Louvre Agreement

The agreement also means that partner teams will receive a share of the proceeds from all ESL Pro Tour competitions, including tournaments from brands such as IEM Katowice and ESL One Cologne. In addition, partner teams ranked in the top 20 are also allowed to select slots in ESL Pro Tour events in a draft pick. The agreement calls for ESL, DreamHack and 13 first-class CS:GO teams to work together to lead the all-new ESL Pro League. Participating teams also become majority players in the league and grant them their own long-term slot. The agreement establishes a deep partnership between ESL, DreamHack and partner teams and presents teams as important stakeholders in the ESL Pro League transformation, which is taking place with a unique global division of 24 teams. The Louvre Agreement (formally the declaration of the G6 Finance Ministers and Central Bank Governors) [1] was an agreement concluded on the 22nd It was signed in Paris on 1 February 1987 and aimed to stabilise the international money markets and put an end to the continued decline of the US dollar after 1985 following the Plaza Agreement. [1] From the point of view of international relational treaties, it has been seen as a rational compromise solution between two ideal extremes of international monetary regimes: perfectly flexible exchange rates and perfectly fixed exchange rates. [2] With the weight of this concord, Esports Insider decided to speak with Ulrich Schulze, Vice President of Product at ESL, to learn more about the agreement and its structure. A revolutionary new agreement between the main CS:GO teams, ESL and DreamHack will regulate the establishment of the Pro League and the share of revenues and winnings from ESL Pro Tour competitions. Teams representing the higher level of the CS:GO professional also become majority players in the league with a long-term participation spot. In partnership with leading CS:GO teams, the new agreement establishes the ESL Pro Tour as one of the most valuable features of the global eSports business.

„The new company will use our combined strengths to pave the best path for all,“ Goossens said in a prepared statement. „We see this as a monumental agreement and a big step forward for all eSports.“ The agreement also mentions that partner teams are audited if they get consistent mis-rankings. . . .