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Sbrubbles
Brazil5776 Posts
On September 28 2016 14:23 Jaaaaasper wrote: So selling out is a better term? Money goes to Naz and control of the brand goes to the group buying. Or is something drastically wrong about the basic understanding of whats happening Well, you gotta admit that "strategic partnership" sounds a lot better. | ||
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lestye
United States4163 Posts
An interview with Liquid112 about the acquisition. | ||
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Deleuze
United Kingdom2102 Posts
worries and concerns that we have had to think deeply about This sentence sticks out at me. | ||
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Liquid`Nazgul
22427 Posts
On September 28 2016 02:35 SFDuality wrote: That's one hell of an all-star investment group. I have a few concerns, but I guess for now I'll just have to take the word of Nazgul and the others that most things will remain the same and any changes will be for the better. Just to clarify, though: 1) The brand will remain Team Liquid, right? Not aXiomatic? The intro paragraph has both listed (and aXiomatic as aXiomatic eSports) so I'm a little confused. Where does Team Liquid end and aXiomatic begin? 2) The investment group has controlling interest, but how will this be exercised? Will the regular running of the professional teams under the Liquid banner be left to Nazgul and Steve? Who handles things like, say, player contracts and salary, etc.? 3) This one's not really a concern, just curiosity. I'm sure this deal represents a greatly increased budget than before. Any big projects in the works? Absolutely the brand will remain the same - aXiomatic is the company investing into Team Liquid, it doesn't replace it. They're different entities. Things like players, player contracts etc will just remain with myself and Steve as it has been the past two years. | ||
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WolfintheSheep
Canada14127 Posts
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lestye
United States4163 Posts
On September 30 2016 03:13 WolfintheSheep wrote: Wait, so is aXiomatic an investor or the majority stakeholder now? Both? They sold controlling interest to a group of investors. | ||
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Liquid`Nazgul
22427 Posts
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WolfintheSheep
Canada14127 Posts
On September 30 2016 03:18 lestye wrote: Both? They sold controlling interest to a group of investors. Well, I guess normally you wouldn't call the new owners of a company people "investing into" it. Technically, I guess it is an investment (maybe, I don't know how these terms apply in a business sense)? Just don't see why everyone keeps using this weird roundabout wording (aka. strategic partnership, investing into). | ||
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lestye
United States4163 Posts
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a_flayer
Netherlands2826 Posts
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Durak
Canada3684 Posts
On September 30 2016 00:02 Liquid`Nazgul wrote: There's definitely no changes being made to how the websites are managed, but this deal does include websites/Liquipedia they are all part of the same company. Internally each of these have always had their own divisions, staff, and management and that will remain the same. Absolutely the brand will remain the same - aXiomatic is the company investing into Team Liquid, it doesn't replace it. They're different entities. Things like players, player contracts etc will just remain with myself and Steve as it has been the past two years. Thanks for posting Nazgul: that is a very complete answer. I have always appreciated the transparency and interactivity of Teamliquid staff. And I guess that is due to a good role model at the top. | ||
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Korakys
New Zealand272 Posts
I don't know much about sports. I don't know what sports the Wizards and Warriors play for instance (the consensus seems to be basketball?). And I don't know much more than that about any esports other than starcraft. We tend to fear what we don't know, but I know Nazgul, so I will trust him to look after the website (which is my favourite community on the internet by the way). | ||
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Sbrubbles
Brazil5776 Posts
On September 30 2016 04:27 WolfintheSheep wrote: Well, I guess normally you wouldn't call the new owners of a company people "investing into" it. Technically, I guess it is an investment (maybe, I don't know how these terms apply in a business sense)? Just don't see why everyone keeps using this weird roundabout wording (aka. strategic partnership, investing into). I assume they're using the word investing because they know (or expect) that beyond putting money down for the controlling shares, the buyers will also put in new money. Which makes sense: under usual circumstances you don't buy a business just to let it keep going as usual, you buy it to leverage some advantage you have but the previous owners does not (or presumably cannot acquire as easily as you). | ||
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figq
12519 Posts
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Badjas
Netherlands2038 Posts
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TheDougler
Canada8304 Posts
On September 27 2016 23:36 BLinD-RawR wrote: same. That said I'm not rooting for golden state. I don't feel one way or another about Golden State, but I might get myself a Caps jersey now. | ||
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Malinor
Germany4727 Posts
But I really hope Nazgul knows what he is doing, even long term contracts can be terminated. Now TL is not his anymore, I don't see how this can be good. | ||
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TheFish7
United States2824 Posts
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tofucake
Hyrule19059 Posts
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Jaaaaasper
United States10225 Posts
On October 03 2016 07:11 tofucake wrote: Selling the controlling interest is literally what selling out is So is this a yes on selling out being the correct term? | ||
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