News/Karmine Corp Acquires LEC Slot: Difference between revisions

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News/Karmine Corp Acquires LEC Slot
Created page with "{{News |seo_title=Karmine Corp Acquires LEC Slot |seo_keywords=Karmine Corp |image=Karmine corp banner.png |tags=Karmine Corp, LEC |date=2023-10-19T14:56:15.000Z |sources={{NewsSource |source=Dexerto |url=https://www.dexerto.com/league-of-legends/karmine-corps-lec-announcement-2342277/ |article=News/Karmine Corp Acquires LEC Slot }}{{NewsSource |source=Dot Esports |url=https://dotesports.com/league-of-legends/news/breaking-karmine-corp-officially-joins-lec-for-2024-seaso..."
 
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|category=Business
|category=Business
|game=League of Legends
|game=League of Legends
|content=French esports organization Karmine Corp is set to join the LEC. This move comes following Karmine Corp's acquisition of a majority stake in the slot owned by the Danish esports organization Astralis. Karmine Corp secured its LEC slot by purchasing a 66.67% stake for DKK 129 million, which is roughly equivalent to $18m. Consequently, Astralis will retain a minority ownership of the slot.
|content=French esports organization [[Companies/Karmine Corp|Karmine Corp]] is set to join the LEC. This move comes following Karmine Corp's acquisition of a majority stake in the slot owned by the Danish esports organization Astralis. Karmine Corp secured its LEC slot by purchasing a 66.67% stake for DKK 129 million, which is roughly equivalent to $18m. Consequently, Astralis will retain a minority ownership of the slot. [[News/Arènes de l’Agora Stadium Revealed|Karmine Corp recently revealed its plans for a new esports stadium.]]


{{Twitter|url=https://twitter.com/KarmineCorp/status/1714704130755661937}}
{{Twitter|url=https://twitter.com/KarmineCorp/status/1714704130755661937}}

Latest revision as of 15:03, 19 October 2023







Karmine Corp Acquires LEC Slot
Karmine Corp Acquires LEC Slot

Business

19 October 2023 14:56

French esports organization Karmine Corp is set to join the LEC. This move comes following Karmine Corp's acquisition of a majority stake in the slot owned by the Danish esports organization Astralis. Karmine Corp secured its LEC slot by purchasing a 66.67% stake for DKK 129 million, which is roughly equivalent to $18m. Consequently, Astralis will retain a minority ownership of the slot. Karmine Corp recently revealed its plans for a new esports stadium.

Maximilian Peter Schmidt, Director of League of Legends Esports EMEA at Riot Games, stated “Astralis has been a valued partner to us throughout its time in the LEC, and we wish the organization the very best with its future endeavours."

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Dante Uzel
Esports & Gaming Journalist
Dante Uzel is an esports and gaming news journalist with eight years covering the industry. His work has appeared in publications including Game Life and The Game Post, and he currently reports for TwogNews and TwogPedia.