In a significant financial maneuver, FEG, the parent company of Dream and K-1, announced that they have inked a deal worth $230 million (USD) with the Shanghai-based bank PUJI Capital.
The importance of the deal was not understated by K-1 President Sadaharu Tanikawa, as he took aim at those who his company will look to compete against, specifically his stateside counterparts.
“This is a declaration of war against the WWE and UFC. From Asia, we will take the world,” said Tanikawa (translated by MMAFighting.com).
Not since the days of Pride has Japan been a major player in the world of mixed martial arts and FEG is hopeful today’s announcement will re-ignite the “Land of the Rising Sun.”
Regardless of how much money they have in their pocketbooks, Tanikawa knows they have an uphill battle ahead of them. The confident president likened FEG’s fight to that of Dream lightweight champion Shinya Aoki’s.
“Before (Shinya) Aoki beats (Gilbert) Melendez, we must win as promoters,” he continued.
One thing they won’t do, however, is battle the UFC on U.S. soil. FEG understands that trying to capture the American MMA market, where the UFC basically runs a monopoly, would be a David vs. Goliath battle they can’t win.
No comment from UFC president Dana White regarding Tanikawa’s statement.