Clarification on BLEED

#1

cloudberry

https://x.com/ValorantEsports/status/1842063072111792589

"BLEED Esports was terminated due to its failure to comply with critical reporting requirements and other key obligations under the Team Participation Agreement."

In other words, this is another The Guard-esque situation, where the organization doesn't do what Riot tells them to and are losing their spot in tier 1 as a result.

Why are we all acting like BLEED is being relegated? Why are we all saying teams that have been doing poorly are going to be kicked out of franchising? That's not at all what's happening.

#2

CarnageBTC

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Yes its definitely not due to game performance

#3

arin2016

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Imagine being the org, putting so much money in the scene just to get fucked over like this.

#6

ItzZausty

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maybe they should've complied with critical reporting requirements and other key obligations under the Team Participation Agreement if they cared about all that money

#7

cloudberry

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I mean... yeah, it sucks for them, but they didn't do what was required of them which is entirely their mistake

#4

catNmouse

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I’ve heard some conspiracies like money laundering

#8

gdamana

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would make sense all this money poured while other orgs cant pay shit is crazy sus

#9

Ultime

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This is a crazy statement lol

#17

cloudberry

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Guess what I just found https://finance.yahoo.com/news/bleed-esports-obtains-50-8m-172100676.html/

#18

catNmouse

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Not clicking on the link but isn’t that crypto related?

#19

cloudberry

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It's Yahoo Finance, don't worry
It's called an investment, but I'm honestly not sure

#25

Kim_Minjii

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Its crazy if true, in couple years bleed is signing DOTA 2, APEX, VALORANT, PUBG, R6, MLBB they like team falcon 2.0 lmao

#5

highlyte

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What could bleed be hiding so that they would be thrown out? it seems too unfair for them

#10

cloudberry

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I'm speculating that it could be another TGRD situation where they don't do what they're supposed to on time (no clue what that could be, it's just a theory)

#21

TM06Nick

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employees not being paid for a COUPLE OF MONTHS

#11

g_torrance

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"failure to comply with critical reporting requirements"
Did Bleed have some shady shit attempting to sign aspas?

#12

cloudberry

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Definitely a possibility, but it's very hard to know for sure, as this is likely between the org and Riot

#13

Saiki_taha

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Wrong. This isn;t the Guard situation, where didn't even sign the TVA and wanted to disband. This probably a case of shady stuff behind the scenes of bleed which Riot got to know of.

#14

cloudberry

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I don't mean a TGRD situation as in "we don't agree to your terms" but rather where the team fails to meet the requirements set by Riot, whatever those may be (deadlines, contracts, etc.)

#15

derptz

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Where does bleed money comes from????

#16

cloudberry

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https://finance.yahoo.com/news/bleed-esports-obtains-50-8m-172100676.html/ pretty sure this is a clue

#20

Tamag0

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https://x.com/purest/status/1842071661572440471

Delayed Salary for Months

#22

cloudberry

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Oh alright, thank you. That could explain things

#23

Dattadri_sai

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maybe this ? i hears they didnt pay their dota team

https://ulti.asia/dota2/misery-plans-a-legal-battle-in-singapore/?amp

#24

cloudberry

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It's just been leaked that a similar thing happened in their VALORANT division, so probably