On the evening of September 18, the VCS community was shocked when the owner of the Saigon Buffalo team officially announced the sale of the team as well as the participation in VCS next season. Thus, a long-time brand of VCS and one of the teams that was once considered a counterweight to GAM Esports for the championship can be considered farewell to the Vietnamese League of Legends village. Needless to say, the VCS audience immediately expressed great regret for “Buffalo Herd”.
The SGB representative announced the sale of the team and VCS competition spot
And also in the evening of the same day, the price for this team was also revealed, falling at the 900 million mark. On some VCS community forums, the content of this price includes the value of 6 players (including the players’ contracts), playing capacity at VCS, the SGB team’s fanpage, and the channel. Team YouTube. Of course, this cost does not include the cost of operating the team, or what the buyer must invest later. In short, the price of 900 million is only to buy back what belongs to SGB in VCS, excluding the SGB brand.
The price of SGB is about 900 million
But this is a shockingly low price for the VCS audience. For those who don’t know, at the end of 2019, GAM Esports spent 900 million on Palette to bring this player back from Dashing Buffalo (one of the previous predecessors of SGB itself). Considering current prices, even the current purchase price of the entire SGB team is lower than the value of the Palette alone. Worth mentioning, among the players transferred to the SGB team is Shogun – a player considered the most potential AD in VCS today since the days of Slayder and Artemis.
About 4 years ago, the price of Palette and Levi was equal to or more than a current SGB team
In addition, SGB’s current price is many times lower than the price previously disclosed in the transaction with CNJ Esports. According to information from SGB revealed at that time, the price of SGB was 400k – 500k USD (about from 9 billion to more than 12 billion). However, according to some opinions, it is possible that at that time, SGB not only sold competition spots or teams but also the SGB brand. At the same time, this fee may also include provisions on facilities and operating costs. If this is true, then the price difference is completely understandable.
The VCS community is surprised by the current low price of SGB
Many opinions have been raised around information about the selling price of SGB
There is an analysis of the current price difference and the return price of transactions with CNJ Esports
In any case, it can be said that another famous brand in the Vietnamese League of Legends village may have said goodbye. This is extremely regrettable as “Buffalo Herd” has always been considered one of the successful brands of VCS and left a lot of impressions in the worldwide League of Legends audience community.
