Fighting Entertainment Group, best known as FEG, has gotten an incredibly bad rep after the past few years, and rightfully so. The sad part is, this led to the K-1 name being dragged through not only the mud, but the pig pen. K-1 is now under new ownership, but a lot of this news has apparently yet to really hit Japan. Tony L and Go Yamamoto, whom I greatly respect and have always been on the ball, published this article on Sherdog that quite simply seems out of date and will simply confuse many fans who have been following this closely. If anything, it reflects the understanding of K-1's current situation in Japan or if you aren't reading LiverKick on a regular basis; hazy, at best.
K-1 Global Holdings has made no ifs about it, their focus is on the United States. Their plan is for three events in the United States in 2012, including the K-1 WGP USA Qualifying Tournament in Los Angeles, the K-1 World Grand Prix Final 16 in Miami and K-1 World Grand Prix Finals in New York.
Today Tanikawa made a public statement, which was published on the FEG official website, confirming that indeed, FEG and himself were beyond broke.
e it gets confusing is how it has been appearing in the media. The same day that Masato appeared to the media alongside Mike Kim to talk about K-1 in Madrid, newspapers in Japan were running headlines stating "K-1 Bankrupt." They were talking about FEG, but there has been very little K-1 news in Japan and even less buzz about K-1 Global Holdings and the "new management" before Masato's appearance.