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Houston Outlaws esports team sold for $40 million

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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Following Houston's 6-4 road trip, the Astros returned home to finish the first "half" of the season before the All Star break hosting Florida and Texas. Houston's road trip was filled with clutch performances in New York, dominance in taking 3 of 4 in Toronto, and a dose of close calls and tough realities with a short-handed team against Minnesota.

Now the Astros hope to take care of business against the lowly Marlins and division rival Rangers. The Texas series, in particular gives Houston the opportunity to reassert their hold on the #2 spot ahead of the Rangers who have won their last 5 games in a row (as of the time this was published). Both teams have won 7 of their last 10 games and hope to catch a free-falling Seattle team to overtake the division lead.

Dana Brown told the media last week he expects both Justin Verlander and Kyle Tucker to be reactivated following the All-Star break but Tucker's updates continue to be more promising than Verlander's and MUCH more promising than Lance McCullers. Astros manager informed the media this week that McCullers has been shut down from throwing after his arm did not respond well to his recent bullpen sessions and the team is formulating the plan for what's next for the embattled pitcher. McCullers hasn't pitched since the 2022 postseason and underwent season-ending flexor tendon surgery last June. McCullers is under contract with Houston until 2026.

An eventual return for Kyle Tucker would spur a juggling act from Joe Espada to find a proper balance of time for all his outfielders, none of which have separated themselves offensively. Chas McCormick had a great month of June recording an .804 OPS but that run looks more like an anomaly as his scuffles have continued over the past 2.5 weeks, recording just 4 hits over his last 32 plate appearances.

While Jake Meyers has wowed fans and teammates with his glove this season, his offense has hit a skid, hitting just .184 with a .565 OPS over the past month. After rookie Joey Loperfido's torrid debut, he too has struggled with the bat, hitting just .216 with .599 OPS over the same time period.

An unexpected bright spot has been the recent play of first baseman Jon Singleton. Over the last 4 weeks, "Big Jon" is batting .302 with an .802 OPS. It's worth mentioning that Singleton's season numbers are better than Florida's Josh Bell, who drew interest from Astros fans over the past several seasons as a potential answer at first base. Bell has 135 more ABs this season so its not quite an apples-to-apples comparison but there's no doubt Singleton's contributions were sorely needed following the release of Jose Abreu.

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