Gray Television Takes a Stake in One of the Fastest Growing Segments of Sports and Entertainment - Seite 2

The ownership group at Envy Gaming includes esports industry pioneer Mike Rufail, Post Malone and Ken Hersh, a minority owner of the Texas Rangers. Additional partners include prominent Texas families and select national investors.

“From the first time we talked to Gray, it became evident to me that our leadership team and winning culture at Envy had found a perfect partner to help continue our great success,” said Rufail.  

Truist served as financial advisor on the investment for Envy Gaming. Jones Day served as legal counsel for Gray. O’Melveny & Myers LLP (“OMM”) served as legal counsel for Envy Gaming.

For more information on Gray, visit gray.tv.

For more information on Envy Gaming, visit envy.gg.

About Gray Television
Gray Television is a television broadcast company headquartered in Atlanta, Georgia. Gray is the largest owner of top-rated local television stations and digital assets in the United States (“U.S.”). Gray currently owns and/or operates television stations and leading digital properties in 94 television markets that collectively reach approximately 24% of U.S. television households. During 2020, Gray’s stations were ranked first in 70 markets, and ranked first and/or second in 86 markets, as calculated by Comscore’s  audience measurement service. Gray also owns video program production, marketing, and digital businesses including Raycom Sports, Tupelo Honey, and RTM Studios, the producer of PowerNation programs and content, and is the majority owner of Swirl Films.

About Envy Gaming
Envy Gaming, Inc. is an entertainment and esports company based in Dallas, Texas. Founded in 2007, Envy is one of the most winning esports organizations in the world and has grown to include a network of competitive gamers, content creators, and streamers with global reach. The company owns the Dallas Empire team in the Call of Duty League, the Dallas Fuel team in the Overwatch League, and the Team Envy franchise. Envy’s ownership group includes superstar Post Malone and esports industry pioneer Mike Rufail. For more information, visit Envy.gg.

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CONTACT: Gray Television Contact:
Press contact: Rick Burns, Vice President, Corporate Relations, 323-493-0123
Investor relations: Jim Ryan, Executive Vice President and Chief Financial Officer, 404-504-9828

Envy Gaming, Inc. Contact: 
Press contact: Greg Miller, [e-mail]
Investor relations: Jake Martinez, [e-mail]