It feels like the end of an era, as TSM, a long-standing centerpiece of North American League of Legends<\/em>, will officially exit the LCS and transition into another tier-one league<\/a>. <\/p>
According to “a person with knowledge of the discussions” that spoke to NYT<\/a>, TSM began talking to “interested groups” around the beginning of May, narrowing down the potential buyers to a shortlist of around 12, which are “mostly in the media and traditional sports worlds.” TSM is reportedly seeking an asking price “in the range of $20 million.”<\/p>
Related: Why is TSM leaving the LCS?<\/a><\/strong><\/p>
In September 2019, Riot Games sold the Echo Fox slot to Evil Geniuses slot for a total of $33 million<\/a> after Echo Fox’s sale to Kroenke Sports & Media fell through in July of that year.<\/p>
An LCS slot officially changed hands just a couple of months ago, although not via a direct sale of the slot itself. NRG rejoined the LCS and acquired a slot from CLG in April<\/a> but did so by acquiring the CLG organization itself, rather than buying the slot from the Madison Square Garden Corporation that owned CLG. <\/p>
NRG didn’t even “buy” CLG technically; NRG “took on all debts and liabilities related to the CLG business” while MSG was given a “significant stake in NRG,” according to NRG CEO Andy Miller via the Jacob Wolf Report<\/a>. The NYT reports that MSG “paid NRG several million dollars to take on the costs of the CLG facilities and the salaries of the remaining 25 employees.”<\/p>
