Asia’s largest blended martial arts promotion, One Championship, stated Monday it was chopping 20 % of its workers worldwide after being unable to stage struggle playing cards for nearly 4 months due to the coronavirus pandemic.
The Singapore-based group, which promotes playing cards throughout Asia in blended martial arts, Muay Thai and kickboxing, has between 201-500 staff, in accordance with its LinkedIn profile.
One Championship stated in an announcement it had raised a further $70 million to its “conflict chest”, bringing its whole capital to $346 million however added it had additionally “streamlined operations, together with a 20 % discount of whole worldwide headcount”.
Social distancing and different measures to comprise the virus have pressured the closure of sporting occasions worldwide and One Championship’s final occasion was held behind closed doorways in Singapore on February 28, stated a spokesman.
4 occasions had been deliberate to be held with out followers in Singapore throughout April and Could, however they needed to be shelved due to the town’s robust anti-virus guidelines.
One other occasion on Could 29 in Manila was additionally cancelled as a result of the Philippines remained underneath lockdown.
One Championship chairman and chief govt Chatri Sityodtong has stated it’s unclear when fights can resume, due to the journey restrictions, quarantine and distancing guidelines imposed by governments throughout Asia.
Other than fighters, the corporate additionally has to usher in referees, ring women, coaches, coaching companions and its personal workers into any nation internet hosting an occasion.
Infrastructure such because the combating cage must be shipped and constructed at every venue, and though native workers are used for installations the corporate wants to offer its personal supervisors, the spokesperson stated.
The US-based Final Combating Championship (UFC) on Could 10 turned one of many first sports activities to restart post-coronavirus.
It has thus far efficiently placed on six UFC exhibits in tightly managed environments underneath COVID-19 testing protocols in Jacksonville, Florida, and Las Vegas.