FEG, former parent company of K-1, declares bankruptcy

by Tony Loiseleur | source: sherdog.com
 

Long-beleaguered combat sports giant Fighting and Entertainment Group (FEG) has officially declared bankruptcy, according to a report by private credit research firm Teikoku Databank.

First published Wednesday by Yahoo.co.jp, the Databank report claims that FEG began the process of declaring bankruptcy on May 7 in Tokyo District Court. No figures indicating the extent of FEG’s debts were revealed.

Sherdog.com has reached out to FEG representatives for an official statement; however, there has been no response as of publication time. FEG’s former partner in promoting Dream events, Real Entertainment, offered no official comment, but reiterated to Sherdog.com that they are in the process of scheduling Dream’s next show.

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Recent Comments »

StratTone site profile image  

5/17/12 2:00 PM by StratTone

"I be pooping, you know how I do"

eru88 site profile image  

5/16/12 4:29 PM by eru88

I DECLARE BANKRUPTCY!!!

EckY site profile image  

5/16/12 3:38 PM by EckY

.

AJS19ad6 site profile image  

5/16/12 3:33 PM by AJS19ad6

.

EckY site profile image  

5/16/12 3:20 PM by EckY

 Its pretty pathetic that Sherdog didn't take the time to check the most basic facts concerning the K-1 situtation. FEG no longer own K-1, K-1 Global does now and they are running the event in Madrid, FEG have no involvement and there are many more events planned for 2012 than that show, it is the first round of a 16 man tournament.

Nick Fury site profile image  

5/16/12 2:54 PM by Nick Fury

dun dun dun...

kanodogg2 site profile image  

5/16/12 2:14 PM by kanodogg2

Finally

The Mouth site profile image  

5/16/12 2:09 PM by The Mouth

 Fuck

UGCTT Captain America site profile image  

5/16/12 2:06 PM by UGCTT Captain America

Boo

Carne de cavalo é o melhor site profile image  

5/16/12 2:04 PM by Carne de cavalo é o melhor

What we all knew has been confirmed.