Popular Esports organization North has shut down all operations due to financial struggles amid the COVID-19 pandemic. The Denmark-based organization shared the news in a Tweet earlier today.
Owing to financial difficulties as a result of the unfortunate pandemic, Parken Sport & Entertainment and Nordisk Film chose to stop investing in North and focus on their core businesses instead.
“We have searched the market to get one or more co-investors on board the project, but have unfortunately not found the right match,” Lars Bo Jeppesen, chairman of North and director of Parken Sport & Entertainment, said in a press release. “It will require significant continued investment to create a sustainable business in the future and therefore we believe that the sole responsibility for our overall business is to focus all our focus on our core business in FC Copenhagen, Parken, and Lalandia, just as Nordisk Film will focus on its large core and growth businesses.”
The press release states that FC Copenhagen will take over the FIFA roster from North in order to continue being a part of the eSuperliga. However, the (now former) CSGO and Apex Legends rosters of North will likely be discontinued.
