Chiliz Group acquires 51% stake in OG Esports, OG co-founder returns to management

ChainCatcher news, Chiliz Group announced the acquisition of a 51% stake in the globally renowned esports club OG Esports, officially taking control of the team, and plans to expand the team's scale, broaden its business landscape, and enhance fan interaction.

After the acquisition, OG co-founder Xavier Oswald will serve as CEO, while Johan "n0tail" Sundstein and Sébastien "Ceb" Debs will launch new strategic projects to further strengthen OG's competitive foundation. Founded in 2015, OG was the first team to achieve back-to-back championships at The International Dota 2 Championships and later expanded into CS, Honor of Kings, and MLBB. Its $OG fan token launched in 2020 once surpassed a market value of $100 million.

With the completion of the acquisition, Socios.com will become the exclusive platform for the $OG fan token, which will serve as a flagship case for the fan economy, exploring more application scenarios such as tickets, merchandise, venue rights, and revenue sharing. Chiliz Group stated that it will leverage its global network covering over 80 top sports organizations to help OG expand into international markets and advance the fan token ecosystem into Phase 2.