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IFL secures more financing

I first noticed the below link this morning on FightOpinion.com:

dBusinessNews.com

To all the IFL haters out there predicting the demise of the league, it looks like you’ll be wrong for at least another year. The IFL has raised another $12.7 million in financing, which should be enough to get them through the 2008 season.

This is good news for MMA. IFL commissioner and co-owner Kurt Otto has said that MMA needs the IFL to succeed and I agree. The more MMA, the better. The more options that the fans and fighters have, the better. And as a writer/blogger, the more I have to write about, the better.

The $12.7 million probably will only be enough for 2008 but the league is building momentum and if the new TV format continues to be strong, things could break big for them in 2009 and they might be able to start bringing in some strong revenue through TV, sponsorships, and live gates.

Additionally, a year from now the franchises might actually be worth a decent amount of money to private investors with cash to burn that are looking to get involved with MMA. If I was a Mark Cuban-type who made my money elsewhere and was looking to get involved with sports ownership as a hobby, I might be interested in an IFL team.

6 COMMENTS
  • says:

    I agree that it is very good news, especially for the fighters. It seems that they are well taken care of and it’s definitely good exposure. I definitely like seeing some of the lesser known fighters, at least at the time, get a chance to fight in a good organization and get good exposure. It can only help them and MMA as a whole. And any time it’s on tv I watch it, so it’s certainly good for fans.

  • says:

    hi sam –

    long-time reader, first-time commenter. this is one of my regular stops when i make the rounds of mma sites.

    do you you have any idea when the IFL semi-finals will be televised? and are you going to the fights tonite? i will be there and i can’t wait for UFC to come back to NJ in november.

  • says:

    for me, it’s difficult to keep tabs on who’s on what team…i don’t think (this is from more of a branding viewpoint) that they do a good job of establishing team identities, and tying them to a given town or region. for instance…the Tokyo Sabres. do they fight in tokyo? do they have “home games” as it were?
    i dunno, maybe its because i’m from an area that doesn’t have a team that i get that feeling.

  • says:

    OJ:

    I will be at the semifinals tonight assuming I don’t get lost on my way there. When I’m there, I will ask when the semifinals will air

    Garth:

    I agree with you. I think they should brand the teams in the image of their coaches and their respective fight camps. For me, it’d be cooler to root for Team Quest vs. the Iowa Silverbacks but I’m assuming there are a lot of logistical and marketing issues with that approach.

  • says:

    funny you’d say that, i was brainstorming for my own personal self last night and came up with a camp-based, as opposed to city-based, team idea. i guess its not that original…they do that in BJJ contests a lot, don’t they? but those are usually tourneys…hmm
    i’m totally for the idea of Quest vs. MFS, or say BJ Penn’s gym vs. Greg Jackson’s.

    oh yeah, OT, but THANKS for the review of the Tapout show all that time ago. I would have never watched it if not for the favorable review, and i’m hooked. i kind of look the other way when “mask” and “skyscrape” are acting the fool, but the insight into the fighter’s lives and business is awesome. it’s so much better a concept than say TUF it’s hard to describe.

  • says:

    Don’t forget, the prelims start tonight right after the doors open at 6:15pm tonight. 14 fights total. I’ll be there.

    I’ll be the first to admit I thought the team concept was simply stupid when it was first announced. I really thought that the injury factor alone (which is really hurting tonight’s card) would damage the concept too much. And while I still can’t see myself starting to root for a specific team rather than a particular fighter, the IFL is catching onpretty good and I’m excited to see their product tonight. For all the bluster that Bodog promotes about having exciting young fighters, the IFL blows them away in that department.

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