Kelly Meyerhofer | Wisconsin State Journal
The ownership group of North Esports announced Friday that the Danish organization will be dissolved due to the economic impact of the COVID-19 pandemic.
Founded in 2017, North was a join venture between entertainment company Nordisk Film and Danish football club FC Copenhagen owner Parken Sport & Entertainment. However, the parent companies said the negative financial impacts of the global pandemic led to a decision to discontinue investing in the esports space together.
North fielded teams and players in several games. Their Counter-Strike: Global Offensive (CS:GO) team won multiple DreamHack events, and the organization also competed Apex Legends and FIFA. According to the announcement, the FIFA players will stay under the direction of FC Copenhagen to remain a part of the eSuperliga while the other teams will be gradually dissolved.
“We have searched the market to get one or more co-investors on board, but unfortunately have not found the right
The University of Wisconsin System estimates COVID-19 has cost campuses a net $318 million loss from last March through the end of 2020.
Never has a financial landscape like the one currently facing the System made a better case for giving campuses the authority to borrow, officials told the UW Board of Regents at a Thursday meeting, just days before the 2021-23 state budget process begins when Gov. Tony Evers unveils his proposal Feb. 16.
The System is unique in lacking borrowing ability, a constraint that is particularly challenging because of the short-term cash-flow problems the pandemic created.
UW-Madison sustained more than half of the System’s net losses, $176.5 million, since the pandemic hit last spring.
Its auxiliary units, or entities that normally are self-supporting
One fallout of the pandemic has been a wave of job losses as well as several companies cutting their employees’ wages. The notion of a job for life is all but dead, and the gig economy is constantly adding millions to the list of workers with no employment security.
This have resulted many to rethink is there a stable career anymore? Is there a career that will reward loyalty? Is there a career that will reward your experience, knowledge, and skill?
Why should you consider financial planning?
Many opportunities have emerged in the financial planning practice after COVID-19.
PHOENIX, Feb. 4, 2021 /PRNewswire/ — Many organizations shuttered doors and turned away customers in the wake of the pandemic. But the “Angel of the Year-Business” lived up to its title. Desert Financial Credit Union invested more than $5 million in 2020 to help members ($2,227,200), the community ($1,229,413) and employees ($1,815,279) during this time of need.
The state’s largest credit union and a member-owned cooperative, Desert Financial’s mission to share success fuels a robust focus on philanthropy and community engagement. When the pandemic broke, leaders decided to double-down on that people-first strategy and instead of scaling back, moved ahead with record giving back.
“As an essential service, it was important to do everything in our power to remain open,” said Jeff Meshey, President and CEO at Desert Financial. “It’s critical for people experiencing anxiety to know their finances are protected and accessible. So, we took measures
This story has been updated to correct a mistake that appeared in the original version. The name of the Greek’s Catering and Events food truck co-owner is Stelios Peterson.
Food trucks were a bit taboo in Pensacola five years ago. Now, they’re everywhere in the city in 2021, representative of a shift in the restaurant industry, at least temporarily.
Today, you’ll find food trucks morning, noon and night serving customers at neighborhood subdivisions and apartment complexes and in the parking lots of bars, breweries and other businesses all across Northwest Florida.
“The restaurants were all up in arms against them and everything, and food truck ordinances were being passed around and passed on by City Council over
The COVID-19 pandemic that has stalled office leasing has given Dallas-Fort Worth one of the highest office vacancy rates in the country.
At the end of 2020, D-FW ranked sixth among the country’s highest office vacancy markets, according to the latest survey by commercial property firm Cushman & Wakefield.
More than 21% of the area’s office space was empty at the end of the year — up from 18.6% at the close of 2019. Those numbers don’t include the more than 9 million square feet of empty sublease office space on the market in North Texas.
The country’s highest office vacancy was in Fairfield County, Conn., a suburb of New York. Houston was also near the top of the list with a 24.3% vacancy rate, according to Cushman & Wakefield.
Net office leasing in North Texas declined by almost 5 million square feet in 2020 — the biggest drop in