ORDER files for voluntary administration
It does not look good for the Oceanic Organization.
Melbourne-based esports organization ORDER has filed for voluntary administration and is now up for sale. The news comes shortly after the Organization acquired Renegades' lineup in June as well as they brought back Declan "Vexite" Portelli earlier this week.
ORDER's administrator Shane Cremin told the newspaper "The Australian" that the organization is currently in talks with a dozen different potential buyers. Cremin also stated that ORDER's financial troubles are due to a lack of revenue, despite receiving a $3.6M investment in 2021.
The current CS:GO division of ORDER.
Simon "Sico" Williams
Jay "Liazz" Tregillgas
Alistair "aliStair" Johnston
Joshua "INS" Potter
Declan "Vexite" Portelli