Ludwig becomes co-owner of Moist Esports

YouTube streamer and content creator Ludwig Ahgren, simply referred to by his first name, has been a household name in the esports world for some time. His company, Mogul Moves, often sponsors and hosts Super Smash Bros. tournaments, and Lugwig has served as a commentator at many previous events. Now Ludwig will come under Esports ownership as it was announced that he is a new co-owner of Moist Esports.

Ludwig announced that he will become a co-owner of Moist Esports a video shared on social media earlier today. Moist Esports was founded in 2021 by Twitch streamer and content creator Charles White, better known as MoistCr1TiKaL. White appears in Ludwig’s announcement video to praise his team’s success in its two short years of existence. Moist Esports has competed in Rocket League, Guilty Gear Strive, Apex Legends, and Super Smash Bros. Ultimate.

As an influencer-owned organization, Moist Esports differs significantly from many of its competitors. That topic is covered in the announcement video as Ludwig talks about how most esports organizations are “subsidized by venture capital groups that will probably be fed up in three to five years if none of them are profitable.” The video ends with Ludwig and MoistCr1TiKaL standing around the fire burning cash as a metaphor for how much of their own money is being poured into Moist Esports’ success.

Ludwig garnered a lot of attention when he broke Twitch’s subscription record during his 31-day subathon in 2021. Since then, he has provided numerous resources for esports events like last year’s Ludwig Smash Invitational.

It will be interesting to see what comes of this move, but having a force like Ludwig in his corner probably bodes well for the future of Moist Esports. For more of the most fascinating eSports stories, stay tuned to Shacknews.