IFL May Be Going Bankrupt
The ongoing question of the feasibility of other MMA organizations in the shadow of the UFC is about to get elevated. It looks like the International Fight League is in serious financial trouble and may be forced to declare bankruptcy soon. The folks over at MMA Junkie give us this:
The International Fight League has canceled its Aug. 15 event at the IZOD Center in East Rutherford, N.J., and warned investors that the company might be forced to protect itself from creditors. In an announcement today, the struggling league blamed the cancellation on its weakening financial condition and said it is continuing to seek ways of remaining in business.
There isn’t any doubt that the MMA world is richer with multiple fight organizations operating, rather than just a supreme UFC monopoly. However, the money required to lure top or second tier fighters into the various promotions is considerable… and it’s done in the hope that eventually they’ll be able to sustainabley afford it. This news of IFL sinking fast isn’t going to be the last we hear of.
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