Once the only real big kid on the block, Major League Gaming (MLG) has been in a bit of a downward spiral the last couple of years. With the quickly growing popularity of eSports and rivals popping up left and right, MLG was struggling to keep up with the demand. Having suffered huge financial issues, and multiple debts accruing in the millions, the doors of the once biggest name in eSports are closing.

MLG's biggest tournament games were Call of Duty and StarCraft II. With Blizzard starting to host their own tournaments for StarCraft and leading competitor ESL named as the tournament runner for the Call of Duty World League, it was slim pickings for Major League. The company that owns their two biggest games, Activision, bought out MLG for $46 Million, but most experts seem to believe this will barely cover the debts they have collected over the last few years. While the world is still trying to figure out what part eSports is going to play in modern entertainment, one thing is certain, the big boys that started it all will no longer be a part of it.

Source: eSports Observer