Do you want to know what’s next for the gaming industry? Join gaming executives to discuss emerging areas of the industry at GamesBeat Summit Next in October. Register today.
Carlos “ocelote” Rodríguez, CEO of G2 Esports, has stepped down from the company he co-founded. This decision followed Rodríguez posting a video of himself partying with banned controversial influencer Andrew Tate and doubling down on his decision despite fan reactions.
Rodriguez and G2 Esports announced his resignation on Twitter.
Initially, G2 and Rodríguez agreed to eight weeks of unpaid leave. However, the former CEO’s actions have reportedly cost the Berlin-based company a franchise spot on Riot Games’ Valorant Champions Tour (VCT).
Prior to the controversy, G2 was confident they would get a spot in VCT’s Americas League. players confirmed that G2 would take over XSET’s highly regarded Valorant roster.
While esports franchise slots traditionally cost millions, Riot chose not to charge a franchise fee for the VCT. Since G2 last raised capital in Dec 2019the loss of a valuable – free – asset due to the mishandling of Rodríguez may have prompted the G2 Esports board to act.
With this decision, G2 is entering unknown waters. Rodríguez was the CEO of G2 Esports, co-founder and face of the organization. G2 must find a way to redefine itself – for brand partners and fans alike – if it is to remain one of Europe’s most prestigious esports teams.
The GamesBeat credo when talking about the game industry, is ‘where passion and business meet’. What does this mean? We want to tell you how important news is to you — not just as a decision maker in a game studio, but also as a game fan. Whether you’re reading our articles, listening to our podcasts, or watching our videos, GamesBeat helps you learn and have fun with the industry. Discover our briefings.