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Astralis on cajunb's transfer: 'He will not have an active say in how we do our business'

by theScore Staff May 20 2016
Thumbnail image courtesy of Scott Choucino / ESL

Rene "cajunb" Borg's transfer from Astralis to Team Dignitas brought up a lot of questions considering that he is also a co-owner of Astralis and the organization posted a series of answers on Friday to address the situation.

These questions came about due to cajunb being one of the founders of the company, as well as a co-owner with shares and voting rights, a first for a major CS:GO organization. Since this is the first time that a transfer involved a co-owner for an organization, Astralis first answered what would happen to cajunb's stake in the company.

RELATED: Kjaerbye to Astralis, cajunb to Dignitas

"René has vested a small amount of his initial stake in Astralis," the organization said. "Due to the transfer he won’t, as stated in our first AMA, keep all his shares. He will retain the vested amount of shares and thus still be a co-owner in the company, however only a minority without any voting rights. He will not have an active say in how we do our business, but he will receive insights on how the business progress including budgets, sponsor agreements etc. since that’s his right as a co-owner."

Astralis clarified that cajunb will not lose any money in the transfer, though the compensation is related to his player contract and not to his investment. cajunb's replacement, Markus "kjaerbye" Kjærbye, will also "not be a co-owner of Astralis at first."

"We are always open, as we are with any employee in the company if they do great work, to give them access to ownership," the organization said. "We have an option pool that’s created for that purpose. So yes, he might be a co-owner in Astralis later on."

The team also addressed possible conflicts of interest due to cajunb having a stake in the organization while playing for Dignitas. Astralis downplayed those concerns, emphasizing that cajunb will "not directly make any money off Astralis' success."

"His stake in the company does not grant him part of the prize money won nor the sticker money (or any other money earned in the company)," Astralis clarified. "René’s shares will ultimately only be worth something when/if Astralis as a company is sold, until then they are a passive asset. But yes, there is a potential conflict of interest and we understand the concern, however René’s stake in the company is not worth a potential loss.

"Let’s take an example: If we were to face Dignitas in the major final, the potential loss for René would not be worth it. He’d lose more in prize money by getting second place, than he’d gain from his shares."

Having said that, Astralis is open to changing the situation if another party, such as Dignitas of Valve, sees a conflict.

"If Dignitas, Valve or any other directly involved party have a problem with it / thinks otherwise, we’ll revisit the situation with the involved parties," Astralis said. "We have no interest in Astralis earning wins in an unfair manner (or what could be seen as an unfair manner). That’d only backlash and harm the company."

Preston Dozsa is a news editor for theScore esports. You can follow him on Twitter.

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