Following a comment from Dr Disrespect that esports orgs “don’t make money” unless it’s FaZe Clan, G2 Esports’ CEO, Carlos ‘ocelote’ Rodríguez claimed that FaZe’s business is a “hole.”
In esports, it’s not exactly uncommon to see sparks fly between organizations – especially when resident trash-talker Carlos is involved.
Known for not holding back, the G2 CEO has happily roasted some of esports’ biggest stars, with esports and lifestyle brand FaZe Clan being no different.
And FaZe is looking down the barrel of ocelote’s trash talk gun yet again, as a Tweet from Dr Disrespect sparked debate over the profitability of esports orgs.
Carlos calls FaZe’s business “a hole”
“What do you mean [what] is happening?” Doc asked, noting that “unless you’re FaZe, esport orgs don’t make money. Period.”
Carlos was quick to fire back, however, stating FaZe’s financial results of “-17M in EBITDA with just above $50M in revenue. G2 and [a] couple others’ actual business looks miles ahead of theirs and it’s not even close. Their revenue is pumped up by acting like a bank through individual sponsorship deals for their talent.”
Concluding that FaZe’s “business is a literal hole,” the G2 CEO has made his thoughts on Doc’s take abundantly clear.
faze made -17M in EBITDA with just above $50M in revenue
G2 and couple others' actual business looks miles ahead of theirs and its not even close
Their revenue is pumped up by acting like a bank through individual sponsorship deals for their talent. Business is a literal hole.
— CarlosR ocelote (@CarlosR) December 28, 2021
EXCEL esports’ social media manager and LoL insider, Fosty, was quick to echo Carlos’ statements, writing “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.”
Calling FaZe “an org with wasted potential and no wish to improve,” he claims that “the only thing holding them from certain death is their CS team and [that] their name that gets financial support.”
They have an insane fanbase and the following, but I can't help but see how badly their socials are being run and the content they produce. The only thing holding them from certain death is their CS team and their name that gets financial support. It is so sad to see.
— Fosty (@FostyLoL) December 28, 2021
100 Thieves founder Nadeshot also took issue with the Doc’s claim that esports orgs don’t make money, telling him to stay off the Gin & Tonics.
Lay off the gin and tonics, Doc.
— 100T Nadeshot (@Nadeshot) December 28, 2021
However, 100 Thieves’ COO admitted that the company is not yet profitable, and may not be for some time. Rather, as with most esports orgs, their goals are continued growth, supported by outside investment.