David Beckham takes a shot at the video gaming market by taking a stake in Guild Esport
David Beckham has taken a punt on the video gaming market, buying a stake in Guild Esports.
The former England football captain is taking a ‘significant minority stake’ in the start-up, which is building a talent academy for esports players.
Once the pastime of teenagers in their bedrooms, esports – or competitive video gaming – has become a career for some.
Game on: Former England football captain David Beckham is taking a ‘significant minority stake’ in the start-up Guild Esports
The industry is worth more than £800million, and global tournaments can offer prize awards in the region of £2.5million.
As well as its academy, which will scout for promising players and allow them to be coached by ‘industry leaders’, Guild wants to develop its own teams.
They will aim to win prize money in games such as Rocket League, Fifa and Fortnite.
For Beckham, the investment through DB Ventures will add to his business empire – which also includes stakes in US football club Inter Miami and the Haig Club whisky brand he launched with Diageo.
Guild is hoping to raise £25million in its latest funding round, giving the London-based business a £100million valuation.