That really isn't a sensationalist headline or anything, that is a quote from FEG President Tanikawa from Sports Graphic that was released the other day in Japan. This comes around the same time that Tanikawa posted on his twitter that he would "do something huge." Actually, this interview came before that tweet was pushed out to the public. Quote comes from NOB, as always.
||“The current course is that FEG will die. There are probably staff members that will leave as well. The event name will be left but the promotion will change. If the current structure remains as it is it will be impossible to continue. If many investments from companies overseas do not come in we can’t survive.”
One can only really wonder what exactly will become of K-1 and DREAM. As we have been reporting from way back when we were HKL, part of the deal in place with PUJI was that FEG would need to do some serious restructuring to continue on into 2011. FEG was against major restructuring and the deal came to a standstill, when in the 11th hour PUJI and FEG came to an agreement and PUJI had found a few suitable investors for the restructured FEG.
So it looks like the FEG that we know and love will cease to exist, and in its place something new. K-1 and DREAM will continue on, and to the casual observer, there may not be too many differences. Now it is time to simply wait and see what else is announced in the coming days.
UPDATE: As always, if you use Twitter, you should follow @DanHerbertson, as he has some more quotes.
UPDATE 2: A sneaking suspicion was confirmed by Stuart Tomkin, that these quotes are indeed from the Dynamite!! post-press conference.