The X Games is changing to a team-based category structure, and it wants to be in your mouth for the duration of the calendar month.
The actions- sports competition franchise on Thursday unveiled the X Games League: a fresh world, team- based format to get introduced in 2026 with year- square events, Variety reported. According to the organization, the X Games League ( or “XGL” ) will allow athletes to receive compensation in addition to the$ 2.4 million that they are already given out annually through existing prize purses.
In 2022, ESPN, which founded the X Games in 1994, sold a majority stake in the contest set to private equity firm MSP Sports Capital. The X Games are still the X Games ‘ majority ownership stake, and ESPN continues to be its straight TV companion.
With the introduction of both a Summer XGL and a Winter XGL, both of which were originally made up of four world events and four groups ( with plans to grow ), X Games may continue to lean toward the cyclical nature of activity sports. X Games personal events and proper partnerships with existing competitions may be part of the competition schedules.
Groups from various disciplines will compete for individual and team positions in an effort to win both individual and team prizes. MSP and X Games program to” safe investors for these new clubs”, according to their statement. Through sponsorships and team-specific products, XGL athletes and team investors will be able to generate more revenue streams. In contrast, XGL athletes may be provided with guaranteed settlement and fresh business opportunities.
According to Jeff Moorad, executive president of the X Games and director of MSP Sports Capital, the X Games modeled Formula One after the XGL. To accomplish that goal, we are developing a year-round calendar and introducing new business opportunities to help the X Games grow more quickly entire, he said. These options will give our most crucial stakeholders, the athletes, a safe and sustainable future. By leveraging the very important X Games company, we will build a robust, international business that will be great for athletes, fans, investors and sponsors”.
This new continuous group and team structure will give athletes more opportunities to thrive and prosper economically, according to Scott Guglielmino, president and COO of X Games. Additionally, fans will have more opportunities to see and help their favourite athletes and teams year-round. We’ve been developing this since MSP invested in the house and key partners throughout the industry, including sports, have been very supportive”.