German football club Schalke 04 has completed the sale of its League of Legends European Championship (LEC) licence to Swiss esports organisation Team BDS.
According to the announcement by Schalke 04 Esports, the spot will be sold at the end of the Summer Split 2021 for €26.5m (~£22.8m).
The news about Schalke 04 potentially looking to sell its LEC spot were confirmed by the organisation earlier in February. Schalke’s LEC spot was originally estimated to cost anywhere up to €20m (£17.