Just the value of the club.
They all spent $10 million just to get a league franchise, they spend millions of dollars a year, and they get that from investors.
I'm talking about a much bigger financial flow of korean teams. In 2021, Japanese company GameWith bought a 60% stake in Team Detonation(now DFM) for 250 million yen.
In the same 2021, DK's parent company Abyss Corp bought a 6% stake in DK through a capital increase, valued at 10 billion won. 6% of DK is more than twice as expensive as 100% of Detonation.
But that's league side, Of course they'll never be as popular on Valo as Zeta, obviously. And just because they have a lot of money doesn't mean they spend a lot on Valo. Their tier 2 players get paid as much as a convenience store cashier. DK even got in trouble for not giving their R6 team that much.
Surely you can't expect much viewers and fans. also sell bundles.... (the 3 korean teams are pretty good at selling bundles, though). That's why DFM is a partner and they're not.