Blizzard Entertainment is on the cusp of sealing its next deal for ownership in the Overwatch League.
The Overwatch developer is finalizing an agreement to sell a slot to one of the game's longest-standing participants, Team EnVyUs, for the Austin-Dallas, Texas, region, sources close to both parties told ESPN.
With the deal, Team EnVyUs will relocate to Dallas from its current home of Charlotte, North Carolina, sources said. The team is currently working to finalize investment from a family office in the Texas city, sources familiar with the impending deal told ESPN.
The slot will be sold at a previously reported $20 million buy-in price, paid over time, sources said. That price was collectively agreed on by the seven previous owners of the league and Blizzard itself.
Prior to obtaining the slot, Team EnVyUs has been one of the most successful teams in the Overwatch esports scene. The team has won championships at Overwatch APEX Season 1 and Major League Gaming Las Vegas 2016.
Blizzard is expected to add a few more teams in the coming weeks, according to sources. It closed six deals in July. One of those deals was also a joint-city deal, Miami-Orlando, where the organization will occupy two cities with one team, similar to the EnVyUs setup.
Team EnVyUs has operated out of Charlotte since May 2016 after reportedly receiving investment from Charlotte-based firm SierraMaya360, and the partners planned to open an entertainment center at their headquarters.
However, former SierraMaya360 partner and Team EnVyUs chief business officer John Brock told the Charlotte Business Journal that SierraMaya360 and its founder, Amish Shah, have never invested in the team, disputing reports to the contrary.