View source for News/Karmine Corp Acquires LEC Slot

{{News
|seo_title=Karmine Corp Acquires LEC Slot
|seo_keywords=Karmine Corp
|image=Karmine corp banner.png
|tags=Karmine Corp, LEC
|date=2023-10-19T14:56:15.000Z
|sources={{NewsSource
|source=Dexerto
|url=https://www.dexerto.com/league-of-legends/karmine-corps-lec-announcement-2342277/
|article=News/Karmine Corp Acquires LEC Slot
}}{{NewsSource
|source=Dot Esports
|url=https://dotesports.com/league-of-legends/news/breaking-karmine-corp-officially-joins-lec-for-2024-season
|article=News/Karmine Corp Acquires LEC Slot
}}
|author=Andura
|category=Business
|game=League of Legends
|content=French esports organization Karmine Corp is set to join the LEC. This move comes following Karmine Corp's acquisition of a majority stake in the slot owned by the Danish esports organization Astralis. Karmine Corp secured its LEC slot by purchasing a 66.67% stake for DKK 129 million, which is roughly equivalent to $18m. Consequently, Astralis will retain a minority ownership of the slot.

{{Twitter|url=https://twitter.com/KarmineCorp/status/1714704130755661937}}

Maximilian Peter Schmidt, Director of League of Legends Esports EMEA at Riot Games, stated '''“Astralis has been a valued partner to us throughout its time in the LEC, and we wish the organization the very best with its future endeavours."'''
}}