{"id":137409,"date":"2023-04-03T12:33:20","date_gmt":"2023-04-03T11:33:20","guid":{"rendered":"https:\/\/esportsinsider.com\/?p=137409"},"modified":"2023-05-09T18:27:51","modified_gmt":"2023-05-09T17:27:51","slug":"tsm-pullout-report-ceo","status":"publish","type":"post","link":"https:\/\/esportsinsider.com\/2023\/04\/tsm-pullout-report-ceo","title":{"rendered":"TSM reportedly pulling out of several titles as CEO says it&#8217;s &#8216;committed to esports&#8217;"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/esportsinsider.com\/wp-content\/uploads\/2023\/04\/TSM-with-background-large.png\" alt=\"TSM on ESL background\" class=\"wp-image-138802\" srcset=\"https:\/\/esportsinsider.com\/wp-content\/uploads\/2023\/04\/TSM-with-background-large.png 1024w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2023\/04\/TSM-with-background-medium.png 300w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2023\/04\/TSM-with-background-medium_large.png 768w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2023\/04\/TSM-with-background-1536x864.png 1536w, https:\/\/esportsinsider.com\/wp-content\/uploads\/2023\/04\/TSM-with-background.png 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Logo credit: TSM. Background image credit: ESL Gaming \/ Gabriel Kulig<\/figcaption><\/figure>\n\n\n<div id=\"esi-paragraph-67d50c4d8baf0\" class=\"esi-paragraph \">\n    \n<p>North American esports organisation <strong>TSM<\/strong> is set to pull out of \u2018several\u2019 titles, and is considering selling its League of Legends LCS slot, according to a <a href=\"https:\/\/www.sportsbusinessjournal.com\/Daily\/Issues\/2023\/03\/31\/Esports\/tsm-esports-league-of-legends-championship-series.aspx\" target=\"_blank\" rel=\"noreferrer noopener\">report by Sports Business Journal<\/a>.<\/p>\n\n  <\/div>\n\n\n<div id=\"esi-paragraph-67d50c4d8c361\" class=\"esi-paragraph \">\n    \n<p>In a subsequent post on Twitter, <strong>TSM\u2019s CEO Andy \u2018Reginald\u2019 Dinh<\/strong> did not deny the report, though highlighted TSM is \u2018committed to esports\u2019 and is still planning on entering CS:GO.<\/p>\n\n  <\/div>\n\n\n<div class=\"keep-reading \"  id=\"kr-67d50c4d8d520\">\n  <div class=\"heading\">Keep Reading<\/div>\n  <ul class=\"d-flex flex-column\">\n          <li id=\"post-134893\" style=\"order: 1;\"><a href=\"https:\/\/esportsinsider.com\/2023\/02\/tsm-multi-year-partnership-jersey-mikes\" target=\"_blank\">TSM cooks up multi-year partnership with Jersey Mike&#8217;s<\/a><\/li>\n          <li id=\"post-131324\" style=\"order: 2;\"><a href=\"https:\/\/esportsinsider.com\/2022\/11\/tsm-claims-stability-and-profitability-in-statement-after-name-sponsor-ftx-files-for-bankruptcy\" target=\"_blank\">TSM claims stability and profitability in statement after name sponsor FTX files for bankruptcy<\/a><\/li>\n      <\/ul>\n<\/div>\n\n\n<div id=\"esi-paragraph-67d50c4d8e5b9\" class=\"esi-paragraph \">\n    \n<p>Sports Business Journal reported that TSM was considering selling its slot in North America\u2019s franchised LCS league, which it has competed in since the league\u2019s creation in 2013.<\/p>\n\n  <\/div>\n\n\n<div id=\"esi-paragraph-67d50c4d8ed31\" class=\"esi-paragraph \">\n    \n<p>Following the report, TSM\u2019s CEO Dinh reassured fans via <a href=\"https:\/\/twitter.com\/TSMReginald\/status\/1642188904865619969\" target=\"_blank\" rel=\"noreferrer noopener\">Twitter<\/a> that TSM was committed to esports, though did not deny the reported claims and argued the organisation\u2019s pending entry into CS:GO was more important than its departures.