Event organizer

Gruppo Amodei acquires majority stake in Italian esports event organizer PG Esports – ARCHIVES

Milan, Italy-based esports event organizer PG Esports has changed ownership. The co-owner of the gaming-focused consumer lounge Milan Games Week, event organizer company Fandango Club, has sold a 51% stake in PG Esports to Gruppo Amodei. Gruppo Amodei is the asset management company of the Amodei family, currently headed by Roberto Amodei and owner of several newspapers, including the sports dailies Corriere dello Sport-Stadio and Tuttosport. Financial terms of the acquisition were not disclosed.

According to an announcement, PG Esports founder Pier Luigi Parnofiello will continue to lead the company and PG Esports will maintain its headquarters on the Fandango Club campus where its production and casting studios are located. Parnofiello owns a 15% stake in PG Esports.

Additionally, PG Esports, which currently runs domestic leagues and tournaments in League of Legends and rainbow six in Italy, will continue its strategic partnership with the Fandango Club, which participates in the operation of its events and still owns 34% of the shares of PG Esports.

Corriere dello Sport-Stadio and Tuttosport editor Robert Amodei noted that he was also looking to cover esports in his newspapers.