Chiliz Group acquires 51% stake in OG Esports, with OG co-founder returning to management

Chiliz Group announced the acquisition of a 51% stake in OG Esports, a globally renowned esports club, formally taking control of the team. The company plans to expand the team, expand its commercial footprint, and strengthen fan engagement. Following the acquisition, OG co-founder Xavier Oswald will assume the role of CEO, while Johan "n 0 tail" Sundstein and Sébastien "Ceb" Debs will launch new strategic projects to further strengthen OG's competitive foundation. Founded in 2015, OG became the first team to win two consecutive Dota 2 International titles, later expanding into Counter-Strike, Arena of Valor, and Major League Baseball. Its $OG Fan Token, launched in 2020, surpassed a $100 million market capitalization. Following the acquisition, Socios.com will become the exclusive platform for the $OG Fan Token, which will serve as a flagship use case for the fan economy, exploring additional applications such as tickets, merchandise, venue privileges, and revenue sharing. Chiliz Group said it will leverage its global network of more than 80 top sports organizations to help OG expand into the international market and push the fan token ecosystem into phase 2.0.