Abnormal signals have been held at One Championship in the past 1 year. This tournament announced that they were poured capital from the Qatar Investments investment fund, but the activity then decreased, not increased. One admits that they have to cut employees, then move their headquarters from Singapore to Bangkok, Thailand as a move to reduce funding.
In the past, One Championship had a major personnel reduction in 2020. At that time, they fired 20% of the company's employees around the globe. Other ONE investments in the electronic sports segment also show signs of slowing down, even almost no longer mentioned.
In 2022, One Championship once resonated with the One Fight Night series, which was exclusively broadcast on the Amazon Prime Video. But not long after that, One switched to free delivery of this event series on YouTube. Recently, the President of One came to Vietnam, working with HTV so that they continued to broadcast One as before.
Currently, Amazon Prime Video only broadcast exclusive One Fight Night events in North America. The agreement between the two parties will end later this year, but Amazon does not show any signal they want to continue cooperating. Asim Zaidi, president of Karate Combat even claimed, Qatar Investments soon regretted pouring money for One.
The collaborative cooperation agreements, as well as the capital flow, is not supported as committed, making ONE Championship difficult in terms of cash flow. According to information from Lowkick MMA, One hole 152 million USD in the period 2022-2023 (62 million in 2022, 90 million in 2023). The accumulated loss of the tournament has reached 530 million USD, and their net assets are only 24.6 million USD.
“The billion -dollar tournament” as president ONE Championship announced, actually has lost business for many years and showed no signs of improvement. The most obvious evidence for this is that One canceled the big event in the US, and planned to step back for 1 year. In addition, they also let many of their excellent boxers come to another tournament like Reinier de Ridder (to UFC).
In the coming time, UFC shows the move about them will encroach on other martial arts formats, in the immediate future, Jujitsu and Boxing. They signed a contract with Mikey Musumeci, the former One champion. Mikey Musumeci left One in warm memories, when he was forced to go down 10kg for a few days to compete.