After $2.6 million dollar loss, the new CEO is taking RYU (Respect Your Universe) out of the MMA business. The new CEO of RYU had stated “That direct association with the sport and the UFC has ended. Endorsement deals with individual fighters and Ultimate Fighting Championship had expired in December and will not be renewed. The MMA community is a small business market, even when I ran Sports Authority I didn’t want anything to do with MMA brands. There’s not enough opportunity.”
What could have helped? Imperial Advance is willing to work with small business owners who have been in business for several months and are making gross monthly sales of $8,500 or more. The company will provide the struggling businesses who are eligible for a fast and affordable working capital loan up to $1 million.