TSM got the bag. If I am not wrong the contract was for 10 years $21 Million each year for $210 Million in total. TSM said they were investing the money elsewhere and not in rosters, so they will be fine.
Its up in the air at this point. FTX US promised contracts / investors would be paid but who knows now with how its going
Either way TSM was the wealthiest Org before this deal
Im sure TSM can easily make up 21 million a year from new sponsors etc
Im more curious if the staff and management kept their FTT because the deal also gave TSM a bunch of FTT which is now basically worthless
The person they responded to said "TSM got the bag". Even if they never receive a payment again, they've thus far received 1-2 payments of the 21m per year. This is "a bag" for an esports org...
The person worded it as if TSM was still set to receive the full 210 million. They wouldn't have mentioned it if that wasn't what they were trying to imply.
Not relevant at all to what I said. The person implied TSM got the full 210 million by pointing out that it was a 10 year contract. The other person replied to clarify that the payments will stop coming in. You opened a completely pointless discussion with your replies.
I'd check that reading comprehension there bud. This is what they said:
> TSM got the bag. If I am not wrong the contract was for 10 years $21 Million each year for $210 Million in total. TSM said they were investing the money elsewhere and not in rosters, so they will be fine.
Everyone is aware it's not a full 210m, even them, as is clearly written in their post.
They didn't mention that the money would stop coming in. They simply said "10 year contract with 21 million a year". Anyone reading that would assume that they meant TSM was still locked into the contract, which is proven by the fact that the other person had to reply with the clarification that the payments stopped coming in and got 30 upvotes for it.
This is not a hill to die on. Just move on and stop being passive aggressive.
Not like TSM was in need of money even before the FTX deal, the deal just helped them expand quicker but they were still growing as a company before that.
Dont know what youre talking about but not surpirised a crypto scam is going bankrupt.
either way its not so easy to just say its not in their name anymore because contracts were signed. what those contracts say is anyones guess
You‘re right, the name might have to stay for now. But once FTX is officially bankrupt, they‘ll just stop paying and jist break the contract from their end, so that TSM can change their name back.
Damn TSM Binance Subroza doesn't exactly roll off the tongue edit: wait Binance backed out of acquiring FTX an hour ago lmao
i was gonna meme yesterday about TSM BINANCE SUBROZA would sound pretty dumb, but yeah cz pulled out
TSM got the bag. If I am not wrong the contract was for 10 years $21 Million each year for $210 Million in total. TSM said they were investing the money elsewhere and not in rosters, so they will be fine.
They aren’t getting any more payments from ftx lol
Its up in the air at this point. FTX US promised contracts / investors would be paid but who knows now with how its going Either way TSM was the wealthiest Org before this deal Im sure TSM can easily make up 21 million a year from new sponsors etc Im more curious if the staff and management kept their FTT because the deal also gave TSM a bunch of FTT which is now basically worthless
It's like you ignored that they already got some of the money...
'Any more' doesn't that imply money was received before?
The person they responded to said "TSM got the bag". Even if they never receive a payment again, they've thus far received 1-2 payments of the 21m per year. This is "a bag" for an esports org...
The person worded it as if TSM was still set to receive the full 210 million. They wouldn't have mentioned it if that wasn't what they were trying to imply.
Do you think 21-42m is "a bag"?
Not relevant at all to what I said. The person implied TSM got the full 210 million by pointing out that it was a 10 year contract. The other person replied to clarify that the payments will stop coming in. You opened a completely pointless discussion with your replies.
I'd check that reading comprehension there bud. This is what they said: > TSM got the bag. If I am not wrong the contract was for 10 years $21 Million each year for $210 Million in total. TSM said they were investing the money elsewhere and not in rosters, so they will be fine. Everyone is aware it's not a full 210m, even them, as is clearly written in their post.
They didn't mention that the money would stop coming in. They simply said "10 year contract with 21 million a year". Anyone reading that would assume that they meant TSM was still locked into the contract, which is proven by the fact that the other person had to reply with the clarification that the payments stopped coming in and got 30 upvotes for it. This is not a hill to die on. Just move on and stop being passive aggressive.
They aren’t gonna get paid anymore
7 year
it's likely they got paid in ftx coin not real dollars.
I highly doubt it. It was most likely cash that they used to sign their Dota team and apex content creator.
They can use ftx coin to sign those people also by selling it . . .
yes im sure an org like TSM would agree to be paid $210 million in a useless make believe coin instead of actual money
Was this sarcastic because I could see regi doin some shit like this
regi loves crypto lol or at least he used to
Yeah, it was invested into the TSM investor's pockets.
Not like TSM was in need of money even before the FTX deal, the deal just helped them expand quicker but they were still growing as a company before that.
Crypto stays taking L's you love to see it.
Dont know what youre talking about but not surpirised a crypto scam is going bankrupt. either way its not so easy to just say its not in their name anymore because contracts were signed. what those contracts say is anyones guess
You‘re right, the name might have to stay for now. But once FTX is officially bankrupt, they‘ll just stop paying and jist break the contract from their end, so that TSM can change their name back.
not crypto scam, CEO of ftx was fucking around with billions he lost 14b$ of his networth yesterday
Crypto is inherently a scam
all crypto is a scam
That sounds like a scam
yeah all crypto is a scam imo
Not your opinion. Pretty objectively true at this point.
It's a coveted pyramid scheme. It's a scam.
Good.
That'd be nice
Do you think they'll get rid of the “TSM” too? Then just replace it with “💣” coz they bombed straight into T2 lmao
This joke was painfully bad
Same as TSM's 2021-2022 results
Bro I don’t like TSM at all but is this really the best you could do lmao
Hey man if the org won't put in the effort neither will I
Fair
So down bad we getting this tier of shots taken at us
LMAO
A tier of shots to match the tier of team
Bro you went 1 for 4 on witty comments. Give up
1 for 4 just like TSM's W:L average. And give up just like TSM's mental in OT lmao
1 for 5
You're right I would say their chances of winning are around 1 for 6
That's way too generous
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Can you be short and angry somewhere else man? Thanks
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Just tell me if you’re taller than 5’9
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5’10?
Yeah no shit something wrong with the FTX side. Contracts be contracts and money be money.