"To everyone out there interested in the future of our team - we do not quit CS 1.6, we have started practicing CS:GO right now to see how it is, and to be ready - if most of the events will switch to the new game.
If there will be any 1.6 event out there in the world we will be very happy to participate in that. Unfortunately the situation is as it is and we are also very unhappy about us being forced to leave aside the game that we all love and that has been part of us since over a decade.
It's been the greatest time for us but we have to move on and stay open minded for anything that the future might bring to us. Be gentle in your judgement!
- Golden Five facebook account