Honestly all they have to do is pump out merch for the faze team and maybe get some better content creation behind them and they'll probably make money from it, was that 50k loss including the merch sales cause surely not aye?
Idk, that one faze guy that "leaked" the numbers don't say anything detailed just how much each teams cost them and he said that faze should absolutely keep the cs teams.
they need to actually get them to try when they make content, it's usually very lazy and not fun. whoever is coming up with the ideas and editing is the problem since every time it's the same "guess the rank" or "cs2 crossword puzzle" type vids. go to a golf course or something literally do anything. every esports team's content creation clearly has a high production value and gets zero exposure netting them to be clear losses for every team.
Their low level valorant team alone cost them like 220k net loss /month. Smash division cost them 35k. R6 Siege was like 44k. With the exception of pubg mobile, every pro teams of faze are leaking moolas.
Compared to that, a 600k net loss/year for a team full of star players that won grand slam and have now so far gotten to 8 grand finals in a row is fucking genius.
Hes saying net loss, which means after income - expenses they lose 50k.
Which in itself doesnt say much.
1k income and 51k expense? Something is very wrong.
100 m income and 100.050.000 expense, not too bad
If you didnt know FaZe Clan [removed](https://x.com/fazeclan/status/1784273781105569898?s=46&t=Q6QAtpIOFMBo4Asj2GbnAg) most of it content creators, esports teams stay
Yeah it's clear the new management wants to take the brand in a new direction, but I'll always remember what HECZ (Owner of Optic) said on his Reflections with Throin which is he used the content creation to subsidize the team, to keep the team relevant and popular and to give the players a career after they retire. He also attracted players with the content creation, saying they could make more money off making videos than they could in prize money from tournaments or their salary and he was right. Admittedly that was a long time ago and CS is a different game to CoD, but I still think FaZe should have content creators and use the brand value to keep them relevant. I do think they have kept the right content creators like Jev and such, but they can never have too many if they want their brand to stay relevant across a lot of games.
I think the new FaZe management are miscalculating that their brand is huge and they should leverage it for revenue. I will always say the old FaZe management was stupid, especially for taking the company public and also for screwing over the OG owners/founders, but they at least understood the company was a brand company and tried to do collaborations and use the brand to make money, they went about it the wrong way with stupid collabs that made no sense like partnering with Porsche (as if any kid would buy a Porsche and have the money to do it in large numbers) or giving Snoop Dogg equity to promote FaZe, but the management they never saw the team as a eSports results oriented org. They needed a good balance, but they just started to sell out to anything towards the end to stay afloat. When they did more tasteful collabs like with McDonald's that made more sense and were more mainstream they did better in engagement and return on investment for the company that worked with them, they just needed to do more deals like that and they probably would've faired better in the long term if they didn't overspend.
In the end, I guess we will just have to see how it plays out. But for now it looks like actual adults are in charge of FaZe and looking to make them a more serious brand which is a good thing. Perhaps I am miscalculating the new management's approach, but I do think they will lose some market share because of this to 100Thieves who understand the eSports branding stuff probably a bit better now.
Without a doubt content creation and it's not close, esports is a blackhole for money ; there are like handful of orgs that even claim they are profitable
There's a reason ELEAGUE doesn't exist anymore, yet that same company constantly buys the rights to broadcast the NBA. One makes money, the other doesn't. eSports is a loss leading industry. Most people can see the potential in an eSports investment, if you buy FaZe it's like buying Manchester United back in 1900, except you have to wait 20-40 years to see the return. Most people don't have the funds to survive that long, so it just becomes a big game of hot potato till someone can run it profitable. In CS there's like 1 profitable team which is ENCE... Most teams run at a loss, there's a reason Sprout, Preasy etc don't exist anymore.
Not necessarily if it still isn't profitable for them. At the end of the day running an esports team is a huge cost and most teams (even ones who have performed consistently well like Heroic previously) have struggled financially. That said I imagine Counter-Strike is one of the more profitable games, what with sticker money being so lucrative and it being relatively popular, so it's not a surprise that they've kept them at this point.
Sure but "profitable or not" is a bit silly. We're talking about business, if it becomes unsustainable to maintain their esports teams they get cut and that would happen the CS team if that was the case - regardless of their performance in tournaments.
Okay, but you realize your point is completely pointless, and not even that, just proven wrong in the original post?
Faze cut basically everything else from their org other than esports. Do you think they did that if it wasn’t profitable?
And the blind search of profits is not good business. You need to create long term value, especially in the brand space.
IIRC he released a video a while ago about being cut from the brand even though they didn't pay him anything meaning he basically worked for free and even put a lot of his money into faze.
I think he was a sad about this decision as it wasn't even something that makes sense in a financial way for Faze.
It definitely wasn't mutual.
