Esports : $1B teams ? (NBA in the 1980s)
▻https://hackernoon.com/esports-1b-teams-nba-in-the-1980s-b3ffcb54c4f7?source=rss----3a8144eabfe
Today, every #nba team is worth over $1B (USD) and we believe that esports organizations could be worth the same, or more, in the near future. History is repeating itself, but much faster this time.After noticing the deals taking place with esports teams like Cloud9 raising $50M, TSM raising $37M, Team Liquid raising $25M, and the lucrative expansion fees for OWL franchises, it reminded us of what happened in the NBA in the 1980s. The investments in these esports teams and franchises are very similar to the prices paid for NBA franchises in the 1980s.The path to a $1B valuation will happen faster for esports organizations than it did for the NBA.Main Takeaways:1) Team transaction values are similar2) Expansion fees are similar3) Global viewership for esports will drive higher valuations (...)