I’ve long wanted to own a competitive esports team. The revenue model has never made sense though. I’ve never been able to work it out where it wouldn’t just be a hobby that loses money year after year.
“The fact is that most League of Legends teams lose money. Operating costs continue to increase dramatically and Riot’s team compensation only covers a small fraction of those costs. In essence, team losses are subsidizing the marketing activities of a multi-billion dollar company.”
This is what it comes down to. Right now esports teams are providing a huge entertainment boost that markets games and gets people interested. This, all the while losing money.
Most of these are hobbyists who have turned more pro. Sometimes they have larger brands behind them but they’re still usually not breaking even.
You have to love the game and the sport more than you want to run an actual business. It’s not the NBA, yet.