Franchising Question

#1

KanyeAsada

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?

#2

kanyefan4238173

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idk

#4

KanyeAsada

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its ok thank for for being my fan <3

#3

moatz

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I think the team may sell the slot before declaring bankruptcy

#8

Yeetus

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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

#10

moatz

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

#11

Gqviria

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

#5

Emmy_TOF

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are u worry about SEN ?
KEKW

#7

KanyeAsada

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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

#6

LyCan52

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

#9

RedditGGGB

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

#12

ALXD

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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

#13

ShanksFan69

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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