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It's Showtime Updates the K-1 Situation

  • Written by Dave Walsh

You'll remember last week It's Showtime sent out an announcement that they would be possibly taking legal action against K-1 for a total of $400,000+ that is owed to It's Showtime fighters. This all came after It's Showtime announced It's Showtime Japan would begin gearing up over the summer and K-1 is finally running their first show. Tanikawa made it clear he was unhappy and wished to block any fighters from fighting for It's Showtime if they wanted to fight for K-1 again.

Well, Rutz has released a new statement this morning.

Following the press release from Mr. Tanikawa, I would like to make the following statement:

It is true that I had a telephone conversation with Mr. Tanikawa in which he has taken some of my worries away, by apologizing to me several times and saying that for him it’s no problem that IT’S SHOWTIME will organize events in Japan.
However, there’s still the fact that we have 400.000 US Dollars in direct demandable deposits at K-1 and we also have many contracts with a total value of millions of dollars which have not been fulfilled by K-1.

Mr. Tanikawa asked us if we want to delay our juridical actions with another week because he will make us some positive offers within a week. Given our long term relationship with K-1, we will not make a problem out of this week. If we haven’t heard anything positive after a week, we will continue our already embarked actions.

I would like to emphasize that I would sincerely regret it if Mr. Tanikawa can’t find a way to help K-1 to recover. K-1 has done a lot of good work for a lot of years for the fans, the fighters and the image of the sport.


Simon Rutz
IT’S SHOWTIME

It is good to see that some common ground has been met, but we aren't out of the woods yet.

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