Semper Fortis Esports PLC (AQSE:SEMP) has reached an agreement with Team Endpoint, the Rocket League Championship Series (RLCS) team to loan its player ‘Archie’ until the end of the season.
As part of the agreement, Endpoint will be granted the license and rights to allow the player to compete for its team.
Endpoint will also be liable for any costs associated with the player, including his contractual salary, compensation, and any travel associated fees.
20% of any prize money awarded to Archie during his loan agreement with Endpoint will go to Semper.
Semper also announced it has signed Brice Bigeard ‘Exotiik’ in a new contract until the end of the RCLS season.
"We have made the necessary changes we believe will allow our team to perform at their best for the remainder of the RLCS season,” said Jassem Osseiran, chief operating officer of Semper.
“'Archie' remains a big part of our plans moving forward and we hope that this loan deal will be of great benefit to both parties upon his return next season."