ONE Championship’s future is once again in question.
Earlier this month, a report from DealStreetAsia revealed that the Singapore-based promotion had made a new pitch to the Qatar Investment Authority in hopes of securing another round of funding. Qatar, a major investor of ONE, had reportedly contributed $50 million of a $150 million round of funding in 2021, so there’s nothing terribly unusual with ONE attempting to secure more investment capital from the government’s sovereign wealth fund.
However, that same report alleged that, according to one source, “ONE’s runway is expected to expire by Q3 of next year,” and that “the Qataris have been increasingly embarrassed about their involvement with ONE, which has been under the spotlight for its weak financials.