On the heels of GLORY 33, which took place last weekend (Fri., Sept. 9, 2016), Yao Capital -- the private equity firm of former NBA player Yao Ming -- has acquired a significant and strategic stake in GLORY kickboxing. GLORY announced the news via press release earlier this week. Financials were not disclosed, but it was revealed that Liberty Global has also invested.
"To me, the sport of kickboxing is a synonym for courage, grit and the will to succeed," said Yao Ming, chairman and co-founder, Yao Capital. "As kickboxing is gaining worldwide popularity among the younger generation, Yao Capital is pleased to partner with GLORY, the world's number one league in this field.