FaZe Clan Bought by GameSquare, Founders Return to Lead

Legacy esports organization FaZe Clan has been bought by GameSquare, another esports company geared more towards acquisitions and promotions rather than the gaming and streaming content FaZe produces itself. The acquisition follows a tumultuous period for FaZe Clan on the stock market which got so dire that the organization risked being delisted entirely. With GameSquare now the new owners, some familiar names will be returning to the company with Richard "FaZe Banks" Bengtson and others coming back to the company and taking on new leadership roles.

Of the various esports orgs that have popped up over the years, FaZe Clan remains one of the most predominant names in the industry even if their influence has waned over time as indicated by their stock market woes and the move to be acquired in the first place. Both GameSquare leaders and returning FaZe Clan bosses shared comments about the acquisition as part of the joint announcement where they outlined plans to return FaZe Clan to "where it was in its peak years."

FaZe Clan Bought

With FaZe Banks returning as CEO, he'll be joined by Thomas "FaZe Temperrr" Oliveira as president and Yousef "FaZe Apex" Abdelfattah as COO (there's no sign of Snoop Dogg returning).

"The gaming community represents one of the largest and most engaged segments of the attention economy," said GameSquare CEO Justin Kenna. "The acquisition of one of the biggest names in gaming serves as a perfect illustration of how we have built a powerful infrastructure with expansive scale that we can use to leverage the full spectrum of resources within the GameSquare ecosystem. We are also thrilled to welcome back the founders of FaZe Clan and their fans, one of the most deeply engaged communities born on the internet."

FaZe Banks shared similarly optimistic comments and expectedly looked ahead to a strong future for FaZe Clan with previous leadership now reinstated.

"I'm confident that with Tommy, Apex and me back in charge of the brand, FaZe Clan will get back to where it was in its peak years," said FaZe Banks. "We grew up on the internet and understand this brand better than anyone ever could. We are grateful to have found a partner in GameSquare who sees that value in us and can help execute our vision. We're going to produce first, talk later."

Some of the other orgs owned by GameSquare include the esports group Complexity, and talent under the GameSquare brand includes Tyler "Ninja" Blevins who serves as the chief innovation officer within the group.

Aside from FaZe Clan's ongoing participation in different esports tournaments, particularly those involving shooters like Call of Duty, the org has also tried branching out in different mediums like comics, though how well those efforts went depends on who you ask. FaZe Clan has also notably been embroiled in more than one controversy over the years involving things ranging from cryptocurrencies

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Source: https://comicbook.com/gaming/news/faze-clan-bought-by-gamesquare/


"FaZe Clan Bought by GameSquare, Founders Return to Lead" :: Login/Create an Account :: 7 comments

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won't be long when FaZe will faze out ffs lmao


Runts This is lame lol and so is faze. Soo damn overrated and over hyped. Optic was always 10x better. All faze members are so cringe

For me Jev is the only one that is entertaining.


this is not s good plan lmao


time for more internal beef over nothing burgers


FaZe is just a laughing stock at this point!


I'm not too much of a fan of FaZe they're pretty good but Optic Gaming is 10x better imo


This is lame lol and so is faze. Soo damn overrated and over hyped. Optic was always 10x better. All faze members are so cringe

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