{"id":163944,"date":"2025-01-21T11:48:17","date_gmt":"2025-01-21T11:48:17","guid":{"rendered":"https:\/\/esportsinsider.com\/?p=163944"},"modified":"2025-01-21T12:28:01","modified_gmt":"2025-01-21T12:28:01","slug":"nip-group-40m-backing-abu-dhabi-investment-office","status":"publish","type":"post","link":"https:\/\/esportsinsider.com\/2025\/01\/nip-group-40m-backing-abu-dhabi-investment-office","title":{"rendered":"NIP Group secures $40m backing from Abu Dhabi Investment Office"},"content":{"rendered":"\n
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Image credit: Ninjas in Pyjamas <\/figcaption><\/figure>\n\n\n
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Esports holding company\u00a0NIP Group\u00a0<\/strong>(NIP<\/strong>) has\u00a0<\/strong>announced a multi-year partnership with ADIO Holdings Restricted Limited (ADIO)<\/strong>, a company established by sovereign wealth fund Abu Dhabi Investment Office<\/strong>.<\/p>\n\n <\/div>\n\n\n

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The deal will see ADIO support NIP with a backing of up to $40m (~\u00a332.6m) over four years upon meeting ‘conditions precedent and specified performance milestones’, including qualitative and quantitative KPI and revenue targets.<\/p>\n\n <\/div>\n\n\n

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