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Parent Company of RNG Declares Bankruptcy
ENT2025-08-23

Parent Company of RNG Declares Bankruptcy

On August 23, 2025, a company associated with Royal Never Give Up , Shangrao Tianting Culture Communication Co., Ltd., filed for bankruptcy. Despite successful performances on the international stage, the team faced financial difficulties, leading to this decision.

RNG has established itself as one of the leading teams in League of Legends. Among their achievements are victories at the Mid-Season Invitational in 2018, 2021, and 2022, as well as 3 LPL championship titles and a third-place finish at the World Championship 2017. Throughout their existence, the team has earned $4,045,749 in prize money, but this was not enough to stabilize their finances.

The main reason for the bankruptcy was the difficulty in securing stable sponsors and the worsening financial situation in esports. Market changes and increasing competition significantly reduced the organization's profitability.

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