eSports

Finest Acquires Monaco Esports for $10M

Published

3 years ago

March 25, 2022

Reading Time: < 1 minute

Israeli esports organisation Finest has announced the acquisition of Monaco Esports Fédération-owned team Monaco Esports for $10m.

As part of the merger, Monaco Esports operations and branding will cease to exist and will be absorbed into Finest. This won’t include the club’s upcoming Sim Racing event, which will carry on with Monaco Esports branding.

“I am really glad to welcome the Finest group in Monaco, their experience and knowledge of the esports world will help the principality of Monaco and the federation to improve and put Monaco in the front of the scene of esports,” Louis Ducruet, President of Monaco Esports Federation, said.

“It is a new era of esports we will witness in Monaco. For years we have been working to build the foundation of what would become a highly global structure. Monaco Esports merging with Finest gives that worldwide reach we’ve been expecting. We are now looking forward to the extraordinary results we are going to achieve within this new family,” Boris Fedoroff, President and Founder of Monaco Esports, said.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.