After saying a merger of the 2 organizations in September and securing a spot within the Brazilian League of Legends Championship (CBLoL) franchise in October, Falkol Esports and Prodigy Esports introduced the brand new banner that may unite the groups: Vorax.
The brand new authorized entity shall be established on Jan. 1, 2021, having Prodigy’s Marina Leite, Falkol’s Aristóteles ‘Toti’ Azevedo, and Vivian Bernardo as associates. That is the second model renovation for Prodigy Esports in a single 12 months, as earlier than November 2019 it was known as ProGaming because of its founder and predominant sponsor ProGaming Megastore. To this point, ProGaming Megastore is the one sponsor confirmed to Vorax.
Marina Leite spoke to The Esports Observer relating to the funds and the assets to be utilized to the brand new group and the CBLoL franchise. In accordance with her, “for the reason that merger between Falkol and Prodigy, the motion available in the market has been extraordinarily optimistic. We’re already within the means of contractual detailing with sponsors,” and “with the funds of those actions, the venture that we idealized, of getting a aggressive and highly effective group available in the market and digital sports activities, shall be achieved.”
Concerning the CBLoL franchisee buy-in, which rests at $4M BRL (roughly $740Ok USD), Leite mentioned that the organizations have the mandatory assets to cowl it, and that “Prodigy has all the time been a sustainable and worthwhile sports activities group, whereas Falkol has all the time been a pioneer in negotiations that deliver monetary assets from business agreements to the membership.”
Leite additionally defined that “though initially the functions [to the franchise] have been made individually by every group, Toti and I have been already speaking and adjusting a business settlement for the reason that starting of 2020, so that they have been made individually solely as a result of our business settlement was not finalized. However the thought for the reason that starting was for every half to take a position its deliberate share [for the franchise fee] in our funding settlement.”
Leite is assured within the monetary projections made by the group, saying that it was “fastidiously deliberate to deliver revenue within the first years of operation.”