 TSR was left unable to cover its publishing costs due to a variety of factors, so facing insolvency, TSR was purchased in 1997 by Wizards of the Coast (WotC).WotC initially retained use of the TSR name for their "D&D" products, but by 2000, the TSR moniker was dropped, coinciding with the release of the 3rd edition of "D&D".Tactical Studies Rules (TSR) was formed in 1973 as a partnership between Gary Gygax and Don Kaye, who collected together $2,400 for startup costs, to formally publish and sell the rules of "Dungeons & Dragons", the creation of Gygax and Dave Arneson and the first modern role-playing game (RPG).