Financially tapped out European Football club Schalke 04 have officially exited League Of Legends Esports. In addition, they have reportedly sold their LEC (League of Legends European Championship) spot to Swiss side Team BDS for a total sum of 30 million Euros.
Schalke 04 who were recently relegated to the Division 2 of the Bundesliga, a professional football circuit played on an annual basis, have found themselves in a financial crisis. Amid the ongoing global Coronavirus pandemic, it seems to have taken a great toll on the current sports teams across the globe with a bleak number of sponsors willing to invest towards the growth of the same.
The German Football club seemed to be helpless as they decided to call quits on their League Of Legends Esports Operations and placed their LEC franchise on the sell-out list. Swiss Esports Organization Team BDS have reportedly completed the acquisition of FC Schalke 04’ LEC spot for a total sum of 30 Million Euros ($36M USD approx). This deal has profited the football club for over 22M Euros after they previously bought the EU LCS Summer 2016 seed for just €8M. This has also been the European side’s equal fourth-highest record transaction, where they earlier had traded Manuel Neuer to Bayern Munich for €30M.
FC Schalke 04 League Of Legends team never found their place at the top of the scene but were instead called out to be a consistent team. Their best placings were at the LEC Summer and Regional Finals in 2019 where they consecutively finished third.
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