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SEN - Only in 2 Esports, has overwhelmingly less expenditures than other, bigger orgs and makes a lot more in terms of revenue from merch sales, and of course bundle sales
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G2 - In multiple esports and has a lot of cash to burn, but isn't profitable; will be forced to spend a lot of money to guarantee they don't lose their VCT spot next year though, since it will bring in a lot more money than it will cost to sign a big name
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NRG - Rich org, rich owners, wasted millions of dollars on an OWL league spot and has a horrible track record of financial decisions. Multiple sponsors but also definitely not profitable
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100T - Hoodies bring in cash, nadeshot makes sure to keep the business running at all costs, which results in a lot of layoffs and periods of low spending--but as a testament to how much money they're able to spend despite that they sign some big names occasionally like Cryo or Boostio.
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C9 - broke org, lost a lot of money from a crypto deal same as TSM. Had money but now is forced to make budget roster after budget roster
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EG - New owners, but still clearly can't afford anything beyond the scraps that other teams leave behind--lucky to be in a region with rich t2 talent
Richest Orgs in NA
If we take the champs 23 bundle as a reference: https://esportsinsider.com/2023/12/riot-games-valorant-esports-finances
Within a period of a single month, players spent a combined amount of ~22 million USD on the Champs bundle
Here's what we know:
-Riot takes a 50% cut of all VCT Team Capsule sales.
-We know that of all the bundles, SEN sold the second-most after PRX from a riot tweet a while back.
-Taking into account that sales on the champs bundle would've been lower if it wasn't limited edition, and that not everyone is a SEN fan, let's assume that a single month's worth of sales for the SEN bundle provides just a fraction of the champs bundle. Furthermore, the team capsules aren't available year round, they're available for about 7-8 months.
As a lowball estimate: let's say a single month creates $2 million SEN bundle sales, multiply that by 8, and a single year brings SEN $8 million USD of revenue (50% of $16 million USD, the other half goes to riot).
With the knowledge that the highest Valorant salary to be leaked was Yay's 60k a month on Bleed (~0.7mil a year), we can safely assume that SEN makes drastically more money from their bundle sales than it costs to keep their roster.
Once again, SEN only has a valorant team, apex team, halo team of the 3, valorant salaries are comparatively a lot higher. Let's assume SEN is paying their players the highest possible salary, (0.7 mil a year) and is paying even like 0.2mil a year to each of their 3 apex players, that's 4.1 mil dollars in player salaries (i doubt the halo players are making much). maybe paying their other non-player staff costs 6 mil. That adds up to ~10.1 mil a year in expenses and ~8 mil in revenue from bundle sales
even then, taking into account SEN society and their jersey sales, SEN would still be breaking even and still have a lot of money saved up from Rob moore's personal bank account to sign whoever they want
EDIT: (60k a month is not 2 mil a year)
I took into account 4.1 mil for other staff, Housing realistically only costs like <1 mil total for all 5 players (max 250k a year per player which is being very very generous assuming they're living like royalty)
I doubt they have that many employees, 4.1 accounts for at least 41 employees working at an average high income salary of 100k a year doing anything from marketing to accounting to analysts
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