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Photo of the Day: K-1's Financial Woes Makes Headlines

  • Written by Dave Walsh

K-1's financial woes are nothing new to LiverKick.com's readers, as we've been covering K-1's inability to pay their fighters on time for longer than the existence of LiverKick.com now. Ray Sefo's last bout with K-1 was in October of 2010 after fighting for K-1 3 times within the span of a year. Sefo's deal with K-1 was heavily talked about throughout the hardcore fan community as being upwards of 3 million dollars for a multi-fight deal, and apparently the last part of that deal was to pay Sefo $700,000. It has been 9 months now, and Sefo has been very publicly discussing how K-1 has yet to pay him. Many have rushed to defend K-1, whose contracts do have certain clauses about pay and the timeliness of it. This is standard in the international fighting world, for example Ultimate Glory pays 30 days after the event. K-1's clause is usually in the range of six months, and Ray Sefo has worked with K-1 for many years, so there is no chance of him not knowing this.

This is all immaterial now, as it has been over nine months and Tanikawa has even stated that the Sefo situation is "taken care of." It is important to note that the Japanese media have an unspoken gag order of sorts of them when it comes to matters like this. Business in Japan is very different and there are a lot of secrets, what happens behind closed doors is usually not as public as it is in other places. For a Japanese newspaper to print an article about Ray Sefo, Peter Aerts and more being owed money by Tanikawa, as well as Tanikawa lying, it would have to be considered a big deal. It is. [source]

Ray Sefo

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