Businessman Maksym Krippa shared information about the profits received from the NAVI esports team. According to the entrepreneur, they are really high. We are talking about millions of dollars.
Maksym Krippa told about this in an interview with Forbes Ukraine.
NAVI teams are the largest esports community in Ukraine. Its membership has grown significantly in recent years. Five years ago, the team consisted of 30 players, and now it employs 200 people.
At the same time, it should be noted that NAVI is not only a Ukrainian but also a global leader in esports. The community is among the top 5 esports teams in the world. NAVI matches are very popular among esports fans. This is evidenced by the viewing time of competitions with the team’s participation. Over the past seven years, it has reached 571 million hours.
Maksym Krippa is the main investor in NAVI. The entrepreneur decided to invest in the community in 2018. According to the businessman, there was no question of profit at the time, as the team was unprofitable and needed annual subsidies of USD 1.5 million. Nevertheless, it took the businessman a year to bring the team to the level of profitability. However, a really significant increase in profits was achieved after the full-scale invasion of Ukraine by the Russian Federation. It was then that the decision was made to abandon Russian players. Instead, NAVI started broadcasting competitions in English. According to Krippa, this step brought “fantastic results” and much more solid earnings.
Maksym Krippa adds that esports is a very profitable business at the moment. In annual terms, revenues reach millions of dollars. At the same time, the number of fans of esports competitions is increasing by 30-40% annually. Eventually, the esports audience will catch up with casual sports fans in terms of numbers. After all, a generational change is currently underway.
At the same time, Maksym Krippa is the owner of Maincast. The activities of this team are also related to the field of cyberspace. Namely, Maincast specializes in organizing broadcasts of esports competitions. Its work brings the businessman additional millions of dollars in revenue per year.
However, the entrepreneur notes that even though the gaming industry is the most capitalized, it is not the main source of his income. So far, Maksym Krippa receives most of his income from real estate transactions. First of all, he is talking about real estate in the United Arab Emirates.
