TSM CEO Andy “Reginald” Dinh has released his response to the alleged pause in investment in esports. In addition, Reginald comments on CS:GO’s plans to continue.
TSM’s alleged plans have shaken the esports industry; we must consider that it is one of the clubs with the largest social mass in the world. According to information revealed by Sports Business Journal, the organization is currently experiencing a financial crisis and must pause its investment in esports.
After that information, many rumors about TSM’s current economic state arose, so the CEO has taken the trouble to respond to leaked information mainly linked to Counter-Strike.
TSM CEO says CS:GO plans continue
TSM’s CEO, through his Twitter account, has announced that the organization continues to invest in esports. Reginald says that TSM will continue in the esports sector and affirms that the organization continues its plans to compete in Counter-Strike: Global Offensive.
According to Reginald, TSM aims to enter CS:GO esports by the end of the year; however, achieving this will require a larger investment than all of its games combined.
Plans for TSM to return to the competitive CS:GO scene were first revealed last year when TSM vice president Dominic Kallas said the club would return to the game. TSM, in the past, had already featured CS:GO superstars such as:
- Nicolai “dev1ce” Reedtz
- Finn “karrigan” Andersen
Dominic Kallas revealed this information after his attempt to join VALORANT’s VCT failed.
The organization has already negotiated with BLAST Premier and ESL, so their new squad can join the most important CS:GO championships. However, Team SoloMid’s return would come in the final year of Global Offensive; Valve has already confirmed that Counter-Strike 2 will be released in the summer, and its first Major will be in March 2024.
TSM is committed to esports
We’re planning to enter CS:GO sometime later this year which is a larger investment than all of the games we’ve left combined
TSM is always evaluating what esports ecosystems are best to invest in and will continue to enter & exit games
— TSM Reginald (@TSMReginald) April 1, 2023
TSM may rely heavily on Counter-Strike to stay in the esports
TSM’s CEO has added that the company continues to move in and out of different games and always examines which esports ecosystem is better to make investments. If we consider the statements where he states that CS:GO means a big investment, Counter-Strike would become the core element of the club within esports.
Outside esports, the organization monetizes programs such as Blitz. On the other hand, there is also talk that TSM will sell its space in the LCS. This is in line with statements of significant investment. The League of Legends squad would be replaced by a new CS:GO squad, which would become the club’s most important division.
Header: TSM