Advertisement
ONE Championship

ONE Championship announces USD $70 million investment injection, 20 per cent employee reduction

Company confident the moves bolster the company forward

ONE Championship announced on Monday an injection of USD $70 million by institutional investors to bolster its capital balance sheet to USD $346 million.

Crossfire Vault – Miesha Tate delivers a healthy baby boy in Singapore

Crossfire Vault – Zilingo co-founder Ankiti Bose to appear on ONE Championship’s ‘The Apprentice’

Crossfire Vault – Patrick Grove to appear as guest CEO on ‘The Apprentice: ONE Championship Edition’

Crossfire Vault – ONE Championship partners with Refinery Media to produce ‘The Apprentice’

Crossfire Vault – ONE Championship

The company also announced a 20 per cent reduction of employees worldwide.

“I am thrilled to announce that ONE Championship closed another round of funding a few weeks ago with existing institutional investors as well as a new institutional investor,” group president Hua Feng Teh said in a press release. “I am full of gratitude for this strong vote of confidence amidst the worst global economic crisis in 100 years. With 9 figures of cash on the balance sheet and a streamlined organization, ONE Championship looks forward to continuing to delight our fans around the world with more heroes and new experiences for many years to come.”

The company events schedule has been cancelled due to the COVID-19 pandemic.

@kenaiandrews ONE Championship announces USD $70 million investment injection, 20 per cent employee reduction

Categories
ExtrafeaturenewsONE ChampionshipUFC

Kenai is a former Postmedia Network online news and sports editor. He is the Editor-in-Chief for MMA Crossfire.

Advertisement

RELATED BY

Sign up for our free Crossfire Nation newsletter and get content directly to your email!
Share via
Copy link