EPTGravity announces the sale of their NA LCS spot
Pro scene rumor mill 2016 Pre-Season - Page 7
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Fusilero
United Kingdom50293 Posts
Gravity announces the sale of their NA LCS spot | ||
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Ansibled
United Kingdom9872 Posts
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Redox
Germany24794 Posts
The article says so at least: From what we understand, even challenger teams are getting higher salaries than the LCS standards of the 2015 seasons. | ||
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Numy
South Africa35471 Posts
On November 09 2015 01:38 Ansibled wrote: I'm not sure if the sale of all these LCS teams says good things for the LCS or bad things... I'm guessing it's just that LCS spots are really overvalued money wise so selling it off now nets you a lot more money than keeping a team in LCS ever would unless your brand becomes huge like a TSM. Baffling why the spots are going for so much money though, think it's just investors going for a gamble who don't really care if they lose a bunch. May be why the spots are so overvalued. | ||
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Gahlo
United States35150 Posts
On November 09 2015 01:05 Caiada wrote: He's stressed and is practically obligated to say it'll be better. Sounds like H2K is boned, to be perfectly honest. It also doesn't help that all the positive(as in actually picking a player up) news so far from the offseason is TSM picking up Dlift. | ||
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Redox
Germany24794 Posts
On November 09 2015 01:49 Gahlo wrote: It also doesn't help that all the positive(as in actually picking a player up) news so far from the offseason is TSM picking up Dlift. Because there is no news of player signings at all yet. All we get are the "news" about contracts runnig out thus making people free agents. Will look different soon. Although I wonder how long it will take until rosters are finalized. | ||
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EsanLOL
479 Posts
To that end, did Gravity even have any sponsors? | ||
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Ansibled
United Kingdom9872 Posts
It seems so absurd how much movement there is this offseason. | ||
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Saradin
456 Posts
Society is shifting in favour of esports growing at the moment. There was that small step forward with the French government recognizing esports as 'sports' for legal purposes a couple of days ago. And I don't think of any logical reason for the growth to stall out or reverse within the near future (I mean, barring general economic collapse). But it can lead to an interesting discussion. | ||
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bbc23
United States416 Posts
On November 09 2015 01:38 Ansibled wrote: I'm not sure if the sale of all these LCS teams says good things for the LCS or bad things... In terms of competition it's very bad. Nobody will be signing with TiP/Gravity when their owner situations are unsettled. Most of the value in those teams is in the LCS slots and so whoever does purchase them is gonna be getting a mess of a roster/infrastructure that probably won't survive past a split unless they magically develop prospects or get unexpected Koreans. It's just really strange and frustrating that they didn't try to sell these teams a month or 2 ago. Montecristo has to be doing a sigh of relief knowing his team is going to be relatively safe because of this turmoil. | ||
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Numy
South Africa35471 Posts
On November 09 2015 02:36 Saradin wrote: Growing interest from buyers tends to be a good thing. Society is shifting in favour of esports growing at the moment. There was that small step forward with the French government recognizing esports as 'sports' for legal purposes a couple of days ago. And I don't think of any logical reason for the growth to stall out or reverse within the near future (I mean, barring general economic collapse). But it can lead to an interesting discussion. Well esports has a history of going through these forced bubbles only for it to pop and collapse. I think it'll be a more positive sign if there were new brands emerging instead of people just buying/selling constantly. The only new teams that have really made it big are guys that were around before LCS and the huge spike in interest. OG I guess but we'll have to see how it is going forward. | ||
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Fusilero
United Kingdom50293 Posts
If nothing else if this means we'll finally be rid of orgs that have stayed around for way too long like Coast and Move Your Mothers I'm okay with it. | ||
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Caiada
United States3052 Posts
But they've got money and if they stay in, it's inevitable it'll be good for competition eventually. | ||
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Slusher
United States19143 Posts
just my guess. | ||
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Redox
Germany24794 Posts
On November 09 2015 03:03 Fusilero wrote: I think a notable distinction here is that previous teams like Gravity and effectively TiP were just rich kids. The current NA trend of Sacramento Kings and Immortals indicate a legitimate attempt to create something out of esports by interested investors rather than "Got money, like LoL let's do this shit" Yeah I dont think in any of the sales much of value was lost. I actually would have liked EL to sell as well but it looks like they stay. And if some rich people lose money on this so what, not my problem. Atm I worry a little that there will be big salary difference between NA and EU and EU will lose even more players. | ||
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Numy
South Africa35471 Posts
On November 09 2015 03:10 Redox wrote: Yeah I dont think in any of the sales much of value was lost. I actually would have liked EL to sell as well but it looks like they stay. And if some rich people lose money on this so what, not my problem. Atm I worry a little that there will be big salary difference between NA and EU and EU will lose even more players. It's even a problem in CSGO. NA just seems to have so much more money floating around to pay Salaries than EU. Don't know why. | ||
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Saradin
456 Posts
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Gahlo
United States35150 Posts
On November 09 2015 03:25 Saradin wrote: What were the circumstances of previous esports bubbles popping? Are the same underlying causes still present today? While not esports, bubbles in other industries have popped in the past such as the housing and dotcom bubbles and there's been many, many others. Steve tried to sell CA after they made it into LCS for a minimum of 75k a competitive year ago. Now all public number we're seeing are 1m+ as a base. That is a very, very sharp increase and only time will tell if competent hands are the ones throwing around cash. | ||
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Numy
South Africa35471 Posts
On November 09 2015 03:25 Saradin wrote: What were the circumstances of previous esports bubbles popping? Are the same underlying causes still present today? Just a lot of bad business practices. People putting in money while not getting any real returns in the hope of getting returns later. Guys like CPL hosting these massive prize pools while not really having a way to back it up or CGS trying to monopolize the CSS scene in NA with huge amounts of money with no real way to actually make any real profits. CGS is kind of like what Riot are doing with LCS it's just that Riot is fine with sinking lots of money. The problem comes when other people think it's sustainable so they buy in with huge amounts only to find out later it isn't sustainable so the whole thing collapses. Teams have also gone under due to these bubbles. MYM used to be a really respectable brand but they essentially kept paying more and more for players while there not being enough profits to justify it. The team went under then name got bought by someone else. | ||
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orzeu
Poland5205 Posts
On November 09 2015 03:16 Numy wrote: It's even a problem in CSGO. NA just seems to have so much more money floating around to pay Salaries than EU. Don't know why. Riot focusing on NA LCS, especially in early stage, streaming, logistics (way easier to get good sponsorship deal in USA), less good players in NA / no new talent = paying well. | ||
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