2023 has unfolded like a complex narrative for Evil Geniuses (EG), with the esports organization becoming entangled in significant financial distress. The repercussions have been swift and impactful, leading to substantial staff cuts and potentially drastic changes in their competitive landscape.
The Potential Esports Exodus
Rumors are swirling about EG’s departure from the competitive Counter-Strike scene, as noted by esports journalist Richard Lewis. The organization reportedly plans to shutter its male and female CS divisions, a move that hints at a strategic pivot or a dire necessity driven by financial constraints.
The League of Legends Conundrum
Parallel to the Counter-Strike withdrawal, EG is allegedly in the throes of selling its LCS spot, with Enthusiast Gaming—the parent company of Luminosity Gaming—emerging as the potential buyer. The transaction remains unconfirmed, yet it underlines EG’s urgent need for liquidity.
Counter-Strike’s Curtain Call
As EG seems to consolidate its focus on Riot Games titles, the CS2 male squad is expected to disband by December, with the female team dissolving slightly earlier. This decision marks a significant shift for the organization, traditionally known for its diverse esports portfolio.
Latest for Substack: Layoffs, liquidation specialists, sponsor issues and a potential sale of an LCS slot… The latest week in the Evil Geniuses saga raises the question how much longer will they be around?https://t.co/qZOkPCUcjr pic.twitter.com/ImWw3cALl5
— Richard Lewis (@RLewisReports) November 7, 2023
The League of Legends and VALORANT Dilemma
Even as EG’s VALORANT and LoL teams face their own set of challenges, there are whispers of LoL roster members eyeing transfers for the 2024 season, further complicating the organization’s pathway forward.
The Dota 2 Disbandment
Adding to the upheaval, EG’s Dota 2 Latin team has also fallen victim to the budgetary axe, casting a shadow over the organization’s future in Valve’s prominent title.
Legal Battles Looming
Syed “SumaiL” Hassan, a Dota 2 prodigy, has embroiled EG in legal proceedings, alleging “contract breach” and “fraud” over stock ownership disputes following Peak6 Capital’s acquisition of EG in 2019. With a jury trial set for November 6, the outcome could have significant ramifications for EG’s operational integrity.
Hoping for a Resolution
The convergence of fiscal woes, potential disengagements from major esports arenas, and legal challenges paints a picture of an organization at a crossroads. As Evil Geniuses navigate this precarious juncture, the esports community watches with bated breath, hoping for a resolution that preserves the legacy of a once-dominant force in competitive gaming.