Ludwig is now co-owner of Moist Esports, ready to burn money

Popular streamer Ludwig Ahgren has become co-owner of Moist Esports.

Moist Esports is now owned by Ludwig and Charles “MoistCr1TiKal” White, another popular YouTuber that often dabbles in the competitive Super Smash Bros. scene. Content creator Matt “SuperSpicyMatt” Phillips is the other owner of the relatively new esports organization.

Moist Esports was founded in 2021 by Moist himself and has signed players and teams in Rocket League, Apex Legends, and Super Smash Bros. Despite the organization’s popularity on social media, the esports company loses six figures a month. Luckily, Ludwig has a lot of money to burn, as pointed out in the announcement video on Twitter.

Ludwig and Moist to burn money together in esports

MoistCr1TiKal and Ludwig have collaborated on content before and both are part of the Smash scene. Moist Esports’ first players were Smash competitors, including Kolawole “Kola” Aydeyan and then Paris “Light” Garcia. Ludwig recently held the Ludwig Invitational for Super Smash Bros. Ultimate, one of the biggest Smash tournaments in recent years.

Despite the lack of money to be made with Moist Esports at the time being, Moist and Ludwig have proven that they’re in it due to their passion for esports. In the announcement video, Moist pointed out a lot of major wins that Moist Esports has under its belt, including winning CEO and Rocket League Championship Series.

“How do you keep doing that?” Ludwig asked.

“Oh winning? Hard work, perseverance, life, liberty, pursuit of dubs, the whole nine… Just champions over here,” Moist responded.

Ludwig then brought up how Moist has no crypto sponsors, something very common in the esports scene. But he jokingly wondered how Moist kept winning without burning a ton of money. Moist responded by saying that Ludwig has money to burn from his YouTube deal.

“This is fun,” Ludwig said while physically burning money. “I can get used to this.”

In response to the news, the Smash community applauded Ludwig joining Moist Esports. Jake “Jmook” DiRado calls it “massive.” Many esports fans called it a “huge W” for the scene.

How much does MoistCr1TiKal lose with Moist Esports?

Moist Esports has been one of the most popular names in esports over the past year. This is not only due to the incredible players and victories, but due to the massive respect for MoistCr1TiKal. The streamer and YouTuber has put his players’ well-being above his own.

During a stream in September of 2022, Moist admitted that he loses six figures a month. He wouldn’t give a specific amount but that was enough to leave viewers stunned.

He explained: “It’s fine, because right now my entire Twitch paycheck goes into Moist Esports in order to keep it growing and keep all the players on a good salary.”

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