Is there anything more encouraging re: the health of the IFL than to see head honcho Jay Larkin basically imply that MMA is DOOMED! DOOMED! DOOMED I SAY!
“You have got maybe some 20 MMA groups around the world, and every single one of them is struggling,” said Jay Larkin, IFL’s chief executive. “In the last three or four months, 10 have either reorganized, folded, changed names or completely gone out of business. That is a very heavy casualty rate for a sport that is supposed to be the greatest thing since the NBA.”
IFL is looking to align with a media concern or another MMA outfit, Larkin said, though the three-year-old company also is confident of raising additional equity. The MMA industry must consolidate to survive, Larkin said.
With confidence like this coming from Jay, I’d say you should sell all your IFL stock right now. Then, reinvest the money in that deal down by the grocery store where you get 3 packs of Reeses Peanut Butter Cups for two bucks. Either way, in a few days your investment will amount to a pile of shit. But my suggestion is a much more delicious way of getting there!