves jumps to the fifth spot on our list, from No. Thats a key difference with traditional sports, where no one owns the idea of, say, baseball. eSports teams tend to have similar components. The effect these cancellations had on the total amount of money available to winning teams was tremendous as the team that won the most money this year would have come in at No. What kinds of money have they been making, and what games are the most popular? Many of the top eSports players are celebrities to Millennial and Generation Y fans. Our 12 companies have an average enterprise value of 13 times 2018 estimated sales. You are here: OAKLAND, CA - SEPTEMBER 09: A cosplay actress poses at the 2018 North American League of Legends Championship Series Summer Finals between Cloud9 and Team Liquid at ORACLE Arena on September 9, 2018 in Oakland, California. Enter the email address you used for registration. What is the best eSports team. The influence of sports on business and culture. competes in two of the top esports with teams in, which brought in the bulk of its prize money in 2020.
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