Marko ‘mak1’ Milošević, CEO of E-FRAG.tv, took to twitter and announced that the tournament organizer and production company will be “no more.” The entity still owes players and staff in excess of $100,000, including those that participated in the 2016 Counter-Strike: Global Offensive World Championships. E-Frag.net was a gaming portal that organized tournaments and news as surrounding the esports title CS:GO.

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but us as a company Efrag as well. Unfortunately after this battle that lasted around a year now, Efrag will be no more, I was not able to bring Efrag back to what it was before the money issues happened concerning Azubu. — efrag mak1 (@efragovic) September 3, 2018

E-Frag, while owing more than $100,000 in prize purse and staff payments, continued to operate for some time shifting from major tournament organizer to more of a production company. They were picked up by the ESG Tour to produce an event in Mykonos, Greece that saw a canopy collapse on one of their cast and saw numerous delays and audio issues with the stream. Up until the announcement, E-Frag was still running cash tournaments such as the Farmskins Championship series of tournaments.

The money woes, according to Milošević, had everything to do with the lack of sponsorship payments that were supposed to come from their partnership with Azubu in 2016, then, an esports broadcast site similar to Twitch.

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, so we could find a way out of this really hard situation we found ourselves in after illegal breach of partnership contract agreement by Azubu. Which doesn’t only owe the players that participated in the The World Championships 2016. a considerable amount of money, — efrag mak1 (@efragovic) September 3, 2018

Engin “MAJ3R” Kupeli, who played on behalf of his home country of Turkey and won the CS:GO 2016 World Championships is now resigned to the fact, he and his teammates will never see any part of the $60,000 owed.

“I wish that no other player will have to go through this or have the same issue,” Kupeli said. “There’s no need to be angry or mad. Can I do or say anything to make it different? No. It’s time to move on.”

Related: The Hitt List: E-Frag