Echo Fox Loses ‘League of Legends LCS Spot, Riot Games Looking For Buyers

Google+ Pinterest LinkedIn Tumblr +

On Wednesday, Riot Games announced that Echo Fox will no longer be a part of the League Championship Series. EF will have their spot sold off by Riot Games with most of the proceeds going to the esports organization. On August 16, Riot Games will be opening a 30-day application process for teams that would like to take over the now vacant 10th-slot of the LCS.

Echo Fox lcs league of legends
Echo Fox will no longer be a part of the League of Legends LCS
Echo Fox

“We will focus on evaluating each applicant’s ownership profile, brand strategy, business plan, and team operational plan,” LCS Commissioner Chris Greeley said in the blog post. “Our goal remains to have an orderly transition as we add a new LCS team ahead of the 2020 season.”

Echo Fox was founded in December 2015 by Rick Fox, the former NBA player and actor, after seeing his son show interest in League of Legends. With his partners Stratton Sclavos and Amit Raizada under Vision Venture Partners, they invested and helped grow the organization. At its peak, Echo Fox had League of Legends, Counter Strike: Global Offensive and Call of Duty teams, as well as players in multiple fighting games.

The organization has had many problems over the past few years, including mismanagement and poor investments. The H1Z1 Pro League, headed by Twin Galaxies commissioner Jace Hall, attempted to take the outdated battle royale and turn it into a massive league. The Pro League shut down after six months, with teams not getting paid the full amount they were promised and Vision Venture claiming a loss of around $30 million.

In April, Dexerto published a letter sent by Rick Fox to members of the Echo Fox organization saying he will step down after Raizada sent racist text messages to Hall. Riot Games conducted an internal investigation and gave the organization 63 days to find a buyer. In early August, a deal was made with the Kroenke Sports and Entertainment group, owner of the Denver Nuggets and L.A. Gladiators, for $30.25 million. Just a few days later, it was announced that the deal fell through after Sentinels CEO Robert Moore filed a lawsuit against Kroenke for breaking terms of the deal. Moore, whose company runs the Overwatch team the L.A. Gladiators claims he was never informed about the Echo Fox deal.

When asked what will happen to the players and employees currently working for Echo Fox A representative from the organization had no comment. This article will be updated when EF shares their statement.

A representative from Riot Games did not comment on whether they will aid those inside of Echo Fox after the sale is complete.

Fox and Raizada did not respond by publication time.



Source link

Share.

About Author

Leave A Reply