Coming as a surprise to many, Nordisk Films and Parken Sport & Entertainment decided to cease operations of the Danish esports organisation North on Friday, February 5th.
Nordisk and PS&E also own FC Copenhagen, and cited ‘strategic focus’ in a release as the reason for shutting North down. In a DBLTAP article published in November, it was reported that North CEO Christopher Håkonsson had stepped down, and that the org was seeking additional funding.
Given this, it seems North’s parent companies were unable to find co-investors to fund North’s future, despite North being an established brand in CS:GO and also having fielded teams in FIFA and Apex Legends.