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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Pete Crow-Armstrong hit a tiebreaking two-run homer for his first major league hit, and the Chicago Cubs swept the Houston Astros with a 3-1 victory on Thursday.
Nico Hoerner had three hits and Mike Tauchman went 1 for 1 with three walks as Chicago won for the fourth time in five games. Hayden Wesneski (2-0) pitched 2 1/3 perfect innings for the win in relief of Javier Assad.
Houston has lost a season-high five straight and eight of nine overall. At 7-19, it is off to its worst 26-game start since it was 6-20 in 1969.
First-year manager Joe Espada was ejected by plate umpire Jansen Visconti in the top of ninth.
Crow-Armstrong was recalled from Triple-A Iowa when Cody Bellinger was placed on the 10-day injured list on Wednesday with two fractured ribs. The 22-year-old outfielder, who is considered one of the team’s top prospects, made his big league debut last year and went 0 for 14 while appearing in 13 games.
He picked a perfect time for his first major league hit.
Houston had a 1-0 lead before Dansby Swanson scampered home on a fielder’s choice grounder for Miguel Amaya in the sixth.
Espada then replaced Rafael Montero with Bryan Abreu, who threw a wild pitch with Crow-Armstrong trying to sacrifice Amaya to second. Crow-Armstrong then drove his next pitch deep to right, delighting the crowd of 29,876 at Wrigley Field.