Saturday, May 28, 2011

Operation Kickboxing Takeover: It's Showtime Takes Legal Action Against K-1

It's Showtime is taking the next step toward total domination of the kickboxing world. The Amsterdam-based kickboxing promotion has issued a press release to announce that they will be taking legal action against K-1 for money they owe to It's Showtime.

A little over a week ago Simon Rutz, It's Showtime CEO Simon Rutz, announced a broadcast partnership with HDNet. K-1 was formerly HDNet's exclusive kickboxing broadcast partner.

It's only a matter of time before It's Showtime announces an official world grand prix tourmnament. In the meantime, the 'It's Showtime Kickboxing Takeover' is officially underway.

Press release regarding K-1
Press release:

After years of being loyal to K-1 (FEG) regarding the late payment, or no payment at all, to our fighters, we would like to release the following statement.

For more than half a year K-1 owes us more than 400.000 US dollars in total because several fighters which we represent have not been paid. Every time we were asked to have more patience because a potential investor would be interested to take over K-1.

Until now, we have never contacted a lawyer to claim our credits because we granted K-1 the time they need to financially recover. However, we were very surprised to hear that DREAM and K-1 want to organize a number of smaller events. In our opinion that isn’t possible before K-1 first pays its debts to fighters which already have fought. Therefore, now is the time for us to hire a lawyer.

Also, fighters are even receiving phone calls from Mr. Tanikawa with a threat to not fight for IT’S SHOWTIME JAPAN. If fighters would fight for IT’S SHOWTIME JAPAN, they can wave their money goodbye. Mr. Tanikawa is not in the position to act this way, and subservience would fit him a lot better. Mr. Tanikawa doesn’t understand that K-1 has to pay their debts because the fighters have already delivered their service to K-1.

We can only describe the way K-1 has been managed the last years as amateurish and almost as deceit. If we hadn’t put a huge amount of pressure on K-1 just before the K-1 World Grand Prix Final of last year, some fighters would have been even more financially struck.

Even if an investor for K-1 will appear, we really hope that Mr. Tanikawa will take a management course first, otherwise the invested money will disappear like snow in the sun.

The next fighters still have to receive big amounts of money from K-1: Giorgio Petrosyan, Tyrone Spong, Hesdy Gerges, Daniel Ghita, Melvin Manhoef, Pajonsuk Superpro Samui, Chahid Oulad el Hadj, Gago Drago and Dzevad Poturak.

These are only the fighters which are represented by us. However, also a lot of fighters are still patiently waiting for their money. We would like to emphasize that it’s incorrect that K-1 even organizes events without paying their debts to these fighters.

Simon Rutz

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