Esports org TSM is “consulting legal counsel” following FTX bankruptcy
Esports organisation Team SoloMid, better known as TSM (or TSM FTX), is “consulting legal counsel” following the bankruptcy of a major sponsor – cryptocurrency exchange platform FTX.
READ MORE: Jake ‘Boaster’ Howlett is putting on a show
As reported by the New York Times, FTX was paying TSM £17.6million ($21million) per year for 10 years, as part of the sponsorship deal that led to the organisation adopting the “TSM FTX” branding. Speaking at the time of the deal’s announcement, former FTX CEO Sam Bankman-Fried compared…