GLORY in financial problems?

Discussion in 'Muay Thai and Kickboxing' started by RedDawn, May 16, 2014.

  1. RedDawn

    RedDawn Yellow Belt

    Joined:
    Aug 25, 2003
    Messages:
    221
    Likes Received:
    39
    According to fight forum mixfight.nl it appears that GLORY has serious financial problems. Reliable sources report that staff and other people who work for GLORY still not have been paid. According to Mixfight.nl it's even in question whether the Los Angeles show will take place. The future of GLORY seems uncertain.

    Source: mixfight.nl

    http://www.mixfight.nl/forum/showthread.php?130974-Toekomst-GLORY-onzeker!
     
  2. VicariousVice

    VicariousVice Brown Belt

    Joined:
    Sep 25, 2012
    Messages:
    3,316
    Likes Received:
    10
    Location:
    Vacant Planets
    Well this up and ruined my day.
     
  3. Combatjunkie33

    Combatjunkie33 Orange Belt

    Joined:
    Sep 12, 2013
    Messages:
    339
    Likes Received:
    16
    i feel like this is BS, Glory has done several shows on tv and did good numbers from the information ive gathered, cant see how they would be in financial trouble at all. I think they are just fine. Im also sure if there was some sort of problems other media outlets would be covering it or have some sort of information on it.
     
  4. ElKarlo

    ElKarlo Steel Belt

    Joined:
    May 1, 2005
    Messages:
    27,808
    Likes Received:
    7,541
    Location:
    Chiba Japan
    Can Kickboxing not exist as an org anymore?
     
  5. Yodsanan

    Yodsanan K'FESTA.1

    Joined:
    Aug 1, 2012
    Messages:
    9,740
    Likes Received:
    5,746
    Location:
    Saitama Super Arena
    I feel like half of the time these sites from the netherlands post nothing but bullshit.
     
  6. king of theRing

    king of theRing Black Belt

    Joined:
    Aug 11, 2013
    Messages:
    6,564
    Likes Received:
    3,446
    Mixfight always post shit like this. They think kickboxing is destined to fail cause Holland not allowed to have major Kickboxing shows anymore
     
  7. Brocktirement**

    Brocktirement** Banned Banned

    Joined:
    Feb 6, 2012
    Messages:
    2,538
    Likes Received:
    2
    not more or less than what I read on internatinal boards

    the thread was posted by an admin of the forum and does not name any sources, only that they are 'several reliable sources'

    so I don't know what to make of it either, but if it's true that staff hasn't been paid, then that does look like shit and they need to pay them asap
     
  8. king of theRing

    king of theRing Black Belt

    Joined:
    Aug 11, 2013
    Messages:
    6,564
    Likes Received:
    3,446
    But if by some miracle it is true, then kickboxing will be dead when they go under.
     
  9. Brocktirement**

    Brocktirement** Banned Banned

    Joined:
    Feb 6, 2012
    Messages:
    2,538
    Likes Received:
    2
    ??????

    where did you get this garbage? mixfight certainly does not want glory to fail, alot of glory guys have been active on their site for ages
     
  10. VolkHan

    VolkHan Brown Belt

    Joined:
    Jan 10, 2014
    Messages:
    2,840
    Likes Received:
    6
    Location:
    CET
    sounds weird, they drew good numbers everywhere except London maybe ... they were +10k even in Milan, not really a Mecca for combat sports
     
  11. Goatenstein

    Goatenstein Black Belt

    Joined:
    Jul 17, 2013
    Messages:
    5,539
    Likes Received:
    6,009
    Usually rumors like these end up being true.
     
  12. effin

    effin Purple Belt

    Joined:
    Dec 8, 2010
    Messages:
    1,886
    Likes Received:
    4
    That would suck really REALLY hard. If indeed it is true, i hope they at least run the next event, finish with a bang :(
     
  13. TTech

    TTech Purple Belt

    Joined:
    Feb 21, 2010
    Messages:
    2,135
    Likes Received:
    1,505
    Location:
    space
    It is unfortunate if true but honestly im surprised it even manages to survive today, people interested in fights and willing to pay for it I think go elsewhere(mma,boxing)..
     
  14. Muay o Muay

    Muay o Muay Purple Belt

    Joined:
    Jan 5, 2012
    Messages:
    2,209
    Likes Received:
    56
    Location:
    UK
    hmmmm not a good rumour lets hope theres no real substance to this...
     
  15. Dean Burley

    Dean Burley Amateur Fighter

    Joined:
    Jun 18, 2003
    Messages:
    2,680
    Likes Received:
    0
    Location:
    Colorado Springs
    There was no named source and no real evidence. I hope it's not true.

    I love the business model of putting a lot into every show and not watering everything down the way the UFC has been doing lately
     
  16. Strange Shadows

    Strange Shadows Banned Double Yellow Card

    Joined:
    Jan 14, 2013
    Messages:
    3,079
    Likes Received:
    4,009
    Location:
    Oxford, England
  17. Mufasatheking

    Mufasatheking Purple Belt

    Joined:
    Jan 22, 2012
    Messages:
    1,940
    Likes Received:
    1
    Unfortunately it seem that that model might not work. I hate how UFC structure their events but that might be whats needed to make money.
     
  18. Shadess

    Shadess ...

    Joined:
    Jan 21, 2012
    Messages:
    5,126
    Likes Received:
    2,060
    Location:
    Europe
    IMO Glory is no doubt still losing money at this point. Thats what you do, you spend money to expand and hope to start making money in a few years. They should lose less and less money by each show though. Does this mean they are in "financial problems" I highly doubt it. They have a rich owner. They've put tens of millions into the org and it's growing. At this point it'd be stupid to let it die.

    Also I think most of all they know very, very well what happened to FEG/Old K-1 and even to this day that shit carries over to the current K-1. If this "news" lives even a little bit I hope Glory addresses it and completely squashes it.
     
  19. MarloStanfield

    MarloStanfield The Wild Colonial Boy

    Joined:
    Dec 29, 2010
    Messages:
    15,181
    Likes Received:
    14,392
    Location:
    K-hole
    nice knowing ya
     
  20. Hagelslag2

    Hagelslag2 Brown Belt

    Joined:
    Jun 26, 2007
    Messages:
    3,366
    Likes Received:
    2,250
    Location:
    The Netherlands/Australia
    I would like to see a real source. Andurand and Whitaker said in a Bloomsberg interview that they were aiming for Glory to be self-sufficient around 2015, so for them to be in financial trouble now seems to not be in line with their own expectations and their own views on their budget.
     

Share This Page

  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.