David Beckham co-owned Guild Esports to go public soon with IPO on London Stock Exchange

Guild Esports is looking to become first esports organisation in UK to go public. Co-owned by former Manchester United star David Beckham, Guild Esports anunced plans to float 40% of its shares on London Stock Exchange by next month. According to franchise's executive chairman Carleton Curtis, company will look to raise £20 million, which will n be used to recruit new players and expand organisation.

"Guild will be first e-sports franchise to join London stock market," Curtis said in press release. "It will provide us with cache, credibility and capital to fulfil our ambition to become one of world's top 10 e-sports franchises within three years."

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Guild Esports to float its shares on LSE

Founded earlier this year, David Beckham is one of co-owners of Guild Esports. While details of Beckham's ownership in organisation remain undisclosed, it is said football icon holds a 'significant mirity stake' in esports team. Beckham, who is still one of leading names in world football, will use his "global influence and following to support development of company's brand and business," said Guild.

Guild currently has an active Rocket League roster, featuring European professional players Joseph 'ly' Kidd, Thomas 'ThO.' Binkhorst, Kyle 'Scrub Killa' Robertson and Kieran 'meqza' Durell. company soon plans to enter leading esports titles like FIFA, Fortnite and Counter-Strike: Global Offensive (CS: GO). 

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Guild Esports shares will initially be offered to large investors and investment firms before it will be open for general public. According to ir recent press release, Guild will use investment to recruit players to its various rosters using a similar franchise model like teams in English Premier League, NFL and NBA. " company plans to create a leading global franchise by establishing its own esports teams to compete in major esports tournaments and a player training and scouting infrastructure modelled on talent academies pioneered by Premier League football teams over many years," statement read.

David Beckham's investment in esports organisation furr enhances his portfolio as a potent investor. 45-year-old has his own fashion and fragrance line. He is also owner of Major League Soccer franchise Inter Miami and a joint-owner of League Two side Salford City with his Class of 92' - Gary Neville, Phil Neville, Paul Scholes, Ryan Giggs and Nicky Butt. 

Celebrity Net Worth estimates David Beckham's net worth to be around $450 million. 

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(Im Credits: David Beckham Instagram Handle)