Jump to content

Sentinels Esports Financial Crisis


Accessing

Recommended Posts

Intelligence Officer

Intelligence Officer

  • [C] UNIT LEADER
  • ACCESS [4] TOP SECRET〔CW〕

Sentinels, the premier North American organization recently shed some light on its ongoing financial crisis. While esports is a loss-incurring venture for many, seeing an organization of Sentinels' scale struggle financially is a shocker for fans.

On August 4, after a successful testing phase, StartEngine listed Sentinels on its site. The organization claimed more than 100 individual investors reserved shares during their initial phase. However, from the looks of it, Sentinels is going through a difficult time after spending millions and millions of dollars in the organization. 

Under a section in “Liquidity and Capital Resources,” the organization hinted at when operations could end if they cannot raise sufficient funds within a particular time period. According to reports, if crowdfunding is not a success, Sentinels will only be able to run for the next 2-3 months. However, even if the crowdfunding is a success Sentinels will only be able to operate for 4-5 months.

Much of these issues are due to Sentinels paying more than 700,000 USD per month to players, teams, and staff. Their sponsor, GFuel is a major factor in their funding. Sentinels field rosters in multiple games including Fortnite, Valorant, Halo, and Apex Legends. To add that up, they have some of the biggest content creators like Tarik “Tarik” Celik, Daphne “39Daph” Wai, and Brandon “Aceu” Winn. Although the future remains unsure, this might be the last few months of fans seeing Sentinels operating in the esports industry.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Who's Online   0 Members, 0 Anonymous, 1 Guest (See full list)

    • There are no registered users currently online
×
×
  • Create New...