Guinevere Capital, the majority shareholder in Excel Esports, began searching for investors to take over its majority stake in LG Dire Wolves in July. Riot Games informed the investment firm that it can only have ownership in one team.
Esports Insider says | LG Dire Wolves is one of the most recognisable and prominent Oceanic brands in esports so it’s good to see the relationship continue for the remainder of 2019. However, it’s unusual to see a renewal that lasts for a small period of time so this could suggest that LG Australia isn’t prepared to commit for another year or two just yet.
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