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M-1 Global denies ‘panic’ over Fedor’s loss

Earlier today M-1 Global’s Director of Operations, Evgeni Kogan denied  a report made earlier by the website, stating that the organization’s main office in Holland had shut it’s doors. Kogan also denied that M-1 was in a ‘panic’ after their star fighter Fedor Emelianenko was defeated by Fabricio Werdum.

Kogan reported to that the fired four employees out of the Holland office, as the organization is in the process of an ongoing reconstruction. Kogan also stated that the office is doing just fine with it’s remaining seven employees.

“This is just four people out of 70 and there’s constant crossover,” said Kogan. “We have people from the Russian office working in the States. We have people from Holland traveling (to shows.) Those four people weren’t four out of 11; it was four of 70.”

Kogan reported that the report was first made by a “disgruntled former employee,” who talked with a Russian website. Kogan also made that suggestion that perhaps other websites translated the info and then made their own reports.

He also denied the fact that the company has lost many investors since Fedor’s loss.

“It’s been the same investors and leadership since 1997,” said Kogan. “It’s been the same people (involved) for 13 years. Nothing has changed. For 13 years, it’s been the same. It’s the oldest running (MMA) organization in its current form.”

And although Kogan and the other M-1 Global representatives were understandably upset by Fedor’s defeat, the loss had little effect of the business side of things.

“The business side of things doesn’t change,” said Kogan. “If Michael Schumacher doesn’t win a Formula 1 season, does (it cost him) half the money in the next season? It’s ridiculous. The business reality has nothing to do with one loss. It’s completely misguided to think that it makes any difference.”

“Fedor has status in this sport, financially and in terms of perspective,” said Kogan. “To believe any different is to be out of touch with the business reality of mixed martial arts or any other sport for that matter.”

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