The 76ers and venture firm NextEquity have purchased a majority stake in leading esports franchises Team Dignitas and Team Apex, making the Sixers the first U.S. sports organization to control a professional gaming outfit.
The two esports franchises will be combined under the Team Dignitas name and will be run separately from the basketball team. Sixers executives believe the esports investment will give them an entry for sponsors into a younger, male-dominated demographic that defines the white-hot...