SINGAPORE: Asia’s largest combined martial arts promotion, One Championship, mentioned on Monday (Jun 15) it was reducing 20 per cent of its staff worldwide after being unable to stage battle playing cards for nearly 4 months due to the COVID-19 pandemic.

The Singapore-based organisation, which promotes playing cards throughout Asia in combined martial arts, Muay Thai and kickboxing, has between 201 and 500 staff, in keeping with its LinkedIn profile.

One Championship mentioned in a press release it had raised an extra US$70 million to its “warfare chest”, bringing its complete capital to US$346 million however added it had additionally “streamlined operations, together with a 20 per cent discount of complete worldwide headcount”.

READ: Singapore’s jobless charge highest in 10 years, complete employment at report low in Q1

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 Feb 28, mentioned 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 nation’s “circuit breaker” measures.

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 mentioned it’s unclear when fights can resume, due to the journey restrictions, quarantine and distancing guidelines imposed by governments throughout Asia.

Chatri Sityadtong, chairman and CEO of ONE Championship, Asia's largest MMA promotion

Chatri Sityadtong, chairman and CEO of ONE Championship, Asia’s largest MMA promotion AFP/ROSLAN RAHMAN

Other than fighters, the corporate additionally has to usher in referees, ring ladies, 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 mentioned.

READ: About 3,800 corporations closed down in April; count on uptick in coming months: Chee Hong Tat

The US-based Final Preventing 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.

BOOKMARK THIS: Our complete protection of the coronavirus outbreak and its developments

Obtain our app or subscribe to our Telegram channel for the most recent updates on the coronavirus outbreak: https://cna.asia/telegram



CLICK HERE TO THE ORIGINAL ARTICLE