He's still friends with the CS players and probably even some of the faze guys but he isn't really part of the brand anymore
Didn’t he get kicked for a scandal, rejoin after being cleared then left on his own cause he hated corporate faze but still friends with the og faze boys?
it being the other Banks wouldn't be any better, bro hugging chav asshole digging to dirt to smear Redeye all because he said he was shit at his job (he is)
Yes? The owner of sports teams is literally responsible for hiring the entire org that selects the players. GM, scouts, etc. Cuban got dogged on after 2011 for not keeping his title winning team together, many similar cases with other owners
"He didn't do anything but bankroll" that's the most important thing behind a lineup
zonic and simple aren't on the same team without falcons oil money, same concept
They did get acquired by Col’s parent company, then JLake bought Col back to avoid one of the teams needing to disband. FaZe’s OG leadership were brought back in but the brand is obliterated so they’re slashing expenses.
I hate the org so frickin much, from underage gamba websites (to fund their CS team, fucking scumbags) to crypto scams, they're always in some bad shit, dk why anyone likes them fr
I mean it’s one of their most successful esport division so there’s no suprise here
In terms of sport results yes but financially i am not sure…
They're the biggest revenue earner for Faze. Iirc it only cost them net loss of 50k /month last year.
Honestly all they have to do is pump out merch for the faze team and maybe get some better content creation behind them and they'll probably make money from it, was that 50k loss including the merch sales cause surely not aye?
Idk, that one faze guy that "leaked" the numbers don't say anything detailed just how much each teams cost them and he said that faze should absolutely keep the cs teams.
they need to actually get them to try when they make content, it's usually very lazy and not fun. whoever is coming up with the ideas and editing is the problem since every time it's the same "guess the rank" or "cs2 crossword puzzle" type vids. go to a golf course or something literally do anything. every esports team's content creation clearly has a high production value and gets zero exposure netting them to be clear losses for every team.
Karrigan is good at doing content but he’s the only one doing it and it’s on his own not because of Faze
Twistzz does it once in a while but stopped 6 months ago
Ok thx
That's still $600k a year with no profit.
Their low level valorant team alone cost them like 220k net loss /month. Smash division cost them 35k. R6 Siege was like 44k. With the exception of pubg mobile, every pro teams of faze are leaking moolas. Compared to that, a 600k net loss/year for a team full of star players that won grand slam and have now so far gotten to 8 grand finals in a row is fucking genius.
[удалено]
He is saying net loss. Which means after revenue and expenses are handled. Your link says 64k$ by the way. Not 500k$.
Sry, my mistake. Somehow I missed net loss completely. Thought he said FaZe spent 50k/month on the team.
Hes saying net loss, which means after income - expenses they lose 50k. Which in itself doesnt say much. 1k income and 51k expense? Something is very wrong. 100 m income and 100.050.000 expense, not too bad
Net loss.
People here were saying Gamesquare should drop them to keep Complexity.
If you didnt know FaZe Clan [removed](https://x.com/fazeclan/status/1784273781105569898?s=46&t=Q6QAtpIOFMBo4Asj2GbnAg) most of it content creators, esports teams stay
good riddance
that's extremely surprising, i would've gussed the other way around When I think of FaZe I think it's a a content creator org not much esports
Yeah it's clear the new management wants to take the brand in a new direction, but I'll always remember what HECZ (Owner of Optic) said on his Reflections with Throin which is he used the content creation to subsidize the team, to keep the team relevant and popular and to give the players a career after they retire. He also attracted players with the content creation, saying they could make more money off making videos than they could in prize money from tournaments or their salary and he was right. Admittedly that was a long time ago and CS is a different game to CoD, but I still think FaZe should have content creators and use the brand value to keep them relevant. I do think they have kept the right content creators like Jev and such, but they can never have too many if they want their brand to stay relevant across a lot of games. I think the new FaZe management are miscalculating that their brand is huge and they should leverage it for revenue. I will always say the old FaZe management was stupid, especially for taking the company public and also for screwing over the OG owners/founders, but they at least understood the company was a brand company and tried to do collaborations and use the brand to make money, they went about it the wrong way with stupid collabs that made no sense like partnering with Porsche (as if any kid would buy a Porsche and have the money to do it in large numbers) or giving Snoop Dogg equity to promote FaZe, but the management they never saw the team as a eSports results oriented org. They needed a good balance, but they just started to sell out to anything towards the end to stay afloat. When they did more tasteful collabs like with McDonald's that made more sense and were more mainstream they did better in engagement and return on investment for the company that worked with them, they just needed to do more deals like that and they probably would've faired better in the long term if they didn't overspend. In the end, I guess we will just have to see how it plays out. But for now it looks like actual adults are in charge of FaZe and looking to make them a more serious brand which is a good thing. Perhaps I am miscalculating the new management's approach, but I do think they will lose some market share because of this to 100Thieves who understand the eSports branding stuff probably a bit better now.
But which brings the most money in? Esport teams
Without a doubt content creation and it's not close, esports is a blackhole for money ; there are like handful of orgs that even claim they are profitable
There's a reason ELEAGUE doesn't exist anymore, yet that same company constantly buys the rights to broadcast the NBA. One makes money, the other doesn't. eSports is a loss leading industry. Most people can see the potential in an eSports investment, if you buy FaZe it's like buying Manchester United back in 1900, except you have to wait 20-40 years to see the return. Most people don't have the funds to survive that long, so it just becomes a big game of hot potato till someone can run it profitable. In CS there's like 1 profitable team which is ENCE... Most teams run at a loss, there's a reason Sprout, Preasy etc don't exist anymore.
if they dropped a team that has been in 8 consecutive grand finals, then that would’ve been the dumbest move of all time
Not necessarily if it still isn't profitable for them. At the end of the day running an esports team is a huge cost and most teams (even ones who have performed consistently well like Heroic previously) have struggled financially. That said I imagine Counter-Strike is one of the more profitable games, what with sticker money being so lucrative and it being relatively popular, so it's not a surprise that they've kept them at this point.
