California startup wants to raise $20m so you can manage its League of Legends team | The Loadout

California startup wants to raise $20m so you can manage its League of Legends team

League of Legends - Lux

A California startup is trying to Kickstarter the funds to buy a spot in the LCK and operate a fan-managed League of Legends team where the fans control every aspect, including player signings, roster changes, and drafts. The cost? The low, low price of $20,000,000.

As reported by Dexerto, Gamer Republic has launched its ambitious fundraising campaign to raise a minimum of $10 million before August 5 so that it can bid for a spot in Korea’s top LoL league, which will move to a franchise model in the 2021 season. It will then look to raise a further $10 million for operations costs. Gamer Republic has already formally applied for a spot in the league, along with 20 other big name organisations, according to Korizon.

Depending on the amount you donate to the team, you are rewarded with a membership, which come in varying lengths and tiers. The most expensive membership would be a five year Diamond membership, which will cost you – yes you, humble League of Legends fan – $100,000.

Members will control all aspects of the team and will be provided an online “dashboard” of data about their team to inform their decisions. Whichever decision gets the most votes from members is what will be implemented. You can hire new coaches, drop players, and even pick and ban champions in specific games.

There will be a rewards system for members, in which decisions that result in good results will be rewarded with cash.

There will also be a trophy and extra cash prize for the member of makes the most good calls of the season.

This hyper-democratic vision of a fan-led League of Legends franchise is certainly an ambitious one, and a world away from how the big names in esports run things.

With massive names such FaZe Clan and NRG already pulling out of the race for a spot in the LCK, Gamer Republic is really taking on a mammoth task. It has already received over $20,000 of its $10 million goal via backers from not only South Korea but also Sweden, Australia, USA, and Switzerland.