83% of Echo Fox's limited partner investors to demand Fox's resignation
An email chain obtained by Upcomer shows that it is very likely that over 83 percent of the limited partners who have invested in Echo Fox will ask Rick Fox to resign as manager of the general partner of Echo Fox--immediately. This demand comes on the heels of 11th hour negotiations as to who will acquire Echo Fox and their LCS slot.
As of 3pm on Tuesday, there were two organizations whose bids were being considered--The Shapiro Group and Peak6 (Evil Geniuses). Fox wants to approve the Shapiro deal while the 83 percent of limited partners that were contacted by the lead adviser, along with others want to approve the Peak6 deal. Fox has a very good reason as to why he would like to see the Shapiro deal go through...Read the full article on upcomer