Madison Square Garden Sports Corp. and NRG Announce Combination of Counter Logic Gaming with NRG to Create Leading Esports Company

Madison Square Garden Sports Corp, and NRG, a professional gaming and entertainment company, announced the combination of Counter Logic Gaming (“CLG”) with NRG. As a result of the transaction, MSG Sports, which previously owned a controlling interest in CLG, now owns a noncontrolling equity interest in the larger, combined NRG/CLG company.

The newly combined company will be led by NRG Founder and CEO, Andy Miller, and will be home to leading North American esports teams in premier leagues including, League of Legends, Valorant, Overwatch, Apex Legends, and Rocket League. These teams will also benefit from NRG’s digital media brand, Full Squad Gaming, which has become an instant powerhouse amassing millions of followers on social media platforms.

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MSG Sports President and COO, David Hopkinson, said, “NRG is a leading professional gaming and entertainment company with championship teams and innovative content. This transaction has brought together premier esports teams with a track record of success and allows MSG Sports to remain a significant investor in the esports industry.”

NRG Founder and CEO, Andy Miller, said, “This transaction expands the NRG family and brings together two storied brands that are passionate about gaming. We will now have a larger esports presence with championship caliber teams competing at the highest level of global esports competition.”

NRG is a professional gaming and entertainment company headquartered in Los Angeles, California. Founded in 2016, NRG has embodied competitive esports excellence and the best of gaming culture over the last half-decade. With its championship teams and innovative gaming lifestyle content, NRG amassed over 2 billion content views in 2022. NRG boasts a World Championship Rocket League team, an Apex Legends squad with numerous national and international titles under its belt, and a top ranked fan favorite Valorant squad.

SOURCE: PR Newswire