Rick Fox departs Echo Fox after settling with investors out-of-court

Fox leaves esports organisation as "a method to end the turbulent fighting" with controversial investors

After months of tension and drama, Echo Fox founder and NBA champion Rick Fox has reached an out-of-court settlement with Vision Esports.

Fox has been embroiled in both legal and personal battles with Vision Esports -- the organisation he co-founded in 2018 with Amit Raizada and Stratton Sclavos -- since April.

Back in May, Fox described Raizada as "socially deaf, blind, and dumb" after the investor sparked controversy with racist remarks reportedly aimed at Echo Fox CEO Jace Hall.

The League of Legends Championship Series advised Echo Fox to part ways with Raizada, or risk losing its spot in the league.

Echo Fox was unable to unseat Raizada from the board, and the team was forced to sell its spot, making 14 pro players redundant.

In June, Vision Esports filed a lawsuit against Fox claiming he owed investors $5.1 million -- the case was dismissed in July.

The dispute only escalated however; earlier this month Fox announced he was suing Vision Esports for fraud around ongoing dispute over the company's ownership. Fox also alleged that Sclavos and Raizada had tapped his phone and hired private investigators to trail him.

In a filing submitted to the LA county court on Monday, Fox and Vision Esports resolved their respective complaints.

Fox is now free to pursue other business ventures, and announced he will be joining Jace Hall to form a new esports organisation, Twin Galaxies International.

In a statement to Newsweek, Fox said he had "learned some very painful lessons" and was relieved to be moving on.

"I have chosen to leave Echo Fox, the esports company that I founded, as a method to end the turbulent fighting and instead just continue to advance my visionary interest in being involved in a number of forward-thinking opportunities in the video game space with other strong, credible partners that share my values," Fox said.

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