Team Spirit Manager Dmitry "Korb3n" Belov discussed the financial aspects of esports projects. As an example, he mentioned his team, Yellow Submarine. However, the specialist expressed doubt regarding Paragon Events paying $50 million for the coverage of ESL tournaments.
“Esports is a broad concept. Some aspects of it are self-sustaining and profitable, while others are not.
Let's consider the example of Yellow Submarine. Currently, it's neither self-sustaining nor profitable. However, if they manage to qualify for a Major and sell a player for a million dollars, it would immediately become profitable.
Tournament organizers are in a similar situation. If it didn't generate profit or at least break even, no one would engage in it. The figures have been greatly exaggerated. There were reports that Paragon paid $50 million for tournaments. I'll say this – it's a lie.
I don't have any inside information, but purely based on economics, it's impossible.” - Dmitry "Korb3n" Belov
In early March, information surfaced online stating that the rights to Russian-language coverage of ESL tournaments were valued at $50 million. The contract is intended for "several years."
Previously, Korb3n assessed Team Spirit's form. He does not deny that the team is in poor gaming condition. Despite numerous recent defeats, the team has no morale issues.