North American esports organization Immortals is getting ready to make a move on OpTic Gaming.
Having completed a US$30 million Series B funding round and flush with cash, Immortals is looking to return League of Legends Championship Series (LCS) by bidding for OpTic Gaming’s holding company, reported ESPN.
Infinite Esports & Entertainment, the holding company of OpTic Gaming and the Overwatch League franchise Houston Outlaws, had its majority owner Texas Esports put up for sale its majority stake in the company for US$150 million back in January, but this amount requires Immortals to raise additional capital in order to fund that transaction.
But should Immortals win that bid, the organization will most likely return to the LCS by virtue of holding OpTic’s spot. However, that would mean that the organization would also have to rescind ownership of the Houston Outlaws, as they already own the Los Angeles Valiant.
Even so, a return to the LCS would most probably be a priority for Immortals. The team was notably left out of the initial group of franchise partners for the league chosen by Riot Games back in 2017 despite being one of the three teams from the LCS to qualify for the 2017 League of Legends World Championship. Riot reportedly rejected Immortals from the LCS over concerns of the company’s financial obligations.
Apart from the funding round, Immortals will also be rebranding its holding company and facilitating executive changes within the organization, which includes founder Noah Whinston stepping down from his managerial role.
The new holding company, Immortals Gaming Club, will own Immortals as well as Overwatch League franchise Los Angeles Valiant and Brazilian Counter-Strike: Global Offensive team MIBR.
The organization also expanded its presence in the South American esports scene with the acquisition of Gamers Club, the leading Brazilian game matchmaking platform.