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Milwaukee Bucks co-owner and co-chairman of Fortress Investment Group Wesley Edens is buying into the North American League of Legends Championship Series, according to a recent report from ESPN.
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Edens, 55, is reportedly purchasing Cloud9 Challenger’s LCS spot for $2.5 million, with four player contracts making up about $700,000. Sources didn’t tell ESPN what the future name or brand of the team would be.
“I knew (e-sports) would come to this but not this quick. It just goes to show how much money is about to pour into e-sports this coming year,” one source told SportTechie, who requested anonymity because of the pending deal, which still needs approval from Riot Games.