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

Odaily Planet Daily News Chiliz Group announced the acquisition of 51% of the world-renowned e-sports club OG Esports, officially controlling the team, and plans to expand the team size, expand its business territory and strengthen fan interaction. After the acquisition, OG co-founder Xavier Oswald will serve as CEO, while Johan “n 0 tail” Sundstein and Sébastien “Ceb” Debs will launch new strategic projects to further consolidate OG’s competitive foundation. Founded in 2015, OG is the first team to achieve two consecutive championships in the Dota 2 International Invitational, and has since expanded to projects such as CS, Honor of Kings and MLBB. Its $OG fan token launched in 2020 once exceeded its market capitalization of $100 million. With the completion of the acquisition, Socios.com will become the exclusive platform for $OG fan tokens. The token will serve as a flagship case of the fan economy, exploring more application scenarios such as tickets, peripherals, venue rights and revenue sharing. Chiliz Group said it will use its global network covering more than 80 top sports organizations to help OG expand its international market and push the fan token ecosystem into the 2.0 stage.