Fighting and Entertainment Group
| Company type | Private |
|---|---|
| Industry | Sports promotion |
| Founded | 2003 |
| Founder | Sadaharu Tanikawa |
| Headquarters | , |
Key people | Sadaharu Tanikawa (President)[1] |
| Subsidiaries | Dream |
Fighting and Entertainment Group (FEG) was the leading Japanese combat sport promoter founded on September 3, 2003. Its current president is Sadaharu Tanikawa[1] and it is the parent company behind the now-defunct mixed martial arts series Dream and formerly, the largest kickboxing promotion in the world, K-1.[1]
Financial crisis
On December 31, 2010 after the Dream event Dynamite!! 2010, Tanikawa announced a three-month hiatus for FEG, stating, "2011 is a comeback year for us. We will restructure the company for three months and start holding events in the spring."[2]
In January 2011, Sadaharu Tanikawa told a Japanese publication that, "The current course is that FEG will die", leading to further speculation about the future of FEG.[3] FEG USA's Mike Kogan added, "[U]nless the money comes now, meaning the investors that have been talking commit and we start to move forward, the company will die. There is no way for it to survive, we have exhausted all good will." [4]
On July 28, 2011, FEG sold K-1 along with most of its trademarks to Japanese real estate firm Barbizon Co. Ltd.[5]
On May 16, 2012, Tanikawa officially declared the bankruptcy of FEG.[6]
See also
References
- ^ a b c "Dream Mixed Martial Arts Organization Launches with 16 Man Grand Prix".
- ^ http://www.sherdog.com/news/articles/Dynamite-Notebook-FEG-Restructures-for-Spring-2011-Return-29109
- ^ http://liverkick.com/index.php?option=com_content&view=article&id=212:so-apparently-qfeg-will-dieq-according-to-tanikawa&catid=34:demo-content
- ^ Sadaharu Tanigawa: The Current Course Is That FEG Will Die
- ^ "K-1 Sold to Japanese Real Estate Firm Barbizon", July 28, 2011, MMAFighting
- ^ FEG's bankruptcy, May 17, 2012, Muay Thai TV
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