I'm not hot on that font but if you had to, you could keep it and make it work. The problem you have is too many graphic elements going on at the same time, along with too many conflicting angles. Also the barely noticeable checkered flag in the background is just another distraction.
Take away any two out of the three graphic elements and redesign with one only. Here's what I mean as an example. Keep it simple stupid (KISS) It's a logo, not a pictorial.