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Is ONE Championship going out of business? Former Bellator executive Mike Kogan thinks so

by Big Sport News
November 29, 2023
in MMA
0

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Final week, the information broke that Bellator had been acquired by the Skilled Fighters League (PFL), together with its roster, and the executives have been additionally provided roles.  The deal included a task for Bellator govt Mike Kogan.

In an interview with The MMA Hour, Kogan stated that if he would not go to the PFL than he’d probably retire.  He additionally stated that ONE Championship is about to exit of enterprise.  

“I’ve been at this sport for a very long time. I don’t have it in me to begin from scratch. There simply isn’t anyone else. For those who don’t go to PFL, clearly, I’m not getting employed by the UFC, ONE Championship pissed away $600 million and is about to exit of enterprise, the place do you go,” Kogan stated.

“They’re (ONE Championship) gonna exit of enterprise. These folks scammed everyone they might rip-off. They’ve run out of individuals to rip-off,” stated Kogan.  “It’s the reality. I imply come on. 10 years. You may’t be a start-up for 10 years. Jesus Christ. In some unspecified time in the future, you’ve received to begin exhibiting one thing. So, they’re gonna exit, so the place’s there to go? There’s nowhere else to go. I’ve all the time stated, that is like the biggest small trade on the earth. It’s massive, it’s on TV, there’s millionaires being made, there’s all these tales, however on the finish, it’s a handful of people who run it and a handful of people who have a capability to do something with it.”

In Might 2022, Sityodtong, ONE Championship founder, said ONE Championship had 600 fighters within the group.  That is 600 fighters that can quickly be free brokers, if Kogan is right.  The corporate’s 2021 publicly accessible monetary statements indicated that the corporate had generated an amassed internet lack of $383 million.  The monetary statements for 2022 weren’t available.  

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Tags: BellatorBusinessChampionshipExecutiveKoganMikethinks
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