Former NBA star Rick Fox is the proud owner of a new eSports team after reportedly paying $1m to purchase the League of Legends side Team Gravity.

Rick Fox has treated himself to an early Christmas present after spending a million bucks on an eSports franchise.

The former Boston Celtics and LA Lakers star dished out seven figures to acquire the League of Legends (LOL) team Gravity Gaming. The team, formerly called Curse Academy, will be rebranded as team Echo Fox.

Echo Fox will compete in the North American League of Legends Championship Series (LCS). The event, formerly known as the Riot Championship Series after the games creators Riot Games, features two leagues of 20-teams, one from North America and one from Europe. The top three teams from each league compete in the League of Legends World Championships.