ESPN recently announced that top German poker pro Fedor Holz recently acquired a minority stake in Envy Gaming Inc., which is an eSports company.
Holz is supposed to have purchased his minority stake during the second quarter of 2017.
Envy Gaming is also the parent company of Dallas Fuel and Team Envy.
Holz is ranked on the Hendon Mob as the number one poker player in Germany when it comes to the country’s all-time money list.
The young poker pro who is also an entrepreneur has won close to $27 million in his short but impressive poker career. Holz has said in the past that he plans to spend less time on the poker circuit and more time developing his business interests.
The German is now focusing his attention on the growing eSports market and the popularity of video games.
When Holz achieved his biggest tournament win at the World Series of Poker $111,111 High Roller for One Drop event that got fetched almost $5 million, the signs of his entrepreneurial intentions with eSports were already there for those who looked into it hard enough. In retrospect, during the event, he previewed his minority stake acquisition of Envy Gaming by wearing the Team EnVyUs jersey at his final table.
The Envy Gaming and Holz link started through Holz's friendship with former Envy representative for Counter-Strike: Global Offensive, Nathan Schmitt (also known as "NBK"). It was Schmitt who introduced Holz to the CEO of Envy Gaming, Mike Rufail (also known as "Hastr0"). Holz says he is passionate about eSports and was impressed by Envy’s team and infrastructure as well as how they take care of their player representatives. Holz wanted to be a part of the company and was glad to be able to invest and purchase a minority stake. He also plans to work with the players and coach them on how to develop a strong and successful mindset.
In a statement, Holz said
Talking to these players and seeing them myself, a lot of them still struggle with their mindset because they're really young and the pressure starts really early. I feel that the mindset or the way you approach the game has very low importance so far compared to more seen sports. I think we can bring some of that into the game, and I'd love to tackle more of that in the next year.