Grup Mediapro's plan to dissolve Fandroid Entertainment SLU, the company behind Spain's Liga de Videojuegos Profesional (LVP), is the clearest sign yet that the group no longer sees the league as a business worth keeping. According to Palco23, the 2025 accounts say the sole administrator intends to dissolve and liquidate the company as soon as possible, with its profitable contracts moving to Grup Mediapro SLU and the affected staff's employment terminated.
The timing is what stands out. In May 2025, with Fandroid's equity below half of its share capital, Mediapro carried out a capital increase of €2.33 million to keep the company afloat, according to elEconomista. Eighteen months later the same parent is preparing to close the company and keep only the contracts that pay. Mediapro paid €22 million in 2019 for full ownership, so the group has now spent money to rescue a business and then decided it was not worth saving as a unit.
The 2025 numbers explain the logic, even if they do not justify the outcome. Palco23 reported a net loss of €1.13 million, 45% smaller than the year before, and personnel costs fell about 20% as headcount went from 182 to 52, though Palco23 did not say whether 52 is an average or a year-end figure. Revenue still fell 10.1% to €8.96 million. Equity remains negative at €683,630. Cutting staff can narrow a loss, but it does not show that the underlying league is growing.
What happens to Spain is the part that deserves scrutiny. Spain is LVP's home market, yet by Palco23's breakdown it supplies only about a quarter of revenue, with €5.53 million coming from outside the European Union. A league that is mostly a service business for international clients may be commercially rational, but it leaves domestic players, teams and fans with less reason to see LVP as their league. The Superliga's move to LastLap, after LVP withdrew from organizing it, points the same way.
My recommendation is simple: Mediapro should say plainly, before any liquidation is completed, which Spanish obligations survive and who is responsible for them. Staff affected by the collective dismissal process, which covered up to 59 workers according to elEconomista, are owed clarity. So are the teams and partners who built plans around LVP. The LVP name still appears on the website and in VALORANT Challengers Spain stages, but a brand without a clear business behind it is not a league. Until Mediapro answers the open questions about timing, transferred contracts and the Latin American subsidiaries, the honest reading is that Spain's flagship esports league is being quietly repurposed.