Franchising Question

what would riot do if one of their partnered teams were to go bankrupt. Would they sell the slot or just choose another org to partner with?

idk

I think the team may sell the slot before declaring bankruptcy

kfan4238173 [#2]

idk

its ok thank for for being my fan <3

are u worry about SEN ?
KEKW

i think riot will choose another org instead of letting bankrupt org to sell there slot (just guessing btw)

Emmy_TOF [#5]

are u worry about SEN ?
KEKW

rob moore has deep pockets SEN will be ok. the article that was published basically said that they aren't profitable, doesnt mean rob would let it go under

moatz [#3]

I think the team may sell the slot before declaring bankruptcy

they can’t sell the slot because they don’t own it - i’m sure riot has a provision to be able to cancel it whenever they want and i’m sure bankruptcy has been considered

There's no selling spots, they weren't bought. Riot just would expel the bankrupt org and choose another one

Yeetus [#8]

they can’t sell the slot because they don’t own it - i’m sure riot has a provision to be able to cancel it whenever they want and i’m sure bankruptcy has been considered

but until the org declares bankruptcy, can riot revoke their spot?

moatz [#10]

but until the org declares bankruptcy, can riot revoke their spot?

Yes, they oiwn the slot, and they can remove whoever they want if they think they have becomen unfit

Teams are on a 4 year deal and riot more than likely has it in their contract with them if they cant financially support their team they would get kicked and replaced from the league

there is a very low risk of a org to go bankrupt as they would go for another series of funding with a higher valuation as its a riot franchised team and they might get better chances for a sponsors and from next year we gonna get skin revenues and they already get 1-1.5 mil a year