Rick Fox is leaving Echo Fox after reports of alleged racist remarks by a company shareholder.
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Fox played professional basketball for 13 years.
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He won three championships with the Los Angeles Lakers.
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The 49-year-old helped found Echo Fox in 2015, purchasing Gravity Gaming's League of Legends sport for $1 million.
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However, he's walking away, having cited racial abuse (not just against himself) and threats to his family.
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Fox hasn't revealed whether he will be leaving the equity firm - Vision Venture Partners - that owns Echo Fox as well.
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