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Wednesday, July 24, 2024

ONE Championship adds $70 million to war chest

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Singapore—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.

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