Disguised Toast reveals esports venture is losing nearly $1 million this year
Jeremy “Disguised Toast” Wanghas revealed that his esports venture is on track to lose nearly $1 million this year, with spending being “twice as much” as he expected.
Ever since Toast decided to dip his toes into the esports scene by starting a Valorant challengers team at the beginning of 2023, he has always been very candid with the progress of the org. And DSG has recently seen some shake-ups.
For one, itsValorant team is facing relegationfrom the NA Challengers league after they went 0-5 in their second split. And DSG decided to expand into the LCS,participating in the upcoming NACLamid orgs shutting down their academy rosters.
However, running an esports org can get expensive, even at the relatively small scale of DSG. And with their expansion, Toast revealed that DSG is going through some massive financial losses.
just got off a call with my accountant and apparently i’m gonna be spending twice as much as i expected for dsg-$1,000,000🙃pic.twitter.com/AZMEhdXLYZ
In a tweet discussing the finances of DSG, Toast writes, “just got off a call with my accountant and apparently I’m gonna be spending twice as much as I expected for DSG, -$1,000,000.”
Included in the tweet is a snippet of a spreadsheet showing the organization’s expenses and operating losses. And we can glean into the short history of DSG based on their spending.
We can see the losses increase in April, most likely due to the signing of theValorant superstar Jacob “yay” Whittaker. And throughout June to August, spending is further increasing, most likely due to DSG’s NACL team.
According to the posted spreadsheet, DSG stands to lose $992,350 by the end of 2023.
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