Which team are we talking about?

• It’s about the Brazilian e-sports team “Rensga Esports”. They compete in the Brazilian professional league CBLoL: Brazil is considered a growth market in gaming.
• “Rensga Esports” features 2 South Koreans playing as top laners and supporters. The other spots are filled with Brazilians.
• But now 4 players are said to be fired.

Bottom of the league and the main sponsor bets on Bitcoin

Why do players get fired? Things are going badly for Rensga Esports on two fronts:

• In the league they are 1-5 and on the last place.
• In addition, their biggest sponsor is a Brazilian crypto exchange, BitPreço. They’re so closely tied to the team that they even show up in the name: Team SoloMid entered into a similar deal with a crypto exchange.
• But the Brazilian crypto exchange is heavily committed to the cryptocurrency Bitcoin, and Bitcoin is in crisis: the currency has lost over 53% of its value in the last 6 months.

From Germany, hopefully there will never be such news about LoL teams:

Team allegedly throws out experienced players and Korea imports

These are said to be the planned changes: As reported by the Brazilian site MGG, citing anonymous sources, the heavy losses of bitcoin are said to have led to a slump in sales at the crypto exchange. This crisis is now responsible for Rensga laying off 4 players at once, they say. They say:

• the two South Koreans would have to go
• the experienced botlaner Goku (25) is now probably too expensive
• the job of jungler Minerva, who began his career in 2013, also seems to be uncertain

According to MGG, they plan to replace the 4 players with their own young players from the Academy team.

Crypto exchange denies connection, thinks they’re doing great

What does the team say? In a press statement, the team has confirmed that they are making changes to the squad, but not exactly which ones.

Instead, they are billing themselves as a “strong brand” that stands for “innovation, new business and rapid development.”

From the sponsor, it is said that the sponsorship deal with Rensga expires on June 30 and that an extension or renewal is possible. They say they have no financial difficulties; on the contrary, the exchange is the largest in Brazil in terms of trading volume for Bitcoin.

Therefore, all connections of changes in the squad with the situation of the crypto exchange are purely speculative, he said. People continue to believe in the team and cheer for them.