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Financial Situation

JM1407's avatarJM1407@JM1407• 15/10/2023

Financial Situation

The last weeks there are more and nore informations coming out about our terrible financial situation.

Right now there is an article from LEC_Woloo which is saying the same thing about our situation.

What do you think is the main reason for it and what could be a solution?

Cause quitting a lot of Esports Scenes would be terrible like we quit Dota and Fifa.

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Comments

Avatar for Official Tei Meing
Official Tei Meing@Official-Tei-Meing• 17/10/2023
Loading...Lol, sounds like valorants EG and Cloud9. Cloud9 went over budget and couldn't hold Jacob 'yay' on there team. EG had a whole 10 man squad and could've just contracted 1 or 2 players instead, now if players stay with EG they get a sma pay cut
Avatar for doctriad
doctriad@doctriad• 17/10/2023
Loading...Quitting esports which are money sinks like halo fifa dota is good. What's the point of staying in games with little fans/interactions and just losing money? Imo FNC should focus on lol, cs2, val and apex. Forget any new games for now
Avatar for Horaizun
Horaizun@Horaizun• 17/10/2023
Loading...@doctriad True
Avatar for Keniwann
Keniwann@Keniwann• 17/10/2023
Loading...@doctriad Agreeing 100%
Avatar for Keniwann
Keniwann@Keniwann• 16/10/2023
Loading...Man I hate these articles. They are so clickbait
Avatar for Fnatic Sam
Fnatic SamOfficial@sam• 16/10/2023
Loading...It’s all clickbait. They have no idea about our financial situation: - we’ve recently raised capital - we have other capital we can access if we need it - the last three months we have been profitable - this year will bring us significantly closer to break even, and its very likely next year will be our first full year of profitability since 2015. They are quoting past losses based on a business which has raised investment of $50m. Comparing that to other esports teams who have raised over $100m - TL / 100t / C9 etc we are extremely efficient for a top 3 western team across multiple titles. Don’t believe all the stuff from people who love to hate. Have faith Fnatics, next year is our 20th birthday and we’re going bigger than ever. ALWAYSFNATIC
Avatar for JM1407
JM1407@JM1407• 16/10/2023
Loading...@sam Thanks for the inside , thats why i opened the discussion, i really wanted to discuss that with the community, cause i want that we succeed.
Avatar for NB
NB@FNCNB17• 16/10/2023
Loading...@sam Thank you for the insight, bossman! To me it seems like the person who released the article really dislikes Fnatic and wants to find every reason to laugh at the org. Anyway, it was a good idea to wait for a statement from someone who knows it all. Let's focus on our boys on Thursday 👍🔥
Avatar for Franky
FrankyCow Paulo@Franky• 17/10/2023
Loading...@sam Lets goo I'm ready to see it
Avatar for LadyvonKarstein
LadyvonKarsteinPioneer Key Holder@LadyvonKarstein• 17/10/2023
Loading...@sam Si nice to read this
Avatar for Franky
FrankyCow Paulo@Franky• 16/10/2023
Loading...I didn't read the article; I just saw the headline somewhere on Twitter, but I think it's pretty normal with how esports orgs work
Avatar for Horaizun
Horaizun@Horaizun• 16/10/2023
Loading...@Franky Kinda but I think it will be alright over the next further years
Avatar for Franky
FrankyCow Paulo@Franky• 16/10/2023
Loading...@Franky @Shyke They had to let go of some of their personnel, but if the situation was really as catastrophic as the headline suggests, we would know, just look at organizations like FaZe or TSM.
Avatar for Horaizun
Horaizun@Horaizun• 16/10/2023
Loading...Uhmmm never thinked about the financial situation but I really dont think it is like Woloo says
Avatar for owenmelbz
owenmelbzOfficial@owenmelbz• 16/10/2023
Loading...I wouldn’t pay much attention to clickbait articles without context to get them more views. FYI there are loads of giants that are not profitable like Spotify, Snapchat, Pinterest, AirBnB, Slack, Reddit and many more. Riot have recently been working on a pay scheme regulation to limit player salaries as well to help balance the esport economy.
Avatar for JM1407
JM1407@JM1407• 16/10/2023
Loading...@owenmelbz Thank you for the informations . I always thought that esports is not really profitable.
Avatar for Dr1z
Dr1zVCT Champions 2022@Dr1z• 15/10/2023
Loading...I don’t loon too much into the financial side of things I just enjoy the moments 😂
Avatar for JM1407
JM1407@JM1407• 15/10/2023
Loading...My opinion : In NA the Esport is already showing that it isnt the best business to do big profit. I have the feeling that wirhout a sponsor that carries you completely, a lot of big organisations will leave the Esports Scene.