FaZe Clan, a popular American eSports organization, has been struggling with several issues recently ranging from payment disputes to complaints about the uneven distribution of power among higher-ups. Even the celebrity member, Snoop Dogg, has left the company’s Board of Directors citing his resignation as “effective immediately”. Although it is unclear what his contributions to the company were, during his appointment, the rapper was paid almost $2 million in company stock that were supposed to take one year to be vested. However, it is believed that he didn’t receive the promised amount since the company’s stocks have fallen significantly.

This news comes after FaZe Clan filed its 2022 Q4 financial results that revealed some interesting insights about the company’s finances. According to the SEC filing, Snoop Dogg’s departure wasn’t because of “any disagreement with the company or any of its subsidiaries.” There haven’t been any official statements about why he decided to leave the company, but according to some experts, this move may work in favor of the clan.

However, due to the fall in the stock value, Snoop’s payment for seven months of service as a board member may have been close to $53,184, according to Sportico. The company has also received a Nasdaq notice that gives it 180 days in 2023 to regain compliance. This means it has to maintain a share price over $1 for ten consecutive business days. The company has already been cutting costs by laying off employees, and the celebrity member may have been “too expensive” for the company to afford.

Overall, this news sheds light on the ongoing struggles of FaZe Clan and its attempts to regain compliance while also addressing internal issues.