After observing the evolving situation and following internal conversations, TSM determined that it was necessary to end its cooperation with FTX. This implies that the team will no longer be appearing on any of the game’s social media platforms, as well as on their player jerseys. The process of removing the team from these platforms could take some time.
In early November, an investigation into the company’s financial health sparked action, resulting in $6 billion in withdrawal requests in just three days. The company was forced to sell its naming rights to FTX for $210 million, and TSM FTX will now be known as TSM FTX.
Forbes earlier this year ranked Team SoloMid as the world’s most valuable esports organization, and ironically part of that $540 million valuation was his Fortnite deal. It is due to Nonetheless, the company said in a statement today that it will remain a “strong, profitable and stable organization” and that the Fortnite turmoil will not affect its business plans. ..
