Finances: Is Evolve MMA really worth $360 million?
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Anton Tabuena
Recently Bloody Elbow examined the finances for ONE Championship, utilizing filings with the Accountant and Corporate Regulation Authority, which is Singapore’s version of United State’s Security and Exchange Commission. Since other noteworthy MMA entities have filed with ACRA we thought it might be worthwhile to take a look at the financial statements for Evolve MMA, as well as relate an interesting transaction involving their shareholders.
The Evolve Group Pte Ltd, the corporate entity that does business as Evolve MMA, was founded by Chatri Sityodtong. Chatri is also the founder and CEO of ONE Championship. Where as ONE is mostly thought of as a promotion, Evolve bills itself as being “Asia’s #1 mixed martial arts gym.”