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Value investor Joel Greenblatt says this company could solve a key hurdle in esports' growth

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Famed investor Joel Greenblatt said he expects Vindex is in a position to meet the demand of the growing esports industry.

Gotham Asset Management founder Joel Greenblatt is investing in Vindex, as it looks to build an esports infrastructure platform.

"[The leagues and publishers need to] keep up with the high demand of an enormous and growing fanbase, so to keep up with the execution of esports programs, content and events is incredibly difficult," Greenblatt told CNBC. "It's very hard to do so internally and very hard to do without a set of vendors and partners from outside."

While Greenblatt does believe that the industry will continue to grow "like crazy," he also believes that the infrastructure needs to be in place to support the audience boom that will come with it. G2 Esports fans during Quarter Finals League of Legends World Championship match between G2 Esports and Damwon Gaming on October 27, 2019 in Madrid, Spain.Their dedication to growing the infrastructure of esports is essentially what made Greenblatt invest in Vindex as it provides the longer-term solutions needed for the industry, he said.

 

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