Kingpyn allegedly lost $4 million from his first boxing event 2023

After the company was criticized for not paying the boxers and event staff, Wade Plem alleged that Kingpyn lost millions of dollars in their first event.

While KSI’s Misfits Boxing is leading the space, a new promotion earlier this year Kingpyn has managed to enter the market with their influential boxing tournament ‘High Stakes’. It wasn’t a smooth ride though.

During the preparations for Kingpyn’s second event, which hosts the semi-finals of the tournament, there were rumors that the company had filed for bankruptcy, until streaming service DAZN came to the rescue. .

Since the semifinals, boxers and event staff have accused the company of not paying the money they owe. And now, YouTuber and commentator Wade Plem has alleged that the company lost millions of dollars in their first event.

Wade Plem claims Kingpyn lost millions in the first event

Following reports that Kingpyn had failed to pay some of their boxers or event staff and was completely unresponsive, in a video on August 25, Wade “exploded” the truth about what was going on. happen.

In his own experience, Wade alleges that Kingpyn failed to pay him and FaZe Sensei what they were supposed to pay for commenting work on the first event, before explaining that the company had lost some money.” significantly”.

“They lost a significant amount of money,” he said. “From what I’ve heard, three to four million dollars for the first event.”

Wade even took partial responsibility for Kingpyn’s losses. While acknowledging that he did his best to promote the events, he explained that maybe he didn’t do as well as he should have.

He added: “A big loss because they overpaid and undersell the fighters. Myself, I can take some responsibility there. I did my best to promote the first and second cards. Maybe I didn’t do the job as well as I should have. It was my fault.”

(Timestamp at 4:46)

The final of the ‘High Stakes’ tournament is set for August 5, where fans are looking forward to seeing King Kenny and AnEsonGib duel for the crown of Kingpyn.

Similarly, Jully Poca and 6ar6ie6 are expected to touch the gloves for the women’s title. However, there is no word yet on the rescheduling of the event.

Categories: Entertainment
Source: Tekmonk Famous Biography