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FEG(K-1/DREAM) Partnered With PUJI CAPITAL, Set For Global Domination
Global domination gang...
A big FEG press conference took place today where it was announced that FEG are partnering up with Chinese investment bank PUJI CAPITAL. They are aiming at taking K-1 and DREAM global and PUJI will help with funds and other know-how.
Since Japan has been left behind in the Kakutougi (Combat Sports) world they want to build the worlds largest fighting company once again and taking over the Asian market will be the first step in that plan.
FEG president Tanikawa was present at the press conference and said that FEG is not being sold and that it won’t disappear. FEG will devote themselves to what they’re good at while PUJI will take care of their fields of expertise such as fundraising. PUJI are a business partner for the sake of K-1 and DREAM going international.
PUJI CAPITALS Managing Partner Michael Chen was present at the press conference. He said that investment company PUJI Holdings (part of PUJI Holdings) was established 6 years ago. Their base is in Shanghai and they are expanding to Beijing and Singapore. The PUJI group cover a lot of ground in their projects like natural resources stuff (oil, coal, etc). By request from the Chinese government they are also expanding into Australia and Africa.
Them and FEG have created something called SPV (Special Purpose Vehicle). They have a big network including Europe, North America, Asia, etc. and FEG will be another one of their partners. They will be a strategic advisor as FEG take their enterprise to the global market.
According to FEG president Tanikawa they started talking with Puji in October of last year and serious talks about a partnership started in early spring of this year.
Chen said that they are aiming at raising 230-345 million USD for FEG during the first three years of the partnership...read more?
What this means is FEG is on the verge of going bankrupt. They need to fix their business model not try to scam investors.
Zuffa has a $650 billion dollar fund backing it not a problem.
Please quote the entire article when making a thread. I would have changed it myself but when I click you link, I get,
FEG might be having problems now but this is why this is happening, so they can dig themselves out of the hole they're in, i love this, very exciting, looks like UFC might have some competition in australia!
i think if any MMA org has a chance of competing with the UFC its a japanese one, just for the fact that most ppl dont watch japanese MMA, they dont know if UFC is really better, any other promotion in the USA will always seem like a worse version of the UFC
but DREAM can be something fresh, something new, and if done right could make many tune in, especially if they keep the ring!
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