ESWC Bankrupt

BY Andrew Miesner / April 5, 2009

In shocking news it has been revealed today that Games-Services, the parent company of ESWC, is undergoing judicial liquidation (bankruptcy). 

 

According to this document first revealed by team-aaa.com, the case was filed March 3, 2009.

We contacted Games-Services for a statement and they provided us with the following:

Paris, April 5, 2009

Games-Services SA ceases all activities. Its liquidation has been pronounced by the Commercial Court of Paris March 30, 2009. In consequence, all the employees and managers have been relieved from their duties and laid off April 2nd, by the adjudication. The process of liquidation, which is starting this week, will notably organize the potential trade-in or resale of the company’s assets including the Electronic Sports World Cup and Overgame.

 

Following on the heels of the recent MYM bankruptcy news this is definitely bad news for the international eSports scene that is struggling in the global economic crisis.  ESWC had previously announced the global final would be postponed to a later date, but this newest information casts serious doubts as to the future of the organization.

Stay tuned for all updates as they occur.

 

Source: team-aAa

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