Finance Magnates can confirm that the deal between Fullerton Markets and ONE Championship has fallen through.
Announced last Monday, the deal was supposed to see the retail broker working together with the sports media company.
Akin to the Ultimate Fighting Championship in the US, ONE Championship hosts a range of different fighting events.
Like Fullerton Markets, it focuses on the Asian market. In fact, the company is yet to put on an event outside of the world’s largest continent.
The deal with Fullerton Markets would have seen fighters contracted with ONE Championship making exclusive content and doing interviews in conjunction with the broker.
Had it gone through, it would have been quite a Marketing coup for the retail broker. ONE Championship claims that it has 1.7 billion viewers in 136 countries around the globe.
But just a few days after the agreement was publicized, a ONE Championship spokesperson told Finance Magnates that the deal was off.
“This deal has been cancelled,” an executive at the sports media company said in a short statement.
Web pages, which previously contained information on the deal, have also been taken down from the ONE Championship website.
Finance Magnates reached out to Fullerton Markets for comment but, at the time of the publishing, no answer was forthcoming.
To South America!
Though it focuses on Asia, in September of last year Fullerton Markets left its headquarters in New Zealand and moved to St Vincent and the Grenadines.
That move came a year after the company’s representative in the country, a Malaysian national named Chanthrueen Sarigabani, was refused a work visa by New Zealand authorities.
Shortly after that, the broker was issued with an anti-Money Laundering warning by local authorities. The company then canceled its application to become a regulated entity in New Zealand.
Three days after the license withdrawal was made public, an article published by interest.co.nz revealed that police were investigating a complaint from Fullerton Market’s trustee bank, Kiwi Global Trust, regarding the transfer of NZD 4 million ($2.74 million) out of New Zealand.
