(James Goyder is the owner/editor of AsianMMA.com)
ONE Championship has raised some serious money and is looking at a listing on the U.S. stock exchange, according to Bloomberg. The company recently raised $150 million and was valued at $1.4 billion last year.
The recent investment came from Guggenheim Investments and Qatar Investment Authority. The latter is famous for having invested hundreds of millions of dollars in various sporting projects across the world.
The Qatar Investment Authority is best known for its ownership of PSG. Its investment helped turned the French football club into one of the best teams in Europe by purchasing players like Lionel Messi, Neymar and Kylian Mbappe.
Meanwhile Guggenheim Investments owns the Los Angeles Sparks in the WNBA but is better known for its backing companies in the media and entertainment sectors than sport. Last year it backed the $1 billion USD merger between Bright Lights and Manscaped.
The article also states that ONE Championship’s holding company, Group One, is changing its legal domicile from Singapore to the Cayman Islands to prepare for a potential US listing,
“We’re entering a new stage of global growth, which means structuring the company appropriately to take advantage of the various strategic opportunities ahead of us,” Hua Fung Teh, president of Group One, told Bloomberg.
The UFC was bought by a consortium of investors led by WME-IMG for approximately $4 billion in 2016. This valuation would make ONE Championship the second biggest promotion in the combat sport world.
The investment from the Qatar Investment Authority could lead to ONE Championship returning to the Middle East. To date there has only been one event in the region, it took place at the World Trade Centre in Dubai in 2014 and featured the likes of Ben Askren and Shinya Aoki