Financial woes at ONE Championship have deepened into a full-blown crisis, with the promotion reporting a record consolidated loss of $90 million in 2023 and cumulative deficits now exceeding $530 million against just $24.6 million in net assets at year-end.
Amid this turmoil, a steady exodus of talent, capped by public warnings from former champion and repeated release demands from fighters, has laid bare ONE Championship’s growing reputation for inactivity and contractual rigidity. Simultaneously, mounting executive departures, cancelled U.S. events, layoffs, and the collapse of high-profile broadcast deals with Amazon Prime Video and Turner Sports display a promotion struggling to deliver.