CPL a step closer to rebirth

CPL is definitely one of those names that has been through ups and downs ever since it ceased its active operations, back in 2007. Today a new episode in the saga revives the long-lived brand. 

Rumours upon rumours, Abu Dhabi investment companies buying out the brand, Tonya Welch launching allegations towards Scott Valencia and many other twists. The story behind the organization definitely held all necessary ingredients for a soap opera. Yet it doesn't stop here.

Out of nowhere, a press release from NewWorld's side today takes the scene by surprise, as both the CPL and CAL brands are now officially passed onto the ownership of WoLong Ventures. NewWorld, the previous administrator of both brands represents the company who lead both organisations during their glory days, having iconic E-sports figures at their helm, such as Angel Munoz.

According to the press release the company is now passed, under a non-disclosure agreement, to Singapore based, WoLong Ventures, an investment and management oriented entity. But the new owning company is no stranger to e-sports, as its CEO is Ryan Schumacher, previously involved in projects like AmpedNews.com and Games Media Properties, once parent company of WSVG.

He noted the following on the acquisition:

"This acquisition is an important component of a larger strategic plan to create powerful experiences across diverse online platforms with an emphasis on entertainment and interactivity. While often imitated, the international success of the CPL brand has yet to be fully replicated." 

Although the press release does little to clear up the grey cloud hanging on top of both the CPL and CAL, no further details have been shed as of now. Contacted by HLTV.org, Ryan Schumacher stated that he will happily comment on the situation later during this week. As of now, stick closely with us as we will follow the string of happenings surrounding CPL's rebirth.