GotFrag eSports

(GotFrag) August 25, 2008 - After announcing in March that the CPL was closing its doors, the league has announced that it has been acquired by an investment group and will be announcing more information before the end of September 2008. Below is an excerpt from the announcement on the CPL website.

Middle Eastern Investment Group Acquires CPL

Monday 25 August 2008 � Abu Dhabi, United Arab Emirate and Dallas, Texas, USA � NewWorld.com, Inc., a leader in the interactive entertainment industry in the USA has announced that its intellectual property, Cyberathlete Professional League� (CPL) has been acquired by an investment group based in the United Arab Emirates.

Ms. Angela Summers, a spokesperson for the acquiring investment group, said, �We are planning to launch a new company which will be named �CPL, LLC� and will be headquartered in the United Arab Emirates. The new company will organize videogame tournaments worldwide.�

The remainder of that announcement can be found HERE

User Comments

fosho.

fnatic.MSI Lindberg : glow is HOT

thats awesome

LoL
~

#4 - just cause you live in uae doesnt mean youre a terrorist...

wo_osa

stay alive

Beijing 2008 Olympic Games August 8-24, 2008

All I know is there is no FVCKING way I'm ever flying to the UAE to compete in a video game... although Im confident in my Bomb Defusing skills, I just don't know that the UAE possesses the same fully trained counter-terrorist operatives that Sweden does in SK

Hey Alternating Current, why don't you just admit you're bisexual

At least they won't have any money problem :)

wtf is wrong with everyone here? ive been to uae and it would be a GREAT place to hold a CPL. mind you, UAE is the country where places like dubai are. it's a beautiful country and the people there are a lot more nicer and tolerant than most ignorant americans living here.

I hope the investers plan to lose quite a bit of money. :o

hell yea .. Dubai here we come

I think keeping the CPL name is a double-edged sword. The problem is, there are almost as many gamers who had bad experiences with the CPL as good. The same could likely be said for sponsors. Quite a few sponsors bailed out on the CPL as time went on.

Keeping the CPL name will evoke those bad memories, and might turn people away. In this case, whatever firm that bought the name obviously weighed the pros and cons, and it would seem the pros have more weight.

Unfortunately, it would seem that Angel has found one last way to squeeze money from the grave.

LOL..

#12

They have oil, they can afford to lose money :D.

Would be nice if they actually kept CPL going and paid all the money they owe to players though.

i hope they're more trustworthy than angel and pay out their winners now.

94knicks~

Dubai? Woah, not sure if anyone knows this but, lets say 500,000 dollars, to those people is like toilet paper. Very interested in seeing further developments in this scenario.

Also, the CPL was a good event. They just never payed their winners.

This is like buying a fast food chain after everyone in a town died of food poisoning. Why bother when the name has lost its pull?

Its a piece of cake to bake a pretty cake.

#20 because angel is the king of BS. probably pulled a few fake numbers out of his pocket and old articles about how great the CPL used to be. plus these people probably see it as a small investment compared to what they're used to investing in.

#21 agreed.

but, do you think they are just gonna hold there competitions in UAE?? or are they actually gonna come back to U.S to hold some competitions??

they said international events so hopefully not just in the UAE cause i know alot of teams would not want to travel all that way just to compete

Get water flavored water! Just add water!

More than likely these people have no idea what they're investing in.

#22 it said worldwide tournaments but who knows

I hope they start this back up, if they pay all the teams this will be the best.

all you retards saying the tournaments will be in uae are, well retarded

also read what it says
Abu Dhabi, United Arab Emirate and Dallas, Texas, USA � NewWorld.com Inc

http://newworld.com/

QUOTE:

NewWorld.com is a pioneer in the interactive entertainment industry and has three active divisions:
The Cyberathlete Professional League�
The Cyberathlete� Amateur League
The Adrenaline VaultTM
Launched in 1996, NewWorld.com Inc. is a privately held Texas Corporation owned by its founder, employees and strategic partners.

so both companies acquired parts of the CPL I guess, and one is based in Texas, so all the big tournies will probably still be in Texas.

Where did the posts go?

NO TEAMS GOT MONEY FROM 2005-2007, !JH@#U#*()@!#)

Let's just hope Angel isn't apart of these new companies.

GotFrag.com America's Army | #gotfrag @ irc.gamesurge.net

If there is good money for top 10 team's ( at Tournament) I will come back . The tourneys that only 1st 2nd and 3rd get money and 2nd and 3rd was basically money back for flying there = garbage. But then again this is a game so... I don't expect anything.

#20 wins

Shag: When he teases me, it hurts.

awesome. bring back cpl man!

This comment was edited at 08/26/2008 1:17 AM

good news!

Good judgement comes from experience. Experience comes from bad judgement. Mark Twain

#27, NewWorld Inc. is the previous owner of the CPL. In other words.. Angel. They have sold the CPL solely to the investment firm from the UAE.

Marc Turner | Editor in Chief | www.GotFrag.com | #gotfrag

#27

I'm not so sure about that. This is a joint-announcement from two "merging" entities. Granted, one is being acquired by the other, but the logic still applies. It just sounds like they listed those locations because those are the locations of both said entities.

hiya

Nobody is going to camel fcking Dubai to play counterstrike.

Also... I like how gotfrag staff is ripping on CPL... :P those MLG paychecks sure smell nice don't they?

#27: You are correct in stating that there is no reason to expect that the tournaments will be held in the UAE just because the company will be located there, just like the CPL has always had tournaments located around the world. I am sure that the group realises that there is a greater demand for video game tournaments in the Americas and Europe than there is in the UAE.

However, you are wrong about NewWorld.com Inc. acquiring part of the CPL, along with the investment group. NewWorld.com Inc. was set up by Angel Munoz back in 1997, the same year that he founded the CPL, and has always been the owner of the CPL. As the article states, "NewWorld.com Inc....has announced that its intellectual property, Cyberathlete Professional League� (CPL) has been acquired by an investment group based in the United Arab Emirates." This means that the investment group acquired the CPL from the previous owner, NewWorld.com Inc. and not that both companies acquired parts of it.

QUOTE:
Also... I like how gotfrag staff is ripping on CPL... :P those MLG paychecks sure smell nice don't they?

How has anyone ripped on CPL?

The point is that Angel continues to sell thin air and snake oil, a sign that the very arrogant and greedy will continually find the very foolish.

Go Sox!

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