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Houston Outlaws esports team sold for $40 million

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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Report: Houston Astros eyeing someone to help clean up messy offseason

A lot was made of the Astros' decision to part ways with GM James Click after winning the World Series in 2022. At the time, there were rumors swirling about owner Jim Crane's interest in bringing back former Astros assistant GM David Stearns.

However, Stearns was under contract with the Brewers at the time, and wasn't available for the position even if the rumors were true. The Astros held off on hiring a new GM and made several head-scratching moves in free agency. Like signing 36-year-old Jose Abreu to a massive three-year contact worth almost $60 million.

Jeff Bagwell became the face of the Astros offseason, as he helped oversee the pursuit of Abreu in free agency. He's also taken some heat for the team re-signing Rafael Montero to a big contract. Fair or unfair, many blame Bagwell for Houston's disastrous offseason. Abreu is currently one of the worst hitters in baseball (6th worst OPS in MLB), and Montero has an ERA over 5.

Crane eventually hired current GM Dana Brown to lead the club moving forward. Here's where things get interesting. The Athletic is reporting this week that Stearns has been in contact with the Mets and Astros about a front office position. Houston currently does not have a President of Baseball Operations, so that could possibly be a role Crane is looking to fill.

Be sure to watch the video above as we discuss the Astros' reported interest in Stearns, and discuss how a new power structure could impact the team, and current GM Dana Brown.

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