Sam Caplan does a good job of breaking down point by point why everything suspects that the IFL’s May 16th card might be it’s last:
- The IFL hasn’t scheduled any events past the current upcoming one
- The May show finishes their 3-event deal with HDNet
- Their SEC filing says they don’t have enough money to get through 2008
- Jay Larkin released a bunch of depressed ramblings on how MMA is doomed (that’s my own)
But perhaps the promotion isn’t toast yet!
FiveOuncesOfPain.com received a press release yesterday from the IFL to announce that it will be hosting a conference call on Thursday. The first thought that went into my head was that perhaps the promotion was going to announce that it would be suspending operations following the May 16 show? Not so. IFL CEO Jay Larkin and Vice President of Talent Relations Bas Rutten will both be available to the media to discuss future event scheduling (believed to be a new fight card) as well as a “major new initiative for the IFL.”
While a “major new initiative for the IFL” probably doesn’t mean they’re going to announce they’re shutting down, I do expect a “major restructuring” aka mass firing of nearly everyone in order to prolong the inevitable. But then again, that doesn’t sound like a new initiative … sounds more like the continuation of what’s been going on for the past year and a half.