Zach Arnold at FightOpinion.com has a nice writeup on the current financial status of the International Fight League.
The most recent 10-Q report filed the by IFL with the Securities and Exchange Commission shows the sorry financial state of Mixed Martial Arts first team based fight league.
For the three months ended June 30, 2007, we incurred a net loss of $6.9 million, or $0.13 per share, as compared to a net loss of $1.8 million, or $0.10 per share during the comparable period in 2006. For the six months ended June 30, 2007, we incurred a net loss of $13.8 million, or $0.26 per share, as compared to a net loss of $2.4 million, or $0.14 per share, during the comparable period in 2006.
Personally, I’m surprised the IFL has manage to sustain business operations as long as they have already, which really is unfortunate. Head over and read Zach’s article to get more information and analysis as far as what the report really means.
