ENCE to File for Bankruptcy After Revenue Fell 79% in Two Years
11 Articles
11 Articles
Ence is particularly known for his success in Counter-Strike.
It is Finland's largest e-sports team. Now Ence is filing for bankruptcy, the club announces.
Ence is particularly known for its Counter-Strike team, which enjoyed success in the 2010s.
The company has made losses of over 1.5 million euros over the past two years.
Finnish esports organization ENCE has decided to file for bankruptcy after 13 years of operation. The organization was a renowned CS2 team that came in second place at the 2019 IEM Katowice Major, and on r/cs2, there are expressions of regret and criticism of the financial difficulties in the esports industry.
ENCE to File for Bankruptcy After Revenue Fell 79% in Two Years
The board of ENCE eSports Oy has decided to file for bankruptcy, ending the Finnish organization’s 13-year run two years after its revenue peaked at €6.3 million EUR ($7.1 million USD). “After 13 years, the Board of Directors of ENCE eSports Oy has made the difficult decision to file for bankruptcy,” the company said in a statement posted to X on Monday. The statement thanked players, staff, partners and fans and gave no reason for the decision.…
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