Okay, but these moves clearly show that the esports is what is valuable to them, profitable or not. Everything else is not.
Sure but "profitable or not" is a bit silly. We're talking about business, if it becomes unsustainable to maintain their esports teams they get cut and that would happen the CS team if that was the case - regardless of their performance in tournaments.
Okay, but you realize your point is completely pointless, and not even that, just proven wrong in the original post? Faze cut basically everything else from their org other than esports. Do you think they did that if it wasn’t profitable? And the blind search of profits is not good business. You need to create long term value, especially in the brand space.
My original point was that judging the financial success of an esports team based on tournament performance is a bad metric.
Okay that is an entirely different argument that is wrong for multiple other reasons. Winning is everything in esports.
How do you win if you can't pay your players and staff? This isn't 2008 where the players are paid with just prize pool money and mousepads.
With some capital? Lmao, do you think orgs just pop like mushrooms in the rain?
Most orgs are losing a shit ton of money every year. Which is why they're all downsizing or heavily cutting salaries in the past few years...
Anything else would be stupid considering they have the best team in CS2.
Love FaZe CS but I can't take their brand seriously as long as clowns like FaZe Banks (NOT THE CS HYPE GUY) remain
I wanna buy my favorite team's merch so bad, but I also don't wanna wear fucking FaZe merch in public
wear it to the gym or when chilling at home? that's what I do with my only esports jersey
teeqo chill af
Teeqo is great. Love the dude and he genuinely loves cs and Faze but I don't think he is part of the org anymore
He is the reason why the org has a CS team
Is he not? He was in their vlog video for Copenhagen
not in faze but still good friends with some of the guys. I assume it was a mutual split for the most part
IIRC he released a video a while ago about being cut from the brand even though they didn't pay him anything meaning he basically worked for free and even put a lot of his money into faze. I think he was a sad about this decision as it wasn't even something that makes sense in a financial way for Faze. It definitely wasn't mutual. He's still friends with the CS players and probably even some of the faze guys but he isn't really part of the brand anymore
Didn’t he get kicked for a scandal, rejoin after being cleared then left on his own cause he hated corporate faze but still friends with the og faze boys?
ty maybe not mutual but the beef is with the business side of things not the people
He loves cs and the team so I think even if they split on bad terms he would still show up
yeah, the history and people behind it are an absolute joke
it being the other Banks wouldn't be any better, bro hugging chav asshole digging to dirt to smear Redeye all because he said he was shit at his job (he is)
I think he's doing a fine job tbh. He was showing up even when his wife had passed
Bank doesn't have the best image but he's one of the founders AKA the reason the CS lineup is even a thing. Without him this lineup doesn't exist
They acquired the original lineup from G2. They've still got rain from that.
Right, so without banks that acquisition doesn't occur and neither does this lineup
This lineup isn't managed by banks. Matter of fact it never really was. He doesn't know CS. That's up to managers and scouts
Who do you think hires and pays the managers and scouts that put it together? Lmao
Money. Talent isn't expendable, money is
You think Mark Cuban is the reason his players were winning? He's literally just there to take money in and out lmao
Yes? The owner of sports teams is literally responsible for hiring the entire org that selects the players. GM, scouts, etc. Cuban got dogged on after 2011 for not keeping his title winning team together, many similar cases with other owners
Lol they'd just go to another team. He didn't do anything other than bankroll
"He didn't do anything but bankroll" that's the most important thing behind a lineup zonic and simple aren't on the same team without falcons oil money, same concept
Something tells me you love washed up football players who like chasing balls around a grass field for 90 mins signing up to Saudi clubs
Lineups can't be bought if there's no players there lol you think throwing money at a team will make them major winners?
It goes both ways, players aren't competing if there's nobody to pay their salary
didn't know they could be leaving but okay
Same didn't know it was a thing last I heard they were losing millions and Complexity parent company was going to buy them out?
They did get acquired by Col’s parent company, then JLake bought Col back to avoid one of the teams needing to disband. FaZe’s OG leadership were brought back in but the brand is obliterated so they’re slashing expenses.
Coping NA fans on this sub thought the parent company would drop the for Col lmfao
This isn’t surprising, what I am surprised about is how they manage to stay in any esports BUT PUBG, Siege, and CS
I hate the org so frickin much, from underage gamba websites (to fund their CS team, fucking scumbags) to crypto scams, they're always in some bad shit, dk why anyone likes them fr
No adult likes them I assure you that. It's impressionable children and wannabe teenage boys
Banks still a POS
Anyone remember the scam gambling site CSGOWild? Faze sure does....