News ONE's full year '22 financials are out; operating cash flow: -$62.2m

I believed him for an assortment of reasons when he said it (and that almost never happens) but maybe him saying ONE is finally turning a profit was just a lie to get ahead of this.
 
SokoudjouFanboy said:
I believed him for an assortment of reasons when he said it (and that almost never happens) but maybe him saying ONE is finally turning a profit was just a lie to get ahead of this.
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Considering most of their events are thais fighting for 1.5K, they use Lumpinee stadium for free, and the article states they moved many jobs from Singapore to the Philippines and Thailand

they might actually finally be making a profit.
 
TorontoTO said:
Considering most of their events are thais fighting for 1.5K, they use Lumpinee stadium for free, and the article states they moved many jobs from Singapore to the Philippines and Thailand

they might actually finally be making a profit.
Click to expand...
I think the actual product they put out is only a small portion of the loses they show each year. Nothing they have done has been that costly or obscene in fighter pay that fans have ever seen or rumored over the years.

I think it is the repayment structure to investors is the issue. I believe the investors in ONE are more or less loaning money to ONE in many cases, probably very few are actually getting corporate shares in ONE. We have no idea on what the terms of paying back are, but based on how their loses where basically doubling every year over years(10's of millions from year to year) seems to indicate these loans are almost like borrowing money under terms you'd see from a mafia loan shark. We surely aren't seeing it invested in the product in grand scale. I'm sure ONE's brass pocket a nice chunk yearly. Won't be the first time a guy like Charti propped up a company, took on a bunch of investments, the company fails 10 years later, people in charge make a hell of living over the run, and they move on to the next thing. As usual Charti did just recently say they be profitable by the end of the year, just like he has said every year.
 
TorontoTO said:
Considering most of their events are thais fighting for 1.5K, they use Lumpinee stadium for free, and the article states they moved many jobs from Singapore to the Philippines and Thailand

they might actually finally be making a profit.
Click to expand...
Exactly my thoughts. Could be both I guess. Knew this was coming, decided to get ahead of it by boasting about profitability. He had to know this was coming though.
 
this is an extremely hard business to be in. if they are making any decent profit enough to pay the bills, and be comfortable, that is amazing for them.
 
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