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Schalke sells franchise slot in esports championship for 26.5m euros

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The Bundesliga club Schalke, considered a pioneer among football clubs when it comes to esports involvement, is selling its franchise slot in the League of Legends European Championship to a Swiss group for a whopping 26.5 million euros (31.5 million dollars). Preparations for the sale to the Geneva-based BDS esports club had been in the workds since autumn 2020, when cash-strapped Schalke’s poor performance in the Bundesliga was already becoming apparent. “It’s no secret that the coronavirus situation and the relegation present the club with a major economic challenge,” says Schalke’s chief g…

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