By Zach Arnold | March 29, 2012
The last time we talked about Godfather Ishii, we talked about how he was working as a referee at Korakuen Hall for high-schooler fights.
Now that we meet again, the Godfather has decided to chime in with an article penned under his name to discuss the recent AIJ pension fund loss cover-up scandal. Yes, the Godfather would love to talk to you about money management.
Which makes today’s news about shinsei K-1’s 2012 supposed event schedule even more curious. The promotion has no television deal in Japan, which was the basis of the entire financial model of K-1. Unless Ken Imai is back in the fold with his old running mate Ishii, it’s hard to see what exactly is happening here with this new attempt to get back into the game.
In short, the 2012 version of K-1 would feature an event calendar with no scheduled shows in Japan. The year-end prize would somehow be a $2 million USD purse. A big launch show will happen on May 27th in Madrid, Spain at Palacio Vista Aletre. There are promises of events this Summer in Europe and Asia, with the Fall & Winter featuring shows in Los Angeles & New York.
The “K-1 production team” put out this press release from Los Angeles this morning. The phone number listed is a 650 area code, which is… San Mateo (Bay Area).
Your guess is as good as mine if anyone is going to buy into this. Dan Herbertson is not:
$2 million in prize money for the new K-1 in 2012. How about you pay the fighters you already owe before boasting about prize money?
Worth noting that people who sign with the new K-1 get 50% of what they were owed by FEG. People not signing like Aerts, Overeem? Not sure.
Make the argument here to me that there’s a viable financial model here to what K-1 is trying to do with this schedule that doesn’t feature yakuza involvement.