The recent failure of the SGB and CNJ deal was dissected and accidentally revealed the current price of “buffaloes” on the market, causing a stir.
Although the transfer market in Vietnam has passed 2023, there is still no sign of cooling down when drama follows drama. Most especially, it is impossible not to mention that SGB’s deal with CNJ was canceled. Although the buffalo herd announced that the contract was canceled due to paperwork and legal reasons, the gaming community still had a lot of questions.
The collapse of the SGB and CNJ deal accidentally revealed the price of the ‘buffalo’ in the market
Today, the case continues to be placed at the dissection table again and reveals more unexpected details related to CNJ and SGB. Accordingly, the League of Legends community has spread the image of the article “Uncovering the failed transfer of Saigon Buffalo” on bongda newspaper.
In this article, the owner of SGB once valued this team at $500,000 (about 11.7 billion VND). Before the transaction took place with CNJ Esports, the owner of SGB also confirmed that “someone paid $400,000”.
However, this source added that the last “billion-dollar deal” at VCS when NRG Asia bought GAM Esports in May 2021, the stated price was 300,000 USD (about 7 billion VND). In terms of both commercial and economic aspects, SGB cannot bring in as much as GAM. Therefore, the price of the buffalo herd is said to be too “screaming”.
In addition, this article also mentions the history of the “buffalo” that has experienced in paperwork through many rebranding times at VCS such as Young Generation, Phong Vu Buffalo and Dashing Buffalo. Meanwhile, CNJ Esports is owned by a football consulting company and Esports brokerage JUEGO, from South Korea. JUEGO even established JUEGO Fles Vietnam Co., Ltd. in Vietnam to sign contracts with all SGB players.
That’s why the deal between CNJ and SGB was canceled because of “documentation and legality” which is also what causes many fans to discuss at the moment. As for VCS, recently this tournament has announced 8 names that will attend VCS Spring 2023 and SGB is one of them.
Photo: SGB
