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Founder of Invictus Gaming and CEO of PandaTV, Wang Sicong, in Debt $21.6M

Izento 2019-11-14 05:34:36
  As first reported by South China Morning Post, Wang Sicong, founder of esports organization Invictus Gaming and CEO of PandaTV is currently in debt $21.6M after being involved in a lawsuit last year in December for $515,000 by Cao Yue, a PandaTV host. This court order has been given after Wang Sicong had refused to follow the court's ruling. According to the Daily Mail, "The court said he had failed to issue a 3.6 million yuan (£400,000) in compensation to a business competitor in a lawsuit related to the employment of one of Sicong's staff who used to work for his rival". Wang Sicong is also banned by court order from first-class travel, star-rated hotels, buying luxury goods, buying property and even visiting night clubs or playing golf. These restrictions can be lifted by the court if deemed an impediment to business operations. This could also be in response to China's new social credit system. This news comes after former Worlds 2018 champions Invictus Gaming was knocked out of the League of Legends Worlds tournament during a quarterfinals match against FunPlus Phoenix, eventual Summoner's Cup winners. As to what effects will be had on the former world championship team based on this situation remains to be seen, as his involvement with the team could be impacted by this court order. ___ Izento has been a writer for the LoL scene since Season 7, and has been playing the game since Season 1. Follow him on Twitter at @ggIzento for more League content. Images courtesy of Riot Games For more LoL content, check out our LoL section
 

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