The running joke is that Snoop Dogg is completing side missions at this point in his career. Over 30+ years, the Long Beach native went from being middle America’s nightmare to Martha Stewart’s BFF. He has his hand in all sorts of bags, from music and television to youth sports and so much more. Snoop was also one of the first rappers to invest in the world of e-Sports. He joined Faze Clan’s board of directors last year, though it seems like the partnership has now ended.
According to Joe Pompliano, Snoop is no longer on board with Faze Clan. The Death Row owner reportedly resigned from his position as Faze’s stock drops. “He was given about $2 million in equity when he joined the company last year, but the stock is down 95% since, and his shares don’t vest for another year,” Pompliano reports. Following Snoop’s resignation, Faze Clan is reportedly trying to go private since their stock fell below a dollar.
Snoop Dogg Resigns From ESports Org
The news came after FaZe Clan filed its 2022 Q4 financial report on March 30th, which provided a major glimpse into the company’s success since going public. As part of the signing, Snoop reportedly told FaZe that he would be stepping down from his role on March 28th. However, FaZe noted that Snoop’s decision wasn’t due to “any disagreement with the company or any of its subsidiaries.” Though the rapper hasn’t publicly made any statements, it seems that the company’s financial plummet led to his resignation.
Snoop Dogg joined FaZe Clan around this time last year as a member of its talent network and board of directors. The impressive move led the rapper to help produce content and merchandise for the brand. In a statement to the Hollywood Reporter, Snoop explained that it was his son that introduced him to the world of eSports and Faze Clan. “My son Cordell [Broadus] put me up on FaZe Clan,” he said. “He’s really tapped into gaming, Web3, culture, etc. and knew this would be something that I’d be into.” What do you think is next for FaZe? Let us know in the comments below.
