For Finest, a deal worth $10 million for a small esports club based out of Monaco was an opportunity that could not be missed. But according to Finest’s Chairman of the Board, Mark Klein, this is only the beginning as the Israeli organization looks to continue its brand expansion internationally. The goal is to build organic bridges between various operations in an effort to build a sustainable esports business model.
“Esports money typically flows one way and that’s out, not in,” said Klein. “Even with excessive and extensive sponsorship coverage, it’s still hard to cover that nut.”
Finest is the biggest professional esports organization in Israel, with a strong presence in CS:GO, VALORANT, and FIFA. Their $10 million purchase of Monaco Esports, a budding esports hub in its own right, should help propel Finest. Klein’s hope is that it will bring more attention to Israeli esports as well.
“There are no other pro esports teams out of Israel to talk about…So, personally, selfishly, and professionally, it seemed like a good move,” added Klein. “And on top of that, [you had] all the multipliers that we could bring.
(All information was provided by Dexerto)
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