LCS commissioner Chris "IAmGrza" Greeley shared a status report on the fate of Echo Fox's LCS slot ahead of 2020. The team was forced to sell their spot after failing to meet a league-issued deadline to remove investor Amit Raizada and his constituents from its ranks.
On July 23, ESPN reported that Kroenke Sports & Entertainment agreed on a $30.25 million deal to purchase the spot that was pending Riot approval. After Sentinels CEO Rob Moore took legal action against KSE for pursuing the sale without his knowledge, it was reported that the deal fell through on August 9.
As of August 13, Echo Fox has come to an agreement with the LCS to officially cease all operations within the league. Riot will put their spot out bid, and an unspecified amount of money from the sale will go to Echo Fox.
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A 30-day application and selection process will begin on August 16 to determine Echo Fox's replacement. According to Greeley, the application system in place will be similar to the one used in 2017 to determine which organizations would be accepted into the newly franchised LCS in 2018.
"Our goal remains to have an orderly transition as we add a new LCS team ahead of the 2020 season," said Greeley.
Riot will take into account ownership profiles, brand strategies, business plans, and team operation plans of each applicant.