Only one year after being acquired by US investor DCB Sports, UK-based organisation Guild Esports has reportedly been listed for sale on an insolvency marketplace.
Since being floated on the London Stock Exchange in 2020, the first British esports company to do so, the company’s stock has fallen over 90% from its peak.
What went wrong at Guild Esports?
Guild Esports was founded in 2018. Famously, the organisation was at one point part-owned by footballer David Beckham.
Initially, Guild Esports looked as though it could tap into the budding esports market and gain support through its star part-owner.