Into The Breach to Cease Operations

Into The Breach to Cease Operations

Business

28 January 2025 14:44

Into The Breach has announced it will be "winding down operations" following what it described as "significant mismanagement within the organization." In an official statement posted on X (formerly Twitter), the team revealed that an individual responsible for all financial and monetary decisions had been embezzling funds for personal use.

The person in question, Sam "SlayTheMinotaur" Cook, admitted to operating "as two people." While he worked to match the efforts of his staff and players in striving for success, he also acknowledged being a "destructive, alcoholic narcissist hellbent on self-immolation."

In response to a post about the situation, Sam admitted to taking "around £600k in director's loans" at improper times and without following the correct procedures. He further revealed that Into The Breach earned approximately "£4m in 2023" and is projected to make "around £1.5m by 2024."

More:BLAST Austin Major Details Announced

2023 marked the team's most successful year, highlighted by its Counter-Strike roster qualifying for the BLAST Paris Major. The squad finished in the top eight, earning USD$45,000. However, the team's main financial source was the sticker money from that competition. According to Sam's post, he paid the players from various sources, amounting to "around $241,071.61 per player."

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Into The Breach to Cease Operations

Business

28 January 2025 14:44

Tags: Into The Breach

Into The Breach has announced it will be "winding down operations" following what it described as "significant mismanagement within the organization." In an official statement posted on X (formerly Twitter), the team revealed that an individual responsible for all financial and monetary decisions had been embezzling funds for personal use.

The person in question, Sam "SlayTheMinotaur" Cook, admitted to operating "as two people." While he worked to match the efforts of his staff and players in striving for success, he also acknowledged being a "destructive, alcoholic narcissist hellbent on self-immolation."

In response to a post about the situation, Sam admitted to taking "around £600k in director's loans" at improper times and without following the correct procedures. He further revealed that Into The Breach earned approximately "£4m in 2023" and is projected to make "around £1.5m by 2024."

More:BLAST Austin Major Details Announced

2023 marked the team's most successful year, highlighted by its Counter-Strike roster qualifying for the BLAST Paris Major. The squad finished in the top eight, earning USD$45,000. However, the team's main financial source was the sticker money from that competition. According to Sam's post, he paid the players from various sources, amounting to "around $241,071.61 per player."

Share:

Sources:

Report mistake   

Submit news   

Related news

View All

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Into The Breach Shuffle has announced a new partnership with Gjirafa50, an online retailer based in Kosovo, which will serve...

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Sep 18, 2024

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Into the Breach has welcomed Dionis "sinnopsyy" Budeci as their new in-game leader for their freshly formed team....

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Jun 11, 2024

Into The Breach Partners with Shuffle

Into The Breach has announced a significant partnership with online crypto casino Shuffle.com. The collaboration will lead...

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Jun 05, 2024

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Karol "rallen" Rodowicz and Joey "CRUC1AL" Steusel have disclosed their placement on the transfer list by [[Companies/Into the Breach|Into the...

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Mar 14, 2024

ITB to Bench "Thomas"

Into The Breach announced their decision to bench Thomas "⁠Thomas⁠" Utting. 26 year old stated "I'm set on...

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Mar 05, 2024