this org never won anything, why they have so much money
People are really clueless about how money works in esports
Next to 0 esports orgs are or ever have been turning a profit
They are all VC funded- very rich people who throw out hundreds of millions of dollars on something that they think will eventually be able to turn profit
Most orgs for a long time have been hemorrhaging that initial money - paying insane salaries to pros and content creators and trying to build winning teams and acquiring fans with the goal of profiting off of them "eventually" - through merchandise and sponsorships or franchised league esports (very few of which are profitable)
That bubble (among many other VC funded startups in other industries) has been popping - that's why there are layoffs in a lot of orgs, spending cuts, not re signing content creators, etc.