Last week we reported that CS:GO players chose to play in the ESL Pro League over the PEA, and Scott "SirScoots" Smith explained the reasoning behind this choice. There was also a rumour that PEA had decided to stop CS:GO tournaments as well, and this has been confirmed.
A statement released to theScore esports from the PEA explains the motive for suspending the CS:GO league, and reads as follows:
"Since the time of the original announcement of the PEA CS:GO league, it has become clear to the PEA organisations that there isn't sufficient financial support in the ecosystem," a PEA spokesperson. "Either from broadcast/streaming partners, sponsors or others, to profitably operate a third prominent online league, due to the oversaturation of the marketplace and the recent upward spiral in operating costs."