HEROIC Leaves Louvre Agreement

Business

01 March 2024 10:00

ESL FACEIT Group announced that HEROIC left the Louvre Agreement. ESL stated "The Commissioner of the ESL Pro League announces today that Heroic is leaving the Louvre Agreement, effective immediately, in exchange for being released from any future membership payments or instalments, as well as rights to revenue share. However, they will still participate in and retain their pre-existing partner slots for IEM Chengdu 2024 and Seasons 19 & 20 of ESL Pro League."

The Louvre Agreement was enacted in 2020. Originally signed by 13 teams, this agreement conferred upon them the status of majority stakeholders in the ESL Pro League. Signatories had perks such as included revenue sharing arrangements and guaranteed slots for participation in tournaments, among other perks.

Tags: HEROIC ESL

Share:

Sources:

Report mistake Submit news

Related news

View All

Lamborghini Becomes Official DreamHack Automotive Partner Through 2028, Brings Gaming-Livery Cars to Atlanta

TL;DR * Automobili Lamborghini has signed a long-term partnership with ESL FACEIT Group as the Official Automotive Partner for DreamHack...

Business

May 13, 2026

HEROIC Exits Dota 2 After Two Years Citing Financial Unsustainability

TL;DR * Norwegian esports organisation HEROIC has officially exited the Dota 2 competitive scene, releasing its South American roster of...

Transfer Market

May 05, 2026

ESL Partners With Kick for CS2 and Dota 2 Streaming, ESL Challenger League Goes Exclusively to Platform

TL;DR * ESL has announced a streaming partnership with Kick, adding the platform as a broadcast home for ESL Pro...

Business

Apr 15, 2026

Tundra Win ESL One Birmingham 2026: Ari Lifts Trophy on Home Soil in 3-1 Grand Final Victory Over Yandex

TL;DR * Tundra Esports claimed the ESL One Birmingham 2026 title with a 3-1 grand final victory over Team Yandex...

More

Mar 30, 2026

ESL Pro Tour 2027: $11.45M Committed, 8-Team LAN Playoffs at Every Event, Studio Matches Ended

TL;DR * ESL has committed over $11.45 million to CS2 teams and players across the 2027 ESL Pro Tour circuit,...

More

Mar 27, 2026

HEROIC Leaves Louvre Agreement

Business

01 March 2024 10:00

Tags: HEROIC ESL

ESL FACEIT Group announced that HEROIC left the Louvre Agreement. ESL stated "The Commissioner of the ESL Pro League announces today that Heroic is leaving the Louvre Agreement, effective immediately, in exchange for being released from any future membership payments or instalments, as well as rights to revenue share. However, they will still participate in and retain their pre-existing partner slots for IEM Chengdu 2024 and Seasons 19 & 20 of ESL Pro League."

The Louvre Agreement was enacted in 2020. Originally signed by 13 teams, this agreement conferred upon them the status of majority stakeholders in the ESL Pro League. Signatories had perks such as included revenue sharing arrangements and guaranteed slots for participation in tournaments, among other perks.

Share:

Sources:

Report mistake Submit news