Australian e-sports just got more serious.
The Dire Wolves, one of our professional League of Legends (LoL) teams, was last week bought by sports business group Guinevere Capital. Guinevere Capital purchased a controlling stake in the team, marking the first major investment in an Australian LoL team.
"The [Oceanic Pro League] is becoming increasingly popular for investors and sponsors as the league and e-sports continues to grow in Oceania," said Daniel Ringland, head of e-sports Oceania at LoL developer Riot Games. "Investors help establish a support network for the players, which in turn sees the quality of performance increase in the team and the league."
It comes less than a month after the Philadelphia 76ers bought two LoL teams, which itself followed Spanish soccer club Valencia FC starting a team for itself in July. As you can tell, e-sports is growing rapidly, with . That's a 43 percent increase from 2015.
Released in 2009, League of Legends is the world's most-played e-sport. It has over 100 million monthly active players, according to Riot Games.