Transaction will go into effect for the 2023 season with MGG remaining a minority partner in the team.
Move comes as MGG continues expansion of larger strategy to invest more in creators alongside esports.
Today, Misfits Gaming Group (MGG) announced that Team Heretics has purchased the Misfits Gaming LEC slot. The transaction will go into effect for the 2023 season with MGG continuing to remain a minority partner in the team moving forward. The move also entails MGG stepping aside from the LFL at the conclusion of the 2022 season.
For MGG, the move continues an additional step in a larger strategy to expand more of its focus on fueling creative talent alongside fielding competitive teams. MGG has increased its emphasis on partnering with top creators from the gaming and streaming community and working with them to build projects they’re passionate about.
The most recent example of this is the forthcoming launch of TubNet (in August 2022), a new cross-platform Minecraft Server debuting from MGG and the popular Minecraft streamer and content creator, Tubbo. View the trailer here which was just released at TwitchCon.
MGG will remain fixtures in both Activision-Blizzard’s Overwatch League (Florida Mayhem), and Activision-Blizzard’s Call of Duty League (Florida Mutineers) while also maintaining its presence in Riot Games’ VALORANT.
“Misfits’ mission has always centered on building iconic and inclusive brands that empower our community to embrace whatever makes them unique,” said Ben Spoont, co-founder and CEO of Misfits Gaming Group. “We have partnered with a diverse, innovative roster of creators who have visions to do so much more than stream and compete. Our role as Misfits Gaming Group is to use our creative, strategic and financial resources to help our talent bring their ideas and dreams to life. TubNet is the first of what we expect will be a large number of creator-driven programs and businesses that operate under the Misfits umbrella in the years ahead. It’s bittersweet to know that our mission to diversify means that we cannot be in all places at once and we’re sad to say so long to the loving camaraderie and competitiveness of the LEC, but we did not make this decision lightly and ran an exhaustive process vetting numerous interested offer parties and came to the decision that Team Heretics was the right selection to continue on as responsible stewards of the League.”