<\/p>\n\n  <\/div>\n\n\n<div id=\"esi-paragraph-67d50c4d8f529\" class=\"esi-paragraph \">\n    \n<p>\u201cWe\u2019re planning to enter CS:GO sometime later this year which is a larger investment than all of the games we\u2019ve left combined,\u201d Dinh said in the tweet. \u201cTSM is always evaluating what esports ecosystems are best to invest in and will continue to enter &amp; exit games.\u201d<\/p>\n\n  <\/div>\n\n\n<div id=\"esi-paragraph-67d50c4d8fc8b\" class=\"esi-paragraph \">\n    \n<p>TSM \u2014 which in 2022 Forbes ranked as the most valuable esports organisation at $540m (~\u00a3437m) \u2014 has been going through a turbulent period after <a href=\"https:\/\/www.dexerto.com\/league-of-legends\/tsm-exits-continue-as-two-lcs-staff-members-leave-company-2094940\/\" target=\"_blank\" rel=\"noreferrer noopener\">several high-profile departures<\/a> in recent months, including its COO Walter Wang. Dinh said in a recent <a href=\"https:\/\/www.reddit.com\/r\/TeamSolomid\/comments\/11zbj1v\/kind_of_ridiculous_to_put_announcement_behind\/jddvi56\/?context=3\" target=\"_blank\" rel=\"noreferrer noopener\">Reddit thread<\/a> that TSM had \u201coverhired and expanded too quickly\u201d and was \u201cin the process of figuring multiple things out.\u201d<\/p>\n\n  <\/div>\n\n\n<div id=\"esi-paragraph-67d50c4d9047c\" class=\"esi-paragraph \">\n    \n<p>It comes after TSM was forced to cancel its <a href=\"https:\/\/esportsinsider.com\/2022\/11\/tsm-suspends-naming-rights-deal-ftx\">iconic $210m (~\u00a3148) naming rights partnership<\/a> with crypto exchange FTX following the exchange\u2019s high profile collapse in November 2022.<\/p>\n\n  <\/div>\n\n\n\n\n<div id=\"esi-paragraph-67d50c4d90c51\" class=\"esi-paragraph \">\n    \n<p>TSM said at the time it\u2019d use the money from that sponsorship to expand its presence in mobile esports, and widen its reach via new offices in Asia, Europe, and South America.<\/p>\n\n  <\/div>\n\n\n<div id=\"esi-paragraph-67d50c4d91506\" class=\"esi-paragraph \">\n    \n<p>TSM put out a statement insisting it was \u201cstrong, profitable and stable\u201d following the cancellation. Sources told Sports Business Journal in its report that the cancellation of the FTX deal was a big financial hit.<\/p>\n\n  <\/div>\n\n\n<div id=\"esi-paragraph-67d50c4d91c87\" class=\"esi-paragraph \">\n    \n<p>The esports organisation currently competes in League of Legends, VALORANT, Dota2, Apex Legends and Fortnite, amongst others.<\/p>\n\n  <\/div>\n\n\n<div id=\"esi-paragraph-67d50c4d92417\" class=\"esi-paragraph \">\n    \n<p>A potential move into CS:GO for TSM would come just as <a href=\"https:\/\/esportsinsider.com\/2023\/03\/counter-strike-2\">Valve\u2019s anticipated Counter-Strike 2 update<\/a> reignites conversation around the popularity of the game. Meanwhile, the LCS has suffered from declining viewership in recent years.<\/p>\n\n  <\/div>\n\n\n\n\n","protected":false},"excerpt":{"rendered":"<p>Logo credit: TSM. Background image credit: ESL Gaming \/ Gabriel Kulig North American esports organisation TSM is set to pull out of \u2018several\u2019 titles, and is considering selling its League of Legends LCS slot, according to a report by Sports Business Journal. In a subsequent post on Twitter, TSM\u2019s CEO Andy \u2018Reginald\u2019 Dinh did not &hellip; <a href=\"https:\/\/esportsinsider.com\/2023\/04\/tsm-pullout-report-ceo\">Continued<\/a><\/p>\n","protected":false},"author":91,"featured_media":138802,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","esi_template":"default","excluded":false,"footnotes":""},"categories":[63,70,55,106,58],"tags":[16053,13875,311],"class_list":["post-137409","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial","category-counter-strike","category-esports-titles","category-latest-news","category-lol","tag-counter-strike-2-3","tag-csgo-2","tag-tsm"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ 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