Rumors Circulating On One Championship Going Out Of Business Soon

Mike Kogan, Bellator’s executive, has predicted that ONE Championship will be out of business very soon. 

The comments arrived after Bellator was recently acquired by the PFL following reports that it had suffered losses prior to the sale. The co-creator of the UFC, Campbell McLaren, alleged that Bellator had made a $35 million loss this year. This was in addition to Bloody Elbow claiming that Bellator had racked up losses of over $100 million from the period of 2010 to 2018. That naturally no longer made Bellator sustainable, as a sale soon followed. At the same time, Kogan expects ONE Champion to suffer soon. 

“They’re (ONE Championship) gonna go out of business. These people scammed everybody they could scam. They’ve run out of people to scam. It’s the truth. I mean come on. 10 years. You can’t be a start-up for 10 years. Jesus Christ. At some point, you’ve got to start showing something. So, they’re gonna go out, so where’s there to go? There’s nowhere else to go,” Kogan said 

Despite this being the case, ONE Championship has big plans for 2024. Their CEO, Chatri Sityodtong, spoke about his plans to have over 60 events next year. The focus was on expanding into Europe, with the aim of moving back more towards MMA. This was in addition to events in the United States, Japan, and Qatar. With that being said, Christian Lee, the ONE Lightweight World Champion’s title defense has been lined up for February. Elsewhere, Jarred Brooks, the strawweight champion, will face Joshua Pacio next year, too. 

“The next chapter of 2024 is going to be a record high number of events for us across all different martial arts, around the world in different locations. You’re going to see MMA back in full force,” Sityodtong 

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