Prominent North American esports organization Complexity Gaming has reaffirmed its commitment to Counter-Strike by extending several players' contracts.
This comes following speculation regarding parent company GameSquare's acquisition of rival team FaZe Clan.
Roster Stability Amidst Uncertainty
On January 4th, Complexity announced via social media that CS:GO pros JT, Floppy, Grim and TC will remain on its roster alongside superstars EliGE and Hallzerk for the forthcoming season.
This statement provides roster stability amidst uncertainty stemming from GameSquare's planned buyout of FaZe Clan.
The deal, reportedly worth $17 million, is in its closing stages.
With two of North America's biggest teams soon to be under one ownership, questions emerged over potential conflicts of interest.
Both Complexity and FaZe possess permanent partner slots in ESL Pro League and BLAST Premier.
Tournament organizers ESL and BLAST are also monitoring the implications of this deal, according to HLTV.
The outlet also states Complexity's founder Jason Lake is potentially looking to buy back his organization after selling a majority stake in 2017.
Know More about Faze Clan-GameSquare Deal here.
Broader Implications of the FaZe Clan Acquisition
GameSquare's acquisition of FaZe Clan carries significance beyond Counter-Strike.
As a publicly traded esports holding company, GameSquare owns assets like talent agency Code Red and analytics provider StreamHatchet alongside its ownership of Complexity.
Meanwhile, FaZe also went public in 2022 via a SPAC deal, although its share value has since declined over 80%.
Both teams possess valuable brand equity and naming rights.
However, with two-storied NA teams soon under the GameSquare banner, an adequate long-term balance needs to be struck.
In conclusion, while uncertainty persists, Complexity's contract extensions underline their enduring importance.
With EliGE and co. locked in, the team’s short-term future seems secure.
However, broader implications of the FaZe deal for North American CS:GO will become clearer as GameSquare assesses how to align these competitive interests.
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