EPT
![[image loading]](http://pnpstudio.co.kr/blog/wp-content/uploads/2010/02/pnp-70071-760x500.jpg)
Having been around for over a decade, STX Soul has been one of the most prominent teams in e-sports history, having coached some of the best Brood War and now SC2 players in history, such as Julyzerg, Calm, and most recently Innovation. The rumor of STX disbanding comes from their current financial situation, having recently filed for bankruptcy.
On June 29 2013 07:50 andyrau wrote:
Relevant to the tangent this thread has taken in the past page or two, STX Corp recently filed Chapter 15, Title 11 in the United States, which is similar to filing Chapter 11 for domestic companies.
Obviously, STX is Korean-held so they were forced to use Chapter 15 instead of 11. On that note, its (Korean) creditors may take majority shareholder because nobody was willing to buy up STX PanOcean's debt, so that subsidiary, along with the company itself, may soon be out of chaebol family's ownership.
Financial downturn during the first quarter of 2013 was caused by a global decline in demand for shipping in conjunction with the financial strain of an overabundance of unused ships.
source
Relevant to the tangent this thread has taken in the past page or two, STX Corp recently filed Chapter 15, Title 11 in the United States, which is similar to filing Chapter 11 for domestic companies.
Obviously, STX is Korean-held so they were forced to use Chapter 15 instead of 11. On that note, its (Korean) creditors may take majority shareholder because nobody was willing to buy up STX PanOcean's debt, so that subsidiary, along with the company itself, may soon be out of chaebol family's ownership.
Financial downturn during the first quarter of 2013 was caused by a global decline in demand for shipping in conjunction with the financial strain of an overabundance of unused ships.
source
Besides being reportedly having a debt over $9,000,000,000, there has been some other tidbits that people believe are signs that STX Soul could be on their last legs.
On June 29 2013 16:59 mongmong wrote:
Group A : 양희수P / Pigbaby / 8게임단
Group B : 최종환Z / CoCa / 前SlayerS
Group C : 백동준P / Dear
Group D : 박진영P / EG.JYP / EG-TL
Group E : 임재현Z / Mamuri / SK텔레콤
Group F : 지동원T / kOp / 삼성전자
Group G : 김대엽P / Stats / KT
Group H : 서태희T / Journey / SK텔레콤
ㅡㅡㅡㅡㅡㅡㅡㅡㅡㅡㅡㅡㅡㅡㅡㅡㅡㅡ
i got this from Fomos:players who made it through the qualifiers. people on fomos are speculating that GomTv intentiaonally left out STX next to Dear.... but everyone else has a team name .. interesting... I also read an article saying that STX stopped sponsoring a football team due to financial problems they are facing at the moment 0_0...
Group A : 양희수P / Pigbaby / 8게임단
Group B : 최종환Z / CoCa / 前SlayerS
Group C : 백동준P / Dear
Group D : 박진영P / EG.JYP / EG-TL
Group E : 임재현Z / Mamuri / SK텔레콤
Group F : 지동원T / kOp / 삼성전자
Group G : 김대엽P / Stats / KT
Group H : 서태희T / Journey / SK텔레콤
ㅡㅡㅡㅡㅡㅡㅡㅡㅡㅡㅡㅡㅡㅡㅡㅡㅡㅡ
i got this from Fomos:players who made it through the qualifiers. people on fomos are speculating that GomTv intentiaonally left out STX next to Dear.... but everyone else has a team name .. interesting... I also read an article saying that STX stopped sponsoring a football team due to financial problems they are facing at the moment 0_0...
On June 24 2013 14:47 Clefairy wrote:
Apparently Shuttle said on his Afreeca stream that Calm is going to the army soon because STX is about to disband
We might not get a Proleague next season if it's true because Team 8 will probably disband as well and EG-TL's participation next season isn't decided.
Apparently Shuttle said on his Afreeca stream that Calm is going to the army soon because STX is about to disband
We might not get a Proleague next season if it's true because Team 8 will probably disband as well and EG-TL's participation next season isn't decided.Again, currently these are all rumors, but seeing as STX Soul are a prominent team and have been around forever, I thought a separate thread would be good for discussion and any other news/information that could come out in the future involving STX.
