[div class=”notice” class2=”icon”]The following is from an article on LiverKick.com, part of the MiddleEasy Network.[/div]
There is no doubt that there are two big kickboxing organizations in the world today; K-1 and It’s Showtime. One of them has existed for almost 20 years while the other for around 12 years. One of them started off with a bang and continued to grow without restraint while the other took a slower approach to growth. K-1 started off strong, creating the mold for those to follow when it comes to promoting championship kickboxing, with glitz, glamour, international fighters and creating a set of rules that would be used worldwide.
Much like UFC has become synonymous with MMA, K-1 is with kickboxing. You don’t fight kickboxing, you fight K-1, just like you don’t fight MMA, you fight UFC. The problem is that there were no checks and balances for K-1, just growth. The first real problem that could have derailed the train came with founder Kazuyoshi Ishii’s legal problems; tax evasion, money laundering and so forth. This led up to 2006 where the company almost completely went bankrupt, but was able to divert attention away from the problems and founded FEG, an umbrella company to handle their finances and be the new faces of K-1.