It’s the end of the road for Rick Fox with the esports team he co-founded in Echo Fox. Newsweek reports that Fox agreed to a private settlement agreement with Echo Fox shareholder Vision Esports, that will end lawsuits from both Fox and Vision Esports, after accusations of mismanagement from both sides. Reports suggest that Fox will now shift his attention to launch Twin Galaxies International with longtime associate Jace Hall.
“I have chosen to leave Echo Fox, the esports company that I founded, as a method to end the turbulent fighting and instead just continue to advance my visionary interest in being involved in a number of forward-thinking opportunities in the video game space with other strong, credible partners that share my values,” Fox told the publication.
He added, “On the court and in the business world, teammates are everything and there must be unity and a shared sense of purpose in order to succeed. In the case of Echo Fox, the significant difference of values, ethics and commitment to integrity was very problematic and damaging. I have shared my thoughts on this in my past statements and court filings, and sincerely hope that my experience can help provide further insight for people who should of course make their own judgements and determinations. I have learned some very painful lessons, and am relieved to now be moving on towards more positive business experiences.”