Dignitas return to LCS with acquisition of Clutch Gaming
The parent company of Dignitas, the Philadelphia 76ers and New Jersey Devils announced Thursday that it has forged a partnership with the Houston Rockets to acquire League of Legends Championship Series team Clutch Gaming.
ESPN reported in April that Harris Blitzer Sports & Entertainment had agreed in principle to buy the majority share in Clutch from the Rockets for $20 million. Bloomberg Sports reported Thursday that the deal values Clutch and their franchise slot at more than $30 million.
The partnership is the first-ever merger involving a League of Legends franchise in Riot Games' LCS, the competition's top level in North America. It also marks Dignitas' return to the LCS after it previously fielded League teams in North America and Europe.
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