Copenhagen Flames, a Danish esports group, has acknowledged that they’ve filed for chapter and terminated all workers.
CEO Steffen Thomsen clarifies that they made their choice after they may not discover sufficient monetary assist to take care of the membership’s operations.
Simply two weeks in the past, Copenhagen Flames reported that they have been trying to find a $740,000 funding that would assist them to stability their books and set up a number of initiatives which might guarantee their monetary success by 2024 in addition to past.
Based on Copenhagen Flames, they outline themselves “Ajax of Esports” with satisfaction due to their functionality of elevating younger and gifted gamers and transferring them to make a revenue. In 2021, their CSGO staff made the unattainable and certified for PGL Main Stockholm with barely recognized gamers which is repeated by reaching the playoff stage of PGL Main Antwerp.