The following was sent to Inven Global as a press release

The managing corporation of APK Prince, APE, announced that in order to create a ‘shareholder = sponsor’ structure and to construct a global infrastructure and operation system that is financially stable, they will be partaking in the application for the LCK franchising, and that they will be active in contributing to the advancement of the Korean and the global esports. APE stated that in order for APK Prince to be accepted into the LCK franchising, they will be actively investing the necessary manpower and the finances.

Through APK’s display of aggressive gameplay, solid drafting, and tight teamwork in Round 2 of the 2020 LCK Spring, they’ve created many buzzwords within the community, which garnered much love and support from the fans. Such qualities reflect in the match against T1 on Feb. 22nd, as it’s a match that was in the top 5 most watched match in the LCK.

In order for the team to prepare the team to be the leader amongst the franchised LCK teams, APE announced that they will be recruiting a new head for the organization, an expansion and a revamp of the managing staff, and the recruitment of a new CEO. Furthermore, they are currently in negotiations with various sponsors for the future, which will all be announced during the upcoming Summer split.

The CEO of APE, Kim Da-nam, commented, “In order for APK Prince to make it into the long-term partnership within the LCK, we will be bringing in investors in the likes of Seolhaeone, the finest resort in Korea, Ocean World, Korea’s number one leisure sports water park, and Korea Broadcasting Art School, an online educational institutional that focuses on broadcasting content. In order to multilaterally contribute to the Korean and the global esports industry, they will also act as sponsors simultaneously.” 

The Chairman of APE, Kim Ok-jin, commented, “So far, APE has worked with various investors and sponsors within a financially stable system to provide the team with various means of independent operation. In order to prepare for the franchising that requires large scale investments, we’re actively talking with various domestic investors.”

Furthermore, he stated, “With our strategic/financial investors, we will create even more revenue streams, and pour more investments for the players, the team, and the fans to fit right into the global infrastructure. We will announce more during the selection process of the LCK franchising.”