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Credit: Riot Games/Echo Fox
Mentioned in this article
- Riot Games’ League of Legends Championship Series (LCS) has given Echo Fox an additional seven days to complete the process of removing a shareholder.
- Team founder and co-owner Rick Fox alleged that the shareholder, identified in reports as Amit Raizada, used racist language against him.
- The LCS originally said that it would “take formal action that may adversely impact the future of Echo Fox in the LCS” if the shareholder was not removed within 60 days.
Riot Games’ League of Legends Championship Series
(LCS) has given team Echo Fox
a seven-day extension to remove an investor found to be in violation of league rules, after the initial 60-day period for corrective action expired yesterday.
“On May 15, the LCS directed Echo Fox to take appropriate corrective action within 60 days to remove those individuals whose actions have violated League rules and agreements. Based on our ongoing discussions with Echo Fox, we are extending our deadline for compliance by seven days,” reads a tweet from the official LOL Esports Twitter account.
In April, Dexerto reported that Echo Fox founder and co-owner Rick Fox planned to sell his shares and depart the organization, due to alleged racist remarks directed towards him from a fellow shareholder. Echo Fox confirmed the report and said that it was working to resolve the conflict by making “various demands to the investor,” including dissociation from the company.
Riot Games conducted its own investigation, and LCS commissioner Chris Greely issued his original directive on May 15 that Echo Fox must “take appropriate corrective action within 60 days.” If Echo Fox did not remove the offending individual within the stated timespan, Greely wrote that “the League will take formal action that may adversely impact the future of Echo Fox in the LCS.”
Related Article: EXCLUSIVE: Echo Fox Co-Owner Khalid Jones Speaks on Rick Fox’s Decision to Stay, Status of Shareholder Removal Efforts
The LCS extension suggests that Echo Fox is close to reaching a resolution. The Esports Observer has reached out to an Echo Fox representative and will update if we hear back.
Fox announced in late May that he had decided to stay with the team and work to remove the shareholder, which Dexerto identified as Amit Raizada, an investor in Fox’s Vision Venture Partners. Raizada has admitted to some of Fox’s allegations, but denied others.
Echo Fox co-owner and SourceRock Partners Managing Partner Khalid Jones told The Esports Observer in an exclusive interview in June that he was glad that Fox is staying with the team, and that Echo Fox was working diligently to remove Raizada. “Mind you, this was an investor [that caused the issue], it wasn’t the organization at large,” said Jones. “The organization as a whole has always stood for principles that the esports community can get behind. That has never changed.”