Brutal Knockouts in UFC, K1, MMA, Boxing, Taekwondo and many others martial arts.
K-1 began in 1993 and is a kickboxing platform and martial arts brand well-known worldwide mainly for its heavyweight division fights. On January 2012, K-1 Global Holdings Limited, a company registered in Hong Kong, acquired the rights to K-1, and is the current organizer of K-1 events worldwide.
The letter K in K-1 is officially designated as a representation of words karate, kickboxing and kung fu. Nevertheless, some reports suggest that it represents the initial K found in competing disciplines such as karate, kickboxing, kung fu, kempo, kakutougi (the generic Japanese term for “combat sports”), and [tae] kwon do.
Yet another theory claims that the K simply comes from kakutougi and the “1” component pertains to the single weight division (in earlier competition) and the champion’s unique position. Nevertheless, the promotion held several tournaments under K-2 and K-3 banners from 1993 to 1995.
Starting in 2010, multiple stories began to surface regarding the financial troubles of K-1 and their parent company FEG. Simon Rutz, the owner of the Dutch-based kickboxing promotion It’s Showtime, claimed in January 2011 that some fighters from It’s Showtime had not been paid for fights in K-1.
In early 2011, FEG publicly announced that they were facing financial problems and that the organization would take some months off to restructure. A seemingly endless list of fighters and managers spoke out against FEG due to unpaid fight purses and objections to the direction that its owner was taking K-1. From outside speculation, it appeared that financial problems are severe, FEG could potentially lose ownership of K-1.
The entire K-1 brand, along with most of its trademarks, with the exception of, ‘K-1 Koshien’, ‘K-1 MAX’ and ‘Dream’, were sold to Japanese real estate firm, Barbizon Corporation Limited, on July 28, 2011.
There was yet to come even another change in ownership of K-1 brand. It was reported on February 1, 2012 that EMCOM Entertainment Inc. purchased K-1 from Barbizon.