Despite recent criticisms and reports questioning the financial stability of ONE Championship, Chatri Sityodtong is confidently dismissing these concerns – emphasizing that the following year will be even more successful than 2023.
Here is what he had to say in a recent interview with the South China Morning Post:
You can’t believe everything you read. We have very strong relationships with our shareholders and board, they fully support the company.
When we announce our 60-plus event schedule [for 2024], it will lay a lot of the BS to rest.
How many times has there been misinformation of these clickbait articles in the last five years for ONE and what happened?
We went on to have record breaking years in terms of event viewership and revenue.
It’s not been exactly easy to build ONE Championship into what it is today, but Sityodtong knows what it takes to succeed:
Building a sports property from scratch is chicken and egg, you need phenomenal TV ratings but in order to get that you have to have the biggest broadcast partners who then invest around the property and once you do, you get strong TV ratings and media rights starts to climb rapidly.
We spent a good decade building a platform, getting the best martial artists, rounding up brands and government support, rallying investors who have invested over US$500 million so far into ONE.
He explained that there are always haters, but…
It’s unfortunate there’s haters who have an axe to grind but they can grind.
My team and I, my board and my investors are 1,000 per cent in.
It would be another story, there would be more credence to it, if all of our metrics were falling apart or something.
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