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.
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.