Astralis is on the verge of bankruptcy, according to OverDrive

27 Comments

  1. Deeeadpool

    i mean mfs havent gotten sticker money for like 3 years

  2. ChaoticFlameZz

    eh, I don’t think it takes a genius to tell that they’ve been on the verge of such for a long while. Especially after missing out on 5 majors in a row while having expensive salaries and wasting 2 mill via an asshole tax from Heroic from a shitty duo.

    And idk who would even buy the name and org of Astralis unless there’s some Danish billionaire that wants to play with it.

  3. Ninthja

    Incredible how they got so greedy and lost it all because they didn’t understand how unheard of and rare the success of their team was. Peak mismanagement

  4. PsychologicalPea3583

    I know everyone would say is time to hate G2 for m0NESY leaving, but what you think about
    G2 dev1ce guys?

  5. selling device to G2 will probably keep them afloat for a bit

  6. do the former players still own a % of the org or did they completely sell their shares to another company when they all left?

  7. Woullie_26

    I’ll repost what I’ve said but to put it simply : OVERDRIVE IS LYING (or speculating whatever the jargon is)

    Astralis got huge funding months ago that secured them a lot of money and in any case they can always go shill for Saudi Arabia to get a stipend of money.

    And I also believe their getting government funding through a program (all though don’t quote me on that one I’m far from certain)

    Every player on Astralis is likely paid between 20-40k a month (maybe even more for device who knows) and that’s not counting coach and all the other staff members that are on the payroll.

    Trust me the major sticker capsule isn’t enough to bankroll a org of the size of Astralis and it hasn’t been the case for years it’s a nice windfall yes but in the grand scheme of things it isn’t relevant.

    You can look at their most recently financial earnings report (2023 was the last one) to see that they’re doing fine as an org oddly enough

    Here’s a tweet by bubzjki : https://x.com/bubzkji/status/1912952709734424836?s=61&t=jtc8_KwcnvoUJaxWEtPzkQ

  8. riade3788

    Aren’t they owned by RFRSH? …the owners of Blast? How can they go bankrupt?

  9. futurehousehusband69

    Funeral food tastes so good…

  10. Myglicious

    At least they purchased new practice and office space in the middle of Copenhagen🤥

  11. hansnicolaim

    Only hope now is that they fully disband so that device & staehr can find some better homes. 🙏

  12. falsa_ovis

    do Astralis have any other divisions except CS2?

  13. Dan36912

    Better to shut down this circus while there is still a chance

  14. bemorethanaverage

    Who can pull their financials from the danish stock exchange and let us know what they’re actually reporting?

  15. Did he also posted this on Twitter? Because in Russian you can’t really tell if this is a report or just a joke or something. OverDrive says something like his tweets are more credible.

  16. Lizmurigi

    Overweight is making stuff up. Astralis has lots of sponsors and there’s no way they’ve spent all the money they got when they sold their LEC spot in 2023. Their profit for that year was like 16 million EUR. If you want to know they have money, they opened a modern HQ bigger than Astralis Nexus in January. They don’t need sticker money to exist.

  17. pickletype

    I know of 5 players they could sell right now to get back in the green! (Actually, maybe only 4 are marketable)

  18. AstronomerStandard

    Oh man. not qualifying for majors for years as a roster and bankrupting your org in the process has got to be one of the worst feats u can do as a player in an org.

    Also really terrible management from astralis, the stavn and jabbi investment has completely fucked them over, not even a paycut?

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