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Report: New promotion in Japan announced at press conference; Mirko Cro Cop officially done with the UFC

Dave Meltzer of the Wrestling Observer is reporting that a press conference was held Wednesday at the Hotel Metropolitan in Tokyo to formally announce the formation of a new promotion featuring the former staff of PRIDE working in conjunction with FEG/K-1.

The name of the new promotion is expected to be “Dream,” although no mention of the promotion’s name is mentioned in Meltzer’s report.

It is believed that “Dream” will feature the former staff of PRIDE running live event production with the K-1 staff handling television production and many key business deals.

As a result of the new promotion, K-1 HERO’s is being discontinued.

The first show for the promotion is scheduled for March 15 at the Saitama Super Arena and will feature the first rounds of lightweight and middleweight tournaments intended to crown champions in both weight classes. A single bout to decide the new heavyweight champion is expected to take place as well.

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