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

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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.

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