North esports organisation to be shut down

The owners of Danish esports team North have announced that the organisation will be wound down. The announcement comes just weeks after North signed new talent to its Counter-Strike roster and was continuing to compete and make content as per usual up until today.

According to a statement, North's investors (FC Copenhagen owners Parken Sport & Media and Nordisk Film) have decided to cease operations, citing the coronavirus pandemic's impact on the esports industry as the reason.

"We have searched the market to get one or more co-investors on board the project, but have unfortunately not found the right match," says Lars Bo Jeppesen, chairman of North and director of Parken Sport & Entertainment. "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."

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