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TSM on the brink of bankruptcy

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Published at: 2023-04-01 08:18:53

The Esports organization TSM is on the brink of bankruptcy. According to an insider from Sports Business Journal, it may refuse rosters on several disciplines soon.

TSM's troubles began after it broke off its relationship with its title sponsor, the FTX cryptocurrency exchange. This happened in 2022 after the latter's bankruptcy. The deal was for 10 years and was supposed to bring the club up to $210 million.

It has been suggested that TSM may sell the team's League of Legends slot in LCS. Several other rosters on different disciplines could also be sold or disbanded. As a reminder, the organization opened a Dota 2 roster in January 2022. The team even competed at last year's The International.

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