Evil Geniuses

November 23, 2023

Evil Geniuses Rumored to Exit Esports Industry: Potential Impact and Financial Challenges

Leticia "Letty" Santos
Written byLeticia "Letty" SantosWriter
Researched byHaruki NakamuraResearcher

Recently, there have been claims suggesting that Evil Geniuses, a prominent esports organization, may be preparing to exit the industry. These claims, made by 'industry insiders', were reported in the Sports Business Journal. The speculation arose after Evil Geniuses decided to withdraw from the LCS (League of Legends Championship Series). It has been stated that the organization has been actively trying to sell its esports division, but so far, no buyers have shown interest.

Evil Geniuses Rumored to Exit Esports Industry: Potential Impact and Financial Challenges

Potential Impact

While it is important to note that these claims are currently unverified, if true, they could have significant implications for the esports industry. Evil Geniuses has been a long-standing presence in esports since the early 2000s and has participated in various esports disciplines.

Concerns for Evil Geniuses

Evil Geniuses recently achieved success by winning the VALORANT Champs tournament and claiming the top spot, along with a $1 million prize. However, there are concerns about the future of the organization. It has dissolved its Dota 2 roster, which was based in South America, and there are uncertainties surrounding its teams in Counter-Strike 2 and VALORANT.

The article in the Sports Business Journal did not provide specific details, but it highlighted Evil Geniuses' apparent intention to sell its esports division, either as a whole or in parts.

Financial Challenges

Evil Geniuses' potential departure from esports may be a result of the challenging economic landscape in the industry. Reports have emerged this year suggesting that the organization has faced financial difficulties and has been operating with a limited staff.

Impact on the Industry

If Evil Geniuses does indeed exit the esports scene, it would be a significant blow to the industry. This year has already seen numerous layoffs, organization closures, and failed partnerships. The departure of a prominent organization like Evil Geniuses would further underscore the struggles faced by esports.

For more updates on the esports industry, visit Esports.net.

About the author
Leticia "Letty" Santos
Leticia "Letty" Santos
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Letty Santos, a vibrant spirit from the heart of Manila, seamlessly merges her passion for Filipino culture with the exhilarating world of online casinos. Bringing a unique Filipino touch to every project, she's a gem in the casino localization realm.

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