{"id":20384,"date":"2022-05-29T22:59:51","date_gmt":"2022-05-30T02:59:51","guid":{"rendered":"https:\/\/esportbet.com\/?p=20384"},"modified":"2022-05-29T22:59:51","modified_gmt":"2022-05-30T02:59:51","slug":"activision-blizzard-owed-400m-by-cdl-and-owl-teams","status":"publish","type":"post","link":"https:\/\/esportbet.com\/activision-blizzard-owed-400m-by-cdl-and-owl-teams\/","title":{"rendered":"Activision Blizzard owed $400m by CDL and OWL teams"},"content":{"rendered":"

Due to the COVID-19 pandemic that essentially shut down the world in 2020, Activision Blizzard took the initiative to extend a helping hand to Overwatch<\/a> and Call of Duty<\/a> teams.<\/p>\n

The help came in the form of deferred payments, as teams were allowed to compete for two years without making their franchise payments.<\/p>\n

However, recent reports have revealed that the organization is owed somewhere around US$400 million – possibly as much as $420 million – from participating Overwatch League<\/a> and CoD League<\/a> teams.<\/p>\n

The payments due for the CDL teams would have been more, but some teams paid $2.5 million each at the start of the season before the deferred payments were approved. Now, each of the teams reportedly owes an average of $22.5 million each.<\/p>\n

The report also revealed that each of the 20 franchises in the Overwatch league owes some money, ranging from $6 to $7.5 million.<\/p>\n

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BREAKING: @ATVI_AB<\/a> is still owed between $390 to $420 million in team franchise payments for @overwatchleague<\/a> and @CODLeague<\/a>, sources tell me. <\/p>\n

Those payments have been deferred since 2020 and are being discussed to extend the deferral to 2024 or later.https:\/\/t.co\/vLMBvVGfgn<\/a><\/p>\n

— Jacob Wolf (@JacobWolf) May 27, 2022<\/a><\/p><\/blockquote>\n