Esports WCToday 09:16
Really is make or break for Guild in the next 3 months, I took some stock last week for another go
https://www.prnewswire.com/news-releases/esports-world-cup-to-feature-record-breaking-prize-pool-of-more-than-60-million-302118030.html#:~:text=The%20Club%20Championship%2C%20an%20innovative,they%20want%20to%20compete%20in.
This really is an incredible opportunity for GILD, however the company needs to be more transparent with investors. A presentation perhaps to explain how they are going to approach the Esports World Cup
- $20m club money on the line (this isn't player prize money, $45m for that, this is club money aka high margin cash in the bank)
- Distributed to the top 16 Esports teams at the WC based on performance for the first time ever
- One club will be crowned champion of the world (sponsor money would be massive for this)
There are 19 titles at the WC, I am not sure how many GULD have qualified for or been invited to. Looks like they failed to qualify for CS2
They are quite strong in Street Fighter, Fortnite and FIFA (which are three of the titles) however to get into the top 16 you'd think they will need to win all three of those which would likely put them in the top 5-10) even with no points from other platforms
As I've said, this event should be heavily backed by sponsors and if it is a recurring yearly event then it truly is a game changer for e-sports, lets hope its a very profitable event for all.
As for GILD, investor presentation needed in the coming weeks.