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Yrr
Germany804 Posts
On September 26 2014 01:22 Invasion-eSport wrote: people are more preoccupied by our funding than our project in the esport. The reason for that is, some other new teams that wanted to make a big splash out of nowhere went south pretty fast due to lack of realism. | ||
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Kevin_Sorbo
Canada3217 Posts
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Cricketer12
United States13990 Posts
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inv-Simple
France9 Posts
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Advantageous
China1350 Posts
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TheBloodyDwarf
Finland7524 Posts
On September 26 2014 01:27 boxerfred wrote: Maybe revise that post and add it to the op? Clears some things up, but not too many. "family funded for tax reasons" - can you explain that a bit further? tax avoidance? They don't want to pay so much taxes? They are "giving" money "away" so much that their tax % doesn't rise? | ||
ZeromuS
Canada13389 Posts
On September 26 2014 01:22 Invasion-eSport wrote: As we said earlier we are a brand new team on the pro scene, as we can see there is a lot of question about our funding which we find it interesting people are more preoccupied by our funding than our project in the esport. So due to the high demand i'm going to answer (if there is more questions we will be happy to talk about it) we are currently and for the past 4 months funded by a family office. You are going to ask us what is their interest in investing in esport, there is first of all the taxes reason and there is also the fact that they found compatible one of the brand they are managing with esport. The team is created in 2 division one is the community made to have fun to meet nice people, the second part is the pro section where only pros are recruited. After long negotiations, we have reached an agreement to go to the next level and got the funds to be able to hire high quality players. We are also in talking to be able to make them come in Europe. Our structure is based as an organisation with 1 president and 5 board members. Those people take all the decisions concerning the pro roaster, recruitment, budget and sponsors. We are now 12 people working for this organisation (7 players and 5 staffs). The board and the staff is working for now 4 months (holidays were there so during summer not much work was done). Our designers are working on the logo, the new website, clothes, while others are taking care of the players (looking for their needs, tournaments, booking flights, accommodation, gears, etc) and one is responsible to write future articles and is responsible of the communication of the team. We opened a have a facebook page https://www.facebook.com/invasionesport and a twitter https://twitter.com/InvEsport. We care about your funding because we have seen so so many teams and organizations crash and burn in the past leaving the players high and dry along with no money and bills to pay. | ||
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ThomasjServo
15244 Posts
On September 26 2014 01:27 boxerfred wrote: Maybe revise that post and add it to the op? Clears some things up, but not too many. "family funded for tax reasons" - can you explain that a bit further? Azubu style tax dodging? or wait, was that money laundering they were suspected of? | ||
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MrMotionPicture
United States4327 Posts
Maybe we will see more nunchuck skill though. | ||
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Circumstance
United States11403 Posts
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OtherWorld
France17333 Posts
On September 26 2014 01:22 Invasion-eSport wrote: As we said earlier we are a brand new team on the pro scene, as we can see there is a lot of question about our funding which we find it interesting people are more preoccupied by our funding than our project in the esport. So due to the high demand i'm going to answer (if there is more questions we will be happy to talk about it) we are currently and for the past 4 months funded by a family office. You are going to ask us what is their interest in investing in esport, there is first of all the taxes reason and there is also the fact that they found compatible one of the brand they are managing with esport. The team is created in 2 division one is the community made to have fun to meet nice people, the second part is the pro section where only pros are recruited. After long negotiations, we have reached an agreement to go to the next level and got the funds to be able to hire high quality players. We are also in talking to be able to make them come in Europe. Our structure is based as an organisation with 1 president and 5 board members. Those people take all the decisions concerning the pro roaster, recruitment, budget and sponsors. We are now 12 people working for this organisation (7 players and 5 staffs). The board and the staff is working for now 4 months (holidays were there so during summer not much work was done). Our designers are working on the logo, the new website, clothes, while others are taking care of the players (looking for their needs, tournaments, booking flights, accommodation, gears, etc) and one is responsible to write future articles