Football legend and Inter Miami owner David Beckham is to float his esports team on the London Stock Market in the hopes of raising tens of millions of pounds to help fund its entry to the world of online sport.

Guild Esports released in June and it intends to field teams to complete in 4 global online video games– Fortnite, Counter-Strike: Global Offensive, Rocket League and FIFA.

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As well as completing in major esports tournaments, the company is seeking to create gamer training and scouting infrastructure modelled on the skill academies in the Premier League.

Beckham is a founding investor with a considerable minority stake in business and will use his “global impact and following to support the advancement of the company’s brand and business.”.

With career earnings of over $730 million, Beckham is said to be worth over $47 million. In 2019, Forbes reported that Beckham purchased a one-third stake in his own company, Beckham Holdings, for $50m, placing a $150m valuation on the company.

Funds raised by floating the company will be utilized to hire brand-new players, invest in the company’s brand and expand the company’s activities.

The business has actually currently raised ₤ 5m in personal equity funding and is looking for an appraisal of ₤ 50m.

” Guild will be the first esports franchise to join the London stock market,” executive chairman of Guild Carleton Curtis said. “It will supply us with the cache, trustworthiness and capital to satisfy our aspiration to turn into one of the world’s top 10 esports franchises within 3 years.”.

The company stated it planned to develop earnings through tournament profits, digital marketing chances, sponsorship, membership, merchandise and advertising trips and events.