Mike Tyson invests in rising esports team. Boxing champion planes to build new gaming facility
Famous boxing champion Mike Tyson is entering esports by making an investment into a young gaming organization Fade 2 Karma, and will also look to build a new gaming facility for them in Southern California
MAY 24, 2019 3:45 PM
Mike Tyson has announced that he will officially be investing some of his hard won fortune into Fade 2 Karma. The organisation has taken in Tyson's
investment and is looking into expanding their facilities.
Fade 2 Karma describe themselves as a "professional eSports and Gaming Entertainment organization" who are mainly involved in Heathstone.
Although specific figures weren't disclosed, Tyson and co have big plans
with Fade 2 Karma and are going to produce a huge esports entertainment venue named simply The Ranch House.

On Wednesday, Tyson also visited the Fade 2 Karma professional Hearthstone players for a live-streaming session broadcasted on Alliestrasza Macpherson's Twitch channel. It was the first time the former pro boxer competed in Hearthstone.
The new facility, called "The Ranch House," will include private livestreaming rooms, a performance stage for tournaments, content production and a rooftop party deck.
"It was pretty awesome. I had the opportunity to really engage with some millennials, which I never really actually do," Tyson told ESPN on Thursday. "This is the first time, and I thought it was pretty awesome. We played Hearthstone. I really sucked real bad. You have to start somewhere. I played games before, so I'm going to start over and see what happens from here."

It seems like investing in eSports teams is becoming a growing trend for celebrities. The former boxer will be joining a surge of personalities who have been making the leap into esports including Rick Fox, Shaquille O'Neal, Stephen Curry and much more.
The eSport industry continues to become a new frontier for investors looking to capitalize on the future of sports. In 2019, the industry is projected to eclipse $1 billion in annual revenue, according to a report by analytics firm Newzoo.