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Financial pressures see Schalke sell LEC esports licence for €26.5m

Image: Schalke 04

German football club Schalke 04 has sold its licence for a starting place in esports’ League of Legends European Championship (LEC), citing the financial impact on its business model of Covid-19 and its relegation to the 2. Bundesliga.

The Gelsenkirchen club was last season relegated from the top-tier Bundesliga for the first time in 30 years and is now preparing for life in the second tier.

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