British Chinese esports organisation MNM Gaming have entered administration, meaning they are closing down and their assets are being sold in order to pay those they owe.
While the news may come as no real surprise given MNM Gaming have been dormant since the MNM Rainbow Six Siege roster left the organisation over a lack of payments last November, it’s the first public confirmation that the org are fully winding down.
The Molotovs and Marshmallows Limited page on Companies House lists the company status as ‘in administration’, as of January 30th 2024.
UK-based insolvency firm Begbies Traynor was appointed administrator of the esports organisation on February 11th.
MNM’s former Rainbow Six team said in a joint statement last November that they were collectively owed more than £200,000 by the org.
The roster consisted of UK players Nafe, Tyrant and Yuzus, plus Croatian player neLo and Turkish player Solotov, as well as Brazilian coach Julio and French analyst/coach Eden.
That roster have since gone on to do other things. neLo had a brief stint with Mkers, while Nafe moved to DarkZero and Tyrant joined Fnatic. Coach Julio is currently with Bleed Esports.
MNM Gaming are one of several esports and gaming businesses that have closed down over the past year during the so-called ‘esports winter’.
Fellow UK org Vexed Gaming are shutting down, Promod Esports closed and the ESL UK & Ireland Premiership was shuttered last year too, to name a few.
When Esports News UK initially heard about late payments at MNM last year, we looked into the matter and were initially told that the players would be paid. We also learnt that MNM were seeking additional funding, which ultimately didn’t materialise.
Esports News UK reached out to MNM founders Kalvin ‘KalKal’ Chung and Daniel ‘Javelin’ Chung, and will update this article if we receive comment.
Dom is an award-winning writer and finalist of the Esports Journalist of the Year 2023 award. He graduated from Bournemouth University with a 2:1 degree in Multi-Media Journalism in 2007.
As a long-time gamer having first picked up the NES controller in the late ’80s, he has written for a range of publications including GamesTM, Nintendo Official Magazine, industry publication MCV and others. He worked as head of content for the British Esports Federation up until February 2021, when he stepped back to work full-time on Esports News UK and offer esports consultancy and freelance services. Note: Dom still produces the British Esports newsletter on a freelance basis, so our coverage of British Esports is always kept simple – usually just covering the occasional press release – because of this conflict of interest.
