Despite casual talk of NFTs, merch collaborations, and cryptocurrency, it’s believed that esports organizations aren’t the money-making machines they sometimes portray themselves to be. Herschel “Dr Disrespect” Beahm has decided to bring this up this idea during a recent Twitter beef.
When Ali “Myth” Kabbani left TSM, the gaming community started to speculate why Myth left and what his new plans would be. Some noted that Myth wasn’t the first big name to leave TSM in the past six months, leaving people wondering what’s going on behind the scenes at the organization.
“What do you mean, ‘what is happening?’ Unless you’re FaZe, esports orgs don’t make money,” Dr Disrespect said.
This comment didn’t sit right with many in the esports industry who took offense to Dr Disrespect’s generalized statement about esports organizations. One of those was industry leader Carlos “ocelote” Rodriguez, the CEO of G2 Esports. In a tweet, ocelote pointed out that G2 and other orgs are “miles ahead” of FaZe Clan.
“Their revenue is pumped up by acting like a bank through individual sponsorship deals for their talent,” ocelote said.
Esports industry condemns Dr Disrespect comment about FaZe Clan
It wasn’t only ocelote that found issues with the Dr Disrespect’s bold statement. EXCEL esports social media manager Fosty echoed ocelote’s sentiments.
“FaZe represents a king that was the best and the richest, but he never knew how to use his power and riches. So by the time that power and riches started getting weaker and weaker until he became a pale shadow of the past,” Fosty said.
The League of Legends insider added that FaZe has “wasted potential” but has not shown that it wants to improve as it relies on its Counter-Strike: Global Offensive team to get financial support.
100 Thieves CEO Matthew “Nadeshot” Haag was also seemingly annoyed by Dr Disrespect’s bold words. While he didn’t go into much detail as to his reason for disagreement, Nadeshot made his disdain clear with a short tweet.
Despite the brash tweet back at Dr Disrespect, 100 Thieves is publicly not profitable just yet. This is the case for many esports organizations who are mostly acquiring money from their investors. The esports industry as a whole is still very young, and the nascent organizations within continue to look at fresh ways to grow.
