After disappointing performances in the LEC and VCT EMEA League, KOI, a well-known Spanish esports organization, is reportedly facing critical financial difficulties that raise concerns about its future. The organization is struggling to secure funds for various areas, including player and content creator salaries, as well as its LEC license.
According to Esportsmaniacos, KOI’s parent company, Infinite Reality, is experiencing financial issues, leading to unpaid salaries and other financial obligations. To alleviate the situation, KOI’s co-owner, Ibai Llanos, has reportedly used approximately three million euros of his personal funds to cover expenses such as player and content creator payments, as well as the team’s Academy gaming house.
These financial challenges put KOI’s position in the esports industry at risk. Despite being a popular team with a large Spanish fan base and impressive viewership numbers, KOI has struggled to achieve consistent success. In the LEC, the team has consistently finished in the bottom five for two consecutive splits. Similarly, in the VCT EMEA League, KOI has faced difficulties, finishing in ninth place with a disappointing 2-7 record.
This report comes as a shock to supporters and raises concerns about the team’s future, especially considering the recent closure of several other esports organizations. KOI’s financial troubles highlight the precarious nature of the industry and the challenges faced by even well-established teams.
It remains to be seen how KOI will navigate these financial difficulties and whether the organization can secure its future in the esports world.
Source: DOTESPORTS
