This is just horrible.
Former NBA player Rick Fox entered the esports world back in 2015 when he purchased the Gravity Gaming LCS slot for League of Legends and re-branded them as Echo Fox. In 2019, he set to leave the company because of racial abuse.
Here is his statement on the matter:
“This is an official notification of my intention to exit the Echo Fox organization as a shareholder and participant as soon as I am able to facilitate a transaction to do so. The recent outrageous and abhorrent display of pure racism made by a significant Echo Fox shareholder as well as threats to my family have made it impossible for me to continue to remain associated with the company.
I will not support or be associated with such behavior and attitudes displayed at the shareholder level. Racism is an anathema to what my personal brand strives for and tolerating any form of discrimination such as this is not acceptable.
This notification serves as the beginning process of exiting the company. I will be contacting all relevant and interested people. My position in the GP and the entity that owns my shares are available. Depending on the proposal there are different ways to structure a deal, acquire my entity, swap positions, etc. Interested parties can contact me. I’m moving on the first deal that sits well.”
The shareholder who is accused in this matter has not been named, but this is exactly what happened:
“The incident that seems to have triggered this decisive response from Rick Fox is the use of a racial epithet aimed at Jace Hall, former CEO of Echo Fox and Head Custodian of Twin Galaxies, in a heated email exchange.
In an internal business dispute between Jace Hall and a member Vision Venture Partners, whose esports division invested in the Echo Fox brand, the shareholder used the n-word to describe Hall who is of African-American descent. We are currently withholding the shareholders name pending a response to comment.
Sources close to the situation informed Dexerto that this isn’t the only time such language has been used in relation to both Jace Hall and Rick Fox from the shareholder in question.
“Most shareholders have tried to ignore this in the hope it goes away and this has forced Rick’s hand to leave. He obviously isn’t going to stand for that and was hoping the matter would be addressed on a shareholder level rather than just swept under the carpet.”
Just a terrible situation all-around.