FEG/K-1 declares bankruptcy in Tokyo Court

Underground
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http://www.sherdog.com/news/news/K1-Parent-Company-FEG-Declares-Bankruptcy-in-Tokyo-Court-42751



Long-beleaguered combat sports giant Fighting and Entertainment Group (FEG) has officially declared bankruptcy, according to a report by private credit research firm Teikoku Databank.

 

First published Wednesday by Yahoo.co.jp, the Databank report claims that FEG began the process of declaring bankruptcy on May 7 in Tokyo District Court. No figures indicating the extent of FEG's debts were revealed.

 

Sherdog.com has reached out to FEG representatives for an official statement; however, there has been no response as of publication time. FEG's former partner in promoting Dream events, Real Entertainment, offered no official comment, but reiterated to Sherdog.com that they are in the process of scheduling Dream's next show.

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What we all knew has been confirmed. Phone Post

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Boo Phone Post

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 Fuck

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 Its pretty pathetic that Sherdog didn't take the time to check the most basic facts concerning the K-1 situtation.

FEG no longer own K-1, K-1 Global does now and they are running the event in Madrid, FEG have no involvement and there are many more events planned for 2012 than that show, it is the first round of a 16 man tournament.

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Carne de cavalo é o melhor - What we all knew has been confirmed. Phone Post
. Phone Post

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I DECLARE BANKRUPTCY!!!

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eru88 - I DECLARE BANKRUPTCY!!!



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