Riot Games is selling Echo Fox's LCS slot to a new buyer
After over two months of the drama related to Echo Fox’s ownership and investors, Riot Games has decided to terminate the organization’s participation in the League of Legends Championship Series.
The Echo Fox drama is finally coming to an end in the LCS, as Riot
has announced
its North American franchised league and Echo Fox have agreed to vacate Echo Fox’s current LCS spot. This follows Riot having given Echo Fox a 60-day deadline to either take corrective measures within the organization or sell the spot in LCS. The deadline was set in May.
Riot Games has since
shared
that they have conducted a thorough investigation and came to the conclusion that Echo Fox’s ownership wasn’t been behaving to the standards of the LCS.
Echo Fox was looking to sell to Kroenke Sports & Entertainment, an American sports and entertainment investment company that owns an Overwatch pro team, the Los Angeles Gladiators. The sale was proposed to the LCS on July 23, but it didn’t come through due to circumstances related to Kroenke and an ongoing lawsuit against the organization.
Riot is now looking to repeat a process of selling an LCS slot similar to what the community had seen when LCS franchising was introduced in 2017. This means the developer is looking to sell Echo Fox’s vacated spot to an ownership group that will be evaluated as a promising long-term partner with financial stability and a commitment towards the league as a whole.
In 2017, Riot was selling LCS spots for $10 million each, but it hasn’t shared if the price will remain the same this time around. Starting August 16, a 30-day application process has opened for potential team owners who believe they have what it takes to be a long-term partner that meets the LCS’ standards. A share of the sale’s proceeds will go to Echo Fox’s current ownership.
LCS commissioner and head of communication Chris “Grza” Greeley shared in an
official statement
that Riot is expecting to partner up with a new team before the 2020 LCS season, which will begin in late January.
“We will focus on evaluating each applicant’s ownership profile, brand strategy, business plan, and team operational plan,” Grza said. “Our goal remains to have an orderly transition as we add a new LCS team ahead of the 2020 season.”
Read Also
Esports Betting
The Best LCS Summer Split Week 7 Odds: Upsets On The Horizon?
Ben Boland
The LoL betting world is in for a treat this weekend as the LCS Summer Split regular season enters its final week. Everything is to play for, from the battle for first place to who starts life in the upper bracket. Esports betting sites are unsurprisingly covering the games extensively, and here my tips to bet on for each LCS match this weekend. This is a series that could go ...
League of Legends
LEC Playoffs Round 1 Betting Tips: G2 vs Vitality & Karmine Corp vs GIANTX
Ben Boland
The 2026 LEC Summer Playoffs are finally here in the world of LoL betting. After weeks of regular-season action, the battle to get to Worlds 2026 is heating up. Team Vitality, G2 Esports, GiantX, and Karmine Corp start their playoff run in the upper bracket. Both sets of matches have a lot of betting potential, with some decent value to be found. Here are some of the best bets to ...
League of Legends
Caps Hall of Legends skins prices and dates revealed
Hannan Mundia
Caps is the latest League of Legends player to be inducted into the Hall of Legends, and the LEC player’s dedicated skins have been revealed, including their prices and release dates. The Hall of Legends is Riot Games’ way to honor a handful of the most well-known and celebrated professional players associated with LoL. The first inductee was naturally Faker, while the second was Uzi. The third player is Caps, ...
League of Legends
Five Support Champions To Pick Up in LoL Patch 26.17
Ben Boland
The support meta in League of Legends is one of the most highly discussed roles in the game right now. With Riot doubling down on the roaming support playstyle, we will likely see more champions added to the pool around the time of Worlds 2026, which begins on 15 October. At the time of writing this article, the current patch, 26.17, is being tested on the PBE, with the launch ...
League of Legends
These Are Five Top Lane Champions To Pick Up in League of Legends Patch 26.17
Ben Boland
League of Legends patch 26.17 is just around the corner, and with that patch comes more changes to the role. The days of ADCs in the lane are starting to be a thing of the past, with more bruisers hitting the gym before the launch of 26.17. Many top laners are receiving buffs on the new patch, while powerhouses such as Nasus and Vayne are on the chopping block, making ...
League of Legends
Here Is What To Expect From the League of Legends Patch 26.17
Ben Boland
It’s less than a week until the release of League of Legends Patch 26.17, and with this patch comes some significant nerfs to popular champions, item adjustments, and targeting roaming supports as mage bottom lanes dominate the meta. While there is plenty to unpack in this week's patch from Riot Games, two champions, Vayne and Xerath, have received the biggest nerfs across the board. Here are some of the biggest ...
League of Legends
Trade on LGD vs Bilibili Gaming at Polymarket — Use Promo Code WINGGPREMAR
Ben Boland
Bilibili Gaming comes into their best-of-three series against LGD Gaming as the overwhelming favorites, with Polymarket traders giving the MSI finalists an 83% implied probability of winning at the time of writing this article. The prediction market doesn’t give LGD much of a chance at all, and with traders backing BLG heavily, it paints a picture of who is most likely to win this series in the LPL Split 3, ...
