Report: Rick Fox to leave Echo Fox due to rampant racism from fellow shareholder

He'll be selling his stock to the "first deal that sits well."

Super Smash Bros.'s Icon By Kamil Malinowski · Apr 25, 2019 7:49 PM · 

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Photo via Riot Games

Rick Fox plans to leave Echo Fox entirely, due to alleged racial abuse from a shareholder in the organization, according to a report from Dexerto today.


Rick Fox has been a part of Echo Fox since 2015 when he purchased Gravity Gaming’s LCS spot and rebranded the team to Echo Fox. During this time, Fox has been very active in the esports scene, attending events and working closely with players.


This all seems to be coming to an end, however, as a series of hot-tempered emails between a member of Vision Venture Partners, the company which first invested in Echo Fox, and Jace Hall, the former CEO of Echo Fox and Head Custodian of Twin Galaxies, resulted in use of the n-word to describe Hall, a man of African-American descent.


Full quote by Fox, as per Dexerto’s report:


“All,


This is an official notification of my intention to exit the Echo Fox organization as a shareholder and participant as soon as I am able to facilitate a transaction to do so. The recent outrageous and abhorrent display of pure racism made by a significant Echo Fox shareholder as well as threats to my family have made it impossible for me to continue to remain associated with the company.


I will not support or be associated with such behavior and attitudes displayed at the shareholder level. Racism is an anathema to what my personal brand strives for and tolerating any form of discrimination such as this is not acceptable.


This notification serves as the beginning process of exiting the company. I will be contacting all relevant and interested people. My position in the GP and the entity that owns my shares are available. Depending on the proposal there are different ways to structure a deal, acquire my entity, swap positions, etc. Interested parties can contact me. I’m moving on the first deal that sits well.”


This is allegedly not the first time that this shareholder has used such language, and this incident is the straw that broke the camel’s back for Rick Fox, especially as this is something that other shareholders would reportedly rather “ignore in the hope it goes away” rather than deal with it.


ESPN reported this month that Fox was attempting to raise funding to purchase a controlling stock in Echo Fox once again. It’s possible, given this new information, that Fox was attempting to buy out the offending shareholder.


No official statement has been given by Echo Fox at the time of publication.


H/t Dexerto

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