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X Games League will hold team-based events throughout the year

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X Games League will hold team-based events throughout the year

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The action sports competition franchise on Thursday unveiled the X Games League: a new global, team-based format launching in 2026 with events throughout the year. The X Games League (or “XGL”) will allow athletes to earn compensation beyond the $2.4 million already awarded annually through existing prize pools, the company said.

ESPN, which founded the X Games in 1994, sold a majority stake in the competition series to private equity firm MSP Sports Capital in 2022. ESPN will retain a minority stake in the X Games and remain its linear TV partner.

With the new format, X Games will continue to lean into the seasonal nature of action sports, introducing both a Summer XGL and a Winter XGL, each initially consisting of four global events and four teams (with plans to expand). The competition schedules include signature X Games events and strategic partnerships with existing competitions.

The X Games League teams will consist of athletes from multiple disciplines competing for individual and team points to earn both individual and team prizes. MSP and X Games plan to “secure investors for these new teams,” according to their announcement. Team investors and XGL athletes will be able to generate additional revenue streams through sponsorships and team-specific merchandise. In addition, XGL athletes receive guaranteed compensation and new commercial opportunities.

The X Games followed Formula 1 as a model for the XGL, said Jeff Moorad, executive chairman of X Games and director of MSP Sports Capital. “To this end, we are creating a year-round calendar and introducing new commercial opportunities to accelerate X Games’ overall growth,” he said. “These opportunities will provide a secure and sustainable future for our most important stakeholders: the athletes. By leveraging the incredibly valuable X Games brand, we will create a sustainable, global business that will benefit athletes, fans, investors and sponsors.”

Scott Guglielmino, president and COO of see and support. round. We have been developing this since MSP invested in the property and key stakeholders across the sector, including athletes, have been very supportive.”

Pictured above: American David Wise competes in the men’s ski superpipe at the X Games Aspen 2024 on January 28, 2024.