Danish Organisation North has made it public today that it will be shutting down. Here is their announcement:
Today is a sad day. North Esports is no more.
— North (@TheNorthIsHere) February 5, 2021
Ty for all ❤
</North>https://t.co/KNeSvhvO0p
Why is North shutting down?
In their statement, North’s backing organisations Parken Sport & Entertainment and Nordisk Film revealed that the main reason for shutting down was due to the pandemic affecting large parts of the industry. On account of this, these organisations saw it fit to no longer invest in North and focus on their other businesses.
This is what Lars Bo Jeppesen, Chairman of North, had to say:
“We are of course sorry that we now have to close the Danish-based e-sports company North, which has made a great impression in international e-sports. We have searched the market to get one or more co-investors on board the project, but have unfortunately not found the right match.”
Source
If you’re an avid CS:GO fan and watch official matches on the regular, you know who North are, and their struggles during 2020. Despite this, they will be leaving an amazing legacy to remember. Here are some of their best results in CS:GO:
- 1st at DreamHack Masters Stockholm 2018 – 2nd September 2018 – $100,000
- 2nd at ESL Pro League Season 5 – Finals – 4th June 2017 – $100,000
- 3rd-4th in ELEAGUE CS:GO Premier 2017 – 12th October 2017 – $70,000
Will the organisation come back?
In their statement they also address the possibility of North returning, and despite the realisation of the potential that the esports industry has, they will have to work based on how the pandemic continues to develop, and see from there.
We didn't come back stronger.
— North (@TheNorthIsHere) February 5, 2021
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