LEC to Tighten Financial Regulations

LEC to Tighten Financial Regulations

More

28 September 2023 14:02

Riot Games revealed new financial regulations, called Sporting Financial Regulations (SFR), in the LEC. Through SFR Riot Games aims to incentivize teams to keep the combined salaries of their top five highest-paid players below a specified limit. Teams that exceed this limit will be subject to an additional fee known as the SFR Fee.

This initiative by the LEC is designed to foster a financially sustainable environment for professional players, team partners, and the league itself. It enables all stakeholders to experience steady and scalable growth while safeguarding the ecosystem from unsustainable spending practices. Maximilian Peter Schmidt, Director of League of Legends Esports, EMEA stated “The LEC SFR, which will come into effect from the beginning of the 2024 Season, is one way in which we’re continuing to work towards our goal of long-term financial sustainability. By doing this, we aim to encourage teams to operate more sustainable businesses to provide job security for players and ensure we serve our fans for decades to come."

Tags: LEC Riot Games

Share:

Sources:

Report mistake   

Submit news   

Related news

View All

Hoby Darling Named as President of Riot Games

Riot Games has announced the appointment of Hoby Darling as its new President. According to release, Darling will collaborate...

Business

Apr 22, 2025

Fearless Draft to Stay

Riot Games has officially confirmed that the Fearless Draft format will remain a permanent feature in League of Legends...

More

Mar 17, 2025

VALORANT Game Changers Ecosystem Changes

Riot Games has announced significant updates to the VALORANT Game Changers ecosystem, including key changes to the qualification process...

More

Feb 26, 2025

Riot Games Partners with EWC

Riot Games has officially partnered with the Esports World Cup Foundation, the organization behind the Esports World Cup. Under...

Business

Feb 11, 2025

Riot Will Reveal Another Game Changers Event

Riot Games is set to launch a new league for marginalized-genders, following the success of VALORANT’s Game Changers. The...

Business

Jan 30, 2025

LEC to Tighten Financial Regulations

More

28 September 2023 14:02

Tags: LEC Riot Games

Riot Games revealed new financial regulations, called Sporting Financial Regulations (SFR), in the LEC. Through SFR Riot Games aims to incentivize teams to keep the combined salaries of their top five highest-paid players below a specified limit. Teams that exceed this limit will be subject to an additional fee known as the SFR Fee.

This initiative by the LEC is designed to foster a financially sustainable environment for professional players, team partners, and the league itself. It enables all stakeholders to experience steady and scalable growth while safeguarding the ecosystem from unsustainable spending practices. Maximilian Peter Schmidt, Director of League of Legends Esports, EMEA stated “The LEC SFR, which will come into effect from the beginning of the 2024 Season, is one way in which we’re continuing to work towards our goal of long-term financial sustainability. By doing this, we aim to encourage teams to operate more sustainable businesses to provide job security for players and ensure we serve our fans for decades to come."

Share:

Sources:

Report mistake   

Submit news   

Related news

View All

Hoby Darling Named as President of Riot Games

Riot Games has announced the appointment of Hoby Darling as its new President. According to release, Darling will collaborate...

Business

Apr 22, 2025

Fearless Draft to Stay

Riot Games has officially confirmed that the Fearless Draft format will remain a permanent feature in League of Legends...

More

Mar 17, 2025

VALORANT Game Changers Ecosystem Changes

Riot Games has announced significant updates to the VALORANT Game Changers ecosystem, including key changes to the qualification process...

More

Feb 26, 2025

Riot Games Partners with EWC

Riot Games has officially partnered with the Esports World Cup Foundation, the organization behind the Esports World Cup. Under...

Business

Feb 11, 2025

Riot Will Reveal Another Game Changers Event

Riot Games is set to launch a new league for marginalized-genders, following the success of VALORANT’s Game Changers. The...

Business

Jan 30, 2025