M-1 Global Collapse and "Panic" Update

Fedoremelianenko2008m-1globalafflic_mediumEarlier today I wrote about MDS' report that M-1 Global's infrastructure was collapsing in the wake of Fedor's loss. We then posted M-1's rebuttal to that report. Now MDS has a follow-up report where Evgeni Kogan spins the situation as restructuring. To wit:

Kogan acknowledged that four employees of the promotion's Netherlands office have been "made redundant" in a "restructuring" of the company that took place over the last 10 days, but Kogan claims it's pure coincidence that M-1 chose to restructure after Emelianenko's loss. He said he himself is still at the Netherlands office, but he refused to name any other employees who remain there.

Despite Kogan's denials, one of the original sources has reiterated that in the days following Fedor's loss, Kogan told multiple employees of M-1's Netherlands office that they are losing their jobs because the office is closing. Told that Kogan had denied the original story, the source said Kogan was "lying."

Kogan declined to answer any questions about the status of the office, such as whether M-1 owns or leases the office space and whether the promotion has given a landlord notice of intent to move out or taken any steps toward selling the office. Kogan said he couldn't provide any details because it would be unfair to the employees who were recently let go.

"It's an internal matter," Kogan said. "The same thing as I wouldn't ask you what's going on in your office."

Kogan says M-1 Global cutting jobs in the wake of its highest-profile fighter losing his status as the sport's top heavyweight should not be construed as a sign that Fedor's loss hurt M-1's bottom line.

"We've restructured," he said. "It has nothing to do with Fedor's loss. ... What happened on June 26 doesn't affect M-1 as an organization."

I'm hearing from other sources that much, if not all, of what MDS is reporting is accurate. I haven't been able to independently verify it myself, but MDS is a first-rate journalist. I take his reporting very seriously.

From afar, I won't say that this reporting sounds remarkably different than the slow atrophy of WAMMA. And after losing such a great deal of leveraging power (it's also become increasingly clear that, say, relative to the cost of Gina Carano and the ratings she delivers, Fedor's ROI is dubious), I can't say a "restructuring" isn't unnecessary.

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