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    Unfulfilled Dream as Japanese MMA outfit closes shop

    Jun 4, 2012

    Japan-based Mixed Martial Arts organization Dream is reportedly finally closing shop after years of struggle.

    Dream had cancelled an event originally scheduled in July and on Sunday reported the MMA outfit is “no longer a going concern.”

    Parent company Fighting and Entertainment Group had earlier filed for bankruptcy, according to a private credit research firm.

    FEG also earlier had trouble paying what was supposed to be “guaranteed” prizes to fighters. One fighter was reportedly paid more than a year after his fight.

    Kickboxing association K-1, also under FEG, has also been suffering from financial troubles according to reports, and last year it was dropped from Japanese network television.

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