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USM Holdings has announced that it is making an investment of upwards of $100 million in Virtus.pro.
Founded by Alisher Usmanov, a 62-year-old Russian business magnate, USM Holdings is an investor in a variety of companies across several industries, from metals and mining to telecoms and internet.
The company is now looking to add to its impressive portfolio by making a big investment in Virtus.pro - one of the biggest esports organisations based in Russia - that could exceed the $100 million mark.
The investment will be used by Virtus.pro to launch new tournaments, support new games, create media channels and build new esports arenas, says Anton Cherepennikov, co-owner of the Russian organisation.
"E-sports are a unique proposition, uniting the sports, media and the internet industries," says Ivan Streshinsky, a member of USM Holdings' board.
"It is a fast-growing market, which has already generated huge interest around the world and Virtus.pro is the leader in the e-sports industry in Russia.
"I am confident that the support from USM will spur the company’s further development and enable it to take its projects to a whole new level."
Sooner or later big companies will fight to buy fnatic, NiP, Na'Vi, etc. Esports is going to another level :DDD
Post edited 2015-10-15 12:32:24
Valve is sucking out a lot of money too with their skins/music kits, "Valve have paid out since 2011 to folks who made and sold in-game items for their games. Itís over $57 million dollars from hats, knives, guns, staves, and swords across TF2, Dota 2, and Counter-Strike: Global Offensive."
Like i said, there are still a lot of uptapped resources in this business and the guy is smart by exploiting them. He can make amateur tournaments with buy-in fees, commercialize shit etc etc. Why not build a gaming community like ESEA or smth like that, in the long run it's a good pay-off. And im pretty sure, that the future will hold somekind of pay-per-view or subscriber basis, to watch the majors etc.
Post edited 2015-10-16 11:28:41
One word: Audience.
They will attract people to e-sports, then they will advertise products such consumers may buy.
Easy as that.
learn to read dumbass, the 78 million was for ESL
Post edited 2015-10-15 21:18:02
pasharichceps pls giff Volvo some skins
bigger events = bigger esport
bigger esport = better entertainment
are you retarded?
2nd not 2ns
Post edited 2015-10-16 04:50:06
Don't live in the past. Also the scene is bigger in csgo because of everyday leagues and tournaments. There is much more competition.
I am not gonna argue with idiots whos only argument is a rude word, this is why I am replying to u.
Post edited 2015-10-16 20:49:13
And also abou the steam counting, I just got in and in total Dota 2 is still on the lead.
"Usmanov even bought the Nobel medal from the discoverer of DNA and sent in back to him via post"
Such a PR, make roads better? Nope, give AMERICAN rich man nobel medal- YES!
http://www.kp.ru/daily/26436/3307532/ Russian small towns are dying - nobody cares, cause Moscow - FTW!
Post edited 2015-10-15 14:29:46
it will be better if he send thats money on roads/healthcare/etc.
than tell me how long will u have this 100m$
Post edited 2015-10-15 19:52:21
His net worth is Ä12 billion, that doesn't mean, that he has this money in cash. That means that he has the share in the companies he owns. Or that's usually the case.
But because he has made off his after the fall of the Soviet Union and by being a long time friend with Putin, i guess You can triple his net worth with ease.
i mean... if so big money is invested there, its pretty obvious that they gonna kick this roster and will try to pick up a tier1 lineup like fnatic or tsm
Post edited 2015-10-15 14:13:35
1. Alisher - arabic name.
2. Usmanov - uzbek, tatar surname.
3. Burkhanovich - arabic patronymic.
Where did he born? - In Namangan.
Where Namangan is situated? - In Uzbekistan.
How many years did he live in Uzbekistan and how many in Russia?
If you understand, nationality it's not a thing that you can change in 1 or more years.
"Virtus.pro gets $100m+ investment"
so which? lmao
Post edited 2015-10-15 13:03:40
So the organisation gets (maybe) 100M to develop itself bigger and better!
-> all cashprizes for VP
Big politics inc in CS GO community =(
Players we get to witness in football: Hazard/Neymar/Suarez/Ronaldo/Messi/+ 50-100 more and you are crying about money ruining things.
Do you think FIFA and UEFA is totally clean and blanced with all of theese astronomic money funds? cheats,mafia,illagals bets,blackmoney,match throws by players,sold referees...they will ruin esports in future too with theese acts.
If there is money,there is no fair pleasure,Only rich's.
once you cross the border into russia, putin`s army will draft you and send you to siria :(
Post edited 2015-10-15 14:35:43
"that could exceed the $100 million mark."
"The investment will be used by Virtus.pro to launch new tournaments, support new games, create media channels and build new esports arenas"
Its not even clear he will invest 100m and the article says nothing about csgo. He will probably support russian esports with bigger, better organized events and support russian newcomers, making it easier to become a professional. And in some years, he will profit with money from sponsors etc.
Post edited 2015-10-15 15:41:26
But they can "feel" this money indirectly - Virtus.pro management can decide to increase CS:GO team quarter/yearly budget, for example, they will invest $10 000 more so players will be living in better hotels during tournaments.
Hope you got it.
Post edited 2015-10-15 16:52:39
they could try to buy Valve. wouuld be better imo
i love this moron country. putin is love.
i know he didn't front this from his own pocket, but damn it puts into perspective how fuckin rich that guy is
"yo, need a lan aproved cheat, here is your 10milllion dollar, fulltime coder, can you guarantee there will be no problems?"
coder "10mio dollar? Youll get the cheat tonight boss!"
they run everything
we have nowhere to run
cry for mercy
Post edited 2015-10-15 20:16:16
Why they dont fund russians only MM servers,so finaly csgo MM becomes playable?
The bitterness over not having any good Russian teams and barely any players, and therefore wanting 'your' pride of Virtus Pro having the freaking Russian flag, is so pathetic. You're making yourself look like a bitter little Russian.
If it is 100million zimbabwean dollars that is about 24242,42 euros. try to look it up :P Zimbabwean dollar is worth nothing.
god damn this is exciting
this guy is a close friend with Putin and he might not like the fact that the main team is from Poland :D
and inb4 virtus.pro become top 1 because they stop throwing
Post edited 2015-10-15 20:03:43
more ppl = more cheaters
no vac = vac