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Footballer David Beckham Owned Guild Esports Reported Massive £4.3 million deficit in 6 months

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Guild Esports

Guild Esports, a British esports organization co-owned by former footballer David Beckham, reported a £ 4.3 million deficit in the first half of fiscal 2020. Following the release of the club’s unaudited financial results, this information became available.

The losses were attributed to the organization’s investments in the learning platform, content providers, products, and corporate infrastructure, according to the company. According to the company’s financial report, the organization’s earnings for the same six months totaled around £ 369 thousand, with £ 283.6 thousand coming from prize money won in events and £ 58 thousand coming from sponsorship deals.

In 2021, Guild Esports CEO Cal Hurd claims that the club has extensively invested in Valorant, FIFA, and Rocket League rosters. In addition, Guild Academy, a subscription service for online training in the e-sports area, was launched in May.

“In the first six months since our IPO, we have implemented our vision of investing in and growing best-in-class esports teams, content creators, lifestyle gear, and our academy system, along with a fully supported operations team,” said Kal Hourd, Chief Executive Officer of Guild Esports.
“The Guild Academy’s opening in May 2021 has established a potentially significant scalable revenue stream for Guild, as well as fostering a dedicated fan following and a source of future talent. The school is the most extensive and advanced esports online training platform in the world, and it exemplifies Guild’s holistic approach.”

ABOUT GUILD ESPORTS

Their website states: David Beckham is a co-owner of Guild Esports (Guild), a new global esports company based in London. Guild’s goal, when it launches in June 2020, is to create a culture of excellence not only among its professional athletes but also among its brand and digital presence. Guild already fields professional teams in Fortnite, Rocket League, FIFA, and Valorant, and is planning to enter numerous more esports disciplines over the next year, celebrating and utilizing the diversity and tribal loyalties of sports fans around the world.

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