Wednesday, June 1, 2011

Operation Kickboxing Takeover Part II: Simon Rutz Addresses Sadaharu Tanikawa Press Release

It's Showtime isn't backing down from K-1. It's Showtime founder and CEO Simon Rutz addresses the press release issued by K-1 president Sadaharu Tanikawa and a recent phone call between the two.

Here's the obvious: It's Showtime WILL hold events in Japan. It's Showtime WILL continue to demand the money owed to them by K-1. It's Showtime WILL continue their expansion campaign and increase their prominence in the kickboxing world.

Press release regarding K-1 (Part 2)
May 30, 2011

Following the press release from Mr. Tanikawa, I would like to make the following statement:

It is true that I had a telephone conversation with Mr. Tanikawa in which he has taken some of my worries away, by apologizing to me several times and saying that for him it’s no problem that IT’S SHOWTIME will organize events in Japan.
However, there’s still the fact that we have 400.000 US Dollars in direct demandable deposits at K-1 and we also have many contracts with a total value of millions of dollars which have not been fulfilled by K-1.

Mr. Tanikawa asked us if we want to delay our juridical actions with another week because he will make us some positive offers within a week. Given our long term relationship with K-1, we will not make a problem out of this week. If we haven’t heard anything positive after a week, we will continue our already embarked actions.

I would like to emphasize that I would sincerely regret it if Mr. Tanikawa can’t find a way to help K-1 to recover. K-1 has done a lot of good work for a lot of years for the fans, the fighters and the image of the sport.

Simon Rutz

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