(Could this be DREAM’s swan song?)
For months Fight Entertainment Group (FEG) executives have denied persistent rumors that the Japanese combat sport promotion firm is in trouble. Now one employee who works stateside has finally admitted that there is a crack forming in the facade perpetuated by DREAM and K-1 officials.
Mike Kogan, FEG’s U.S. representative today told MMAJunkie that the company is holding its breath while it waits for the results of an audit being done by potential investor, PUJI Capital, which will determine if the organization will receive the funding necessary to resume operations.
According to Kogan, the Japanese investment bank is attempting to raise $230 million for the cash-strapped company, that has been accused of owing hundreds of thousands of dollars in unpaid fight purses spanning more than three years worth of events.