Evil Geniuses acquires Echo Fox’s LCS spot
The Seattle-based team gets the spot for less than what it would have originally paid
When word got out that Echo Fox’s spot in the League of Legends North American Championship Series (LCS) would be made available, Seattle-based Evil Geniuses jumped at the chance to purchase it. The spot ultimately went to another eSports squad, owned by Kroenke Sports & Entertainment, but that deal fell through last month. With the LCS spot back on the table, Evil Geniuses swooped in to pick it up, and managed to secure it for less money than it initially was prepared to offer.
Evil had been prepared to pay $30.25 for a spot in the Riot Games-backed LCS. However, after the dust settled from Kroenke’s falling out, the squad was able to pick it up for less money. The exact price wasn’t mentioned, but it goes to show what happens when people get too greedy.
Riot Games will receive a commission for brokering the deal, but it is still a huge victory for the eSports company, as well. The commissioner of the LCS, Chris Greely, said in a statement, “We look forward to seeing how Evil Geniuses will shake up the LCS and the rivalries they will drive.”
Echo Fox was co-founded by Rick Fox, who has become a controversial figure in the eSports world. He is being sued by investors for breaching a promissory note that requires him to pack back investors around $5.1 million and the money earned from the sale to Evil will, by a judge’s order, be used to pay off that debt and any associated costs before Fox can touch it.
Of the new LCS deal, Evil’s CEO, Nicole LaPointe, states, “We’ve had nothing but a good experience working with Riot, and we’ll be expanding our operations to Los Angeles to accommodate the needs of the new roster,” adding that the group is “looking forward to the new members of the Evil Geniuses cabal that will make all this possible.”