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I'm really confused. I could see azubu raising a couple million to relaunch their streaming website(it's pretty good, but certain aspects really hurt it).
I did not expect a 34m investment though, unless the investors feel like they can expand it towards internet content, or netflix partnership or the like.
But I'm an engineering student, not business so what do I know...
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On March 26 2014 07:59 Zealously wrote:We should all thank this guy. I seem to recall his name popping up with Clauf and/or Azubu as well. Such benevolence.
My understanding is that Lars hasn't had anything to do with Sapinda for quite a while now. There are others who were part of the group and he was far from being the only fund-er (sp?). When he was first engaged in legal troubles he was forced to step away and others moved in to take his place. One bad apple does not a bad group make.
Edit:
In case you're interested, a quick Google search turned this up.
http://www.prnewswire.co.uk/news-releases/new-ceo-for-sapinda-group---mr-edwin-eichler-236699151.html
Apparently, Mr. Edwin Eichler holds the CEO position now.
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On March 26 2014 09:24 looknohands119 wrote:Show nested quote +On March 26 2014 07:59 Zealously wrote:We should all thank this guy. I seem to recall his name popping up with Clauf and/or Azubu as well. Such benevolence. My understanding is that Lars hasn't had anything to do with Sapinda for quite a while now. There are others who were part of the group and he was far from being the only fund-er (sp?). When he was first engaged in legal troubles he was forced to step away and others moved in to take his place. One bad apple does not a bad group make.
"Since 2009 Lars Windhorst has been the Managing Director of Sapinda UK and since 2013 Chairman of Sapinda Holding B.V. and Chairman of the Executive Committee of the Sapinda Group, as well as a significant shareholder of the Sapinda Group."
I imagine this all has to do with this "Seok Ki Kim" as well, who is also part of Sapinda
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On March 26 2014 09:10 NoobSkills wrote:
Honestly doubt all of this. How do they see return on their 34 Million? Fuck Sundance doesn't even get loans this big lol. Honestly twitch is probably the only site that could return on an investment like this and even they would take a LONG time to do so with expansion taking a huge chunk out of profit. If they weren't officially shady then, they are now.
Well... the guys behind this have quite a bit of money.
Azubu has had ties to Sapinda from it's creation, for what reason well... there are some interesting theories. I'd recommend any one interested in this, or just a fun read look at the old Azubu thread. http://www.teamliquid.net/forum/starcraft-2/406145-esports-contributor-azuwho#6.0
"EDIT 4
Everywhere Sapinda keeps popping up as the company behind Azubu, Its an privately owned investment company co-founded by Lars Windhorst. Main finances for the company came from the South-African family of Hersov to start it up. Hersov is one of the few known shareholders. "
Lars Windhorst and Robert Hersov are some interesting characters.
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This isn't sketchy at all.
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On March 26 2014 09:29 7mk wrote:Show nested quote +On March 26 2014 09:24 looknohands119 wrote:On March 26 2014 07:59 Zealously wrote:We should all thank this guy. I seem to recall his name popping up with Clauf and/or Azubu as well. Such benevolence. My understanding is that Lars hasn't had anything to do with Sapinda for quite a while now. There are others who were part of the group and he was far from being the only fund-er (sp?). When he was first engaged in legal troubles he was forced to step away and others moved in to take his place. One bad apple does not a bad group make. "Since 2009 Lars Windhorst has been the Managing Director of Sapinda UK and since 2013 Chairman of Sapinda Holding B.V. and Chairman of the Executive Committee of the Sapinda Group, as well as a significant shareholder of the Sapinda Group." I imagine this all has to do with this "Seok Ki Kim" as well, who is also part of Sapinda
Well, remember, just because he's done things that are wrong doesn't forbid him from owning anything (such as a significant share of Sapinda nor does it mean that he had to give up all of his assets). Chairman of the executive committee also isn't the same thing as being the CEO. It is a MUCH less influential position of leadership.
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Sounds like Sapinda is trying to hide a loss or something by making a bad investment with 0 return.
EDIT: Lets say you have lost $34 mill for some reason that you can't publicly explain. Say you are investing in Azubu for 35 mil, but only give them 1 mil. A few months later declare a complete loss
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On March 26 2014 09:24 looknohands119 wrote:
My understanding is that Lars hasn't had anything to do with Sapinda for quite a while now. There are others who were part of the group and he was far from being the only fund-er (sp?). When he was first engaged in legal troubles he was forced to step away and others moved in to take his place. One bad apple does not a bad group make.
Well I didn't say Sapinda is bad, I havn't made up my mind abount the company and the Windhorst guy yet. But I've read a lot of interviews and articles about him in the last hour or so and those and his own pages show that he's quite involved in the company and got a lot of noteable managers and shareholders into Sapinda. But I've also read that they invest/are shareholdes of companies, which buy land of african countries etc. and are accused of land robbery even though they of course always say they are investing into the african countries/people they bought the land of. But none of this knowledge really helps to be clear why they invested money (still peanuts for them) into esports and are still investing it.
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I don't see this ending well ...
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Honestly this looks like criminal activities disguised under esports, and if its not criminal per se its probably still some scummy grey area operation.
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On March 26 2014 09:38 LSB wrote:
Sounds like Sapinda is trying to hide a loss or something by making a bad investment with 0 return.
EDIT: Lets say you have lost $34 mill for some reason that you can't publicly explain. Say you are investing in Azubu for 35 mil, but only give them 1 mil. A few months later declare a complete loss
This was my first thought as well. Something similar just happened with the Swedish telephone company Telia.
Telia is currently under investigating for corruption and bribing. And while the lawyers were trying to find evidence they also found Telia throwing millions of dollars into legal investments that basically was a guaranteed loss.
When looking into it further they found that the actual amount that was witdrawn between the two parties was far less than what was documented. Basically they suspect that Telia used money in a way they weren't suppose to do and when they lost the money and in order to cover it up they pretended to invest money in more legal options that would net them the same loss.
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Lol, relly?
"So, forget what you think you know about Azubu. Ignore the idle speculation" Jedi mind tricks.
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I watch the LoL LCS in Azubu and for a while the mods had say that they Azubu.tv will get relaunched. Cant wait for it.
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MLG one of the most watched esports leagues doesn't get this kind of an investment all at once. Azubutv has very small amount of streamers/content/viewers, but can secure 50 million. Sure okay. Tired of people getting scammed, but actually by now if you don't know better... fool me once...
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As long as money is coming in, all good for me haha
Wonder if supernova will join them again lol
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Expecting to see torte de lini justify this somehow or stay completely silent
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On March 26 2014 07:28 stuchiu wrote:
Just when you think Azubu is out, they just come right back up!
Just like GSTL
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On March 26 2014 07:55 Waxangel wrote:
all hail the clauf kingdom
Us simpletons like to call it Claufdom.
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EPT
