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FaZe Clan among several esports organizations receiving PPP loan money

Washington Post - Technology News

Though there is a range between these organizations in both financial and competitive success, the common thread between them all is their participation in these Activision Blizzard-operated leagues that required franchise buy-ins, reported to have been for at least $20 million per team. The organizations also share similarly acclaimed and wealthy ownership groups. Enthusiast Gaming is a publicly traded Canadian company. The co-CEO and co-founder of NRG is Sacramento Kings co-owner Andy Miller. Andbox is a subsidiary of a venture capital fund backed by the owners of the New York Mets.


30 Under 30 In Games 2017: The Creators And Founders Behind TSM, 'Stardew Valley' And 'Cards Against Humanity'

Forbes - Tech

"It was really about doing something that I loved, doing something that I had a lot of fun with," Andy Dinh said of starting his eSport organization, Team SoloMid in 2009. Dinh intended to drop out of high school to attend college early, but in looking for work to pay for school, he found a lucrative business in offering guides to the then fledgling game, League of Legends. Looking to compete in the early tournaments for the game but failing to persuade an existing eSport organization to pick up his team, Dinh formed TSM with the revenue from his website. Seven years later Dinh's Team SoloMid is North America's top team in LoL, which now attracts over 100 million players monthly and sells out arenas like Madison Square Garden for its live competitions. Early on, the tireless Dinh both captained and managed the organization before stepping down from the former in 2013 to focus on the latter, bringing in sponsors like Geico, Axe and HTC and building a massive social following for its in-house content.