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Investment boost for biggest mixed martial arts firm in Asia | Investment boost for biggest mixed martial arts firm in Asia |
(about 3 hours later) | |
Asia's biggest mixed martial arts (MMA) firm, ONE Championship, said it has secured investment worth tens of millions of dollars. | Asia's biggest mixed martial arts (MMA) firm, ONE Championship, said it has secured investment worth tens of millions of dollars. |
The deal is with a subsidiary of Singapore state investment fund Temasak, said ONE Championship. | The deal is with a subsidiary of Singapore state investment fund Temasak, said ONE Championship. |
Global popularity of MMA is on the rise, and the firm organises fights across Asia. | |
Earlier this week, US-based Ultimate Fighting Championship was sold for $4bn (£3m). | Earlier this week, US-based Ultimate Fighting Championship was sold for $4bn (£3m). |
While the investment sum for ONE Championship has not been disclosed, the BBC has learned that "it's an eight-figure sum". | While the investment sum for ONE Championship has not been disclosed, the BBC has learned that "it's an eight-figure sum". |
MMA is one of the fastest-growing and most controversial sports in the world. | MMA is one of the fastest-growing and most controversial sports in the world. |
It combines techniques from wrestling and martial arts. It is banned in France but attracts millions of television viewers across the globe. | It combines techniques from wrestling and martial arts. It is banned in France but attracts millions of television viewers across the globe. |
This week, Ultimate Fighting Championship (UFC), a US based MMA promoter, was sold to a group of investment and equity firms in one of biggest ever price tags for a sports brand. | This week, Ultimate Fighting Championship (UFC), a US based MMA promoter, was sold to a group of investment and equity firms in one of biggest ever price tags for a sports brand. |
Victor Cui, chief executive of the Singapore-based ONE Championship told the BBC that the investment from Heliconia would go into plans to develop the martial arts events beyond the current Asia focus to bring them to a global audience. | Victor Cui, chief executive of the Singapore-based ONE Championship told the BBC that the investment from Heliconia would go into plans to develop the martial arts events beyond the current Asia focus to bring them to a global audience. |
"Our alliance with Temasek and Heliconia will unlock additional markets and opportunities for ONE," he said. | "Our alliance with Temasek and Heliconia will unlock additional markets and opportunities for ONE," he said. |
Heliconia Capital Management is a wholly owned subsidiary of Temasek, an investment company owned by the Singapore government. | Heliconia Capital Management is a wholly owned subsidiary of Temasek, an investment company owned by the Singapore government. |
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