ONE Championship boss Chatri hits back over criticism of financials, expects ‘record revenue’ and profitability in 2024

CEO denies report of issues in relationship with Qatar Investment Authority

Chatri Sityodtong has ‘zero’ worries about promotion’s finances and claims ‘visibility’ on US$100 million in revenue for 2023

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CEO Chatri Sityodtong speaks at the ONE IGNITE B2B event in Bangkok. Photo: ONE Championship

Published: 3:00pm, 2 Dec 2023Updated: 3:58pm, 14 Mar 2024

CEO Chatri Sityodtong has hit back over criticism of ONE Championship’s financials, and said the martial arts promotion would make “record revenue” this year and become profitable in 2024.

A report in Singapore-based financial news outlet Deal Street Asia made several claims regarding the organisation’s financial status, with one source suggesting the promotion was in a “weak” position.

But Chatri laughed off the claims, which had centred around ONE’s relationship with the Qatar Investment Authority.

“We have a fantastic relationship with the Qatar government. They are big shareholder in the company. We talk to all our shareholders and board members on a regular basis all the time.

“You can’t believe everything you read. We have very strong relationships with our shareholders and board, they fully support the company. When we announce our 60-plus event schedule [for 2024], it will lay a lot of the BS to rest.”

Asked if he had any financial worries, Chatri responded “literally zero”, and said ONE’s revenue would exceed US$100 million in 2023, and projected revenues of US$200 million in 2024.