It’s important to note that the verbiage used was “canceled” and not postponed.
This is an intriguing development for the New York-based fight promotion, which has lost millions of dollars since its inception and reportedly lacks the funding needed to operate through the year.
The promotion had been planning to unveil a new six-sided ring called “The Hex.” While no official matches had been announced, there had been some rumors making the rounds. One rumored bout was Ryan Schultz defending his lightweight title against Jim Miller.
Many people are going to speculate that the cancellation signals the formal demise of the IFL. However, there is no need to jump to conclusions just yet. I will be jumping on a conference call with IFL President & CEO Jay Larkin in the next several minutes to get the full story.
Check back here for an update.