Kogan confirms financial trouble at DREAM

Mike Kogan, who is the US representative of FEG, the owners of DREAM and K-1, has confirmed the company’s financial trouble.

FEG revealed earlier this year that investment bank PUJI Capitol was working to find $200million of investment for the combat sports brand.

Kogan told MMA Junkie: “Are you asking me if we’re going to be in business after Dynamite [on New Year‘s Eve]? I don’t know. It’s very difficult. Obviously, we’re short on revenues, and we need to – besides restructuring – we need to be able to find new sources of revenue.

“You need money to make money, so to speak. I don’t sit in on the financial meetings. But it’s very challenging. We need investment money. That’s the bottom line.”