Kingpyn tournament canceled as company reportedly files for bankruptcy
Influencer-boxing promotion Kingpyn has reportedly filed for bankruptcy following the second event in their ‘high stakes’ tournament, which was scheduled to wrap up in August.
The influencer-boxing bug has taken over the internet, with creators from all platforms looking to get a piece of the pie.
The trend was officially kicked off byLogan Paul and KSI’s highly-anticipated boxing matchin 2018, and it’s been off to the races ever since.
In the years following this magical bout,KSI’svery own Misfits Boxing has managed tosecure a five-year deal with DAZN…but it doesn’t look like another competitor in the space is doing so well.
Kingpyn cancels boxing tournament & files for bankruptcy
Kingpyncropped up earlier this year to rival Misfits x DAZN witha ‘high stakes’ influencer-boxing tournamentthat would take place over the course of several separate events throughout the year to see which creators would come out on top.
The quarter-final took place on April 22 at the OVO Arena in London, and the semi-final just went in the books on July 1 in Dublin.
Influencer boxing event KingPyn reportedly file for bankruptcy after just one high profile eventpic.twitter.com/sdVj8bdx6U
However, it doesn’t look like viewers will get to see how this tournament actually pans out in the final, as Kingpyn has reportedly filed for bankruptcy right in the middle of their combat sports showdown.
This news comes fromHappy Punch Boxing, which also claims that sources close to the company have completely canceled the entire Kingpyn tournament.
KSI reacted to the newspic.twitter.com/26ShATuDxH
KSI has given his reaction to the news, laughing at the company’s fallout mere days after joking that they’d gone bankrupt on Twitter.
Kingpyn are bankrupt?
Shortly after the initial news broke, Happy Punch then reported that none other than DAZN could be stepping in to salvage the brand. Sources informed them DAZN may be securing investment to acquire Kingpyn in the very near future, though whether this comes to fruition, obviously remains to be seen.
KSI fan survives boxing gauntlet to win Misfits contract in most “dangerous” challenge yet
Creator Clash officially canceled as drama collapses boxing event for good
Jack Doherty slams Kick over ban appeal denial & challenges CEO to boxing match
DAZN is now rumored to be picking up funding for Kingpyn, sources tell Happy Punchpic.twitter.com/QIcr0i4qYI
For now, the future of Kingpyn is unclear — but until then, influencer-boxing fans can keep their eyes peeled forMisfits x DAZN Series 008,which takes place on July 22 with a whole host of tag-team matches.
