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.

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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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