Fnatic reportedly courting two soccer clubs, one German

Fnatic is reportedly in talks to sell ownership stakes to two soccer clubs, with at least one club believed to be based in Germany, according to Spanish podcaster Allio and French esports businessman Varizan. The organization has not confirmed the talks.

Fnatic fields five primary teams: a League of Legends European Championship (LEC) roster, a Valorant Champions Tour (VCT) roster, and squads in Rainbow Six, Counter-Strike 2 and Apex Legends. The organization’s social accounts list about 1.6 million followers on X, roughly 1 million on Instagram and nearly 700,000 subscribers on YouTube.

Public records show Fnatic’s Companies House filings have not been updated since October 16. Earlier reports indicated the company explored a buyout in 2025.

The reported asking price of about $100 million comes amid mixed signals for LEC slot values. Transactions involving Karmine Corp and Team Heretics have suggested an LEC slot value near €30 million. Public comments by Caedrel have referenced around €20 million, while Team Falcons has suggested slot values near €12 million. Franchise slot values are a significant factor when valuing multi-team organizations.

Observers note that private equity and venture capital investment in esports has declined since the post-COVID period, and some organizations are now selling minority stakes rather than seeking full buyouts. Fnatic recently launched Stash’d, a Counter-Strike case-opening site that drew criticism over its similarity to gambling products and questions about consumer protections.

No official statement from Fnatic or any football club tied to the rumors has been released. Market participants will watch for regulatory filings or company updates for confirmation of any negotiations or ownership changes.