Astralis New Ownership Deal Is Done

After months of speculation the organisation has ended up in a pair of familiar hands. Questions about the future still remain.

Following a period where the future of the Danish esports organisation was uncertain, Astralis ownership has finally changed hands on September 5^th 2025. According to the publicly available Danish business registry Astralis A/S terminated ownership on the above date and the new owners are now listed as Fusion Esports Group who have absorbed 100% of the company.

So, who are Fusion Esports? After talk about potential Chinese and Middle Eastern ownership it seems fitting that the organisation is now the hands of one of its executives in the form of Jakob Lund Kristensen. Kristensen has been involved with Danish esports for at least fifteen years and founded Copenhagen Wolves as well as co-founding BLAST before joining Astralis. His impact on Danish esports has been so far profound but as the previous executive body found out, it’s not as easy as you think.

Less is known about the finances behind this company. The owners of Fusion are listed as JLK Holdings, a company that had been defunct for some time and likely just a way for Kristensen to operate across his multiple interests. In terms of capital it isn’t clear where the initial money required to purchase Astralis came from, nor is it public how much the final sale price was. This publication understands that Fusion’s bid wasn’t the highest but was seen as the most desirable for continuity.

While many of Astralis’s problems historically have stemmed from incompetence, since the organisation has stripped down to just being a Counter-Strike team the new issue has been finances. Recent roster moves have seen the use of short-term contracts and free transfers to rebuild and continue their push for VRS points. Their most recent roster move is emblematic of their recent history, replacing an expensive $1 million signing that underwhelmed with an inexpensive pick up of a member of the legendary core of their golden years.

Without wishing to add too much editorialising, Kristensen has a proven track record of being able to min/max across multiple titles. Copenhagen Wolves were known for scouting talent – this is the organisation that gave the first professional contracts Søren "Bjergsen" Bjerg, James "Firebat" Kostesich and Nicolai "dev1ce" Reedtz – and then selling them to bigger organisations to stay afloat. Ironically, considering their historic rivalry, a good analogue would be the modern day HEROIC organisation, who have continually discovered and sold talent to be profitable.

Whether Kristensen still has that uncanny knack remains to be seen but the acquisition will at least lift the air of gloom around the beleaguered organisation. The first event with the new roster and now new ownership will be FISSURE Playground 2, beginning on September 12^th.