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Xiphos
Canada7507 Posts
"As many of our long standing readers will know, we have been investigating the collapse of NASL for some time, interviewing all involved and wondering exactly how it happened. Over the course of compiling information for this piece we obtained a letter from the insolvency company NASL used after declaring bankruptcy and it shows that things had gotten worse than perhaps anyone could have anticipated." Read more at: http://www.esportsheaven.com/news/view/64380 
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Zealously
East Gorteau22261 Posts
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Xiphos
Canada7507 Posts
How were NASL's viewership? | ||
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Kleinmuuhg
Vanuatu4091 Posts
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ragz_gt
9172 Posts
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Sawofhackness
Afghanistan183 Posts
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myxoma_strain
United Kingdom371 Posts
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myxoma_strain
United Kingdom371 Posts
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Xiphos
Canada7507 Posts
On May 23 2014 06:08 myxoma_strain wrote: the letter implies that not all prize money was paid out. Do we know if anyone hasn't been paid? Also, I was under the assumption it was blizzard that provided the prize money. Would that complicate the payout process? The cynic in me thinks that NASL might have spent those money in their production rather than paying out the players to keep their sponsors on the hook. If that were the case, then that's a whole another can of worms. On May 23 2014 06:10 myxoma_strain wrote: Also, a plain text copy would be appreciated for reference Come on now, show Richard Lewis some love  | ||
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Plansix
United States60190 Posts
As for players and prize money, it depends on who was paying it out. If they were owed money for WCS, I think blizzard would pick up the tab after the dust settles. For other events, the players may have to get in line. | ||
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Ctone23
United States1841 Posts
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myxoma_strain
United Kingdom371 Posts
On May 23 2014 06:10 Xiphos wrote: The cynic in me thinks that NASL might have spent those money in their production rather than paying out the players to keep their sponsors on the hook. If that were the case, then that's a whole another can of worms. Come on now, show Richard Lewis some love All credit to him, I just want to be able to provide the quote when someone who hasn't read it inevitably calls me out | ||
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myxoma_strain
United Kingdom371 Posts
page 2, in the middle of the big paragraph | ||
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Plansix
United States60190 Posts
On May 23 2014 06:14 myxoma_strain wrote: It has come to the Assignee’s attention that there are potential consumer claims for unpaid prize obligations which may qualify for priority claim status. page 2, in the middle of the big paragraph That doesn't necessarily mean it's a lot or any at all. It could be zero, but the attorney filing is not 100% sure, so he is leaving it out there for potential claims. | ||
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LongShot27
United States2084 Posts
On May 23 2014 06:08 Sawofhackness wrote: All respect to ventures and companies that take risks with E-sports, but it's a cruel mistress I agree, I figured they would have been multimillions of dollars in debt | ||
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LongShot27
United States2084 Posts
On May 23 2014 06:12 Plansix wrote: This was going to happen to someone on a long enough time line, I am just sad it happened to NASL. Still that's a lot of people not getting paid. As for players and prize money, it depends on who was paying it out. If they were owed money for WCS, I think blizzard would pick up the tab after the dust settles. For other events, the players may have to get in line. I think premier and challenger league are funded by Blizzard anyway, so with that I think theyre ok | ||
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qotsager
Germany585 Posts
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radscorpion9
Canada2252 Posts
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Boonbag
France3318 Posts
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nkr
Sweden5451 Posts
Also it's easy for everyone to be all hindsighthero, but the fact is when nasl was announced in the end of 2010 or early 2011, an investment like this didn't make people go "what are they doing?". People thought sc2 was the next big thing, but it ended up being LoL and Dota2 instead. Shit happens. | ||
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