Tricked Esport goes bankrupt and closes down

Tricked Esport officially announced its bankruptcy; consequently, it must close its organization doors.

The Danish organization Tricked Esport has lost one of its most important partners. As a result, tricked Esport loses funding from RightBridge Ventures; consequently, the organization is forced to declare bankruptcy and can no longer continue to operate.

Tricked Esport goes bankrupt and closes down

Tricked Esport has been struggling with its financial operations for some time; last February, the organization announced that its operating costs had increased due to the crisis in the esports industry.

Again Tricked Esport makes an announcement, but this time it is to inform the entire community that the organization has lost the support of its major investors, so it must cease operations and close its doors; in other words, the organization ceases to exist.

According to the organization’s press release, the directors were working to reduce operating costs and succeeded. However, after a thorough review, they realized the conditions were inadequate to continue operating.

As a result, the organization has asked the country’s bankruptcy court to suspend all activities and operations until a massive liquidation occurs.

About Tricked Esport

The Danish organization was born in 2012. Since then, it has formed squads to participate in different esports. The organization had teams from:

• League of Legends
• CS:GO
• Fortnite
• Hearthstone
• FIFA

In addition, Tricked Esport ran an academy program designed to provide opportunities for potential esports players in both VALORANT and Rocket League.

Comments on the closing of Tricked Esport

In the press release, the company’s directors comment that they feel extremely sad about the situation they are going through. On the other hand, they are grateful for all the employee’s efforts and dedication to the organization. Each coach, player, and staff have put their soul into their work thanks to their passion for esports.

At the same time, in the press release, they thank all the fans who have supported them in every esports and their players for years. To conclude their press release, they also thank their partners who supported them to help them position themselves as a great organization.

Crisis in esports

In recent months we have seen how many esports organizations face severe financial crises due to the global economic crisis. Among the large organizations in difficult situations, we can mention FaZe Clan, Astralis, and Heroic.

On the other hand, there is also CLG, which had to sell the organization to NRG Esports due to the financial crisis. Now another organization joins the list, but the news is much more unfavorable as Tricked Esport closes its doors.

Header: Tricked Esport