This week has been a rollercoaster for K-1 Final 16 news. It's Showtime's Simon Rutz set multiple deadlines for FEG to pay the money owed to It's Showtime and their fighters, with the final deadline set for Friday by end of business. LiverKick.com has been in close contact with It's Showtime officials regarding this news and as of this afternoon there was no word regarding payments. This of course was a worst case scenario for the K-1 Final 16, set to happen in just two weeks now, an event that had yet to secure any substantial sponsors and that fighters had yet to receive finalized contracts for.
There was another rumor this week about FEG offering a contract to fighters who were owed substantial sums of money that would ensure their future fighting for K-1 but would only pay 50% of the money that was owed to them, with the fighter effectively waiving the other 50% and FEG no longer liable for that.
The first word of the show "not happening" came from Anil Dubar, Daniel Ghita's coach by way of the Dutch blog of Daniel Dee. Dubar claims that the event has been cancelled, that October 29th is off.
Of course this is not final, as there has been no official word from K-1 on any of this, and there are reports coming from Japan that FEG is still in meetings with potential investors for K-1, but as the October 29th date draws closer and closer and It's Showtime possibly pulling out a majority of the promised fighters for the Final 16 things are beginning to look truly bleak.