FaZe Clan Could Be Delisted From Stock Market — Details on Its Owner

FaZe Clan is a top esports organization that went public with a SPAC merger in 2022. Who owns the company? It might get dropped from the stock market?

Kathryn Underwood - Author

Mar. 28 2023, Updated 5:08 p.m. ET

FaZe Clan
Source: Twitter/@FaZeClan

Founded in 2010, FaZe Clan is a top esports and entertainment company. The organization aims to engage with its millions of fans through top influencers as members, and its roster now includes hip-hop artist Snoop Dogg.

Given how popular FaZe Clan has become and the recent struggles it has encountered on the stock market, you're probably wondering who owns it.

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FaZe Clan was founded as FaZe Sniping by gamers Eric "CLipZ" Rivera, Jeff "House Cat" Emann, and Ben "Resistance" Christensen, who began with the creation of gaming montages. “House Cat” now is known as “Timid.” By 2012, the YouTube channel had over 1 million subscribers.

Read on to learn about who owns FaZe Clan and where its net worth stands today.

Who currently owns FaZe Clan?

FaZe Clan
Source: FaZe Clan Facebook

FaZe Clan went public via SPAC merger in 2022.

FaZeClan is owned by several gamers, individual stakeholders, and mutual fund holders. The company went public via a SPAC in 2022 and trades on the Nasdaq under the ticker symbol "FAZE."

Some of top owners of FaZe Clan are as follows:

  • Thomas “Temperrr” Oliveira

  • Yousef “Apex” Abdelfattah

  • Nordan “Rain” Shat

  • Brian “Rug” Awadis

  • Richard “Banks” Bengston

  • Alexander “Adapt” Prynkiewicz

  • Nicholas “Nickmercs” Kolcheff

  • Kiari “Offset” Cephus

  • Jimmy Iovine

  • Paul “DJ Paul” Beauregard

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Who is the CEO of FaZe Clan and who are some of its members?

FaZe Clan is headed by CEO Lee Trink, a former record executive. Tom Fox currently serves as the company's president.

FaZe Clan members have played in games including Call of Duty, Counter-Strike: Global Offensive, PlayerUnknown's Battlegrounds, Tom Clancy's Rainbow Six Siege, FIFA, Valorant, Fortnite Battle Royale, and Rocket League.

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Some of the organization’s non-professional gamers include NFL star Kyler “FaZe K1” Murray, Lebron “FaZe Bronny” James Jr. (son of the NBA player LeBron James), Lil Yachty or “FaZe Boat,” and Offset or “FaZe Offset.”

Kris Lamberson
Source: Faze Clan Facebook

One of FaZe Clan's pro gamers, Kris Lamberson, named to Forbes' 30 Under 30 for gaming.

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What is FazeClan's net worth?

When FaZe Clan first announced its plans to go public via a SPAC merger in 2021, it put the company's valuation at $1 billion. However, nine months later (July 2022), after FaZe Clan went public, its valuation had dropped to $725 million, CNBC reports. Some sources now speculate FaZe Clan might be worth around $400 million.

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Now, nearly a year after trading on the Nasdaq, FaZe Clan has run into some unexpected trouble. Hypebeast recently reported that the esports company is at risk of being delisted from trading. The source says the company received a "Notice of Delisting" that stated if its stock doesn't reach above $1 within the next few months, it will be removed from Nasdaq.

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How much did FaZe Clan pay Snoop Dogg?

Snoop Dogg
Source: Getty Images

Snoop Dogg received generous compensation (and other incentives) to represent FaZe Clan.

Known for his decades as a hip-hop artist in the music industry (and his halftime appearance in Super Bowl LVI), Snoop Dogg is also a gamer who launched his own esports league and has recently announced his new membership in FaZe Clan. He’ll go by the moniker FaZe Snoop within the gaming universe.

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Snoop Dogg has produced hit rap and hip-hop content for 30 years. With about 35 million in worldwide album sales, the entertainer also leads an active entrepreneurial life. He revealed himself in the fall of 2021 as Cozomo de’ Medici, with an over $17 million NFT collection.

Snoop Dogg, or FaZe Snoop, said that his son Cordell Broadus helped inspire him to join the organization, according to PCGamer. Cordell said of his father, “When I look at the two brands, I was inspired by the synergy they could create so I brought them together in this partnership.”

As a part of FaZe Clan, Snoop Dogg will be involved in creation of content, merchandise launches, and other business initiatives. Of course, his involvement did come at a price.

According to Forbes, FaZe Clan paid Snoop Dogg $1.9 million in stock as well as "$248,000 worth of stock each to his son and companies controlled by his spouse and his manager." He also received a cozy space on the company's board.

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