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

ChainCatcher reported that Chiliz Group has announced the acquisition of a 51% stake in the globally renowned esports club OG Esports, officially taking control of the team. The group plans to expand the team, broaden its commercial footprint, and strengthen fan engagement.

Following this acquisition, OG co-founder Xavier Oswald will serve as CEO, while Johan “n0tail” Sundstein and Sébastien “Ceb” Debs will launch new strategic projects to further solidify OG’s competitive foundation. Founded in 2015, OG was the first team to win back-to-back championships at The International Dota 2 tournament, and later expanded into CS, Honor of Kings, and MLBB. The $OG fan token, launched in 2020, once surpassed a market capitalization of 100 millions USD.

With the completion of the acquisition, Socios.com will become the exclusive platform for the $OG fan token, which will serve as a flagship case for the fan economy, exploring more use cases such as ticketing, merchandise, venue rights, and revenue sharing. Chiliz Group stated that it will leverage its global network, which covers more than 80 top sports organizations, to help OG expand into international markets and drive the fan token ecosystem into its second phase.