Photo by Jamie McInall/Pexels
Houston real estate investor Lee Zieben has agreed to terms with Immortals Gaming Club to purchase the Houston Outlaws for a total deal value of $40 million, sources familiar with the deal told ESPN.
According to an original ESPN report, the deal has not been executed but is expected to close in late August, with Zieben currently having a binding letter of intent with Immortals for the purchase, according to sources. Paperwork submission to and approval of the Overwatch League is pending, league sources said.
If completed as expected, Zieben will pay $30 million in cash and securities and assume the $10 million debt in remaining payments to the Overwatch League for the Houston Outlaws franchise slot, sources said. Immortals declined to comment. Lee Zieben's office and the Overwatch League did not respond to a request for comment.
Immortals will sell the team after they acquired Infinite Esports & Entertainment, the parent of OpTic Gaming and the Outlaws, in June.
Immortals will retain their ownership of OpTic, splitting that team and the Outlaws for the first time. In June, Immortals completed a deal with Activision Blizzard to enter the franchised Call of Duty League that is set to launch in 2020.
Continue reading on ABC13 to learn about the details of the sale.
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There’s been plenty of buzz about the Texans making moves during this year’s draft, and they didn’t waste any time proving it true.
Just hours before the 2025 NFL Draft kicks off, Houston has pulled off a trade with the Cleveland Browns.
It’s starting early today 👀
Texans Trade:
🔴 2025 5th round pick (166 overall)
🔴 2027 5th round pick
Browns Trade:
🔴 2025 6th round pick (179 overall)
🔴 2025 6th round pick (216 overall)
🔴 2025 7th round pick (255 overall) pic.twitter.com/b7VeYpJUNt
— Houston Texans (@HoustonTexans) April 24, 2025
Houston is sending a 2025 5th round pick and a 2027 5th round pick to Cleveland in exchange for two 2025 6th round picks and one 2025 7th round selection.
While it's no certainty, it sure seems the Texans are trying to acquire as much capital as possible in the 2025 Draft to help them maneuver up and down the board over the next three days.
Texans GM Nick Caserio has a reputation as a wheeler and dealer, and this year is clearly no exception.
Will the Texans use this capital to move up in the first round? We're about to find out!
Go Texans!