Forum: Whats up with CSGO Orgs?

Whats up with CSGO Orgs?

May 3, 2023 11:34am

First Heroic asked for $1M to operate further

Second Copenhagen flames files for bankruptcy

Third Heet saying looking4Org

What next?

#1(With 1 replies)

May 3, 2023 12:19pm

A5HEN

Many are criticizing G2 for tying up with Roll, but can you even blame them?

#3(With 0 replies)

May 3, 2023 02:09pm

ud_2409

Nahh! I mean every org has to partner with brands to sustain, be it betting platforms or others, or else they will end up in a situation like copenhagen

I liked the announcement video though, lol they waited for m0nesy to turn 18.

#2(With 3 replies)

May 3, 2023 12:37pm

Libtarrge

its not just cs orgs its esport in general

#4(With 0 replies)

May 3, 2023 02:11pm

ud_2409

True! Hope the market finds its sustenance soon!

#7(With 1 replies)

May 4, 2023 01:42am

Pulkit200

From what I have heard, CS:GO is probably the most expensive esports scene for orgs. It requires massive amount of money to run compared to other esports scene where it's alot easier.

#10(With 0 replies)

May 4, 2023 11:54am

ud_2409

yeah, the csgo players have highly inflated salaries on top of those fancy bootcamps. its nothing compared to what the orgs have in revenue.

Orgs will have to go back to drawing board and build a solid business model for themselves to sustain

#5(With 1 replies)

May 3, 2023 04:56pm

FosFate

It's the entire scene, simply because of global economic slowdown.
Very few orgs were actually profitable in the first place, ran solely from investor money. Salaries had inflated, and they haven't deflated a lot, even after slowdown. Heroic isn't a massive org. They need to pay a lot to maintain a Top 3 team without it falling apart (other teams buying their players).

HEET is also a very small org, they need stickers to sustain a team, not qualifying for Major means they neither have a big fund pool, nor are profitable from other means, so they had to drop them. Exactly the same for CPHF, they needed stickers.

#6(With 0 replies)

May 3, 2023 06:59pm

ud_2409

yeah, stickers definitely help, but considering this economic slowdown getting stickers for every org is also difficult.

I feel these highly inflated salaries need correction for sustenance else, we will see a lot more orgs facing this.

#8(With 2 replies)

May 4, 2023 09:18am

ShivanshSingh

It's due to an ongoing global phenomenon called eSports winter.

Here is a video with detailed explanation:

youtu.be/8O7Gt6z3wyY

#9(With 1 replies)

May 4, 2023 11:41am

ud_2409

This was insightful! thanks for sharing

different business models is need of the hour

#11(With 0 replies)

May 4, 2023 12:33pm

ShivanshSingh

Absolutely