The Future of Royal Never Give Up: Facing Financial Turmoil

The Future of Royal Never Give Up: Facing Financial Turmoil

11. April 2024 by Valentin Pasetti

Royal Never Give Up (RNG), one of the giants of Chinese esports and a powerhouse in the League of Legends competitive scene, is facing a dire financial crisis. With debts amounting to a staggering 10 million, the organization is on the brink of closure, sending shockwaves through the esports community.

Turbulent Times for RNG

The recent Spring Split of the LPL has been tumultuous for RNG, culminating in their unexpected elimination during the regular phase of the tournament. Following this disappointing performance, the organization underwent a change in executive leadership, with Benjamin Li assuming the role of CEO.

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Financial Struggles and Potential Closure

In a candid interview, CEO Benjamin Li revealed the precarious financial situation of RNG, citing debts totaling 10 million. This alarming revelation has raised concerns among fans, fearing the imminent demise of the once-mighty organization from the professional esports scene.

Plans for Financial Recovery

Despite the grim outlook, Li outlined a comprehensive plan to steer RNG out of its financial woes. One of the key strategies involves leveraging the burgeoning market of non-fungible tokens (NFTs) to raise funds and engage with fans.

By offering NFT collections that grant fans fractional ownership and decision-making rights, RNG aims to involve its community in the revival process.

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Embracing Innovation and Collaboration

Additionally, RNG plans to explore collaborations with independent game developers, utilizing their platform to promote and monetize games endorsed by the organization. This synergistic approach not only diversifies revenue streams but also strengthens RNG’s presence in the gaming ecosystem.

Sacrifices for a Brighter Future

In a bold move, Li announced plans to forgo short-term profits to expedite the debt repayment process. By sacrificing immediate gains and focusing on long-term sustainability, RNG aims to clear its debts within eight months, primarily through the sale of NFTs.

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A New Chapter for RNG

As RNG navigates through this challenging period, the organization remains steadfast in its commitment to overcome adversity and emerge stronger.

With innovative strategies, unwavering determination, and the support of its dedicated fanbase, RNG looks towards a brighter future, ready to reclaim its status as a dominant force in the world of esports.

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