Copenhagen Flames players stock up on CS:GO stickers as org enters liquidation

Copenhagen Flames players stock up on CS:GO stickers as org enters liquidation

Written by 

Jack Marsh


2nd May 2023 15:58

Luckily enough, insider trading regulations don't come into play for the Counter-Strike: Global Offensive skin trading market, and amidst some quite devastating news in the esports scene, some players have used their nuance to get ahead of the market.

After entering CS:GO in 2016, amassing over $500,000 in winnings, and qualifying for both the PGL Antwerp Major 2022 and PGL Stockholm Major 2021, the Copenhagen Flames have now announced their exit from esports - having been forced into liquidation.

The Danish organisation announced that they have filed for bankruptcy, which has resulted in all of its staff and players being severed from the brand.

Having had the heads up on this before the org officially filed, players have now been kopping their own signatures from the CS:GO marketplace - knowing that they'll rise in popularity with the Flames being extinguished. 

Copenhagen Flames file for bankruptcy

Click to enlarge

The Flames have had quite a storied career in CS:GO, producing some of Europe's most talented players, winning a number of regional events, and playing on the world stage on multiple occasions. 

However, the organisation has now declared bankruptcy, ending its seven-year tenure in CS:GO with a sizzle. Just two weeks ago, the Copenhagen Flames announced that they were searching for investors, with a sum of $740,000 needed to balance the books.

Copenhagen Flames players buy all CS:GO Holos one day before the org declared bankruptcy

But when one fire goes out, another one sparks, and Copenhagen Flames players have now started securing another severance package by taking to the CS:GO market and buying any pre-existing holos and stickers attached to the Flames' brand.

In particular, Asger "farlig" Jensen and Rasmus "raalz" Steensborg were seen purchasing a handful of holos before the bankruptcy was announced. They seemingly fully knew that the Flames will never receive more branded content in-game, meaning their value would shoot up.

Over the next few months and years, the prices will likely rise, as collectors and die-hard Flames fans will look to have a piece of esports history in their locker. This means the players can cash in on their former org's downfall.

Jack Marsh
About the author
Jack Marsh
Jack is an Esports Journalist at GGRecon. Graduating from the University of Chester, with a BA Honours degree in Journalism, Jack is an avid esports enthusiast and specialises in Rocket League, Call of Duty, VALORANT, and trending gaming news.
Five esports events receive Sports Emmy nomination
StarLadder announces return to CS as event calendar fills up for 2025
New Red Bull CS:GO documentary hits all the notes of one of esports' finest eras
Valve allegedly forces CS Major sticker redo, expected to be on sale soon
YNk shares frustration over Major snub, says it's not a budget issue