ENCE Files for Bankruptcy After 13 Years in Esports

Finnish esports organization ENCE has announced its decision to file for bankruptcy. The official statement was released on October 26, 2026. The board of directors of ENCE eSports Oy decided to cease the club's operations after 13 years. The organization is known for its achievements in Counter-Strike, including reaching the IEM Katowice Major 2019 final and winning IEM Dallas 2023.

"1. ENCE Files for Bankruptcy After 13 Years in Esports","1.1. Why Did ENCE File for Bankruptcy?","1.2. ENCE's Biggest Achievements in Counter-Strike","1.3. What Will Happen to ENCE's Players?"

Why Did ENCE File for Bankruptcy?

ENCE's management did not disclose the specific reasons behind the organization's closure.

However, financial reports indicate serious difficulties in recent years.

Key financial figures:

• 2024: Approximately €680,000 in losses.

• 2025: Approximately €940,000 in losses.

• Total losses over two years: €1.62 million.

• 2025 revenue: €1.32 million.

For comparison, ENCE generated €6.31 million in revenue in 2023.

In its official statement, the organization thanked its players, employees, partners, and fans for their years of support.

ENCE's Biggest Achievements in Counter-Strike

Founded in 2013, ENCE became one of Finland's most recognizable esports organizations.

The club's most notable achievements:

• Reaching the IEM Katowice Major 2019 final, where it lost to Astralis.

• Winning BLAST Pro Series Madrid 2019.

• Winning IEM Dallas 2023.

• Winning Elisa Masters Espoo 2024.

The Finnish lineup led by Aleksi "Aleksib" Virolainen became particularly popular.

Later, an international roster featuring Marco "Snappi" Pfeiffer brought ENCE back among the world's strongest teams.

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What Will Happen to ENCE's Players?

In March 2026, the organization parted ways with its international CS2 roster and shifted its focus to developing Finnish talent.

In April, academy players became the main team, while Aleksi "allu" Jalli was appointed head coach in June.

At the time of the bankruptcy announcement, ENCE ranked 103rd in the global Valve Regional Standings (VRS).

The future of the current players, coaching staff, and academy project remains uncertain.

The bankruptcy decision brings an end to the 13-year history of one of the most recognizable organizations in Finnish Counter-Strike.