If you’re not caught up with the latest news about GESC’s failure to pay teams and talent, read below (under the heading GESC). Meanwhile, we’re covering new details that have emerged for GESC CEO Oskar Feng’s efforts for more funding, despite all of the mentioned issues.
We’ve received a copy of their presentation to potential investors for the aforementioned project. To protect our sources, the slides have been scrubbed and screenshotted. They include the following slides that are very deceptive:
Note that in the full deck, there was no mention of GESC at all, nor did they give any new website to refer to. They’ve conveniently left out GESC while claiming that “HERO is poised for transformational growth by leveraging on past experiences and reputation gained from the running of two highly successful Valve Pro Circuit events”. Additionally, they list 2Q 2019 Genting Minor in their Events Pipeline, which our sources say is actually under contract with ESL, and not GESC.
GESC: Some Context
Earlier this year, GESC (The Global Electronic Sports Championship) was established with 4 tournaments planned to be held throughout SouthEast Asia. From their own page, GESC from their own About Us page claims to be “a Singapore-based eSports property that aims to become the leading eSports brand in Asia.”
GESC was awarded 4 DPC Minors this year,two of which have already transpired – GESC Indonesia and GESC Thailand. Both with 300,000 USD prize pools – which teams report have not been paid out yet. The two other minors were eventually cancelled. Slated to be Singapore and Malaysia DPC Minors, the events were rumored to be cancelled due to cash flow issues. It is also rumored that GESC used the cash prize from GESC Indonesia provided by Valve to bankroll GESC Thailand.
Additionally, all contractors have reported not getting paid for services rendered in the event as well.
In an open letter to Valve and the community, Cyborgmatt (Director of Operations, Team Secret) wrote about the “non-payment of more than $750,000” across the two events mentioned.
— Matthew Bailey (@Cyborgmatt) October 30, 2018
Several of our collective gave Mr Feng and GESC a final deadline of October 31st 2018 for full and final settlement. With the deadline now almost upon us, no further communication has been received from GESC or Mr Feng in order to resolve all of the issues and payment looks increasingly unlikely to settle our issues.
With a little over 24 hours from this statement,it seems highly unlikely that GESC or Oskar will be able to pay out in time.
We also note that Mr Feng continues to attend other esports events in Asia and have talks with companies and individuals about his “successful events” in 2018, with a view to producing more in in the future.
Our inside sources have shown that Oskar is still in talks with companies for future endeavors, including “Project Hero” that seems to still be ongoing. In his presentation deck, he lists Paul “Redeye” Chaloner as an eSports Advisor (haha, the irony). In response, Paul has released a statement that denies his involvement in this project.
Paul has never advised on this project, nor was he aware of it, until we were provided such documentation. We understand that Project HERO is headed up by Oskar Feng, who was previously Founder and CEO of GESC.
GESC staff have also left since June, leaving only Oscar Feng, the founder and CEO, running the show. His advisers have also since shunned away from involvement with Oskar and GESC.
Oskar has not released a statement related to the events and has NOT been contactable by Valve and the Dota 2 teams.
This is a blow for the esports scene in SouthEast Asia as it gives us collectively a bad name. Potential players looking into investing into esports should avoid Project Hero and Oskar Feng at all costs until this is settled.