Co-Founder of FaZe: Club Loses $700,000 Every Month on Esports

Nordan Rain Shat, co-founder of the FaZe Clan esports club, spoke about the expenses of several members of the organization. According to him, schedules are unprofitable in many disciplines.

Rain noted that FaZE lost $700,000 in one month, but he didn’t specify which time period he was talking about. As it turned out, only PUBG Mobile and Call of Duty rosters bring profits to the organization, while teams from CS:GO, Valorant, Apex Legends, Fortnite, Rocket League and other games do not pay off.

FaZe loses $700,000 every month on esports. If I reveal all the numbers, you’ll go crazy. Now the club has too many teams.

Nordan Rain Shat

Cost of some FaZe Clan squads:

• CS:GO: profit of $514 thousand with expenses of $576 thousand, total revenue -64 thousand;
• Valorant: -224 thousand dollars;
• Apex Legends: -37 thousand dollars
• Fortnite: -48 thousand dollars;
• Rocket League: -86 thousand dollars.

In addition, Rain criticized FaZe’s management, stating that the company’s owners had appointed Zach Katz as president of the club. Before that, Zach worked in the music industry. Therefore, Shat considers Katz incompetent and his decisions are unprofitable.

At the end of March, FaZe said it closed 2022 with a loss of $168.5 million. Despite this, the club received $70 million in revenue.

Recall that at the Paris Major, Valve’s last tournament in CS:GO, FaZe took 5th-8th place. As of the BLAST.tv Paris Major 2023 playoffs, Finn Karrigan Andersen’s team eliminated Heroic. The next tournament for the club’s CS:GO roster is IEM Dallas 2023, which will be held from May 29 to June 4.

It was previously announced that FaZe led the top 10 teams in prize money for the first half of 2023.