GSI fight card set for Dec. 31 in Japan

Japanese combat sports fans won't be left in the cold on New Year's Eve.

Dream, under the financial backing of Glory Sports International, will promote 10 mixed martial arts and three kickboxing bouts at Saitama Super Arena in Saitama, Japan, carrying on the tradition of fight events on Dec. 31 for at least one more year.

News officially was announced Thursday at a news conference in Tokyo.

Dream, which rose from the ashes of Pride Fighting Championships' demise, has not held an event in 2012, and its ownership, Fighting and Entertainment Group, declared bankruptcy in May. Neither FEG nor Real Entertainment, which produced the elaborate events and maintained a large stable of fighter contracts, are affiliated with the GSI-backed show. A representative for GSI confirmed the upstart organization had not purchased Dream.

Plans for future Dream events were not announced.

GSI was founded earlier this year when French hedge-fund operator Pierre Andurand made a move into the fight business. GSI purchased several successful kickboxing organizations in an attempt to consolidate the industry and has begun promoting the sport internationally under the "Glory" brand. Andurand said GSI, which is affiliated with Total Sports Asia, has $30 million in clean capital committed to the project. Just how much the venture will involve MMA is unclear.

No bouts were revealed for the card, dubbed "Dream.18: Special NYE 2012." Japanese fighters Tatsuya Kawajiri, Satoru Kitaoka and Hiroyuki Takaya are expected to compete.