Kroenke Sports & Entertainment Pulls Out of Echo Fox LCS Deal

TJ Denzer,

August 9, 2019 8:08 PM

It would appear that Echo Fox's LCS slot is still in its hands for the time being. Kroenke Sports & Entertainment has officially pulled out of a deal to buy the slot.

Major news has come out about the fate of the Echo Fox North American League of Legends Championship Series slot. Where it seemed only recently that Echo Fox was going to be selling the slot to the Kroenke Sports & Entertainment group, it would appear that deal has fallen through and the LCS slot will stay with the Echo Fox brand for the time being.

The news was announced a statement from Echo Fox official sources, who released the following statement late on August 9, 2019:

“Due to circumstances unrelated to Echo Fox, Kroenke Sports and Entertainment was unable to meet Riot Games’ requirements for acquiring Echo Fox’s LCS slot. With that said, Echo Fox retains the slot.”

According to Echo Fox sources, the decision has been confirmed by the LCS and Echo Fox will remain within the competitive circuit for the foreseeable future.

The Kroenke Sports & Entertainment group includes a number of notable ventures, including the formation of the Los Angeles Gladiators in Overwatch League. An LCS slot would have been a strong addition to their portfolio, but it appears it was not meant to be. [Image via Robert Paul/Blizzard Entertainment]
The Kroenke Sports & Entertainment group includes a number of notable ventures, including the formation of the Los Angeles Gladiators in Overwatch League. An LCS slot would have been a strong addition to their portfolio, but it appears it was not meant to be. [Image via Robert Paul/Blizzard Entertainment]

The last time we had heard news of the fate of Echo Fox’s League of Legends fate was on The GG Podcast where the impending purchase by the Kroenke Sports and Entertainment Group was discussed. It is unconfirmed what exactly caused the Kroenke organization to be unable to meet requirements, but according to Jacob Wolf, sources told ESPN that the withdrawal from the Echo Fox deal comes after the Sentinels esports organization's CEO Rob Moore sued the group on August 1 for violating a joint venture agreement.

With the Kroenke deal having fallen through, it would appear Echo Fox gets to keep its spot in the LCS for the time being. However, it is worth noting that other prospective buyers interested in the slot included the likes of Allen Shapiro of aXiomatic (owner of Team Liquid), Complexity Gaming, and Evil Geniuses. It remains to be seen if these groups will step up to pursue the slot further at this time.



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