ONE Championship fires three key executives amid financial troubles

ONE Championship has terminated three major executives from its leadership team: vice president and former UFC fighter Rich Franklin, senior vice president of competition Matt Hume, and chief operating officer John Schieler. The dismissals come as the organization faces ongoing financial difficulties and event cancellations. Industry observers note concerning trends including fighter departures, reduced activity among remaining fighters, cancellation of major fights and events, and now executive layoffs. The developments raise questions about ONE Championship's future viability as a leading global MMA promotion.