Former M-1 Global exec says company is $15,000,000+ in debt

Below is a recent twitter exchange between a fan and Jerry Millen, former Pride USA VP and former executive for M-1 Global.

@Zoki_83 to @JerryMillen

What’s the bet @danawhite can NEVER buy @fedoroskol??? Patriotism over money, but some don’t understand that, true @JerryMillen?

@JerryMillen

the problem is that M1 would sell him out

@Zoki_83

you think they would sell him out, even though 20% or so is his?

@JerryMillen

His share is a sham to keep him with the company. A percentage of a company that’s lost 15+ million is not a good investment.

@Zoki_83 t

don’t know about these debt reports Jerry, wouldn’t Sergei Matvienko* be more clever than to back a company loosing cash?

@JerryMillen

This is a hobby for Sergei and not sure if he is staying on board

@Zoki_83

I still don’t buy it, if its true we just have to remember the debts UFC were in and turned it around, hope M-1 can do the same

@JerryMillen

I have a few thousands tix to an event on March 25th anyone interested?

Read entire twitter… (Jerry Millen)

Read entire twitter… (Fan)

*Co-founder of M-1 Global ,Sergei Matvienko is a 37-year-old Russian billionaire.

(Left-to-right) Fedor, M-1 GLOBAL co-founders, Sergey Matvienko and Vadim Finkelstein, Strikeforce CEO Scott Coker and Fabricio Werdum. Photo by Esther Lin/Strikeforce