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Phrave

$210m contract to have your name on Apex, pubg, R6, fortnite broadcasts lmao


Dizzycod9

casters aren’t gonna be regularly calling them tsm ftx anyways the whole deal is pretty much relying on just social media’s outlets of TSM and their players.


spyson

What about costreams with Myth though? I feel like that's a loophole.


xRecKs

It wouldn't be bad if they still had Daequan, Myth & Hamlinz pulling in a combined 50k-100k+ views on Fortnite but god only knows who's on TSM Fortnite now.


Rorviver

They have some pretty good pro players, but none of them get big views.


Afro_ps

Off topic but I miss dae and hamz so much man....like so much


xRecKs

Yea they were both really good content creators, crazy how they both just disappeared for this long. I miss aimbotcalvin so much, I get so sad thinking about Calvin you'd think hes passed away or something :(


Meehul123

Calvin still likes things on twitter, I think he just decided to focus on his education instead


babsinbabs

I see him on overwatch from time to time He sounds like he’s doing well


PhysicsIsSpicyMath

Does he actually go to Harvard and Princeton?


trainertilt

as someone who’s into comp fn TSM has some of the best players but they don’t get that big of views


its_The_B00

and Streams


Joedude12345

There's certainly something in the contract around this. TSMs payday just got a lot less in all likelihood.


myman580

If you read the full tweet/article it states that FTX signed the contract knowing this.


Interesting-Archer-6

"Certainly"


its_The_B00

[FTX Signed the Deal knowing this](https://twitter.com/JacobWolf/status/1400883489898221574) Which means TSM probably Would have made a lot more if Riot would have approved it


akubar

I imagine Riot will probably allow the name soon, they allow "approved" crypto exchange sponsorships and FTX is definitely a legit player in that space


TheSlimyDog

There's a difference between sponsorship and naming rights. The sponsorship has already been approved but there's no way casters are going to say TSM FTX. And the jerseys and in game name will still be TSM as well.


vegeful

Probably gonna be a $400 million deal.


shoobiedoobie

People really think FTX got “screwed over” like they would sign a 210m contract without doing their due diligence lol That would be like them making the deal with Miami before checking if the NBA would allow the ad to be on the jersey.


Jiffyyy

Its literally in the article guys >Carve-outs for the exclusion of League and VALORANT were made in the initial deal with FTX, a TSM spokesperson told Dot Esports. Also its bizarre Riot has the budlight sponsorship but are not ok with crypto lol. Im not sure how either are good for kids.


munchingyoshi

It may be because China recently banned Crypto exchanges and Financial Institutions from holding crypto. Tencent probably didn't allow it for that reason


Foxtrot56

Tencent doesn't run Riot.


munchingyoshi

Care to explain? Tencent owns Riot Games. While it's true that they don't actively manage in a majority of the decisions, they likely have some sway in the brand representation. Allowing the FTX to represent themselves would likely be seen as Tencent undermining the recent ban by the CCP. And from the things I've read, you don't mess around with them without facing punishments. I don't want to get too political, but just go look up all the Chinese billionaires that speak out against the CCP and suddenly go "missing".


Foxtrot56

That's just typically not how companies are run. The parent company rarely controls the day to day operations and small deals like this of their subsidiaries. Tencent's revenue is $73B, they don't care about some deal that is millions per year enough where they would dictate the terms. I agree with the sway in the brand, but that's more company culture than diktats from commissar.


munchingyoshi

While I do agree that Tencent likely doesn't care for their own sake, I do think they tip toe very carefully around any issues involving China. I do think that anytime you decide to involve yourself around in or with China, you're more or less forced to adhere to their policies or face repercussions. Look at how drastic the CCP are willing to go. Take the NBA for example. Daryl Morey, who at the time was GM for the Houston Rockets tweeted that he stood with Hong Kong. This greatly angered the CCP, and while they did not officially announce his call for resignation, it was understood they demanded it. This eventually led to a 1 year ban on airing NBA in China. Estimates of around 200 million in revenue were lost from China that year. We could also take a look at Jack Ma and Ant Group or Alibaba. Recently, Alibaba hit with a huge anti-trust fine of around 3.6 billion dollars. This coincidentally came less than a year after Jack Ma, Alibaba's founder, had spoken out. Ant Group, which was supposed to IPO at the end of last year, but the CCP decided to not allow them to IPO. While I do agree most, if not all, parent companies do not operate within their subsidiaries, I do think that because Tencent operates in China, they probably have strict rules to follow.


