[div class="notice" class2="icon"]The following is from an article on LiverKick.com, part of the MiddleEasy Network.[/div]
I feel like there is so much going on in the Kickboxing world right now that it is difficult to really pinpoint exactly where to start. I feel like watching the above video by FightstarTV is a good start if any, as Bas Boon discusses some of the implications of the purchase of It's Showtime. Firstly, there is talk about the future of Simon Rutz within the organization and how he will continue to play a big role, which to many will be a relief. Then, there is talk about possibly keeping the It's Showtime name alive much like the Strikeforce name is still alive even though the UFC owns it.
To shift gears, I've had a lot of people asking my "why" over the past 24 hours and seen a lot of questions online on forums and Twitter. After speaking with a few people close to the situation as well as a few people who were working at the show yesterday, it appears that Simon Rutz and It's Showtime's partnership with K-1 blew up in their faces and put them in a financial predicament. Apparently, Rutz and It's Showtime had paid for the K-1 Rising in Madrid show in its entirety and due to using the K-1 name, did not get their usual sponsors and co-promoters to help them cover costs. The expectations were that K-1 would pay for these costs, as promised. After a few days had passed and the money had not materialized, Rutz and Glory began talks which have persisted over the past month and finally culminated on Saturday when the deal was signed.