Esports organization FaZe Clan was recently featured on the cover of Sports Illustrated. Some of the members of FaZe Clan that were prominently displayed on the front of the publication included streamer Nicholas “Nickmercs” Kolcheff, LeBron James’ son Bronny James, and NFL quarterback Kyler Murray.
In this piece, members of FaZe Clan spoke with Rohan Nadkarni, a writer who primarily covers the NBA for Sports Illustrated. During this interview, Nadkarni discussed the growth of esports and how FaZe Clan fits into the global gaming community.
Nadkarni highlighted some of the struggles impacting the esports industry today. “For now, different companies categorize some workers as independent contractors and others as full-time employees, with no overarching, industry-wide standard… And, the agent says, child-labor laws are more like “guidelines” than hard and fast rules,” Nadkarni writes. “Because of the still-evolving nature of the industry, many players are not represented formally and negotiate their own contracts. That’s an issue in an industry where there’s millions of dollars available to the most successful talent.”
FaZe Clan is one of the world’s most recognizable gaming companies. Since being founded in 2010, the organization has accumulated over 369 million fans across multiple social media platforms.
The Profit‘s Take:
I suspect Sports Illustrated will regret this cover. FaZe is so badly run that implosion or firesale are the most likely outcomes for that business.