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The Echo Fox Deal is Shady...

IncrediPhiLL·8/22/2019, 1:18:23 PM·1 votes·1,827 views

Not sure if this has been discussed yet or not.

I know RIOT is a big corporation now and the NALCS has primarily become a home for hot shot business owners and sports' team owners, but this Echo Fox deal is really pushing the envelope.

Completely omitting Rick Fox from the discussion and going behind his back is one red flag... especially when he was the one who listed the primary complaint about the racist behavior of the people (person) at the top of the organization.

Riot's solution is to sell the entire team to another person because of this complaint? That's not what Rick Fox wanted.

But the REAL BIG PROBLEM here is that Echo Fox tried to sell the team themselves to another buyer... and RIOT stepped in and told them no? And now RIOT is selling the team themselves... to a person (organization) they can choose themselves?

This is super fishy. I'm not familiar with the contracts and the fine print or anything, but RIOT should not be allowed to dictate who Echo Fox sells the team to.

RIOT gives Echo Fox a deadline to meet in which they must sell the team, Echo Fox meets the deadline and lines up a buyer.

RIOT reviews the deal that Echo Fox has made to the buyer and simply says no to the deal. The deadline has come and now they are taking over the team operations and selling of the team... that isn't a good thing at all. It's kind of like RIOT didn't want Echo Fox to meet the deadline to find a buyer.

RIOT releases a statement about the situation being as vague as possible and offering hardly any insight as to why they shut the Echo Fox deal down.

If I were a betting man, I'd bet that RIOT wants to get their fingers into the money pot more than they already do and the original deal Echo Fox made with a buyer didn't let them do that. Now that they have taken over the sale, they can dictate everything they need to dictate to make as much money off of the deal and put it in their pockets as opposed to the Echo Fox organization.

4 Comments

ChompyWulf8/22/2019, 6:26:55 PM1 votes

I thought it was scummy how Riot jumped to the nuclear threat from the beginning, but there are a few things you say that don't line up.

First, Rick Fox shouldn't get a seat at the table because it all started with him intending to wash his hands of his team to begin with. Which was a red herring because the more he's talked and whined the more convinced I am he leaked his own memo about intending to sell because he didn't have the stones to take care of the problem in house.

Second, Echo Fox only had one sale proposal by the deadline, which would be Raizada selling his shares to a cousin...which of course is a garbage shift that would leave the guy on the fringe so of course that was shut down by Riot.

Third, as for the actual sale proposal to Kroenke's Esports, that was fishy how it got shut down. Riot at least extended the deadline for EF, but then out of the woodwork some partner of Kroenke starts barking about lawsuit because he wasn't apart of this EF buy and Riot cuts the sale off. (I'd also like to point out this is the second time Riot has shut out an OWL LA franchise holder. Odd coincidence)

I do think Riot is being far too involved in this mess and should have been a mediator at a table to broker a share sale, not dishing out a ultimatum to trash a team.

BigBellBrute8/22/2019, 9:43:31 PM1 votes

Of course Riot is going to not allow a sale to the guilty guy's cousin.

And Kroenke withdrew the offer when they got sued.

And hey, if you don't want the league stepping in and saying sell, don't be a racist and don't make public threats.

Good riddance to bad Fox rubbish.