Glory not paying its bills?

Discussion in 'Muay Thai and Kickboxing' started by RedDawn, Jun 29, 2020.

  1. Snubnoze707 High Level

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    LITERALLY NOT READING A SINGLE RESPONSE LOL
     
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  2. Snubnoze707 High Level

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    ONE is already in a deep hole and just laid off half of it's employees. They only survive off dumb investors, but they will catch on.
     
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  3. Blazeblack Purple Belt

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  4. Yodsanan K'FESTA.1

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  5. Blazeblack Purple Belt

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    Probably around about way of saying that they are going to sell ownership to a new party.
     
  6. Snubnoze707 High Level

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    This could very well end up being just a re-structure and potentially re-branding of Glory. The nail hasn't been driven in just yet.

    Honestly, they really did need to shake things up in the company regardless. It has become completely stale.

    Who knows this may potentially end up being a positive. Or this will be a fail and they will flop only time will tell.
     
  7. strebitel86 Double Yellow Card Double Yellow Card

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    Who can save or atleast replace Glory?
     
  8. Snubnoze707 High Level

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    https://mmadna.nl/glory-sports-international-overgenomen-onder-verdachte-omstandigheden/

    "GLORY Kickboxing has been acquired by a new owner. Today fighters received a letter with information about this takeover. Vechtsportinfo.nl reported this earlier today. MMA DNA has received the letter and has started further research into the new owner of GLORY. The company AAG, which put GLORY under guardianship, has found a buyer for the company. The new owner is GSUKCO Limited, founded on May 14, 2020. GLORY's new owner is based in London and has 1 active member named Erica Rhima. The same Erica Rhima also works for Nectar Nominees. Further investigation of GSUKCO Limited establishes that more than 75% of the company is managed by the same Nectar Nominees Limited. The owner of this company is Scott Rudman, who was vice chairman of GLORY Sports International. This implies that GLORY makes a restart with the same people on board and can start with a clean slate. When a company is under guardianship, the organization under guardianship must do everything in its power to save the company and bring down the debt burden. This could be done, for example, by offering fighters who are under contract to other promotions and thus generate extra income. This does not seem to have happened. With this takeover, it seems that an easy way to get out from among the creditors has been found. A salient detail is that both the owner of AAG and Scott Rudman studied at Harvard Business School. This can of course be a coincidence. GLORY was struggling with many millions of debts and seems to have gotten out of debt in this way. There are also outstanding items in the Netherlands. MMA DNA has attempted to contact the CEO of RES Events. This company is owned by GLORY Kickboxing and mainly organizes European events. Both RES Events ald GLORY Sports International were not available for comment."
     
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  9. Broadcast Farang

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    According to my sources Glory also removed the Dutch matchmakers.

    Another insider telling me they are trying to get out of debt with this construction of bankruptcy.

    Also in the Netherlands only the debts of Glory are 2.5 million euros.
     
  10. Snubnoze707 High Level

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    They got out of the debt with some bullshit corporate loophole. People that are owed money are fucked.

    As far as the matchmakers are concerned they did get rid of them, but they are going to replace with Robbie TImmers (allegedly). Do a quick google on his business partners.

    Business as usual for Glory it seems.
     
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  11. Broadcast Farang

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    What was his position in Glory? I know the guy from Superpro, saw him at some Glory events.

    Maybe he is a Daalder or Van Os protegee (ex-It"s Showtime). Really quiet guy.

    If he is balanced, fair and objective, might do ok.
     
  12. Snubnoze707 High Level

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    Timmers and Daalder are co-owners of Superpro Samui.
     
  13. SuperLuigi Red Belt

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    Im no business expert but if Im reading that right, Glory VP called up his college buddy to take them into guardianship which removes their obligation to pay debt like bankruptcy?
     
  14. Snubnoze707 High Level

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    I don't claim to be a business expert either, nor would I want to be they are all douche bags, but that's essentially the outcome.

    So the people that were responsible for throwing Pierre's money away while failing to make Glory profitable came out unscathed while all the folks that worked hard to put on the shows including vendors/contracted workers can get fucked during a pandemic.

    Meanwhile Scott Rudmann is sitting on the beach of an exotic island today drinking cocktails and doing blow.



    LOL @ #purity
     
    Last edited: Jul 17, 2020
    wtu85 and SuperLuigi like this.
  15. Saku'sEar Yellow Card Yellow Card

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  16. Saku'sEar Yellow Card Yellow Card

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    There is a saying in Holland here...

    Never trust bas boon.









    Im partly joking tho, nobody knows bas boon.
     

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