Singapore: ONE Championship™ (ONE), the largest ever mixed martial arts promotion in Asia, has managed to raise additional funding to the tune of US$ 70 million, bringing its total “war chest” tally to US$ 346 million. This comes amidst severe economic pressure which has seen ONE Championship cut its global staff complement by 20%.
Hua Fung Teh, Group President of ONE Championship, stated: “I am thrilled to announce that ONE Championship closed another round of funding a few weeks ago with existing institutional investors as well as a new institutional investor. I am full of gratitude for this strong vote of confidence amidst the worst global economic crisis in 100 years. With 9 figures of cash on the balance sheet and a streamlined organization, ONE Championship looks forward to continuing to delight our fans around the world with more heroes and new experiences for many years to come.”
, which is the world’s largest sports media property in Asian history, has today announced US$ 70 million in addition to..){kind=link}