Copenhagen Flames file for bankruptcy, pull plug
The Danish esports organization Copenhagen Flames filed for bankruptcy and terminated all personnel.
CEO Steffen Thomsen announced the news Monday, bringing an end to the Counter-Strike: Global Offensive team that was founded in 2016.
In a statement posted on social media, Thomsen wrote that the actions were taken last Friday because the Flames were "unable to find funding for our club going forward."
"For the past 6 m