The world’s biggest esports company is ‘consulting legal counsel’ over FTX bankruptcy

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Team SoloMid, one of the most successful esports organizations in operation, is better known as TSM. But it’s officially known as TSM FTX, thanks to a $210 million naming rights deal signed in 2021 with massive cryptocurrency exchange FTX—and yes, that’s the same FTX that collapsed into bankruptcy (opens in new tab) last week.

The terms of FTX’s sponsorship deal called for it to pay $21 million per year to TSM for 10 years, according to a New York Times (opens in new tab) report, a major…

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