Copenhagen Flames goes bankrupt and closes

Danish club Copenhagen Flames took it to Twitter to announce that they went bankrupt and are suspending all operations. It was reported that management laid off all staff at the end of last week, as the organization failed to resolve the financial issues.

At the end of April, Copenhagen Flames began seeking for investments by placing an advert on Capino. However, the organization fell short to raise funds for supporting activities.

Copenhagen Flames was founded in 2016. During the existence of the CS:GO division, club's most notable achievement was participation in the PGL Major Antwerp 2022 playoffs. The future of the club's current roster, which at the time of writing continues to compete at several tournaments, is unknown.

In seven years, many famous players have competed for the organization, including Rasmus "HooXi" Nielsen, Jakob "⁠jabbi⁠" Nygaard, Fredrik "roeJ" Jørgensen and René "TeSeS" Madsen.

Copenhagen Flames is not the first Danish club to face financial problems. Earlier, Tricked went bankrupt, while Heroic and Astralis also experienced difficulties with funding.