GameSquare acquires Complexity, Team BDS buys the Schalke 04 LEC spot | ESI Code # 49

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Every week, ESI code breaks down weekly events in the esports industry, making sense of things so you don’t have to. In addition to being hosted on Youtube, ESI Digest is available on all major podcast platforms and is also available in written form below.

In this week’s ESI Digest, we cover The complex game of GameSquare Esports acquisition, BDS team purchase Schalke 04 place LEC, Guild esports financial report, MPL Brazil launch, Williams racing in partnership with Solve.

This edition of ESI Digest is in partnership with Omicoach.

GameSquare Esports acquires Complexity Gaming for $ 27 million

North American esports organization Complexity Gaming has been acquired by GameSquare Esports, the parent company of esports agency Code Red Esports.

The acquisition will cost a total of $ 27million (~ £ 19.5million) in an all-stock transaction. As a result, the current ownership group of Complexity will become “the major shareholders” of GameSquare Esports.

Spot Schalke 04 LEC sold to Team BDS for € 26.5m

Image credit: BDS team

German football club Schalke 04 has finalized the sale of its League of Legends European Championship (LEC) license to the Swiss esports organization Team BDS.

According to Schalke 04 Esports’ announcement, the spot will be sold at the end of Summer Split 2021 for € 26.5million (~ £ 22.8million). News of Schalke 04 potentially seeking to sell its LEC seat was confirmed by the organization earlier in February.

Guild Esports reports loss of £ 4.3million over six months

UK esports organization Guild Esports reported a loss of £ 4.3million over a six-month period, ending March 31, 2021.

The figure was revealed following the release of Guild’s unaudited financial results earlier today. The organization cited its investment in esports teams, the Guild Academy, content creation and corporate infrastructure as a factor in the loss.

Mobile Legends: Bang Bang creates an esports league in Brazil

MPL Brazil
Image credit: MOONTON Games

Game developer MOONTON Games has expanded its Mobile Legends: Bang Bang Professional League (MPL) structure to include Brazil.

This is the first MPL competition to take place outside of South East Asia. Its inaugural season will feature a total of eight teams and a prize pool of $ 30,000 (£ 21,551). Six teams will be invited to compete in MPL Brazil, including two teams from open qualifiers.

Williams Racing teams up with Resolve to enter RLCS Season XI

resolution-williams-partnerships-1024x490
Credit: Williams Racing / Resolve Esports

UK-based Formula 1 team Williams Racing have announced that they will compete in the eleventh season of the Rocket League Championship Series (RLCS).

Following the expansion, the team partnered with UK esports organization Resolve Esports to gain “knowledge” of the Rocket League esports scene.


ESI Digest, in partnership with GRID Esports, is part of the ESI Podcast Network, a collection of podcasts encompassing the esports industry. For in-depth dives in key areas of esports with subject matter experts, check out Focus ESI. For conversations with key personnel and key esports stakeholders, ESI overview is the series for you.

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