G2 Esports CEO resigns amid Andrew Tate controversy

venturebeat.com:

Interested in learning what's next for the gaming industry? Join gaming executives to discuss emerging parts of the industry this October at GamesBeat Summit Next. Register today.

G2 Esports CEO Carlos ‘ocelote’ Rodríguez 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 backlash.

Rodríguez 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 reportedly cost the Berlin-based company a franchise spot in Riot Games’ Valorant Champions Tour (VCT). 

Prior to the controversy, G2 was confident they would receive a spot in the VCT’s Americas league. Players confirmed that G2 was set to acquire XSET’s highly ranked Valorant roster.  

GamesBeat Summit Next 2022

Join gaming leaders live this October 25-26 in San Francisco to examine the next big opportunities within the gaming industry.

While esports franchise slots have traditionally cost millions, Riot chose to not charge franchise fees for the VCT. Given that G2 last raised capital in December 2019, losing a valuable — free — asset due to Rodríguez’s mishandling may have incentivized G2 Esports’ board to act.

With this decision, G2 enters uncharted waters. Rodríguez was G2 Esports’ CEO, co founder and face of the organization. G2 must find a way to redefine itself — both to brand partners and fans — if it wants to remain one of Europe’s most prestigious esports teams.

GamesBeat's creed when covering the game industry is «where passion meets business.» What does