British esports organization Fnatic has reportedly entered the final phase of its investment and acquisition process, which began several months ago.
According to sources cited by RFT, the company's leadership expects to make a final decision within the coming weeks. Multiple formal offers are currently under consideration, including proposals for both minority investments and a complete acquisition of the organization.
As part of the process, the involvement of professional football clubs has now been confirmed. Earlier rumors linking clubs such as FC Schalke 04 and Sevilla FC to potential interest in Fnatic were described as “not entirely unfounded.” A representative confirmed that football organizations are indeed participating in discussions, although no specific names have been officially disclosed at this stage.
The window for new bidders is reportedly close to shutting. Current negotiations with existing parties are said to be well advanced, and Fnatic has already received several letters of intent. While a new buyer could theoretically emerge, sources consider it unlikely due to the limited timeframe and the speed at which any new entrant would need to act.
Fnatic’s valuation in the ongoing transaction is also expected to be lower than previously anticipated. Despite media reports last year suggesting a valuation of around $100 million, sources indicate that the organization’s current market value will be significantly below that figure.
The outcome of the process could mark one of the most significant ownership changes in esports this year, given Fnatic’s status as one of the industry's longest-standing and most recognizable organizations.
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