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[Rumor] STX Soul could disband - Page 4

Forum Index > SC2 General
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Utopi
Profile Joined July 2010
Denmark176 Posts
June 29 2013 10:59 GMT
#61
SKT.Innovation
no.
gobbledydook
Profile Joined October 2012
Australia2605 Posts
June 29 2013 11:02 GMT
#62
On June 29 2013 19:59 Utopi wrote:
SKT.Innovation

Fantasy would be sad.
I am a dirty Protoss bullshit abuser
NicksonReyes
Profile Blog Joined May 2010
Philippines4431 Posts
June 29 2013 11:02 GMT
#63
WJS.Innovation
"Start yo" -FlaSh
MasterOfPuppets
Profile Blog Joined March 2011
Romania6942 Posts
June 29 2013 11:03 GMT
#64
On June 29 2013 19:59 Utopi wrote:
SKT.Innovation


T1 builds their Terrans from the ground up. ;p
"my shaft scares me too" - strenx 2014
Markwerf
Profile Joined March 2010
Netherlands3728 Posts
June 29 2013 11:07 GMT
#65
team 8 and STX disband is sad but if it lets PL and GSTL merge it's only for the better.

New PL with all remaining teams please and the players just absorbed by the other teams. I don't care too much about these team aspects anyway, just want to see the best competing against eachother.
BLinD-RawR
Profile Blog Joined April 2010
ALLEYCAT BLUES51449 Posts
June 29 2013 11:13 GMT
#66
T_T STX...
Brood War EICWoo Jung Ho, never forget.| Twitter: @BLinDRawR
liberate71
Profile Joined October 2011
Australia10252 Posts
June 29 2013 11:14 GMT
#67
LGIM-Innovation
Minelord Stimfestor, also known as karma.
Daralii
Profile Joined March 2010
United States16991 Posts
June 29 2013 11:14 GMT
#68
How the hell do you get 9 billion dollars in debt?
Fear is freedom! Subjugation is liberation! Contradiction is truth!
TheBloodyDwarf
Profile Blog Joined March 2012
Finland7524 Posts
Last Edited: 2013-06-29 11:17:05
June 29 2013 11:16 GMT
#69
On June 29 2013 20:14 Daralii wrote:
How the hell do you get 9 billion dollars in debt?

Building ships pays alot, but people don't pay for them alot = profit (it there is) is very small.
And they bought several shipyards from europe, never gave them any money back and now they are trying to sell them.
Fusilero: "I still can't believe he did that, like dude what the fuck there's fandom and then there's what he did like holy shit. I still see it when I close my eyes." <- reaction to the original drunk santa post which later caught on
hoemuffin
Profile Joined September 2010
United States72 Posts
June 29 2013 11:16 GMT
#70
? The bankruptcy filing was early June, for STX Pan Ocean (shipbuilding subsidiary). STX's been an absolute debacle since 2008 when shipping basically imploded. Its since rebounded a bit, but STX was/is levered to the hilt and the rebound just wasn't strong enough. As far as I know, the Korean Development Bank is the big creditor, so I don't know how hard a bargain they're going to strike, presumably the Chapter 15 bankruptcy is just done to prevent vulture funds/foreign investors from using the debt to really aggressively take apart or control the company. My guess is that if STX Soul has some sort of sponsorship agreement, they're probably just going to let it lapse, since I would guess it isn't huge in the grand scheme of things (unless I'm grossly underestimating how much it costs to sponsor a KESPA team).

In any case, without knowing all the details, its hard for me to imagine STX Soul surviving - given STX's business lines, it never made much sense to have a pro-gaming sponsorship since I'm thinking the crossover between ship buyers/shipping magnates and avid game watchers is probably not so high. All the other KESPA teams except Team 8 & EG/TL have at least non-negligible consumer facing businesses.
Zealously
Profile Blog Joined October 2011
East Gorteau22261 Posts
June 29 2013 11:16 GMT
#71
On June 29 2013 20:14 Daralii wrote:
How the hell do you get 9 billion dollars in debt?

By paying the BEST RTS PLAYER OF ALL TIME the salary he deserves
AdministratorBreak the chains
Littlesheep
Profile Joined August 2012
Canada217 Posts
June 29 2013 11:17 GMT
#72
On June 29 2013 20:14 Daralii wrote:
How the hell do you get 9 billion dollars in debt?


How did your country get 17 Trillion dollars in debt?
pro toez
Zeon0
Profile Joined September 2010
Austria2995 Posts
Last Edited: 2013-06-29 11:19:14
June 29 2013 11:18 GMT
#73
On June 29 2013 20:14 Daralii wrote:
How the hell do you get 9 billion dollars in debt?

u have to see it in relation to the size of the company


On June 29 2013 20:16 Zealously wrote:
Show nested quote +
On June 29 2013 20:14 Daralii wrote:
How the hell do you get 9 billion dollars in debt?

By paying the BEST RTS PLAYER OF ALL TIME the salary he deserves

I didnt know Fruitdealer played for STX?

+ Show Spoiler +
Or do you mean BitByBit?
Hater of MKP since GSL Open Season 2 | Fanboy of: NesTea Stephano IdrA DIMAGA MorroW ret DongRaeGu Snute SaSe Mvp ThorZaIN DeMusliM
Integra
Profile Blog Joined January 2008
Sweden5626 Posts
Last Edited: 2013-06-29 11:23:11
June 29 2013 11:22 GMT
#74
On June 29 2013 20:14 Daralii wrote:
How the hell do you get 9 billion dollars in debt?

You make large investments and then you sell them off for less money than you payed for it. And it's quite easy actually. USA as a country is amazing at this for example. It's a masterpiece in regards on how drastically debt can increase.
"Dark Pleasure" | | I survived the Locust war of May 3, 2014
GunSec
Profile Joined February 2010
1095 Posts
June 29 2013 11:24 GMT
#75
Liquid.Innovation gogo
edgeOut
Profile Joined February 2013
United States945 Posts
June 29 2013 11:25 GMT
#76
On June 29 2013 20:14 Daralii wrote:
How the hell do you get 9 billion dollars in debt?


If you are rich, you can borrow.
Fuck you Zealously! For the fuck you give to those players.
Ender985
Profile Blog Joined August 2010
Spain910 Posts
June 29 2013 11:45 GMT
#77
EG.InNoVation.LadyCall !!
Member of the Pirate Party - direct democracy, institutional transparency, and freedom of information
DidYuhim
Profile Joined September 2011
Ukraine1905 Posts
June 29 2013 11:51 GMT
#78
ST_Innovation is most likely from all the eSF teams.
liberate71
Profile Joined October 2011
Australia10252 Posts
June 29 2013 11:52 GMT
#79
On June 29 2013 20:51 DidYuhim wrote:
ST_Innovation is most likely from all the eSF teams.


Yeah they have Squirtle/Parting money to burn!
Minelord Stimfestor, also known as karma.
Big J
Profile Joined March 2011
Austria16289 Posts
June 29 2013 12:01 GMT
#80
On June 29 2013 20:51 DidYuhim wrote:
ST_Innovation is most likely from all the eSF teams.


Lol... that would be so weird, Kespa players abbandoning the ship.
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