Esports News
LEC introduces new salary regulations for 2024 season
The League of Legends EMEA Championship (LEC) has revealed plans to implement new team salary regulations. The Sporting Financial Regulations (SFR) are also intended to secure long-term growth and to prevent LEC teams from overspending. The new rules will go into effect with the commencement of the League of Legends esports season in 2024.
The LEC SFR encourages teams to keep the sum of the salaries paid to the five highest-paid players within a range to ensure overall salary spending does not exceed a maximum amount. A low SFR threshold and a high SFR threshold are established based on a variety of market indicators such as LEC player salary, team financial statistics, and the league's income pool.
LEC teams who exceed the SFR threshold must pay a fine equal to 50% of the extra money. If a team exceeds the designated criterion by 150%, the LEC will receive a 100% bonus. The SFR will be implemented on November 21st. READ MORE
UK Competition and Markets Authority set to clear Microsoft's deal to buy Activision Blizzard
Microsoft's $69 billion deal to acquire Activision Blizzard is on track to be approved by the UK competition regulator, the Competition and Markets Authority (CMA), after a revised proposal addressed its concerns. The revised deal includes selling cloud gaming rights outside Europe to Ubisoft, which the CMA believes substantially resolves previous concerns.
The CMA has opened a consultation on the remedies and is expected to make a final decision before the deal's October 18th deadline. READ MORE
BLAST raises €12.7 million in funding to pursue global expansion plans
BLAST, an esports tournament organizer, has raised €12.7 million in its newest investment round to assist speed the company's global expansion. According to a press statement, the capital round will help BLAST improve and expand its position as a leading provider of global esports ecosystems. The financing will allow BLAST to continue producing esports events around the world in conjunction with game publishers like Valve, Ubisoft, and Epic Games.
Furthermore, BLAST intends to improve its technical offerings and broadcast infrastructure. In addition to the live streaming portal BLAST.tv, the event organizer currently operates an esports broadcasting and production facility in Denmark. READ MORE
Ballantine's signs sponsorship agreement with British esports organisation Tundra
Tundra Esports, a British esports organization, has established a collaboration with Ballantine's scotch whisky ahead of Dota 2's The International 2023. Ballantine's branding will appear on Tundra Esports apparel, and the two companies will collaborate on behind-the-scenes material. This is the first time Ballantine's has collaborated with an esports organization. In addition to appearing on Tundra jerseys, the brand will collaborate with Tundra on multiple content pieces during the event, including Afterwork Drinks, Sip of Knowledge, and TI Dream Team.
Tundra Esports is the defending The International champion, having defeated Team Secret in the 2022 edition. In addition to Dota 2, the organization has teams in Fortnite and Rocket League. READ MORE
Team Vitality and LOSC Lille renew partnership
Team Vitality, a French esports organization, has held onto its current partnership with Lille Olympique Sporting Club (LOSC). As a result, the two organizations will team up to field players in the EA Sports FC 24 esports circuit for the 2023/24 season.
Along with recruiting talent, players from Team Vitality and LOSC eSports will wear blended jerseys to showcase their partnership. Players will also train at the Team Vitality V.Performance bootcamp, which will be held in the Stade de France in Paris, as well as at LOSC's Domaine de Luchin training facility. READ MORE
EA Sports FC 24 announces new esports system
EA Sports FC is the new rebranded version of EA Sports' FIFA video game after the partnership between FIFA and EA Sports has been terminated last year.
EA Sports FC Pro will act as the new global circuit for EAFC players to compete in 2023 and 2024. It will consist of two regular-season competitions, FC Pro Open and FC Pro Leagues. The FC Pro Open competition will follow the path from 'amateur player to pro' with players from across ten regions competing for a total of $1 million prize pool.?
The FC Pro League will be launched early next year alongside its league partners which includes the likes of Bundesliga, Premier League and Major League Soccer. This competition will end in the FC Pro World Championship. READ MORE