In a significant development, Richard “FaZe Banks” Bengtson, an influential figure in the esports industry, has unveiled his vision for the future of FaZe Clan following his appointment as the organization’s CEO.
The past year has been turbulent for FaZe Clan, marked by internal disputes among its founding members, well-publicized layoffs, and a concerning drop in the company’s stock price. The organization even faced the ominous possibility of being delisted from the Nasdaq stock exchange. However, as of October 20, FaZe Clan returned to the hands of its founders, namely Temperrr, Banks, and Apex, thanks to an acquisition by GameSquare, the parent company of Complexity Gaming and Code Red Esports. This “definitive agreement” has set the stage for the founders’ comeback, with Banks taking the reins as CEO, Temperrr as President, and Apex as COO, marking the beginning of an exciting new era for FaZe.
During a recent Adin Ross live stream, Banks took the opportunity to share his comprehensive vision for FaZe Clan as he prepares to assume the role of CEO. He confidently declared, “In 90 days, this operation will be under my complete control.” This declaration offered a tantalizing peek into his ambitious plans.
Banks’ primary agenda involves a substantial overhaul of the organization. His candid statement revealed his intent, “The first order of business will be a comprehensive restructuring – heads are going to roll. Say goodbye to the old guard.”
He emphasized, “Enough is enough. You’ll witness a new era.”
The anticipated merger between the two companies is scheduled to be finalized in the fourth quarter of 2023, with FaZe operating as a wholly owned subsidiary and an independent division of GameSquare. The future of FaZe Clan under the leadership of its original founders promises a fresh beginning, generating anticipation within the esports community as Banks envisions a transformation for the organization.
