Leben Jailed for 35 Days
Chris Leben is currently in jail after being sentenced to 35 days. His previous 8 days were taken into account and he is due to be released only 12 days before his fight with Michael Bisping at the 02 Arena, London, England.
The UFC 85 bout looks unlikely now. With Leben getting no training and is far from getting the nutrition he requires for the fight.
An update from MMA on Tap:
Dave Meltzer of Wrestling Observer is reporting that Leben has been removed from his scheduled matchup against Bisping next month. UFC matchmaker Joe Silva reportedly already has an unknown replacement signed and ready to go.
IFL On The Way Down
As a result of our continued losses, our independent auditors have included an explanatory paragraph in our financial statements for the fiscal year ended December 31, 2007, expressing doubt as to our ability to continue as a going concern. The inclusion of a going concern explanatory paragraph in the report of our independent auditors could make it more difficult for us to secure additional financing or enter into strategic relationships with distributors on terms acceptable to us, if at all, and may materially and adversely affect the terms of any financing that we may obtain. If revenues grow slower than we anticipate, or if operating expenses exceed our expectations or cannot be adjusted accordingly, we may not achieve profitability and the value of your investment could decline significantly.
The IFL claim they have lost 31 million USD since the leagues conception. They also said that current funds are insufficient enough to carry on past the third quarter.
If you want to view the entirety of the 10K report can be viewed here.
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