Fighting and Entertainment Group

Fighting and Entertainment Group (FEG) was the leading Japanese combat sport promoter founded on September 3, 2003. Its current president is Sadaharu Tanikawa[1] and it is the parent company behind the now-defunct mixed martial arts series Dream and formerly, the largest kickboxing promotion in the world, K-1.[1]

Fighting and Entertainment Group (FEG)
TypePrivate
IndustrySports promotion
Founded2003
FounderSadaharu Tanikawa
Headquarters,
Key people
Sadaharu Tanikawa (President)[1]
SubsidiariesDream

Financial crisis

On December 31, 2010 after the Dream event Dynamite!! 2010, Tanikawa announced a three-month hiatus for FEG, stating, "2011 is a comeback year for us. We will restructure the company for three months and start holding events in the spring."[2]

In January 2011, Sadaharu Tanikawa told a Japanese publication that, "The current course is that FEG will die", leading to further speculation about the future of FEG.[3] FEG USA's Mike Kogan added, "[U]nless the money comes now, meaning the investors that have been talking commit and we start to move forward, the company will die. There is no way for it to survive, we have exhausted all good will." [4]

On July 28, 2011, FEG sold K-1 along with most of its trademarks to Japanese real estate firm Barbizon Co. Ltd.[5]

On May 16, 2012, Tanikawa officially declared the bankruptcy of FEG.[6]

See also

References

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.