Home Tournaments Sentinels CEO Sues Kroenke Sports & Entertainment Over Echo Fox LCS Deal

Sentinels CEO Sues Kroenke Sports & Entertainment Over Echo Fox LCS Deal

by Andrew Hayward

Mentioned in this article

  • Sentinels CEO Ron Moore has sued Kroenke Sports & Entertainment, alleging that he was cut out of a verbal agreement to oversee its esports efforts.
  • Moore claims in the suit that he was not informed of Kroenke’s reported plans to acquire Echo Fox’s League of Legends Championship Series (LCS) franchise slot.
  • Sentinels and Kroenke are partnered for the Overwatch League’s Los Angeles Gladiators. Moore is seeking a majority share in the team via the suit.

Sentinels CEO Ron Moore has filed suit against partner Kroenke Sports & Entertainment related to  its reported purchase of Echo Fox’s League of Legends Championship Series (LCS) franchise slot, reports ESPN. The suit was filed in California Superior Court in Los Angeles.

The companies are current partners for the Overwatch League’s Los Angeles Gladiators, which Kroenke owns and Sentinels operates. Last week, ESPN reported that Kroenke had agreed to pay $30.25M to purchase Echo Fox’s franchise following internal strife in that company.

According to ESPN, Moore alleges in the suit that Kroenke Sports & Entertainment pursued the LCS team without his knowledge, which violates a verbal agreement between him and the company regarding its esports ventures. According to Moore, he has acted as the CEO of KSE Esports, which was established to oversee Kroenke’s esports efforts.

Moore also suggests that executive Josh Kroenke has avoided communication with him since March, and instead delegated friend Michael Neary to interact with Moore and the Sentinels.

Alleging that he has been cut out of the verbal agreement to lead the company’s esports initiatives, Moore is seeking an increased majority stake (51%) in the Gladiators over his claimed current 49% stake, as well as reimbursement for out-of-pocket costs towards the joint venture.

The report also claims that Kroenke Sports & Entertainment is continuing its plan to secure the Echo Fox LCS spot, which still must be approved by Riot Games. If approved, the deal will reportedly close in 22 days.



Source link

Related Articles

Leave a Comment