In addition, CLG will sell off all of its esports teams, especially its League roster, following the shocking closure in April. Layoffs at CLG are reportedly set to start as soon as this Thursday, according to information provided to employees at the North American esports organisation.
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According to League of Legends reporter Travis Gafford, Counter Logic Gaming will reportedly cease to exist as an esports organisation very soon, with the company expected to experience mass layoffs later this week. In addition, CLG will sell off all of its esports teams, especially its League roster, following the shocking closure in April.
Layoffs at CLG are reportedly set to start as soon as this Thursday, according to information provided to employees at the North American esports organisation. Although a sale of the franchise’s long-held LCS slot is reportedly in the works, CLG will continue to operate and compete with its 2023 League team for the time being. Currently, NRG Esports, a company based in Los Angeles, is the front-runner to buy CLG. If you need more information about Reportedly, CLG will sell its LCS franchise and shut down its esports brand, then read carefully and don’t forget to share with your friends.
NRG has a franchised spot in the Riot Games-run VCT Americas VALORANT league and previously competed in the LCS during the 2016 season. ys prior to this news, a report regarding TSM, a fellow foundational LCS organisation, and its plans to leave esports and sell its LCS franchise slot surfaced.
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DaThe only two teams to participate in every split of the LCS in both the pre-franchised and current eras of the league’s existence are CLG and TSM, two of the League’s oldest organisations.
Many LCS teams are facing a bleak financial future due to high operating costs brought on by rising player salaries, the need to operate out of Los Angeles due to the LCS’s location, and likely the poor resource management from organisations themselves combined with the declining interest from fans brought on by unsuccessful international performances. Even if CLG and TSM successfully recoup their investment costs by selling their franchise locations for high prices, this does not necessarily bode well for LCS.
According to Gafford’s report, although the source of this decision is currently unknown, it is most likely being made by Madison Square Garden, the parent company of CLG, which is based in New York. These two organisations have a long-standing rivalry and are two of the most illustrious and illustrious teams in the North American League of Legends scene.
Many people still tune in to watch CLG and TSM, not the LCS, despite the fact that they have lost some viewers over the past couple of years without championships. With two of the LCS’s premier organisations leaving the league, it’s possible that viewership will decline even further. And it will be crucial to see who steps in to take their place because the scene needs dependable organisations and teams to bring stability.
A spokesperson for MSG Sports provided the following statement to Dot Esports in response to an update on April 4 at 12:20 PM CT: “While changes like this are always challenging, we are streamlining CLG’s operations to better position the company for long-term success, and are also currently exploring strategic alternatives for the business.”
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