ULVL decided to release its professional teams including its Mobile Legends: Bang Bang division and focus on putting up events and tournaments instead.
It seemed like the esports organization was having budgetary constraints caused by the COVID-19 pandemic resulting in its unfortunate decision.
"For an entire year, it has been an honor for us to handle and manage well-skilled professional teams with humble players and coaching staff. Unfortunately, we needed to come (up) with a decision that will be more beneficial for the company, it's management, and backend staff," the team said in a statement posted on its Facebook page on Monday, March 8.
"We decided to move forward in focusing more (on) our tournament and events organizing ventures, both online and on-ground. We would like to inform the public that we are now officially releasing and will no longer manage the ULVL Competing Teams," it added.
Besides its ML team, ULVL parted ways with its Valorant and League of Legends: Wild Rift squads as well.
The organization also said that it already discussed the decision with the players and coaches while wishing them the best in the next stage of their esports careers.
"To our former players and coaches, we still wish for the success of your future endeavors. We are delighted we got to work with you!"
ULVL is best known in the professional esports industry for its ML team which participated in the MPL Philippines Season 5 after acquiring qualifier Team Gosu.
After finishing on the 7th-8th place, ULVL was able to keep its spot in Moonton's pro league but decided to transfer its roster to Blufire.
However, Blufire, which encountered some issues during its campaign, was eliminated after ending up as one of the bottom two teams along with BSB.
ULVL tried to return to the MPL in Season 7 with veterans Escanor, Dokmen and Deb together with Yato, Dian and Kramm under coach Bluffzy, but lost in the Main Qualifiers.
ULVL suffered a 2-0 sweep at the hands of the Yuji "Yuji" Aizawa and Jeff "S4gitnu" Subang-led Aether Main before getting the boot with a 2-1 lower bracket loss to eventual qualifier Laus Playbook Esports.