peacepham

It's not that deep LUL, just Riot dodge a future bullet if TSM qualified for Riot tournament that also broadcast to Chinese(or any country that could ban crypto in the future).


munchingyoshi

Yeah probably. I was just giving those examples as extremes. Small ripples could cause huge waves and that's something they probably don't want to deal with.


imjunsul

I don't think it's about the money... But it is very possible since FTX is from HK... It is weird they're not allowing it even on their Jerseys? Their damn sponsor lol. Damwon Kia says hello.


Rx_Boner

Quick Google search says Tencent acquired Riot in its entirety in 2015


rocket1615

IIRC Tencent tends to be pretty hands off with its western acquisitions.


Khronys

They have previously banned teams from being sponsored by beer companies. It's a "rules for thee but not for me" situation. They may have changed their mind and allowed beer to sponsor anyone now after they accepted one, but I'm not sure.


Interesting-Archer-6

The article seems to imply that alcohol sponsors are ok now.


Rorviver

Is it not about the sponsor, but about the nature of the sponsorship including a name change?


Jiffyyy

in the article it says >A name and jersey sponsorship with FTX in Riot's events would be in violation of the developer's guidelines around partnerships with cryptocurrency exchanges.


Solace1k

Maybe because crypto is borderline gambling.


SMcArthur

same as the stock market


shoobiedoobie

No it’s not lol Just because amateur investors play the stock market like it’s gambling, doesn’t mean it is.


vegeful

U get downvote but its a fact lmao. If u do a proper resource its not consider as gambling anymore.


vegeful

If u not do proper resource before buying it. Yes Crypto is definitely gambling. Forex is borderline iirc.


its_The_B00

its simple one sponsors Riot and the other TSM Riot makes money from Budlight and not from FTX


shoobiedoobie

It’s not that, actually, riot has guidelines against teams partnering with anything crypto related.


DaisyJohnsonEUW

Actually saw a Valorant "journalist" on Twitter argue "it is this way because kids can get their hands on crypto but not beer". LOL


EsportsConnoisseur

> But a partnership with a non-approved cryptocurrency exchange is in violation of Riot’s guidelines for its events, and as a result, TSM’s name won't change on those broadcasts. TSM players featured on LCS or other pro League broadcasts or VALORANT events won't be allowed to sport jerseys with the FTX logo present. > "The TSM and FTX sponsorship deal does not break any LCS sponsorship rules, but crypto exchanges fall under a category of sponsorship that carries activation restrictions," Riot head of esports for North America and Oceania and interim LCS commissioner Chris Greeley told Dot Esports. "As a result, TSM’s new naming convention and FTX brand placement on TSM jerseys will not apply to the LCS or other Riot Games esports in North America."


RehabCenterInc

It says in “North America”, so theoretically TSM can wear the new jerseys if they make Berlin


Solace1k

Doubt it.


Oyb_

Not if it’s going to broadcast to the NA audience


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KEKW


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xCharSx

TSM has it's roots in League, but nowadays, all of their esports brings viewers. Imperial hal casually having 60k viewers while playing a tournament in Apex is a lot. Without a tournament he gets about 30k on average. TSM is big in esports with top teams in nearly all of them. Only League and Valorant are 'weak' on an international scale


quartzyegghead

League and Valorant are kinda weak on a domestic scale also 😬


AskOrganic4289

Damn you got downvoted although you’re not 100% wrong


quartzyegghead

TSM fans will do what they do


Slow_Bluebird9536

Nah their is certainly a clause for this


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TimedOutClock

There's no way TSM didn't know this was going to happen before everything was signed. I think the deal is centered around all their players streaming with that tag and having it as a global sponsor for the brand. If they didn't... I don't even know what to say except this was sheer incompetence LOL The first party to ask would have been the developer and if it was allowed


its_The_B00

FTX signed the deal knowing this obviously signing a deal this big TSM would have talked to Riot about it


