EGW-NewsThe organization Copenhagen Flames has declared bankruptcy and is ceasing its operations

08:5202.05.23

The organization Copenhagen Flames has declared bankruptcy and is ceasing its operations

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The Danish esports organization Copenhagen Flames has announced its insolvency and cessation of operations. Last week, all staff were offered to resign due to the lack of finances.

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In late April, the club announced that they were seeking additional investments, but it seems that CPH Flames were unable to secure the necessary funds.

Copenhagen Flames was founded in 2016. One of the biggest successes during that time was the CS:GO team's performance in the playoffs of PGL Major Antwerp 2022. Currently, it is unknown what will happen to the Valve shooter team's roster in the future.

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