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Loss-making One Championship gets $70m injection as 20 per cent of workforce cut

Action from a One Championship fight (Photo by Suhaimi Abdullah/Getty Images)

Singapore-based mixed martial arts promoter One Championship has raised $70m (€62.2m) from investors while revealing a hefty cut to its global headcount.

After being unable to stage fight cards for almost four months because of the Covid-19 pandemic, One Championship said today (Monday) that it was streamlining operations, including cutting 20 per cent of its worldwide staff.

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