Bare Knuckle Fighting Championship has been sued for a 40% ownership stake by an alleged business partner of company president David Feldman.
BKFC has made its way onto the fight scene in the last few years with a series of bloody and memorable fights with a few well known combat sports athletes. BKFC has featured the likes of Artem Lobov, Paulie Malignaggi and Jason Knight, putting it all on the line in the name of proving themselves under the unique ruleset.
As reported by Forbes, it appears that BKFC has a few lingering legal issues they need to sort out before they can really take their brand to the next level — or even continue operating at all.
The plaintiff, Edward Stewart, claims that him and Feldman first began discussing the possibility of holding bare knuckle events way back in 2012. Stewart has said that they both agreed to own 40% of the company with 20% going to a third party. While they supposedly had some form of agreement in writing, Stewart does not possess a copy of the documentation.
Between December 2013 and June 2018, Stewart claims that he has invested a total sum of $250,500 — with one of their aims having been to attract in the legendary backyard brawler Kimbo Slice for a fight.
“Throughout this time period, Stewart continued to ask Feldman for a written contract evidencing their agreement and for more information regarding the finances and affairs of their venture,” the complaint indicates.
As with any new venture in the fight business, it’s been a rollercoaster ride so far for BKFC and it doesn’t appear as if things are going to be settling down anytime soon.
This article first appeared on CLOSEDGUARDMEDIA.com on 21st February, 2020.