FEG USA CEO: "We Need Money"

DREAM rep on FEG future: "We need investment money; that's the bottom line"-MMA Junkie

According to FEG USA CEO Mike Kogan the Japanese promoter of DREAM and K-1 is in dire need of fresh investment:

"We need investment money. That's the bottom line."

When asked if FEG would be in business after the upcoming Dynamite! show he said:

"Are you asking me if we're going to be in business after Dynamite? I don't know," he said. "It's very difficult. Obviously, we're short on revenues, and we need to – besides restructuring – we need to be able to find new sources of revenue."

However Kogan sounded optimistic on FEG's prospects regarding long term investment:

"I know that there are various companies that PUJI has already spoken to that have shown tremendous interest, and there's been ongoing conversations," he said. "There have been a few near misses where we were almost heavily invested (in) by some companies over the years. I think there's interest, but I don't know 100 percent what's going on."

Kogan was also critical of his Japanese superiors criticising them for making bad decision's:

"FEG is a complicated company and machine that comes together by a lot of different pieces coming together, and the biggest piece of it is that we'll never understand is the way that Japanese culture works, and the way they do things," he said. "Where I have no problem telling somebody to go [expletive] themselves, they wouldn't, and (they) end up spending money on something we really shouldn't be. You know what I mean? It's just a different culture. They don't operate necessarily how we do. That's just my opinion."

In short DREAM's future after Dynamite! 2010 is in serious jeopardy.