Guild Esports in talks with DCB Sports about possible acquisition

Esports organization based in the United Kingdom Guild Esports has announced that its directors have signed a letter of intent (LOI) with an American investment company DCB Sports to take over the organization.

Upon completion of the deal, DCB Sports will acquire 100% of the assets of Guild Esports and assume all of the company’s previously disclosed liabilities.

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In Guild Esports’ announcement, the organization noted that there is no guarantee that the transaction will close. Additionally, Guild Esports remains in discussions with “other parties.”

Nevertheless, DCB Sports would acquire and operate the Guild brand if the acquisition goes through. This would include providing capital to enable the organisation to operate ‘on a stable financial platform’ and develop its existing partnerships.

Jasmine Skee, CEO of Guild Esports, commented on the potential acquisition: “The Board of Directors is committed to securing the long-term future of Guild Esports, both the PLC and the iconic Guild brand.

“Our deal with DCB Sports is an important step in that direction, as DCB Sports will enable Guild’s management to realise its strategic goals of building a world-class gaming-led media brand. Further announcements will be made in due course.”

DCB Sports, based in California, United States, is an asset management firm that is largely focused on the sports sector. According to the announcement, the firm has invested in Italian soccer club Venezia FC and The Bay Golf Club, a team that will compete in a new indoor golf league called TGL. In addition, DCB Sports led a consortium to buy a Los Angeles team in Big3, a 3v3 basketball league.

If the purchase of Guild’s assets goes through, it will be the company’s first investment in esports.

News of the potential acquisition of Guild Esports follows an announcement from the organisation last week that it was exploring financial solutions. As of 31 July, the organisation’s cash position was £25,000. Guild Esports’ liabilities totalled £1.36m through September 2024, with receivables – the amount owed to Guild – at £1.52m.

Some of the solutions discussed in the previous announcement included securing additional financing, negotiating with creditors, “spinning off” assets or becoming part of a larger group.

The transaction between Guild Esports and DCB Sports remains subject to factors such as entering into a definitive legal agreement and completing a due diligence process.

Gary LaDrido, Managing Partner of DCB Sports, added: “Esports is the perfect combination of sports, gaming and entertainment. We have been following esports for a long time and with Guild we have found the perfect opportunity to enter the sector for the first time.

“We look forward to working with Guild’s impressive list of clients and building new relationships around the world. We are excited to partner with Jasmine and management to deliver on their strategy to grow Guild into a leading international media brand.”