Report: Warriors' Joe, Kirk Lacob Put Up Millions as E-sports Franchise Owners - NBC Bay Area

Report: Warriors' Joe, Kirk Lacob Put Up Millions as E-sports Franchise Owners

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    Report: Warriors' Joe, Kirk Lacob Put Up Millions as E-sports Franchise Owners
    NBC Sports Bay Area staff
    Report: Warriors' Joe, Kirk Lacob put up millions as e-sports franchise owners

    The Lacob family already has it all in the NBA. Looks like it's time for a new challenge as the Warriors go for their third championship in four seasons. 

    Warriors majority owner Joe Lacob and his assistant general manager son Kirk have been accepted into the North American League of Legends Championship Series as the newest e-sports series franchise owners, according to Jacob Wolf of ESPN

    Joining the e-sports world as franchise owners of the world-wide game will not come without a large price tag. 

    The Lacobs will hand over a $13 million entry fee for the League Championship Series over the next few years. First, they must pay an $8 million fee upront. Not owning an existing franchise in prior League of Legends seasons will cost them $3 million alone. 

    This isn't new for the Warriors. Joe Lacob is the third Warriors co-owner to buy an e-sports team in the last 18 months. Peter Gruber is a leader in aXiomatic, an investment group that purchased majority stake in Team Liquid back in July of 2016. Also, minority owner and venture capitalist Chamath Palihapitiya is a part of a $3 million seed round of funding for e-sports organization Cloud9.