Cover-Credits:
Rushindra Sinha, the founder and CEO of Global Esports, recently revealed the operating cost incurred by the organization after joining the Valorant franchise league. According to Sinha, the organization’s monthly expenses have increased substantially since joining the franchise league, ranging between ₹1.2 to ₹1.5 Crore “just for the organization to stay alive.” He compared the current expense of the organization with the expenses before joining the franchise league and explained the increase.
Global Esports’ operating cost increased substantially after joining the Valorant franchise league
In September 2022, Global Esports became the only Indian or South Asian esports organization to secure a franchise slot in the Valorant franchise league. Prior to this, Global Esports was one of the most successful Valorant teams in the South Asian domestic competitive circuit. For the Valorant Champions Tour (VCT) 2023, Global Esports fielded a ten-player roster featuring five of its former players and five more foreign players. The organization also set up a bootcamp in South Korea to improve the opportunities of its players. Unfortunately, the players could not travel to South Korea due to visa issues.
Besides Valorant, Global Esports also has active rosters in Battlegrounds Mobile India (BGMI) and New State Mobile.
In a recent livestream, while addressing a question from a viewer, Sinha revealed the operating cost of Global Esports. According to him, the total expense of Global Esports per month after joining the franchise league ranges between 1.2 to 1.5 Crore, which is a significant increase compared to their expenses before joining the franchise. “The total expense of Global Esports per month nowadays, after joining the franchise league, is anywhere between 1.2 to 1.5 Crore. It is a lot,” he said.
Prior to joining the franchise league, the organization’s monthly expenses ranged between ₹30 and ₹50 lakhs, which included expenses for their other rosters and bootcamp. However, after joining the franchise, the organization has had to bear additional expenses, and the operating cost increased substantially. “After joining the franchise, with all our expenses in South Korea, with all our expenses on players’ salaries, and other expenses like deposit and everything, one month expense to run Global Esports, just for the organization to stay alive, not considering any new activities, not considering any marketing, not considering anything else, is 1.2 to 1.5 Crore a month,” he said.
VCT 2023 LOCK//IN São Paulo, the inaugural tournament of the Valorant 2023 season, has already begun. Global Esports will be playing its first match of the league against Team Vitality on 23rd February in a single elimination bracket.
