Professional ‘League of Legends’ Gaming Team Sold for Nearly $1 Million

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A professional League of Legends (LoL) team has been sold for a fee “close to” $1m (£625,000).

The deal involves the European LoL squad from Team Dignitas which has been sold to the Follow Esports group.

Prior to the sale, Team Dignitas had two professional League squads, one European and one North American, on its books.

However, rules for the pro-gaming LoL circuit specify that an esports group can only manage one team.

Early reports about the sale suggested the team would be sold for around $500,000 (£324,000).

However, Michael O’Dell ,general manager of Team Dignitas, said that the final deal was far higher than the early estimate.

“It was closer to $1m, I can’t say the exact amount,” Mr O’Dell told the BBC.

Four players, Martin “Wunderwear” Hansen, Chres “Sencux” Laursen, Kasper “Kobbe” Kobberup and Nicolai “Nisbeth” Nisbeth, transfer to Follow Esports under the deal. It is currently looking to recruit one more player to round out its squad and to employ a head coach and lead analyst to support the players.

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SOURCE: BBC