Team Impulse's COO Alex Gu announced in a report to GameSpot that both the brand and the League of Legends Championship Series team are for sale.

Despite a strong Summer Split for the team, Alex Gu has been considering selling the team up to a full month ago.  The official decision effective immediately to sell was only made within the past week, but without a solidified asking price.  

The organization is seeking a new owner and looking to complete the team transfer quickly to allow for enough time for the buyer to establish the resources and roster required for the 2016 LCS season.

 Team Impulse ended the 2015 North American LCS Summer Split in 4th place, barely failing to qualify for the Season 5 World Championship. The team was home to Season 3 World Champion Jung 'Impact' Eon-yeong.

Source

Team Impulse logo courtesy of Esportspedia.