New Breed Agency ApS, the company behind the Parken Challenger Championship series for Counter-Strike 2, has announced that it has entered bankruptcy proceedings. The information was shared through the tournament operator’s official social media channels.
According to the company's statement, its representatives spent the past several months actively seeking additional funding in an effort to secure the future of the project. However, they were ultimately unable to find a viable solution, leaving the company unable to continue operations and forcing it to initiate bankruptcy proceedings.
As a result, Parken Challenger Championships #9–16 and the Parken Stadium Master Finals have been officially canceled.
The organizers also confirmed that a number of teams have yet to receive prize payments from previous events. All matters related to unpaid prize money, compensation claims, and outstanding debts will now be handled by a court-appointed bankruptcy trustee in accordance with insolvency regulations.
Those affected by the situation include teams, players, business partners, and tournament staff.
Notably, the Ukrainian organization B8 earned enough Valve Ranking points through its victory at Parken Challenger Championship #3 to secure qualification for IEM Cologne Major 2026.
As previously reported, the Ukrainian Esports Federation has published the schedule for Stage 3 of the Ukrainian Championship in Dota 2 and CS2.