Tempo Storm's owner Andrey "Reynad" Yanyuk spoke candidly on his Twitch stream about the amount of money that's needed to acquire a League of Legends team and jump straight into the LCS.
"To buy an LCS spot plus a roster and everything was going to cost me $1.5 million," he said. "I just obviously don't have that kind of money lying around."
Reynad went on to say that he spoke to investors about ways for them to buy into his company in order to fund his LCS purchase. Unfortunately Renegades' LCS spot was already bought by Team EnVyUs at that point and he says that his other deal went south as well.
"Impulse was ready to close the deal ... but they sold it to another guy, I won't say who," he said. "Then he ended up flipping it in three days for a profit.
"The highest bid before I heard it closed was $850,000, but it probably got up to $1 million flat."
According to Reynad, TiP's slot has already been purchased, but their owner has yet to make a public announcement.
This is not the first time Reynad has spoken out about his trials in purchasing an LCS team. On May 17, he spoke on his stream about wanting to buy Renegades' or TiP's LCS spot.
"I was right there, I was ready to ****ing do it, and then Impulse ****ed me," he said.
Dennis "Tarmanydyn" Gonzales is a news editor for theScore esports who enjoys whiskey, D&D and first-picking
Abaddon Slardar Clinkz Medusa Oracle a P90 my Souvenir Negev. You can follow him on Twitter.