TSM Hopeful Of Counter-Strike Return Despite Financial Woes

The group is dedicated to ending its six yr Counter-Strike hiatus in 2023

TSM CEO Andy “Reginald” Dinh has reaffirmed his firm’s intentions of re-entering the Counter-Strike scene earlier than the yr ends. He made the announcement on Twitter and careworn that TSM are all the time exploring funding alternatives throughout the esports realm. 

TSM is dedicated to esports

We’re planning to enter CS:GO someday later this yr which is a bigger funding than all the video games we’ve left mixed

TSM is all the time evaluating what esports ecosystems are finest to put money into and can proceed to enter & exit video games

— TSM Reginald (@TSMReginald) April 1, 2023

The group had expressed their curiosity in assembling a CSGO roster again in October. They’d claimed they received in contact with BLAST and ESL to debate how they might put collectively a profitable CSGO roster in Europe “via long-term partnerships”. 

The announcement has shocked some esports fans because it comes on the again of a latest Sports activities Enterprise Journal report that insisted TSM are contemplating abandoning a few of their esports ventures as they’re going via extreme monetary hardship. 

Following rumors of TSM presumably eliminating a number of rosters, Reginald has mentioned the Org remains to be dedicated to esports

And re-affirms that TSM will probably be getting into CSGO once more in some unspecified time in the future this yr 👀 pic.twitter.com/nUS0xW2jLT

— Jake Fortunate (@JakeSucky) April 1, 2023

Sources have informed SBJ that @TSM will probably be “pausing” esports efforts with a number of groups and that its #LCS crew might be on the block or moved. #Esportshttps://t.co/HOnOtnjRmE

— Kevin Hitt (@Kevin_Hitt) March 31, 2023

TSM’s funds took a giant hit final yr following the infamous FTX crash. The cryptocurrency alternate had signed a $210 million USD sponsorship take care of TSM. FTX’s collapse imply that cash was no longet coming to the crew, however TSM downplayed the attainable influence of the incident. They declared that their funds have been secure they usually have been wanting ahead to a profitable 2023. 

TSM, nonetheless, have taken off their Rainbow Six: Siege crew from the shooters league circuit in February, which was principally seen as a cost-cutting act. Based on rumors, they’re about to drag the plug on a lot of their different groups throughout varied video games. 

TSM disbanded their North American roster in 2017, which had gamers like Sean “⁠seang@res⁠” Gares, Russel “⁠Twistzz⁠” Van Dulken, and Pujan “⁠FNS⁠” Mehta. Earlier, that they had a Dane-only lineup that includes distinguished names like Peter “⁠dupreeh⁠” Rasmussen Finn “⁠karrigan⁠” Andersen, and Nicolai “⁠system⁠” Reedtz. That squad reached the highest of the rankings and added 5 LAN trophies to TSM’s cupboard. Regardless of the crew’s huge success, they break up up after reportedly falling off with the TSM hierarchy over supervisor Frederik Byskov’s dismissal.