OverActive Media shuts down MAD Lions CSGO after $15.4M net loss

MAD Lions logoMAD Lions

OverActive Media has announced the closure of the MAD Lions CSGO side after the company posted a loss of over $15 million in 2021.

MAD Lions are a Spanish org fielding a League of Legends team and, until April 19, 2022, a Counter Strike team, as well.

With one tweet, the CSGO side was no more, with all of their players officially without a home.

MAD Lions cease CSGO operations

In a Spanish tweet on April 19, MAD Lions announced the closure of the CSGO team, which had previously competed at the highest level.

Article continues after ad

“Today we close a stage in MAD Lions. We announce the closure of the CS:GO division,” the tweet said, according to Google translate. “We have incorporated our players into the transfer market and we will work together with them to find them a new home.”

While the tweet didn’t name the exact reason for MAD Lions calling quits on CSGO, the side saw little success after winning Flashpoint Season 1 in 2020.

However, a lack of success might only be part of the story. In their fourth quarter financial results from 2021, OverActive Media revealed a net loss of $15.4 million.

Article continues after ad

Taking into account the lackluster performance, and the financial losses of their parent company, it makes sense then that OverActive chose to axe MAD Lions CSGO side, instead of the more successful LoL team.

Flashpoint trophy on stage with MAD Lions logoFlashpoint
MAD Lions last first-place finish at a major CSGO event was Flashpoint Season 1 in 2020.

MAD Lions players are now free agents, but it remains to be seen which teams will end up picking them up.

The org could return to CSGO in the future, but for now it seems that MAD Lions and OverActive media are bidding farewell to CSGO for the foreseeable future.

Article continues after ad

Related Topics