One Championships is already the largest MMA organization in Asia, but a new equity investment may help make them bigger all over the world.
The promotion didn’t release to many details on the new investment, but the capital for the company is now over $100 million.
Chatri Sityodtong, the One CEO, is thrilled that their is an investment company that believes in the promotion so much.
“I am thrilled that Sequoia, Mission Holdings, and Heliconia Capital Management believe in both our mission of unleashing superheroes and our goal of becoming Asia's first multibillion dollar sports media property,” Sityodtong stated in a press release.
With the new investment in hand, the promotion is going to expand into more markets, including an event in Vietnam later this year.
Mission Holdings chairman Saurabh Mittal says the promotion is well on its way to being Asia’s first multibillion dollar sports entity.
“In six short years, ONE Championship has become Asia's top global sports brand in history,” stated Mittal in the release. “While we are delighted to have been a part of this journey as partners since the beginning, we are equally thrilled to have such a storied, successful venture capital firm like Sequoia join as fellow shareholders. With this equity investment led by Sequoia and Mission Holdings, ONE Championship is well on its way to becoming Asia's first multibillion dollar sports media property."
One Championships next event is One Championships 57, which takes place on Saturday, July 29 with Kairat Akhmetov and Adriano Moraes headlining.
- From The Web