Emirates Esports Federation Opens Invitation for EGL Franchise Tender
In a groundbreaking move for the esports industry, the Emirates Esports Federation (EEF) has partnered with ITW Universe to unveil an Invitation to Tender (ITT) for acquiring and operating franchises within the new E-Gaming League (EGL). This initiative is designed to immerse global investors, esports teams, and affluent individuals in the flourishing world of competitive gaming. The goal is to establish the UAE as a major player in digital entertainment and a prime location for economic growth.
The EGL aims to foster a sustainable and inclusive framework for esports, appealing to a wide demographic and offering a competitive platform that spans various gaming genres. This expansive reach is intended to create a consistent basis for international collaboration and long-term investment opportunities.
Highlighting the importance of this venture, Sheikh Sultan Bin Khalifa Bin Shakbout Al Nahyan, the President of EEF, remarked, "The EGL franchise model signifies a revolutionary shift in the esports landscape. This model not only provides a stable platform but also opens doors for worldwide collaboration and immense investment opportunities. Esports has evolved into a mass entertainment phenomenon that connects cultures and generations. Through EGL, we are here to shape the future of the digital economy."
Saeed Ali Al-Tahir, General Secretary of the Emirates Esports Federation, echoed this perspective, stating, "The launch of the EGL franchise model marks a pivotal moment in esports evolution. It acts as a symbol of innovation, offering stability through fair revenue-sharing, strategic partnerships, and enhancements in talent development. Our ultimate vision is for the UAE to become the world leader in competitive gaming, driving economic progress and cultural interactions for future generations."
Vivek Chandra, Director of ITW Universe, added, "We are excited to collaborate with the Emirates Esports Federation for the EGL Franchise Ownership Tender. Our aim is to attract innovative partners keen on joining a thriving and lucrative esports environment. We aspire to form a league that enhances the value for all stakeholders in the ecosystem, with our franchise partners taking center stage."
Key Details of the Tender
Investors interested in EGL franchises will benefit from a lifetime license, participation in a multi-genre league, a guaranteed minimum of 50% on licensing fees, and shared revenues from sponsorships, media rights, and merchandise. This unique opportunity places franchisees at the forefront of a booming $5.17 billion esports sector, securing ongoing growth and a distinguished position within competitive gaming.
Prospective franchise owners are encouraged to delve into the detailed ITT document available on the EGL website or reach out for additional insights into this groundbreaking opportunity.
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