ONE Championship adds $70 million to its war chest
- Existing And new institutional investors participate, bringing total capital to $346 million.
- ONE Championship looks forward to continuing to delight our fans around the world with more heroes and new experiences.
The largest global sports media property in Asian history, ONE Championship ™ (ONE), today announced that it has added $70 million to its war chest, bringing total capital to $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."
For more updates on ONE Championship, please visit https://www.onefc.com/about-us/, follow us on Twitter and Instagram @ONEChampionship, and like us on Facebook at https://www.facebook.com/ONEChampionship.
About ONE Championship ™
ONE Championship (ONE) is the largest global sports media property in Asian history. Headquartered in Singapore, ONE is the world's largest martial arts organization, hosting bouts across all styles of martial arts such as Muay Thai, Kickboxing, Karate, Kung Fu, Silat, Sanda, Lethwei, Mixed Martial Arts, Tae Kwon Do, Submission Grappling, and more.
ONE hosts the biggest sports entertainment events across Asia, featuring some of the world's best martial artists and world champions on the largest global media broadcast in Asia. ONE Esports, a subsidiary of ONE Championship, runs Asia's largest global esports Championship Series with some of the biggest blockbuster game titles in the world. With a focus on both martial arts and sports, ONE Championship is currently the largest producer of millennial live sports content in Asia.
In addition to its digital platforms, ONE Championship broadcasts to over 2.7 billion potential viewers across 150+ countries with some of the largest global free-to-air and digital broadcasters, including Star Sports, Tencent, ABS-CBN, Astro, ClaroSports, Startimes, Fox Sports, Thairath TV, Turner Sports, Skynet, Mediacorp, Great Sports, Mediaset Italia, ProSiebenSat.1, Dubai Sports, and more.Published 15 Jun 2020, 17:18 IST