UK-based esports organisation Guild Esports has announced the termination of its partnership with an unnamed European fintech company.
In the release, the company has cited ‘delays in the sponsor’s launch and the payment of sums’ as the main reasons for the deal’s cancellation.
The partnership was first announced on 19 October 2020. The unnamed partner was supposed to provide Guild with an annual fee of £1.1m in the first year, £1.2m in the second year, and £1.3m in the third year, equalling a total of £3.