Update (May 19th): The revised dates for the Gfinity Elite Draft and Elite Series have been confirmed.
The Challenger Series ends on June 4th, the Draft begins on June 16th and the Elite Series gets underway on July 7th.
Tom Halls, Gfinity's strategic development and franchises executive, shared the dates on Twitter:
— Tom Halls (@tghalls) May 19, 2017
Update (May 12th): Gfinity has raised £6.25 million by creating 31.2 million new shares in its business at 20p each.
Gfinity said net proceeds would be deployed for additional working capital and to 'launch the Gfinity Elite Series in the UK in summer 2017, and further establish its position as a leader in the esports industry'.
Gfinity will also develop new software to 'automate esports competition management', invest in broadcast technology and staff in the lead up to the launch of the Elite Series.
Chief executive Neville Upton said: "These new funds will allow Gfinity to further invest in the Elite Series, a new 'bedroom to podium' esports structure in UK, as well as investing further in our market leading technology platform and personnel."
The Gfinity Elite Series, the new Pro-Am tournament that aims to promote up and coming esports talent by giving them a place on a top team, has been delayed.
We've heard that it's been pushed back to July. It was originally planned to kick off on May 26th for ten weeks, with the Elite Draft supposedly starting this week.
Gfinity published this post yesterday evening, announcing it has extended season one of its Challenger Series.
A spokesperson told Esports News UK this is to give all players the best chance of qualifying for the Season 1 Elite Draft. The exact start and end dates for the draft and the Elite Series will be shared by Gfinity shortly.
The Challenger Series allows thousands of players to take part in Street Fighter V, CSGO and Rocket League matches to build up G-Points.
Those with the most points will allow them to get picked up by Elite Series teams during the draft phase.
"We have a number of exciting announcements brewing and as soon as “the suits” get through the paperwork, we will share all the details with you."
"We have a number of exciting announcements brewing and as soon as “the suits” get through the paperwork, we will share all the details with you," Gfinity said in a statement.
"In the meantime, to give all players the best chance of qualifying for the Season 1 Elite Draft, we are extending the Challenger Series.
"We'll also be sharing start and end dates for the Gfinity Elite Draft and Elite Series shortly."