Even though Sentinels has been one of the most talked-about teams in North American esports in recent memory, the organization is still struggling to keep the lights on through 2023. In fact, in an offering letter submitted to the U.S. Securities and Exchange Commission, the team marked down significant financial losses through last year.<\/p>
Related: Sentinels\u2019 $695K per month salaries necessitate more investment\u2014even if crowdfunding works<\/a><\/strong><\/p>
The letter also confirmed that Sentinels were spending $695,000 dollars a month on expenses relating to player contracts, content creators, staff, and merchandise availability. As a result, the team recently opened a crowdfunding campaign<\/a> on Friday, Aug. 4 in order to bring in more investors so that the org can continue to operate.<\/p>
Losses like these will continue to bring attention to the unsustainable nature of esports. For example, this news followed reports stating that multiple teams in the competitive VALORANT<\/em> space were looking to downsize their operations<\/a> in 2024, with teams like Cloud9 and 100 Thieves supposedly reducing player salaries for next year after missing this year’s Champions tournament.<\/p>","protected":false},"excerpt":{"rendered":"
