Echo Fox has laid off the 14 players on its League of Legends roster as it sells its franchise slot in the competitive league, following a dispute between the team's founder and a shareholder.
The Hollywood Reporter reports the following statement from Echo Fox:
"Following the departure of Echo Fox from the LCS, we've had to take the unfortunate step of terminating our contracts with our current League of Legends players. While each player contract is different, we are making sure to handle every case with the care necessary to ensure they are treated fairly in this time of transition.
"We will also be working to support [players] as they enter the next phase of their careers, whether that be with another esports organization or whatever path they may choose."
The layoffs come as Echo Fox continues discussing the sale of its franchise slot in the North American League of Legends Championship series, a sale that was instigated last month as the result of a dispute between founder Rick Fox and an unnamed shareholder. Riot Games gave the team 60 days to part with the shareholder, but the situation was unable to be resolved, resulting in the forced termination of the team's franchise slot.
An offer from Kroenke Sports made at the end of July did not pan out, so the slot has been sold back to the LCS, which has opened an application process for a new partner that will remain open for 30 days following August 16, according to a statement from Riot Games.