<
>

Riot issues warning to investor with financial ties to two teams

Riot Games is the developer of one of the biggest games in the world, League of Legends. Courtesy of Riot

In a competitive ruling issued by Riot Games, Fnatic and G2 Esports minority stakeholder Jens Hilgers have received a formal warning for sharing financial ties.

Hilgers was found to be financially invested in both teams. According to Riot's ruling, Hilgers provided a loan to Sannpa Ltd., the parent company of Fnatic, to support Fnatic Gear Ltd. This was ruled as "indirect financial interest," and Riot has mandated that Hilgers either retract his loan from Sannpa or divest his stake in G2 Esports.

Hilgers responded to the ruling on his blog, stating that the loan was purely to support Fnatic's gear vertical, and that the loan does not allow him "any actual influence or control over fnatic that would endanger the integrity of Esports."

According to Hilgers, the agreement reached in the competitive ruling was mutual, and the esports investor will take back the loan he gave to Sannpa Ltd.