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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."

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