ONE CHAMPIONSHIP IS STOCKING UP ON CASH MONEY
15 June 2020 – Singapore: The largest global sports media property in Asian history, ONE Championship™ (ONE), today announced that it has added US$70 million to its war chest, bringing total capital to US$346 million. ONE Championship has also streamlined operations, including a 20% reduction of total worldwide headcount. 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."
This is great news for all of the already rostered fighters on the One platform, as well as those fighters aspiring to grab a spot on the One Championship global juggernaut. Interesting times ahead once One Championship gets the green light to resume battle.