Popular business outlet, Forbes, presented the list of the most valuable global cybersport organizations in 2020. According to the latest esports news, all the top-10 clubs are widely known brands, but the absence of some of the well-known names surprised. Login Casino explains the rankings and how some of the absent brands have reacted to it.

Coming closer to the end of 2020, many ratings keep appearing. Being the globally popular business and finance outlet, Forbes has presented the most valuable esports organizations' list this year. The ranking by revenues looks like the following:

Place in 2019	Top-10 in 2019	Oriented Value (million $)	Place in 2020	Top-10 in 2020	Oriented Value (million $)	Place progress	Value progress
1	Team SoloMid	400	1	Team SoloMid	410	-	10
2	Cloud9	400	2	Cloud9	350	-	-50
3	Team Liquid	320	3	Team Liquid	310	-	-10
4	FaZe Clan	240	4	FaZe Clan	305	-	65
5	Immortals GC	210	5	100 Thieves	190	5	-20
6	Gen.G Esports	185	6	Gen.G Esports	185	-	0
7	Fnatic	175	7	Enthusiast Gaming	180	newcomer	5
8	Team Envy	170	8	G2 Esports	175	1	5
9	G2 Esports	165	9	NRG Esports	155	newcomer	-10
10	100 Thieves	160	10	T1	150	newcomer	-10

As one can see, there are three newcomers in the rating, which are Enthusiast Gaming, NRG Esports, and T1. At the same time, the globally-known brands like Immortals GC, Fnatic, and Team Envy have left the Forbes' rankings.

What relates to the total value of the clubs, it is quite comparable to the previous year. Even though the cybersport industry is gaining momentum, esports organizations aren't growing 'vertically' and focused on 'horizontal' development. Also, the stricter competition doesn't allow for skyrocketing the revenues, while achieving top places is still possible.

Team Envy cannot understand such a rating, calling Forbes efforts a garbage

As the authors of the regarded rating weren't using the teams' official numbers, Forbes' rating is approximate enough. Talks with stakeholders, investors, and analysts aren't the full list of the persons that should be asked before forming such a list.

Thus, the CEO of Team Envy, Adam Rymer, shook the LinkedIn community by posting that "Forbes analysis rating is utter garbage." He explained how far their organization has moved in comparison to the previous year. Thus, he didn't understand why Team Envy's capitalization became lower compared to 2019 when they were placed 8th with $170M, while the recent 10th place valued at about $150M.

Nevertheless, one has to remember that suchlike ratings are the truth in the last resort.