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Sprout to Shut Down
Sprout announced its decision to cease operations with immediate effect. The organization stated that all the players are free agents as of now. The organization stated "Our current business model is no longer viable to ensure required sustainable and healthy growth. In the history of Sprout it always has been a struggle to keep up with the loss of rising talents, and the challenges which come, while rebuilding the active roster frequently, resulting in losing precious progress over and over again. When looking at alternative strategies, e.g. increasing incentives therefore increasing the potential of success, we found that this model carried risk above what we'd consider our comfort zone. Embracing a model that deviates significantly from our established approach has been deemed too risky for us to pursue. We have come to the conclusion that our model of developing talents and passing them on in their blossom is not financially sustainable without occasionally being a challenger to play on the biggest and most prestigious stages. And in this growing industry it has been proven to be harder and harder to reach those big stages. It's with a heavy heart that we take this step and say our final goodbyes, knowing our roots run deep. Our journey was an exciting one and something we will never forget, especially because of all the amazing Sproutlings that have tagged along."
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Sprout to Shut Down
Sprout announced its decision to cease operations with immediate effect. The organization stated that all the players are free agents as of now. The organization stated "Our current business model is no longer viable to ensure required sustainable and healthy growth. In the history of Sprout it always has been a struggle to keep up with the loss of rising talents, and the challenges which come, while rebuilding the active roster frequently, resulting in losing precious progress over and over again. When looking at alternative strategies, e.g. increasing incentives therefore increasing the potential of success, we found that this model carried risk above what we'd consider our comfort zone. Embracing a model that deviates significantly from our established approach has been deemed too risky for us to pursue. We have come to the conclusion that our model of developing talents and passing them on in their blossom is not financially sustainable without occasionally being a challenger to play on the biggest and most prestigious stages. And in this growing industry it has been proven to be harder and harder to reach those big stages. It's with a heavy heart that we take this step and say our final goodbyes, knowing our roots run deep. Our journey was an exciting one and something we will never forget, especially because of all the amazing Sproutlings that have tagged along."
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