Report: Denmark owns about 25% of BLAST and has invested more than $10 million in the company over the four years

The Danish government owns about 25% of tournament operator BLAST's shares through a state investment fund Vækstfonden, the Danish Broadcasting Corporation reports.

According to the source, Vækstfonden became one of the largest shareholders of BLAST in 2018. Since then, the fund has invested about $10.6 million in the company.

Besides the information about the cooperation between the Danish investment fund and BLAST, the journalists' material contains criticism of the tournament operator for its partnership with the UAE. In particular, representatives of the opposition party Enhedslisten and the Danish branch of Amnesty International expressed dissatisfaction with the fact that taxpayers' money is being used to improve the reputation of an Arab country with serious human rights violations.

Recently, Abu Dhabi, the capital of the UAE, hosted BLAST Premier World Final 2022. The competition, which also marked the final tier-1 event of the year, was won by G2.

BLAST is one of the biggest tournament operators in the CS:GO pro scene. The company currently has a partnership agreement with twelve top teams and annually organizes Spring and Autumn seasons, followed by a Final tournament. Next spring, BLAST will hold the first Major in its history, BLAST Paris Major 2023.