In the year It is said that ORDER has entered into voluntary administration after funding around 2021 was not enough to sustain the organisation.
ORDER, one of the largest esports organizations in the Ocean region, has run out of money and gone into goodwill administration, according to a report in The Australian.
One of the most successful outsourcing firms in the OCE region, ORDER raised $5.3m AUD or $3.69m USD in capital last year. They have hired former Melbourne Football Club executive Mark Edwards as CEO. Edwards deactivated all social media following the announcement of ORDER’s failure.
What happened to the ORDER?
ORDER is consistently one of the top performing esports organizations in the OCE region. Their 2021 fundraising round was their second – they raised $360,000 in crowdfunding at the end of 2018.
Their most notable rosters include teams in League of Legends and CS:GO — and, according to Swan, a CS:GO team is paid “up to $750,000 a year,” a number that’s “far higher than any other country.” Groups are sent.
Several members of the staff, including Chief Game Officer Chris ‘GoMeZ’ Orfanellis, have begun looking for other opportunities. However, former head of events Josh Swift confirmed on Twitter that his staff will remain employed by ORDER until the end of the administration’s tenure.
What will happen now?
The future of ORDER and the future of many of their esports teams is uncertain.
Graeme du Toit, head of sales and marketing at SL Australia, confirmed that the ORDER League of Legends roster will continue in the LCO Split 2 playoffs. He said that even though the Org went into administration, “fans who bought tickets to see the team will still have the chance to cheer them on.”
The future of their remaining esports teams remains unclear. Their CS:GO roster recently failed to make it out of play at IEM Cologne. Just two days before they were reported to be going into voluntary administration, the club signed striker Declan ‘Vexite’ Portelli on August 15.
With Vexit, the team is one step closer to qualifying for the IEM Rio Major later this year, securing a spot in the closed qualifiers for Oceanic RMR. But it is not clear whether they will continue to compete under the name of ORDER.