Game-Solution, the organizers behind ESWC, have announced a bank guarantee to secure that all payments under the ESWC tournament are given to the respectable winners.......
Back in April, 2009, the owners of the ESWC brand, Games-Services, started selling off assets trying to save themselves from bankruptcy. Shortly after it was announced that they would have to cease all activity and close down. Four months later the ESWC brand was bought by VALOSC, who had hired most of the former Games-Services staff.
Late September, last year, a staggering prize pool of $200,000 was announced for the ESWC tournament in Disneyland, France. The former owners of ESWC still owed teams money, but as Games-Solution did not have any connections with the old owners they were not entitled to pay off any debt. How much the ESWC owed alone is uncertain, but together with the CPL and Clanbase/GGL they owe $274,000. ESWC is still not entitled to pay any of the debt.To secure any misdoubts about future unpaid money, Game-Solutions have now brought in a bank guarantee for $213,500 which will be paid to the respectable winners at the Disneyland event. They have also offered people to contact their lawyer firm, Fidal group, if they wish to receive an official certification of the bank guarantee.
This is not the first time a bank guarantee has been issued by event organizers, as shgOpen did the same back in 2007.
Game-Solution seems to be progressing in the right direction, and hopefully will ESWC be put back on the map in its former shape.
source: HLTV
by: Akbar Shah Khan
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