Shopify, the well-known Canadian-based company, is taking an important step in the esports industry by acquiring the place in the North American League of Legends circuit that previously belonged to TSM. This move is a reflection of Shopify’s growing investment in esports, which began in 2021 with the creation of its own internal competitive team, known as Shopify Rebellion. The company’s co-founder and CEO, Tobias “Tobi” Lütke, has been an avid follower of esports for a long time.
Tobias “Tobi” Lütke
According to sources close to the situation, TSM has been exploring the possibility of selling its franchise in the Riot Games LCS circuit since June. The financial details of this acquisition have not been revealed at the moment, but extra officially by different sources, such as Kellen Browning periodista del New York Times, the amount of the sale would amount to 10 million dollars. Importantly, Shopify Rebellion also actively participates in gaming competitions such as Starcraft II, Rocket League, Valorant, and others.
“Entering League of Legends, one of the biggest esports titles with a rich competitive history, seemed like the obvious next step to us as we continue to grow our presence in esports,” said Dario ‘TLO’ Wünsch, former Team Liquid player who is now in charge of the Esports program at Shopify.
Dario ‘TLO’ Wish
FUTURE OF TSM
But the story doesn’t end here for TSM in the world of League of Legends. Reliable sources reported that the organization could be considering acquiring another League of Legends team based in Asia, with the intention of participating in the League of Legends Champions Korea or the League of Legends Pro League in China. However, some LCS fans have not reacted with joy to the news, TSM is one of the most popular and beloved teams on the League of Legends scene, so its departure from the North American league raises questions about its future.
Under the circumstances, the North American organization could not recover from all the losses caused by the loss of the agreement with FTX, a cryptocurrency exchange with which it had signed a $210 million agreement for a decade. That collapsed last November when it went bankrupt and its creator Sam Bankman-Fried, a League of Legends fan, was prosecuted for fraud by the US justice system.
In its farewell post They gave a short summary of the 11 years participating in competitions in the northern hemisphere and the national and international titles they won, they thanked their fans for their loyalty, and ended with a message for their fan base “our journey towards more championships does not end here.” .
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