A few months ago, the Danish organization announced that there was a chance that they would go bankrupt due to insufficient funds, but despite all their efforts, they failed to solve the problem and after seven years of existence, we will no longer see the team that produced a lot of phenomenal players. player.
Dear Flames fans and followers, it has been an absolute privilege to be a part of your lives for the last 7 years.
— Copenhagen Flames (@CPHFlames) May 1, 2023
We have filed for bankruptcy.
Please read our statement here:https://t.co/ncB6wh2NSl
Thank you and BringTheFlames ♥️???? pic.twitter.com/h29Ssp3hlv
The owner of the organization took the blame on himself, mentioning in a statement that all the money his team was making was invested back into the team to make more. better results and how Copenhagen Flames could be as competitive and strong as some of the most famous organizations in the world. The financial crisis in the world greatly affected the help of sponsors, and since there were no results from their teams, it became more and more difficult to keep the team together. The investors they spoke with were not satisfied š they would have to give money at the same moment in order for the club to survive, and they also did not like how the esports ecosystem has turned out in the last period.
always gonna remember what u did for me <3
— FNATIC nicoodoz ☔ (@nicoodoz) May 1, 2023
This team was played by TeSeS, one of the best players of Heroic at the moment, as well as the current ingame leader G2 Esports >-a, HooXi. Farlig took his first steps in management there, and later played for Astralis, and we should also mentionroejJ and nicoodoza who are currently performing for fnatic.
❤️❤️????
— Fredrik Røj (@roeJcsgo) May 1, 2023
The financial crisis and how it affects esports, domestic Partizan Esport went through a similar situation, when it comes to canter. It's sad that we have more and more teams with a history of leaving, and it will be interesting to see which organizations will be forced to go down the same path in the future, specifically FaZe most will mention that when it comes to financial problems from bigger names, it will not be easy for anyone as long as the economic crisis is present in the world.
