In the world of esports, unpaid prize money allegations continue to make waves. One such case involves XSET, a prominent esports organization. A former Rainbow Six: Siege player from the team, Zachary 'SpiriTz' Dionne, recently took to social media to express his grievances. He claims that XSET owes him unpaid prize money from major tournaments, as well as income from skin share revenue and sponsorships. In this article, we delve into the details of this controversy and explore the response from both the player and XSET's CEO, Greg Selkoe.
Unpaid Prize Money Claims Surface
Allegations of unpaid prize money spark controversy within XSET
The issue of unpaid prize money has once again cast its shadow, this time affecting XSET and their former player, Zachary 'SpiriTz' Dionne. In a recent Tweet, Dionne boldly called out XSET, demanding payment for prize money he claims to be owed, including earnings from major tournaments and previous sponsorship deals. This revelation has caused uproar and uncertainty within the esports community.
XSET's Response and CEO's Hands-Off Approach
Greg Selkoe addresses the situation and asserts new ownership responsibility
Greg Selkoe, the CEO of XSET, quickly addressed the issue stating that it was the first time the matter had come to his attention. Selkoe pointed out that since the sale of the R6 team in 2022, any outstanding costs and prize money obligations went to the new owner, M80. Despite it now falling under new management, Selkoe offered to assist in resolving this matter amicably, demonstrating a proactive approach amidst negative implications.
The response of XSET 's CEO hints at a hands-off approach when it comes to team finances, emphasizing that the responsibility for clearing outstanding payments rests with the new owners. Selkoe's willingness to get involved and resolve the issue demonstrates the importance of fair play and fulfilling financial obligations within the esports industry.
The New Owner: M80
Exploring the transition of XSET's Rainbow Six: Siege team
After XSET's decision to sell its R6 team back in 2022, the new owner became M80, an emerging esports organization. M80 was founded by the former COO of XSET, Marco Mereu. The transition of team ownership adds a layer of complexity to the issue of unpaid prize money, as former player SpiriTz claims he is entitled to his earnings before the team's switch to M80's ownership.
With barely a month between the handover of ownership and SpiriTz's departure on March 2, 2023, the challenges faced by both players and new management raise intriguing questions regarding the clearance of financial dues and how responsibilities can sometimes fall through the cracks.
The Stream of Allegations Continues
Multiple XSET players reveal claims of unpaid revenue
In a situation that compounds XSET's troubles, members of the organization's former Valorant team have spoken up regarding unpaid revenue. These players alleges that the organization has not provided them with their fair share of merchandising profits, specifically related to the Valorant Champions 2022 skin bundle sales. While different in scope to SpiriTz's unpaid prize money claims, the ongoing stream of allegations against XSET raises concerns about transparency and fair treatment of players within the organization.
XSET's Transition to a Limited Portfolio
Recent restructuring results in a reduced lineup of esports titles
Facing a series of obstacles and restructuring, XSET has undergone significant changes and currently fields players in a limited selection of esports titles. With the departure of former COO Mereu, the organization was compelled to make consequential shifts in their priorities. Currently, XSET focuses primarily on iRacing, Apex Legends, fighting games, and Call of Duty: Warzone.
The narrowing of their portfolio could be seen as a necessary move to consolidate and rebuild the organization. However, it raises questions about the financial stability and longevity of XSET. Will they be able to fulfill their obligations to players and maintain a reputable standing in the esports community as they reposition themselves within a smaller competitive landscape?
Conclusion
The allegations and controversies surrounding XSET and their unpaid prize money have once again brought into focus the financial challenges within the esports industry. The case of Zachary 'SpiriTz' Dionne, along with the claims made by the former Valorant team, highlights the importance of transparency and fulfilling financial obligations to players.
Despite the CEO's assertion that the matter falls under the responsibility of new owners M80, Greg Selkoe has offered assistance in resolving these issues, demonstrating a commitment to fair play. The transition to a limited portfolio raises concerns about the longevity and stability of XSET, urging both the organization and the entire esports community to ensure that financial matters are handled with integrity.
FQA
What does unpaid prize money refer to?
Unpaid prize money refers to the earnings that players should receive for their performance in various tournaments and events. These earnings usually come from winning prize pools, sponsorship deals, and other revenue streams related to their participation in esports competitions.
What impact do these allegations have on the esports industry?
Allegations of unpaid prize money cast a negative light on the esports industry as a whole. These controversies raise concerns about the financial stability and integrity of esports organizations, impacting the reputation and trust players and fans place in these organizations.
What steps can be taken to prevent unpaid prize money issues in the future?
To prevent unpaid prize money issues in the future, it is essential for esports organizations to establish clear and transparent payment processes. Contracts and agreements should explicitly outline financial obligations, including detailed payment terms and timelines. Additionally, implementing regulatory bodies or associations to oversee financial transactions within the esports industry could help address and resolve such issues promptly.
