Streamer turned esports team owner Jeremy “Disguised Toast” Wang recently revealed just how much it has cost him to keep his Valorant hopes alive — and it’s shocking.
Disguised Toast has recently become quite invested in the esports scene, both emotionally and financially. He started with a Game Changers team with all popular female streamers, which ended up
falling apart quite early on. Then, Disguised Toast signed popular Valorant pro Jaccob “yay” Whiteaker to a Challengers team, which also underperformed.
At this point, Disguised Toast seemed distraught, offering a very vulnerable apology to fans on Twitter.
“It’s hard because losing is bad enough as it is for them — but losing on DSG feels extra bad because there are so much attention on us coming into the league and we just haven’t been able to get a win. And with each loss the pressure and stress just builds and builds on the players,” Disguised Toast
wrote at the time.
But Disguised Toast didn’t give up. He most recently announced that he was looking to
branch into League of Legends, specifically the LCS. It was clear that the streamer was all in on esports, but nobody was sure
just
how serious he was until now.
Disguised Toast reveals massive debt going into Valorant esports
On Twitter, Disguised Toast revealed that he recently discussed his spending with an accountant and the money he put into esports specifically was quite jarring. According to Disguised Toast, he would be at a net loss of about $1 million by the end of 2023.
Disguised Toast shared a Google Sheet with the shocking figures, including how much he was losing on his Valorant endeavor every month as well as his additional expenses. The total loss each month was estimated to be about $50,000 to $90,000, which added up quite fast.
Fans also noticed that there was nothing listed under each month’s revenue, leaving many to wonder if Disguised Toast had nothing coming in when it came to esports. This is more than likely, since his teams have no sponsors and haven’t won any prize money.
Disguised Toast isn’t the first streamer turned esports entrepreneur to lose money investing in the industry. Charles “MoistCr1TiKaL” White’s Moist Esports passion project has reportedly cost him a lot of money throughout the process — and his teams actually win.
Ludwig Ahgren recently joined forces
with Moist and the two made a skit where they burned money, a reference to how much it cost them to run the esports organization.
Olivia Richman
About Olivia Richman
Olivia has worked in media ever since graduating from college, with her coverage ranging from traditional newspaper reporting to digital coverage of all things gaming, online betting, and nerd culture. She has traveled around the world pursuing that coverage, from the far coasts of the United States to the busy downtown core of Tokyo, Japan. Olivia’s favorite games include Overwatch and Super Smash Smash Bros, and she has been published at Esports Illustrated, Inven Global, EsportsInsider, Upcomer, and elsewhere.
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