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-   -   If the PUJI money doesn't come soon DREAM is done (http://www.mmaforum.com/japanese-mma/80527-if-puji-money-doesnt-come-soon-dream-done.html)

MatParker116 08-19-2010 10:15 AM

If the PUJI money doesn't come soon DREAM is done
 
http://www.cagepotato.com/dream-trouble

Quote:

Ever since news of DREAM stiffing a number of fighters of their contracted fight purses including Gary Goodridge, Ronaldo "Jacare" Souza and featherweight champ Bibiano Fernandes, rumors have been running rampant about how dire of financial difficulty the Japanese promotion is in.

Nightmare of Battle does a great job in summing up exactly what the issues have been for FEG that have led to the company being barely able to keep its head above water.

According to the website, the need for outside investment by PUJI Capital was necessitated by a number of factors related to K-1 and DREAM including:

Back taxes the company has been paying since former K-1 head, Ishii, was jailed for tax evasion.

The PRIDE Yakuza/Fuji TV scandal and the Akiyama greasing event lost them sponsors.

An increase in fight purse amounts.

A decrease in money earned from its television deals in 2009 which is said to be 30-50% less than FEG earned in 2008.

The story goes on to quote Japanese MMA magazine Kamipro's editor-in-chief Saito who says the non-payment issues have been going on since DREAM's inaugural event in 2008 and that the problem hasn't only affected non-Japanese fighters.

According to Saito, FEG stayed afloat in recent years thanks to the money it received from its TV broadcasts of Dynamite!! events, which could explain why DREAM decided to pull the plug on a March show in Korea after a TV deal fell through at the last minute.

Apparently the PUJI Capital investment deal they were touting as being their secret weapon to defeat the UFC in a global MMA war has taken longer than expected to finalize and if the money that was promised to them by the financial backer doesn't come soon, the organization will be forced to cancel its planned K-1 MAX Koshien and DREAM 16 events.

Saito says if the PUJI deal falls through, the ramifications will be much worse than cancelled shows, it could mean "the end" of FEG.
Sad to hear

where certain fighters will end up if that happens:
Bibiano Fernandes-WEC
Norifumi Yamamoto-WEC
Shinja Aoki-UFC
Joachim Hansen-Sengoku
Tatsuya Kawajiri-UFC

A lot of DREAM's fighters are also Strikeforce fighters with few exceptions.

Thelegend 08-19-2010 11:44 AM

Quote:

Ever since news of DREAM stiffing a number of fighters of their contracted fight purses including Gary Goodridge, Ronaldo "Jacare" Souza and featherweight champ Bibiano Fernandes, rumors have been running rampant about how dire of financial difficulty the Japanese promotion is in.

Nightmare of Battle does a great job in summing up exactly what the issues have been for FEG that have led to the company being barely able to keep its head above water.

According to the website, the need for outside investment by PUJI Capital was necessitated by a number of factors related to K-1 and DREAM including:

Back taxes the company has been paying since former K-1 head, Ishii, was jailed for tax evasion.

The PRIDE Yakuza/Fuji TV scandal and the Akiyama greasing event lost them sponsors.

An increase in fight purse amounts.

A decrease in money earned from its television deals in 2009 which is said to be 30-50% less than FEG earned in 2008.

The story goes on to quote Japanese MMA magazine Kamipro's editor-in-chief Saito who says the non-payment issues have been going on since DREAM's inaugural event in 2008 and that the problem hasn't only affected non-Japanese fighters.

According to Saito, FEG stayed afloat in recent years thanks to the money it received from its TV broadcasts of Dynamite!! events, which could explain why DREAM decided to pull the plug on a March show in Korea after a TV deal fell through at the last minute.

Apparently the PUJI Capital investment deal they were touting as being their secret weapon to defeat the UFC in a global MMA war has taken longer than expected to finalize and if the money that was promised to them by the financial backer doesn't come soon, the organization will be forced to cancel its planned K-1 MAX Koshien and DREAM 16 events.

Saito says if the PUJI deal falls through, the ramifications will be much worse than cancelled shows, it could mean "the end" of FEG.
couple things that stick out there for me. essentially the woes of FEG are because of thier own illegal pratices. it is really hard to dig yourself out of a hole that you dug yourself into. that yakuza and of course that former head ducking taxes can only make any business partner hesitant to make an investment.

somehow i dont think its affected anyone but the non japanese fighters. if it affected other fighters than whats the use hiding it when your title holder is openly complaining about it and not taking title fights because FEG owes him money.

this whole situation stinks. they should focus on becoming a stable entity in japan before they talk about expanding to the global stage. an influx of money wont help if they continue to run business the way they have. they have good young fighters. they can build themselves back up but they need to stop worrying about the UFC and start worrying about paying the fighters that make them relevant.

70seven 08-19-2010 12:16 PM

I love Dream but a this point its like cheering for your drugged up older brother, you want him to do the right thing and you know he has it in him but will probably fall back to his old ways and let you down again. That's how I feel about Dream.

kantowrestler 08-22-2010 02:40 AM

Yeah they haven't been that intelligent with events!:(

Budhisten 08-22-2010 09:20 AM

This is turning into Pride's stillborn baby boy... Beyond the UFC I think this is the organisation I will miss the most if it actually goes under :/

Get smart or get out

Toxic 08-22-2010 11:50 AM

Quote:

Originally Posted by MatParker116 (Post 1248210)
http://www.cagepotato.com/dream-trouble



Sad to hear

where certain fighters will end up if that happens:
Bibiano Fernandes-WEC
Norifumi Yamamoto-WEC
Shinja Aoki-UFC
Joachim Hansen-Sengoku
Tatsuya Kawajiri-UFC

A lot of DREAM's fighters are also Strikeforce fighters with few exceptions.

Aoki aint going anywhere near the UFC he cries himself to sleep trying not to think about all those wrestlers who he can't take down and the epic raping BJ would give him is the stuff that keeps him up at night.

kantowrestler 09-04-2010 02:48 AM

This is a long shot but I think Antonio Inoki is getting back into the MMA business if DREAM goes under!:thumbsup:

KEYZER-SOZE 09-05-2010 12:54 AM

if dream does go under id really like to see kid yamamoto go back up to lw and try a run through the ufc, but id settle for him the wec.

kantowrestler 09-05-2010 01:23 AM

Either that or he is going to Sengoku and rocking it there and stuff!:(

ukraineham 09-06-2010 05:31 PM

Quote:

Originally Posted by kantowrestler (Post 1259795)
This is a long shot but I think Antonio Inoki is getting back into the MMA business if DREAM goes under!:thumbsup:

If he gets the right people around him, this could actually be a solid move. The Japanese people love Inoki, and they'd probably give his promotion a shot just based on him being involved.

Quote:

Originally Posted by KEYZER-SOZE (Post 1260363)
if dream does go under id really like to see kid yamamoto go back up to lw and try a run through the ufc, but id settle for him the wec.

Jokes are fun. ...You are joking, right?

Kid can hardly compete at FW anymore, and realistically shouldn't be taking any fights above BW, but you think he should make a run at LW?


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