Thursday, June 30, 2022
No Result
View All Result
Esports Grizzly
  • Home
  • College Esports
  • Industry
  • GamesUpdates!
    • Call of Duty
    • Counter Strike
      • CS:GO Betting Sites
    • DOTA 2
      • Dota 2 Betting Sites
    • FGC
    • Fortnite
    • League of Legends
      • League of Legends Betting Sites
    • Mobile Legends
    • Overwatch
    • PUBG
    • Rainbow Six Siege
    • Valorant
  • Esports Betting SitesNew
    • Bitcasino Esports Review | Evil Geniuses’ Home Esports Bookmaker
    • Sportsbet.io Esports Review
    • Cloudbet Esports Review | Is Cloudbet Legit?
    • Dogecoin Esports Betting Sites
    • Luckbox Review (2021) – Is Luckbox Esports Safe?
    • Betway Esports Review
    • GG.Bet Esports Review | League of Legends, Dota 2 and CS:GO
    • Rivalry Esports Review
    • Pinnacle Esports Review
  • Consoles
  • Streamers
  • Q&A
  • Blog
  • Opinion
  • Newsletter
Thursday, June 30, 2022
No Result
View All Result
Esports Grizzly
No Result
View All Result

schalke-04-esports-team-logo

Image credit: Schalke04.de

Schalke 04 Confirms LoL LEC Slot Sale Is a Possibility

in League of Legends
February 27, 2021
  • Schalke 04 confirms rumors that the club is looking into the potential sale of its League of Legends LEC slot
  • The slot would go for around $24 million, estimates French daily L'Équipe, which first reported the news
  • Schalke said that it would not want to give up on its League of Legends franchise, but the club is still evaluating the situation 

Faced with mounting debt and under a threat of relegation, German soccer club Schalke 04 confirmed that it's considering selling its League of Legends LEC slot. 

German Club Schalke 04 Mulls Sale of LoL LEC Slot 

German soccer clubs Schalke 04 was one of the first sports organizations to buy into League of Legends and set off on the exciting journey where sporting franchises branch out to competitive video gaming. 

A new report published in L'Équipe, a French daily newspaper, reports that Schalke 04 may be looking to divest from its League of Legends European Championship (LEC) slot the team obtained in 2016 as one of the first organizations from the sporting world to do so. The club has confirmed the rumors.

Regarding the recent rumors on our #LEC Slot, @TimReichert14 & @claudio_kasper have prepared the following statement: pic.twitter.com/IdhdDso54B

— Schalke 04 Esports (@S04Esports) February 24, 2021

Schalke could potentially sell the team's slot for roughly $24 million. Having played in competitive League of Legends for several years now, Schalke could be looking to secure a considerable upmark on their slot, with the competition proving a perpetual driver of viewers' and advertisers' interest.  The pandemic has impacted the club, pushing its debt to $240 million as of December 2020, according to an ESPN report. 

Troubles on the Field, Troubles in the Virtual World 

The team is facing financial troubles, but it's also looking at a relegation, which would move the team from the Bundesliga to a lower-tier division, compounding its financial problems further. While the LEC slot franchising rights aren't too expensive on the look of it, they could prove a good way to start chipping away at the club's piling debt. 

Schalke will most likely be revealing details as the Bundesliga draws closer to an end in May. The club, though, is not overly-keen on selling the slot but acknowledged that the extraordinary conditions the club faced in a tweet earlier this week.

Schalke said that the team is in the process of evaluating its options, including the sale of the LEC slot. Schalke 04's League of Legends results haven't been too impressive as well, and short of the Miracle Run, there is little the club can write home about.

As of the time of reporting, the team is looking at 7th position in the LEC Spring 2021 standings with five wins and seven losses, and behind Rogue and G2 Esports, which both have ten wins and two losses each. 

Schalke 04 almost made it into the Worlds last year but missed its chance to qualify, making it a fairly-unknown team in the international esports League of Legends competitive space. 

