Asia’s largest mixed martial arts organization, One Championship has secured a huge investment deal with Singapore’s Temasek Holdings.
The investment sum was not revealed, however, the deal is believed to be worth a ‘significant eight-figure’ amount. The deal was struck with the Heliconia Capital Management, which is a subsidiary of Temasek. Heliconia chief Derek Lau will join the Board of One Championship as part of the deal. The deal is also expected to take One Championship above the $1 Billion valuation in the market.
"Derek and I both believe One Championship can become Asia's first multi-billion dollar sport media property. It is a big boost for the global MMA industry and a massive point for the sport in Asia,” One Championship founder and chairman Chatri Sityodtong said.
The Singapore-based organization has been riding on some great momentum recently with stars like Angela Lee, Ben Askren and many others on their roster.