Esports organization Echo Fox will be leaving the LCS soon.

The organization has decided to sell its current LCS spot to a new team, according to a tweet by the League of Legends Championship Series (LCS). This is in compliance with the demanded corrective action by the MOBA game’s esports league.

Echo Fox has submitted a proposal to sell its slot in the LCS to a new ownership group. The LCS is reviewing the potential sale and will be meeting with the proposed ownership group in the coming days.
— lolesports (@lolesports) July 24, 2019

The new group has not yet been officially named, but the LCS revealed that they will be negotiating with them this week.

US-based entertainment company Kroenke Sports & Entertainment was reported to be the buyer of the available slot, according to an article by ESPN. They have “agreed to a deal that will see it acquire Echo Fox’s League of Legends Championship Series slot for $30.25 million”.

Earlier in May 2019, LCS Commissioner Chris Greeley issued an official warning to Echo Fox following racist statements made by a shareholder inside the organization. Echo Fox founder Rick Fox had considered stepping down over the issue.

Echo Fox plans to sell LoL spot to comply with LCS demand