Tags: LECSchalke 04
Alexander TodorovbyAlexander Todorov
Tags: LECSchalke 04
Home » Schalke 04 Confirms LoL LEC Slot Sale Is a Possibility
ShareShareTweetShareSend
league-of-legends-clash-between-champions
Blog

Betting on League of Legends: Top 5 Sites to Wager Using Bitcoin

by Papa Bear
March 1, 2022

Few games have captured the hearts of the wider audiences quite like Riot Games’ masterpiece League of Legends has. The...

Read more
overwatch-female-characters
Opinion

Women in Esports: How Esports Are Moving Towards a More Inclusive Future

by Angel Hristov
October 25, 2021

Gaming has long been regarded as something reserved for nerdy boys. As times change women join in on the fun...

Read more
v-bucks-currency-in-fortnite
Blog

Bitcoin Esports: Best Crypto Esports Betting Sites

by Alexander Todorov
January 23, 2022

Bitcoin esports betting is on the rise. The idea of placing wagers on your favorite esports teams is an experience...

Read more

Latest and Popular

League of Legend's Bel champion revealed in May 2022.
League of Legends

Riot Games Teases League of Legends’ Next Champion

by Stefan Velikov
June 19, 2022
lcs-official-featured-logo
League of Legends

2022 LCS Summer Split Opening Weekend’s Best Matchups

by Alexander Todorov
June 9, 2022
PSG Talon's first player.
League of Legends

Former FPX, Nongshim Mid Laner Gori Joins PSG Talon’s League Roster

by Stefan Velikov
June 7, 2022
Gamsu joins Team Dignitas as part of their League of Legends roster.
League of Legends

Gamsu Rejoins Dignitas’ LCS Roster after a Seven-Year Hiatus

by Stefan Velikov
May 23, 2022

Next Post
toronto-ultra-official-tournament-cover

Dr Disrespect to Miss Out Toronto Ultra $100K Payout Warzone

eSports Grizzly Mobile Dark
eSports Grizzly Mobile Dark

Content Categories

  • Blog
  • Call of Duty
  • College Esports
  • Consoles
  • Cosplay
  • Counter Strike
  • DOTA 2
  • FGC
  • Fortnite
  • Gaming
  • Halo
  • Hearthstone
  • Industry
  • League of Legends
  • Mobile Legends
  • News
  • Opinion
  • Overwatch
  • Popular
  • PUBG
  • Q&A
  • Rainbow Six Siege
  • Rocket League
  • Streamers
  • Uncategorized
  • Valorant

Recent Posts

  • NaVi Dominates the BLAST Premier Spring Final 2022
  • Arsenal Veteran Footballer Mesut Özil Might Move into Esports
  • Blizzard Promises Consistent Content Updates and Battle Pass For Overwatch 2

About Esports Grizzly

We bring you the best Premium esports content from around the globe.

Our FREE weekly newsletter

Keep in the loop with our minimalist weekly newsletter. Subscribe today!

GET IN TOUCH

Esports Grizzly reports on the latest industry and gaming intelligence, Want to pitch in? Get in touch!

  • Home
  • About us
  • Privacy Policy
  • Disclaimer
  • Terms and Conditions
  • Contact

© 2021 Esports Grizzly - Your daily BITE of global esports

No Result
View All Result
  • Home
  • College Esports
  • Industry
  • Games
    • Call of Duty
    • Counter Strike
      • CS:GO Betting Sites
    • DOTA 2
      • Dota 2 Betting Sites
    • FGC
    • Fortnite
    • League of Legends
      • League of Legends Betting Sites
    • Mobile Legends
    • Overwatch
    • PUBG
    • Rainbow Six Siege
    • Valorant
  • Esports Betting Sites
    • Bitcasino Esports Review | Evil Geniuses’ Home Esports Bookmaker
    • Sportsbet.io Esports Review
    • Cloudbet Esports Review | Is Cloudbet Legit?
    • Dogecoin Esports Betting Sites
    • Luckbox Review (2021) – Is Luckbox Esports Safe?
    • Betway Esports Review
    • GG.Bet Esports Review | League of Legends, Dota 2 and CS:GO
    • Rivalry Esports Review
    • Pinnacle Esports Review
  • Consoles
  • Streamers
  • Q&A
  • Blog
  • Opinion
  • Newsletter

© 2021 Esports Grizzly - Your daily BITE of global esports

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.