Japanese fight promotion Sengoku Raiden Championship is all but finished.
SRC on Friday issued a press release stating that it’s primary sponsor, Don Quijote, has pulled all financial backing from the company. This completely cripples the fight promotion unless a last-minute savior appears… which isn’t likely.
SRC and Dream both stepped in, trying to seize an opportunity, when the UFC’s parent company purchased Pride in 2007 and was unable to forge a working business model in Japan, shutting down the venerable fight promotion.
Dream has garnered much media attention lately as well, primarily for delayed or non-payment of fighters, as well as struggling television ratings and live draws.
Officials at Don Quijote finally tired of the ever-growing pool of red ink and ceased funding Sengoku.
Neither Sengoku nor Dream has been able to gain any traction since Pride folded. The market appears to have dried up in Japan, even though the UFC continues to say it has its sights set on the Land of the Rising Sun, possibly running a live event in Japan later this year.
Sengoku’s statement indicated that Don Quijote would continue to back Pancrase and Shooto, but did not say to what the extent.
Several notable fighters – such as Josh Barnett, Antonio Silva, Muhammed “King Mo” Lawal, and others – fought under the Sengoku banner during its two-and-half-year run.
This is the note that appears on the Sengoku website
SRC Report: Future activities of the emergency;
Emergency previous report (released February 1, 2011) As we know the history behind it, but we now are critical crossroads, we face a tough decision.
Then, Don Quixote, who is also the parent company of our sponsor (the company below) from, SRC has been made official representations to the effect that withdrawing from the business.
It has also led to this, we express the truth intentionally, and if the company [million years despite large deficits, but only in a dream has continued to support and love of martial arts, but the thought Naka Naka Not only convey, ranging to be dragged into such a situation and some mindless media article on the contrary, is disgusted Hotohoto] you really like.
The company most, rather than a full withdrawal from the actual martial arts community, Pancrase and Shooto activities sponsored organizations that support current and amateur wrestling or are planning to continue, even and other groups, "If tapped Future (help) and not willing to consider, "I said. But we organized, SRC from big businesses such as corporate decision at Sengoku seems to get out and refusing to change.
Indeed shameful that the inside will pour out, as we have been doing business entirely dependent on sponsors and parent support is not without its own box office on its own can be terminated if it is no longer present and if Ikan stuck with a difficult situation I have to say.
The only hope is the emergence of a sponsor to replace Don Quixote. The company also "has a love for martial arts, if there is funding us to target certain (for inheritance) willing to cooperate fully" with the intention to accepting. Even if we do something in that direction, we hope to find out the possibility of 一縷. But if it is fulfilled, you must be prepared for the worst that can be dissolved.
Even with the lack of any company, SRC fans, players, of course, put a great deal of inconvenience and worry like all the related parties, lay down here and I apologize.
March 11, 2011
The automatic translation isn't perfect obviously, but they do seem to be facing oblivion, just like the MMA weekly headline proclaims.