K-1 (Global) in trouble again? Major shares sold again...

[CPH]

Who at this point want to invest in that money pit?

[Brocktirement]

waiting for boobs to come post that this info is all wrong and that k1 is still alive

[Oeshon]

Originally Posted by Brocktirement

waiting for boobs to come post that this info is all wrong and that k1 is still alive

I'm sure we are all wrong and he has the inside scoop.

[Rollermanskunk]

Emcom sold those shares (51%) for 600.000,- us dollars. That's sounds like worth nothing (don't have it in my pocket though). Emcom took the decision after realizing how much costs they will get in the next year with zero profit margin. If you buy those shares you have to know that the first 2 or 3 years will not give you some sort of a profit, take your losses, rebuild your brand again with a proper bussines-plan (looks like they could n't handle the ongoing costs)

[IkMarc]

Originally Posted by Rollermanskunk

Emcom sold those shares (51%) for 600.000,- us dollars. That's sounds like worth nothing (don't have it in my pocket though). Emcom took the decision after realizing how much costs they will get in the next year with zero profit margin. If you buy those shares you have to know that the first 2 or 3 years will not give you some sort of a profit, take your losses, rebuild your brand again with a proper bussines-plan (looks like they could n't handle the ongoing costs)

If I was a venture capitalist I wouldn't burn my hands on it either.

Normal venture capitalism investments have low chance of success, but very high profit rates in case of success. K1 right now seems to have moderate chance of success and moderate profit rates in case of success.

[Falconkick]

I dont see why they did not ride it out though. With K1 launching on Spike in the near future. That is huge. Those commercials and all the people seeing them. It will get huge ratings and help the sport so much.

[Rollermanskunk]

Originally Posted by Falconkick

I dont see why they did not ride it out though. With K1 launching on Spike in the near future. That is huge. Those commercials and all the people seeing them. It will get huge ratings and help the sport so much.

The big issue is that SpikeTV postponed the TV-deal/K-1 airing schedule with half a year which is a major blow for K-1. Such a huge postponement at short notice is hard to cope with.

Selling these shares for just 600 grant is only for paying the debts (which is again a long line of people) and to survive. Hopefully Superkombat can help out (still believing in the Abu Dhabi rumour)

[LondoMollari]

Originally Posted by JohnSAFTAHess

Sherdog should get a pool going and just fucking buy K-1 ourselves. I'll chuck in like $20-50. Let's see what we can get going. Those kick-starters seem to work great.

..I hate news like this. Sucks ass.

This is actually not that bad of an idea. 600,000$ of 51% of the company isn't a very large amount of money. Certain game developers (Double Fine for example) raised over 3 million in a few weeks.

The problem would be management because realistically, its not like Sherdog is going to have a unified opinion.

[BruceLeeMMA]

Originally Posted by Rollermanskunk

The big issue is that SpikeTV postponed the TV-deal/K-1 airing schedule with half a year which is a major blow for K-1. Such a huge postponement at short notice is hard to cope with.

Selling these shares for just 600 grant is only for paying the debts (which is again a long line of people) and to survive. Hopefully Superkombat can help out (still believing in the Abu Dhabi rumour)

I think it may have only been $300,000.
http://www.hd.emcom.jp/pdf/20121121_001.pdf

The problem is that K-1 didn't have a viable model to make money. Glory has the same problem. If they both united then maybe it would be possible to take on the big boys (UFC).

It may be too late though.
Lexi Investment is located in the British Virgin Islands. Seems kind of mysterious, hopefully they aren't the UFC in which case K-1 will never come back.

I had someone translate a portion of the bulletin:
Under such circumstances, we have been searching for investors that are willing to cooperate in continuing business operations under the K1 brand name, with the aim of licensing and sutaining K-1 as a martial arts event brand name that has worldwide recognition."
"By searching for third party investors to provide increased investment, it will become possible to secure necessary operating funds to continue business operations under the K-1 brand name"

[edwin]

Kickboxing is to technical for the likes of MMA fans who like to see fighters standing and banging, that's why they don't watch or support the sport.