Rumors: Tournament operator Nerd Street Gamers is considering exiting the scene or selling itself

According to The Esports Advocate, North American tournament operator Nerd Street Gamers is considering leaving the scene or selling itself. The company is facing serious financial difficulties and is now looking into the next steps to get out of this situation.

It is reported that the management of Nerd Street Gamers is actively looking for ways to get out of debt. In particular, the tournament operator approached such companies as Belong Gaming Arenas, eFuse, PlayFly Esports/PlayFly Sports and LeagueSpot, as well as the venture capital fund SeventySix Capital, offering a possible acquisition or additional investment in the project.

Thus, Nerd Street Gamers can both sell its assets to competitors and attract additional investments from outside in order to continue its work in the industry. At the time of publication of the material, the parties did not comment on the rumors.

Recall that recently there was information about the reduction in the number of employees in Nerd Street Gamers by a quarter. In addition, the tournament operator owes prize money to participants in their past VALORANT championships. Then the company's leaders noted that they were working on paying off debts, however, apparently, the situation had not moved from the "dead point".

According to the source, Nerd Street Gamers still runs online tournaments and has not yet filed for bankruptcy protection with the United States Bankruptcy Court for the Eastern District of Pennsylvania. It is likely that the situation will clear up in the near future, as the tournament operator will continue to look for options to get out of a difficult situation.