The esports and gaming industry is abuzz with speculation that JetSynthesys, backed by Sachin Tendulkar and Adar Poonawalla, might be planning a swift exit from Jet Skyesports. JetSynthesys holds a 65 percent stake in Skyesports Gaming but has faced backlash due to alleged payment defaults to esports players and teams.
In August 2021, JetSynthesys acquired Skyesports, rebranding it as Jet Skyesports to promote grassroots esports in India. Despite their initial goals, Skyesports has struggled with financial and organizational issues, leading to criticism from the esports community.
In 2023, Skyesports organized India’s first-ever franchise-based Esports League, Skyesports Masters, but faced criticism for not having the required permissions from the Counter-Strike 2 publisher, Valve. Another industry leader suggested that JetSynthesys might want to distance itself from these controversies.
Shiva Nandy, Founder and CEO of Skyesports, denied allegations of payment defaults, stating that any issues were resolved and payments were made on time. He also clarified that Skyesports had the necessary licenses from Valve for their tournaments, and they are adjusting their formats to comply with upcoming guidelines.