PUJI Capital is conducting an internal review of Fighting and
Entertainment Group’s (FEG) assets and liabilities in advance of a push
to attract investors to the struggling fight promotion.
“The actions they’re taking are similar to an audit,” FEG’s U.S.
representative, Mike Kogan, told MMAjunkie.com on
Monday.
Kogan said the Japanese investment bank hopes to raise $230 million for
FEG, which operates MMA’s DREAM promotion and the K-1 kickboxing
organization, over the next five years. But with the company’s current
financial condition, that timeline may need to be shortened.