ORDER has entered voluntary administration, leaving the players and staff under a cloud.
AUSTRALIA – Melbourne-based ORDER faces an uncertain future with the company entering voluntary administration to avoid total collapse. The organization is currently carrying about AU$200,000 in outstanding debt despite having raised AU$5.3 million in capital just last year. The lingering impact of the COVID-19 pandemic as well as cashflow issues were significant reasons behind the sudden collapse of one of Oceania’s largest esports organizations, according to a report by Dot Esports.
The move was confirmed in a notice of appointment released by the Australian Securities and Investments Commission (ASIC) on August 12, with Shane Cremin of Rodgers Reidy appointed as a voluntary administrator of Order Esports Pty Ltd. In addition to providing an overall assessment and rearranging financial affairs, the appointed administrators will soon move ahead with a public sale, in which “a dozen interested parties” are already at various stages of consideration.
“The business [ORDER] is for sale and not completely dead yet. Interested parties should contact the appointed administrators,” stated Chris “GoMeZ” Orfanellis, ORDER’s CGO in a Tweetlonger. “ORDER is the current OCE Champions in every title we play. These are the best of the best players and staff and any organization, domestic or international, should be looking at them.” he continued.
(Photo courtesy of ORDER)
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Established in 2017, Melbourne-based ORDER, owned by Disorder Media House, currently fields five championship-caliber rosters in VALORANT, Counter-Strike: Global Offensive, League of Legends (LCO), Fortnite, and FIFA, as well as six content creators on the books: Fasffy, Stodgy, Nattea, Mitchgames, Bluey, and Maximize.
For the past two seasons of the VALORANT Oceania Tour circuit, Matthew “Texta” O’Rourke and co. have won two back-to-back championships to become regular contenders in the wider-APAC circuit. However, the future of Australia’s current best team is now up in the air.
The sudden collapse may have been caused by a high burn rate of capital into the content and lifestyle space and multiple high-profile buyouts this year, most notably the acquisition of the full Renegades CS:GO lineup after successfully raising AU$5.3 million in capital last year.
Will this be the end of ORDER? Not if the newly-appointed administrator can successfully sell the organization to a new owner.
ORDER currently has the following roster in VALORANT:
- 🇦🇺 Matthew “Texta” O’Rourke
- 🇦🇺 Cameron “disk0” Mac
- 🇦🇺 Elvin “Maple” Sun
- 🇦🇺 Riley “rDeeW” Wilkinson
- 🇱🇦 Michael “WRONSKI” Wronski
- 🇦🇺 Oliver “DickStacy” Tierney (Coach)
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Cover photo courtesy of Getty Images/Riot Games
