Motorsport Games

Motorsport Games

Motorsport Games was founded in 2018 by Russian-born entrepreneur Dmitry Kozko as the racing-focused vertical of Motorsport Network. The company incorporated in Florida and rapidly assembled an official esports and game development operation, carving out a niche rarely claimed by a standalone public entity. Its licensing portfolio — including NASCAR, the British Touring Car Championship, and the 24 Hours of Le Mans — functions as both a creative moat and a source of recurring tension when publisher milestones slip. The company deploys capital into game development and live esports operations, splitting attention between first-party titles like rFactor 2 and licensed NASCAR-branded console games. It also operates the Le Mans Virtual Series, a joint venture with the Automobile Club de l'Ouest that turns the historic endurance race into a structured esports property. Geographic footprint spans North America and Europe, with a smaller operational presence tied to UK-based development assets and event partners. Stage coverage is narrow — the firm does not function as a fund, does not take minority positions in external studios, and concentrates resources on a small number of internally produced racing sims. As of its last filed annual report, Motorsport Games operated with fewer than 50 full-time employees and carried a market capitalization that reflected deep skepticism about its standalone viability. The company has never publicly disclosed a managed AUM or deployment figure; it is an operating business, not an investment vehicle. In March 2025, Motorsport Games filed a Form 15 with the SEC to deregister its common stock, effectively exiting public reporting obligations after years of declining share price and Nasdaq compliance struggles. Motorsport Games differs structurally from the venture-backed gaming studios and diversified publishers that dominate racing titles. It is a tiny, publicly birthed, single-vertical entity that bet on exclusive motorsport licenses as its primary economic engine. That architecture concentrated opportunity — official NASCAR rights — and risk in equal measure, as periodic license disputes and delayed game releases would immediately threaten the entire revenue base rather than a single franchise within a broad portfolio.