ENCE Files for Bankruptcy After 13 Years in Esports
Written with artificial intelligence.
Finnish esports organization ENCE has announced its bankruptcy following 13 years of notable achievements, including a Major final and three MVP titles. The decision reflects a significant decline in revenues and operational challenges faced in recent years.
ENCE's Journey in Esports
ENCE, a prominent name in Finnish esports, has confirmed that it will file for bankruptcy, as decided by its board of directors. This marks the end of a significant chapter in the history of Counter-Strike.
Founded in April 2013 in Helsinki, ENCE became synonymous with top-tier Finnish CS, achieving remarkable milestones, especially in 2019, when the team, led by Aleksi “Aleksib” Virolainen, reached the IEM Katowice Major final and secured two MVP event victories. In total, the organization won three MVP events throughout its tenure.
Financial Struggles
Recent financial reports highlight a steep decline in ENCE's revenue, dropping from a peak of 6.31 million euros in 2023 to just 1.32 million euros in 2025. The organization incurred a loss of approximately 940,000 euros for 2025, prompting significant cost-cutting measures, including staff reductions. Despite these efforts, the financial situation continued to deteriorate, leading to the decision to file for bankruptcy.
Future of the Team
At the time of its dissolution, ENCE's last roster included players such as Teemu “teme” Korva and coach Aleksi “allu” Jalli. Allu expressed his heartbreak over the situation on social media and promised to provide more details soon. The future for the players and coaching staff remains uncertain, with fans awaiting updates on their next steps.
While the bankruptcy is a disappointing conclusion to ENCE's journey, the organization's legacy in promoting Finnish talent and competing at the highest levels of esports will not be forgotten.