Daniel Herbertson of MMA Fighting is reporting that FEG has reached an agreement with Chinese investment bank PUJI Capital that plans for PUJI to raise nearly $230 million in funds for the beleaguered organization’s newest international expansion plans. Tanikawa stated that changes should start from 2011 and that Japanese events will continue with K-1 on Fuji TV […]
financial
Station Casinos Reaches Deal with Creditors
Steve Green of the Las Vegas Sun reports that the management of Station Casinos have reached a deal in principal with key lenders that will allow them to reorganize and retain control of the company. While the company didn’t disclose details, the arrangement with lenders holding $2.475 billion of debt secured by four of Station’s […]
Stratus Media Assumes Control of ProElite Board
In late 2009 it was announced that Stratus Media Group had purchased ProElite for $2 million. Now we’ve received word that Stratus Media has assumed control of the ProElite board and will look to bring relaunch the company in 2010. SANTA BARBARA, Calif.–(BUSINESS WIRE)–Stratus Media Group, Inc. (OTCBB:SMDI – News), a live entertainment company, announced […]
Michigan MMA Strongly Regulated
John Morgan of MMAJunkie has an interesting article that discusses the long road to hoe that Michigan and its regional promoters have experienced over the last three years. Joe Donofrio, running “Malice at the Palace” this weekend explains even with regulation, it’ll be tough to make a profit in the current environment because of certain […]