Dear TL netizens,
We have finished our Major tournaments budgeting, and after a number of tournaments accrued/ reserved, we have a free balance of approximately $10,000.
In 2019 the Fund has spent over $50,000; most of which is prize pool.
If you feel you need some cash for your tournament prize pool, please keep in mind eSport.fund.
Please check our website, and submit an application if you need support.
The working process is under spoiler.
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There are two core units in the Fund.
1. I am the funder and trustee. Your application first comes to my attention with two possible scenarios: I can reject an application at this stage at my sole discretion, or file to the Funding Committee.
2. The Funding Committee will then make decision to either grant funds or not. Funding is subject to 65% majority of votes. I am not a member of this Committee.
So, in simple words, I have a sole veto right, but in order to get a successful decision you need to sell your idea to a number of people, not just one. A tip: I have two of my own tournaments withdrawn by the Committee in 2019, so these are not just talking heads.
If you will get a positive decision, funding is subject to a contract with you. Your usual obligations will be: pledge to spend the funds exclusively to the subject tournament, pledge to show Fund's logo, pledge to provide financial report.