Guild Esports PLC - London-based media company that fields professional players for video gaming competitions and is backed by footballer David Beckham - Confirms that California-based investment management company DCB Sports LLC has bought all of Guild’s assets for £100,000 and assumed the company’s whole £2 million in liabilities. The Guild brand will be run through a new entity, Guild Esports & Gaming Ltd. Guild Chief Executive Officer Jasmine Skee has resigned with immediate effect.
The takeover follows Guild’s launch of a strategic review into its financial position in June, and the company’s exploration in August of the possible options available to it as its liabilities began to be due. Guild ‘exhausted all alternative fundraising and financing opportunities which would allow the company’s continued operation in its current form’ and signed a letter of intent for the sale with DCB Sports later that month.
The London-listed company will change its name to Cassel Capital PLC to avoid confusion with the Guild Esports & Gaming brand.
Current stock price: 0.050 pence, closed 17% lower in London on Wednesday
12-month change: down 89%
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