Saturday, May 23, 2026

TBT Enterprises Launches $1M Soccer Tournament

  • The winner-take-all, 7v7 tournament will start in June 2023.
  • Hashtag United and a team founded by Clint Dempsey are the only two teams announced.
The Soccer Tournament

The creators of The Basketball Tournament are taking their high-stakes format of sports competition to the pitch.

On Tuesday, TBT Enterprises announced The Soccer Tournament (TST) — a soccer version of its signature $1 million, winner-takes-all tournament. It is set to get underway in June 2023.

TST will follow the typical World Cup tournament structure of group play followed by knockout rounds — but it will use a 7v7 format rather than the traditional 11v11.

Like its basketball counterpart, the competition will select the field after a period of open entry, with two of the 32 teams already announced.

  • Hashtag United, the semi-professional soccer club founded by YouTuber Spencer Owen in 2016.
  • Team Dempsey, a team founded for the purposes of the tournament by American soccer legend Clint Dempsey.

“TST is an opportunity for players to show what they’ve got,” said Dempsey. “I came from the pickup culture, and we’ll be on the search for unproven talent that may have been overlooked by the American soccer system. Don’t sleep on Team Dempsey, we’re coming to win.”

“We’ve experienced a lot in our 7-year history, including FA Cup runs and league championships, but nothing like TST,” Owen said. “We firmly believe playing in this tournament means being at the front and center of an exciting evolution in football/soccer that pushes boundaries in an attempt to maximize entertainment for both the player and the viewer.”

One of TBT’s hallmarks is the use of the Elam Ending, a highly acclaimed format to end basketball games that favors a target score over an expiring game clock. TST will similarly implement Target Score Time — which will see all games end on a goal.

“Fans can expect an hour of highly skilled, electrifying, attacking football,” said TST co-founder Mike Volk. “So far, we are averaging over forty shots on goal per game, though it’s impossible to project exactly what will happen once there is a million dollars on the line.

“One thing is certain: players love seven on seven soccer for its action, flow and skill, and we believe fans will too.”

TBT Enterprises has attracted several notable partners over the years, including NBA star Chris Paul and former MLB executive Tim Brosnan.

“What drew me to the ownership group is their commitment to creating a great tournament where every minute of every game is meaningful,” said Paul, a co-owner in both TBT and TST. “The model breeds intense competition and is built for success beyond just basketball. That’s why I’m so excited to be part of the team as we launch TST, and why I expect it to have as much of an impact on the sport of soccer as TBT has had on basketball.”

This field is for validation purposes and should be left unchanged.

Sign up for
The Memo Newsletter

Get the biggest stories and best analysis on the business of sports delivered to your inbox twice every weekday and twice on weekends.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Big Money on the Line on Premier League’s Final Day

Arsenal has won the title, but millions are still at stake.

Man City’s Pep Guardiola Is Leaving: ‘Don’t Ask Me the Reasons’

The six-time Premier League winner ends his epic run one year early.
Sponsored

How Microsoft and the Premier League Are Making Fans Feel Closer to the Game

The Premier League reaches fans in 189 countries. Now, with Microsoft, it is making global fandom more personal through AI.

Close’s New UCLA Contract Has Discounted WNBA Buyout Clause

Close has been the UCLA women’s basketball head coach since 2011.

Featured Today

Texas State mascot

Mascot-Reveal Videos Are the Newest College Sports Tradition

Student mascot unmasking videos are going mega-viral.
Charlie Pliner and Nikolas Rohrmann
May 22, 2026

How 2 Brown Undergrads Became Sports Dealmakers

An experimental project turned into a permanent course and business deal network.
May 14, 2026

NFL Rivalries Are Made on the Field, Mocked in Schedule Release Videos

Every year, teams find new ways to one-up themselves (and their rivals).
Bart Swings/Falyn Fonoimoana/Avery Poppinga
May 14, 2026

OnlyFans Is Paying Pro Athletes What Their Sports Won’t

The adult-content platform is a reliable income source for niche athletes.

Fever Get Warning, No Fine Over Caitlin Clark Injury Report

A WNBA source confirmed that they were not fined.
May 20, 2026

Jannik Sinner Headlines French Open Clouded By Player Unrest

Players will walk out of opening press conferences after 15 minutes.
May 21, 2026

Caitlin Clark’s Late Scratch Sparks WNBA Injury Report Questions

The Fever said she woke up with back soreness ahead of Wednesday’s game.
Sponsored

How Microsoft and the Premier League Are Making Fans Feel Closer to the Game

The Premier League reaches fans in 189 countries. Now, with Microsoft, it is making global fandom more personal through AI.
Valkyries President Jess Smith
May 19, 2026

Valkyries President: Team’s Projected $1B Valuation Is ‘Accurate’

The Valkyries were projected to be the first 10-figure WNBA team.
May 19, 2026

NFL Moves Closer to 10 International Games—and Could Hit 11

The league builds out further its international scheduling plans.
May 19, 2026

NFL Sets Another Super Bowl Without Dates As Schedule Questions Loom

The home markets of the Titans and Vikings each landed a big event.
Mar 30, 2026; Las Vegas, Nevada, USA; Vegas Golden Knights head coach John Tortorella holds a presser after the Golden Knights defeated the Vancouver Canucks 4-2 at T-Mobile Arena. Mandatory Credit: Stephen R. Sylvanie-Imagn Images
May 19, 2026

NHL Denies Appeal for John Tortorella, Golden Knights

Tortorella was fined $100,000 and the team was docked a draft pick.