Finest shut down pro esports operations months after $10 million investment Team FinestIsraeli esports organization Team Finest has announced that it is pulling the plug on its professional esports operations, citing the current economic climate. In a Twitlonger post, Team Finest said that the decision was made after \u201ckey investors backed out of making further investments into the company.\u201d The Israeli organization was acquired in 2020 by media company RadarZero and had since struck partnerships with a number of prestigious non-endemic companies, including Logitech, Tezos, Samsung and Pizza Hut. In March 2022, Team Finest acquired Monaco Esports in a deal worth $10 million as part of their expansion plans. The move came six months after appointing Rotem Kamer, the former CEO of the Israel Football Association, as the company\u2019s new CEO. Mr. Kamer stepped down from the role in August, according to his LinkedIn profile. \u201cIt is with a heavy heart, but after nearly two years of successful esports operations and building up of the Finest brand and community, we are shutting down our professional esports operations,\u201d the Israeli organization said in a statement. \u201cThis was all due to macro-economic situations the world is presently facing and the fact that owning an esports team is still a very speculative investment.\u201d Finest added that it is \u201clooking to continue operating within the gaming and esport industries\u201d, although it will \u201cpivot into technologies, products, and services.\u201d In the wake of the news, Finest\u2019s Valorant team has announced that it will continue to compete under the temporary name \u2018Bonk\u2019 until it finds a new organization. Finest\u2019s CS:GO team, which had recently picked up Polish AWPer Aleksander \u2018hades\u2019 Miskiewicz from ENCE on loan, will finish out the tournaments it has left, with its future beyond that looking uncertain.<\/p>\n","protected":false},"excerpt":{"rendered":"
Finest shut down pro esports operations months after $10 million investment Team FinestIsraeli esports organization Team Finest has announced that it is pulling the plug on its professional esports operations, citing the current economic climate. In a Twitlonger post, Team Finest said that the decision was made after \u201ckey investors backed out of making further […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-66577","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts\/66577","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/comments?post=66577"}],"version-history":[{"count":0,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts\/66577\/revisions"}],"wp:attachment":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/media?parent=66577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/categories?post=66577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/tags?post=66577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}