With two offers of more than $30 million on the table, the general partners say everyone but the former NBA star agreed on which was superior. He says Riot Games pre-approved the buyer he backed.
Former L.A. Laker Rick Fox is in a heated dispute with the other partners in his esports venture, Echo Fox, over the sale of its slot in a major gaming competition — with Fox claiming there's an effort to smear him and the others preparing to sue.
What happened behind the scenes isn't quite that benign. In a series of emails sent Wednesday among Echo Fox's partners that was obtained by, Fox is accused of tanking a deal with Evil Geniuses in favor of pushing one with Alan Shapiro/MMIPH that personally benefitted him.
He goes on to say that outside counsel warned the general partnership that they had a fiduciary duty to "only vote for an offer that had the ability to succeed" and says a majority of the limited partners had indicated they wouldn't support the Shapiro bid. Rashid says Fox excluded the other general partners from conversations with bidders.
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