He has made his opinions known on the direction of the now publicly traded company and even threatened to leave if those in charge did not dismiss Sebastian ‘Cbass’ Diamond, one of the founding members of FaZe and its director of social media. On May 21, Rain attacked FaZe again on his Instagram story.
FaZe Clan’s current president is Zach Katz, whose background is in the music industry. He joined the organization in 2022.
The company’s filings with the SEC do not specify how much of these losses come from esports expenses. However, the company has multiple teams under its wing that would require a lot of money to operate.
FaZe has teams in Rocket League, Apex Legends, Rainbow Six Siege, PUBG, CS:GO, and two teams in Valorant. The organization also has Super Smash Bros. players.
“Esports will continue to be a vital driver of the FaZe brand and a central point of engagement for many of our fans. As we develop other sources of revenue, we expect esports to continue to grow, but contribute less to the overall.
This is healthy and anticipated, and you will see us continue to invest to keep the FaZe teams at the top of the leagues in which they compete,” the company said.