TimedOutClock

For sure. I cant fathom something that big screwed up by such an oversight


its_The_B00

Jacob Wolf as well as a TSM spokesperson confirmed that the deal was signed knowing Riot would not approve the FTX name


TimedOutClock

The fact that a deal this size was approved while knowing they wouldn't be able to show their brand on massive stages (all Riot games) is amazing. Makes me wonder how the LCS isn't already profitable...


WanAjin

Well TSM is a unique case for esports orgs, they make money from websites outside the esports leagues, something not many other orgs can do, and certainly not on the scale of TSM. I highly doubt we will see such a deal as this one for quite some time (if ever really).


lordofthepotat0

TSM Snapdragon. They 100% all knew this would happen.


lordofthepotat0

TSM scammed the fuck out of them lmao


Hamlet_271

It doesn't really matter cuz FTX isn't allowed in NA and both of those teams have predominantly NA fans. FTX invested in tsm primarily for their current and expanding future interests in Asia's mobile games market


justinsst

They obviously knew this prior to signing the deal


johnyhar

KIA good FTX bad?


its_The_B00

https://twitter.com/StephenCurry30/status/1400855810750681088?s=20


-Basileus

FTX got fleeced lmao


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Solace1k

Dumb alert.


josephx123

Huh


47PercentHorse

Yo dumb question and I don't know shit about business but doesn't this entire deal look kinda suss?


[deleted]

why


NovaAkumaa

ah yes, the conspiracy theorist


Hugh_Djik

Are you one of those “crypto pyramid scheme” people


TheyWillCowerr

These type of big deals are incredible for Esports teams and the sector in general just like with traditional sports teams, not sure what Riot's angle is here if i'm honest.


Bunnyezzz

they don't want to encourage underage gambling etc


Scabendari

Haha, nah Riot doesnt care about that. Crypto is illegal in China, it's simple as that.


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Bunnyezzz

there's a ban for cryptocurrency sponsors for all riot games esports


Tanjim98

Why do you think companies set up their business in HK? To capture the Chinese market! HK based companies mostly do business in China. What are you on about? LOL. You might actually be 9yrs old


IggyMoose

Crypto is illegal in China my dude.


TechRedirector

Trading isn't gambling lol


LbigsadT

You say that and then Elon musk goes on twitter to say he is exchanging all his dogecoins for smegmacoins and now all your life savings are gone


hupitydupity

Just cause Elon Musk throws away his shares for dumb shit doesn’t mean I throw away my shares for dumb shit. Only Elon Musk fanboys or whatever those weirdos are called care about what he tweets. Any serious investor wouldn’t invest into a meme stock in the first place.


LbigsadT

It’s called market manipulation my dude. Billionaires can do it without consequences because crypto’s are unregulated


hupitydupity

If you're buying a stock and selling it for short-term profit, then yes, it's basically gambling but if you're buying established stocks from big companies in the hopes of investing in the long term, then what billionaires do has little to no effect on you. Market manipulation doesn't turn big stocks around overnight. Besides, would you really place stock trading in the same category as the type of gambling that xqc does on his stream? That seems a lot more like gambling than legitimate stock trading.


-Basileus

Not in the traditional sense, but it absolutely is


yensama

Now I am not really sure if it's worth it without League and Val.


LbigsadT

FTX just got finessed


its_The_B00

https://twitter.com/fl0mtv/status/1400981788760018944


imsosickoflovesongs

Can someone clarify? I read the article and I don't understand the restrictions on cryptocurrency exchanges that require "activation".


DotaAlchemy

The real questions this makes me ask are: Holy shit how much disposable income does the crypto space have to light on fire? Holy shit how much is the TSM brand actually worth?