[Grisham]

The world's biggest esports company is 'consulting legal counsel' over FTX bankruptcy

TSM signed a $210 million sponsorship deal with cryptocurrency exchange FTX in 2021.

www.pcgamer.com

 

[CAB_Life]

"We are stable and profitable..." (But consulting legal counsel cause reasons and stuff—not because we evaporated all our equity in a Ponzi scheme run by a meth-head orgy instructor and a hobbitess.)

 

[CloudNull]

Bankman strikes again

 

[Zefah]

Man... eSports and Crypto.

What a real marriage of dog shit and vomit.

 

[AJUMP23]

Someone told me F1 Mecedes had FTX as a major sponsor.

FTX guy needs to go to jail.

 

[Snes nes]

e-sports is a bubble that will pop in the near future. They are getting way too much money for what their worth which is barely jack. Anyone can be good at a video game very few can be exceptional as with anything else.

 

[zebraStraw]

Hopefully this destroys esports. Esports are a curse upon gaming.

 

[Cravis]

"Fund not federally insured"

There saved them some money on legal counsel.

There's risk involved in investing stocks and crypto.

 

[Dacon]

I hope this FTX shit blows up and incriminates dozens of high profile individuals.

I know it won't though.

 

[CloudNull]

Esports will be fine and it will continue to grow at a rapid pace.... TSM on the other hand.... I could see them going under as they got denied from the Valorant league for a reason and I have heard they have shit financials.

 

[Zefah]

I hope this FTX shit blows up and incriminates dozens of high profile individuals.

I know it won't though.

Epstein Island 2.0, basically.

 

[Dacon]

Epstein Island 2.0, basically.

So yeah, nothing will happen.

 

[Ascend]

Anyone that ever heard SBF talk and still believed in him is a fucking moron.

Pick anywhere randomly in the video, and see how long you have to wait before he finishes one sentence.

 

[Mickmrly]

e-sports is a bubble that will pop in the near future. They are getting way too much money for what their worth which is barely jack. Anyone can be good at a video game very few can be exceptional as with anything else.

To be honest its a lot like normal sports. People throw a ball and somehow governments need to throw millions of dollars at them to buy stadiums, they need sponsors and they also charge a crap load of money for tickets while also raking in money from coverage deals.
In my area of Western Australia, the local council spends around 30% of its budget on sports stuff and the state government is spending 10s of millions on a new stadium as well. Its not so much about the game as it is about all the sources of funding.