[div class=”notice” class2=”icon”]The following is from an article on LiverKick.com, part of the MiddleEasy Network.[/div]
The big news came out the other day that Giorgio Petrosyan had terminated his management contract which kept him linked to It’s Showtime and would now simply be working with his original manager, Carlo Di Blasi. LiverKick has spoken with both Di Blasi and officials at It’s Showtime about the matter in an attempt to clarify exactly what is going on with Petrosyan and this management situation.
I feel like there is a need for some backstory to get a clearer picture if you are not well-versed in the current atmosphere in Kickboxing. As we all know, K-1 had an extremely rough 2011 while It’s Showtime had an active year that involved running many successful shows as well as a successful 70kg tournament. A Korean investor, known simply as “Mr. Kim” came into the equation later on in the year, looking to purchase K-1 and strike up a working relationship with Rutz’s It’s Showtime organization. This is why when the K-1 World Grand Prix Final 16 was being organized, most of the fighters were under contract to It’s Showtime or affiliated companies. The official word that we got from Simon Rutz on this matter is that It’s Showtime is not looking to buy a part of K-1, but are more than willing to help anyone who does invest in K-1, as the Kickboxing market is a difficult one right now.