The Philippines has recently become a hot bed for talent in the combative sports world. The success of Manny Pacquiao and several up and coming Mixed Martial Arts (MMA) fighters has put the Philippines near the top of the map for the future of combative athletes.
Today, King of the Cage (KOTC) announces a multi-year deal with a private equity group headed by international businessmen, Ray Young and finance expert Michael Brown. The group will be setting up an operating company in the Philippines for the purpose of promoting and developing multiple Live Events and bringing weekly broadcast television shows throughout the Philippines. The initial plan is to hold two (2) MMA events in 2013, launch the opening of a MMA gym to help develop local prospects and establish a TV broadcast partner for its global content in 2014 calendar.
Terry Trebilcock, owner and CEO of King of the Cage, states, “We have had plans to enter the Philippines now for several years. We have always known what an elite level market this could become and we needed the proper partners which we found in Ray Young and Michael Brown.
“We’re very excited about the opportunity in promoting, developing and bringing exposure to these prospects in the Philippines through the King of the Cage global platform” stated Ray Young, Chairman, King of the Cage Philippine “soon we’ll have a KOTC world champion coming out of Philippine that will be recognized globally and will have the ability to compete throughout the world.
This announcement comes right on the heels of a similar one three months ago, where Ray Young signed and financed a multi-year deal with KOTC to bring MMA to Mongolia. With a weekly KOTC broadcast deal in place with Sports Box in Mongolia, Mr. Young and his local private equity partners are now planning on bringing the first Live KOTC Event in the 4th quarter of 2013.