and is responsible of the communication of the team. We opened a have a facebook page https://www.facebook.com/invasionesport and a twitter https://twitter.com/InvEsport. Well, given the current context I guess tax dodging makes sense, sadly. I wish we knew more about that family office though, because that's not a very transparent kind of sponsor. Also, if you followed what happened to quite a few teams and players in the foreign scene in the last year or so, I think you have to understand why everyone is concerned with how you're funded. I mean, the major foreign teams right now are all backed up with serious, strong and non-shady sponsors and management (Liquid, Axiom, Acer come to mind); all the teams funded by some kind of personal money all disappeared. On September 26 2014 01:39 TheBloodyDwarf wrote: tax avoidance? They don't want to pay so much taxes? They are "giving" money "away" so much that their tax % doesn't rise? Yeah, I believe in France you can benefit from taxes reductions when you donate money to either family members or to some organisations. Not sure how it works precisely though, especially with an eSports organisation. | ||
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ZeromuS
Canada13389 Posts
On September 26 2014 01:49 Circumstance wrote: Is it even possible for a team to make a splash anymore in SC2? Are we so paranoid about new people coming in to involve themselves with the scene (which is kind of important, guys) that if someone dares to sign, and give money to, one of our oh-so-precious Korean gods (read as: Any Korean we have ever heard of), we will consistently call scam until they give us a photostat of their private accounting ledger? FFS, guys. No the issue is that no team that is established and strong in the scene right now flew out of the gates with a bunch of signings and big claims for merch ALL while saying "HEY WE STARTED 4 MONTHS AGO AND WE HAVE MONEY!" A lot of the established esports brands in other games haven't transitioned to SC2 because its tough to enter the scene and its hard to make money. When teams like dignitas aren't making signings, and teams like EG aren't signing these people, then how does a 4 month old company we've never heard of sign a bunch of players? Throw in: No outside sponsorships Lots of money to sign people, wanting to fly them to Europe but no website? Merch coming but the players aren't in any tournaments/leagues. The shift of WCS to a residency requirement and Tails/TOP not being top top top players for the Korean region. None of it bodes well for the long term survivability of this team. | ||
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ThomasjServo
15244 Posts
On September 26 2014 01:49 OtherWorld wrote: Well, given the current context I guess tax dodging makes sense, sadly. I wish we knew more about that family office though, because that's not a very transparent kind of sponsor. Also, if you followed what happened to quite a few teams and players in the foreign scene in the last year or so, I think you have to understand why everyone is concerned with how you're funded. I mean, the major foreign teams right now are all backed up with serious, strong and non-shady sponsors and management (Liquid, Axiom, Acer come to mind); all the teams funded by some kind of personal money all disappeared. Yeah, I believe in France you can benefit from taxes reductions when you donate money to either family members or to some organisations. Not sure how it works precisely though, especially with an eSports organisation. In the US it would depend on how the organization was registered with the government as a legal entity, can't be too far off in France as well. TB for example technically, all players for Axiom are contractors, rather than direct employees. This affords Axiom a certain amount of leeway with their responsibilities towards the players and obligations to them at least under US law. This seems slightly more under the table than that though. | ||
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Silvana
3713 Posts
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TheAnarchy
Chile1105 Posts
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Cricketer12
United States13990 Posts
On September 26 2014 02:28 TheAnarchy wrote: It is true that SK and DRG will be joining in 5 five days, but they will still play in korea??? SK? as in the KeSPA team?DRG is staying as far away from them as possible | ||
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TheAnarchy
Chile1105 Posts
On September 26 2014 02:30 Cricketer12 wrote: SK? as in the KeSPA team?DRG is staying as far away from them as possible Soulkey left SKT and is looking to join an non kespa team same as DRG. | ||
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SuperHofmann
Italy1741 Posts
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Caihead
Canada8550 Posts
edit: had no idea if he was active the past few years | ||
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Cheren
United States2911 Posts
On September 26 2014 01:34 Cricketer12 wrote: what in the fuck is going on?! this is insane! Players are deciding that the marginal increase in performance that comes from being on a KesPA team is not worth the strict environment. Plus the crowd at GSL and Proleague is tiny and quiet compared to foreign audiences. | ||
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