The IFL announced several fights which will fill out their May 19 event in Connecticut at the Mohegan Sun.
The announced fights are:
- Aaron Stark vs. Lamont Lister
- Nick Calandrino vs. John Howard
- Joey Guel vs. Matt Horwich
- Zac George vs. Josh Souder
- Fabricio Camoes vs. Jim Miller
- Danillo Villefort vs. Mike Massenzio
The event will also feature three IFL title fights:
- Heavyweight Championship – Champion Roy Nelson vs. Brandon Lee Hinkle
- Lightweight Championship – Champion Ryan Schultz vs. Deividas Taurosevicius
- Middleweight Championship – Ryan McGivern vs. Dan Miller
The IFL’s future looks very bleak according to its 10-K annual report released last week. The company has total losses through 2007 of $31 million. The filing included a paragraph from independent auditors expressing doubt about the company’s viability.
We expect that our revenues from operations will be insufficient to meet our projected expenses, unless we are able to increase our revenues through other sources, such as entering into a strategic alliance with a significant television broadcaster or sports or entertainment enterprise or exploiting our digital rights. Unless we can successfully increase our revenues through these other sources (in excess of the costs we incur to generate these revenues), we will likely be required to raise additional capital through equity or debt financings by the end of the second quarter or in the early part of the third quarter of 2008 … If we are unable to raise sufficient additional capital on acceptable terms, we will likely have a cash shortage which would disrupt our operations, have a material adverse effect on our financial condition or business prospects and could result in insolvency.
Basically, unless a money tree magically appears in the IFL’s back yard or someone decides to act charitable, the IFL probably isn’t going to be around much longer.
The IFL’s CEO, Jay Larkin, doesn’t sound too optimistic either:
“You have got maybe some 20 MMA groups around the world, and every single one of them is struggling. In the last three or four months, 10 have either reorganized, folded, changed names or completely gone out of business. That is a very heavy casualty rate for a sport that is supposed to be the greatest thing since the NBA.”
We might as well get this queued up.