Back in October of 2018, Bloody Elbow took an in-depth look at ONE Championship’s finances using the Accounting and Corporate Regulatory Authority (similar to SEC in the US) financial documents filed by the MMA promotion themselves in Singapore.
Despite various claims made by the promotion publicly, their financials painted a completely different picture — one that included accumulated losses of S$92.6 million (the equivalent of 67 million in US dollars) as of 2017.
In the several months since their financial situation was brought to light, the Singapore-based company continued to tout their numbers and make bold proclamations.