That's hilarious. I'm no expert, but seems like a huge amount of money. I'm just happy they were able to stay afloat for as long as they did. RIP NASL.

hainrich

Germany144 Posts

May 22 2014 21:59 GMT

#23

They should have partnered up with claufzubu, no money problems, everything easy.

plogamer

Canada3132 Posts

May 22 2014 22:02 GMT

#24

1.6 mil? That is not a small sum. Given the recent events transpiring with regard to financial scams, I hope there is a deeper investigation.

boxerfred

Germany8360 Posts

May 22 2014 22:02 GMT

#25

oh wow. I don't have any numbers for esports, but I guess that's kind of much?

Djzapz

Canada10681 Posts

May 22 2014 22:03 GMT

#26

If people think 1.6 million isn't big for NASL they're wrong. It's a fair bit of money, especially since NASL was funded by unknown sources at the beginning, they got a free start. Plus, it's a big deficit to accumulate in such a short run. Without many avenues for profit, 1.6 million is essentially insurmountable unless someone was willing to let them borrow for future events... And that'd be a risky loan. I imagine that they had no choice to file for bankruptcy because it was not going to get better.

Micro_Jackson

Germany2002 Posts

May 22 2014 22:05 GMT

#27

I think this shows that some people (me including) overestimated the size of NASL as a business with 10 - 20 employers.

You have to remember that beeing in dept is a smart thing to do to a certain amount.

felisconcolori

United States6168 Posts

May 22 2014 22:06 GMT

#28

On May 23 2014 06:51 AKAvg wrote:

Show nested quote +

Considering the assets left by NASL... uh, that's quite alot of money no matter the way you look at it.

Also consider that liquidation of assets via auction never brings in what those assets are worth. That production truck, for example, was worth considerably more than what the auction was up to the last time I looked at it - as was most of the rest of the equipment in the auction.

Rikudou

Germany151 Posts

May 22 2014 22:18 GMT

#29

please can someone explain me how big this is? is 1.6mil sounds ALOT to me but is it really?

Wuster

1974 Posts

May 22 2014 22:27 GMT

#30

On May 23 2014 06:47 nkr wrote:
it's all in that big truck!

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.

A lot of people were skeptical when NASL was announced. Remember at the time 100k was the biggest prizepool outside of GSL and the 3rd largest prizepool wasn't even close to that amount.*

Then add in that NASL's investors were always secret, plus you had a lot of people doubting their ability to actually produce a good tournament (especially after The Clash of the Titans).

Actually, I'll be most interested in seeing if we every find out who was behind NASL financially.

* as an aside a former NASL member blamed IPL for starting the big prizepool arms race that ultimately destroyed the NA scene, but isn't NASL really the progenitor of that?

Grampz

United States2147 Posts

May 22 2014 22:30 GMT

#31

and they woulda gotten away with it if it werent for you meddling kids and the nasl sound guy!

nkr

Sweden5451 Posts

May 22 2014 22:31 GMT

#32

On May 23 2014 07:27 Wuster wrote:

Show nested quote +

I think "a lot of people" is stretching it

Mallard86

186 Posts

May 22 2014 22:39 GMT

#33

1.6 million sounds about right. 20 people at 25k a year for 3 years is already 1.5 million in salary (+/- salary/people). After that you add prize money, production truck, equipment, Blizzard's pound of flesh, venue costs, transportation and accommodations and its adds up very quickly.

On May 23 2014 07:31 nkr wrote:

Show nested quote +

I think "a lot of people" is stretching it

I think after the 1st season began it certainly turned into "a lot of people".

digmouse

China6324 Posts

May 22 2014 22:45 GMT

#34

NASL is a small company and their tournaments & productions has been in a much smaller scale since early 2013, 1.6 million is a significant amount of debt.

TT1

Canada9977 Posts

May 22 2014 22:52 GMT

#35

thats some gud asset management

entropius

United States1046 Posts

May 22 2014 22:59 GMT

#36

I imagine they could sell that soundboard and make back half of it ;-)

Usagi

Spain1647 Posts

May 22 2014 22:59 GMT

#37

Somewhat not surprised by the random fact that NASL was basod off Delaware. Im curious how California were they based their activities saw that, and how US really handles having a fiscal paradise in one of their states.

ReachTheSky

United States3294 Posts

May 22 2014 23:05 GMT

#38

Lets face it, you want a league to be successful? Day9 Casting + Top players in the world = Lots of viewers. Everything he has done draws in the most viewers.

Skynx

Turkey7150 Posts

May 22 2014 23:25 GMT

#39

Bah so much bad etiquette for eSports...

digmouse

China6324 Posts

May 22 2014 23:30 GMT

#40

On May 23 2014 08:05 ReachTheSky wrote:
Lets face it, you want a league to be successful? Day9 Casting + Top players in the world = Lots of viewers. Everything he has done draws in the most viewers.

Hm WCS Season 3 Finals doesn't seem that way. WCS Europe (and European tournaments in general) has always been better viewer-wise.