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FaZe Clan Influencers Exit Over Contract Dispute With New Owner
MINT· 2025-12-26 20:18
Group 1 - The future of FaZe Clan is uncertain as several members have announced their departures following unsuccessful contract negotiations with new management [1][3] - Members who left include Adapt, Jason, Ronaldo, Lacy, and Silky, with only Rage remaining as part of the group [1] - The current financial structure of FaZe is deemed "unsustainable" by Matt Kalish, CEO of HardScope, who has invested $10 million into the group over the past 18 months [3][5] Group 2 - Kalish offered the influencers the option to go independent or sign deals with HardScope, but the terms were perceived as unfavorable, leading to the breakdown of negotiations [4] - FaZe Clan was founded in 2010 and initially gained popularity through YouTube, evolving into a significant player in esports and sponsorship deals [6] - After a projected $1 billion valuation at its public offering in 2022, FaZe's stock has since declined to penny stock status due to concerns over its business model [7] Group 3 - FaZe's esports organization is now under GameSquare Holdings Inc., which acquired the parent company for $17 million in 2023 [8]