Vineland promoter Felix Martinez, president of Cage Fury Fighting Championships, was forced to cancel Kimbo's fight against UFC legend David "Tank" Abbott at Trump Taj Mahal Casino Resort on Friday after a major investor withdrew his support.
"I did everything in my power to make this show happen for the fighters and their fans," Martinez said in a statement posted on Cage Fury's Web site, www.cagefuryfighting.com, at 1 p.m. on Friday.
"With the loss of this investor, I cannot proceed with another first-class event.
"It has always been my intention to provide the best combative sport entertainment that I could. I am very sorry for having to cancel this event and I apologize to all the fighters, the fans and our dedicated staff."
Martinez, a former Vineland High School wrestler and New Jersey State Police officer, could not be reached for comment Friday. According Nick Lembo, legal counsel for the New Jersey Athletic Control Board, Martinez was "devastated and distraught" at having to call off the show.
The statement did not mention the name of the investor. Lembo said he is a construction developer based in Virginia. He had pledged approximately $800,000 while Cage Fury had invested approximately $2.2 million.
"According to the promoter (Martinez), the investor did not make the required deposit on Monday and played with (Martinez and his company) until Thursday," Lembo said Friday. "Eventually, it got to the point where Felix and his wife (Amy, who is vice-president of Cage Fury) couldn't afford to risk it."
Fans who already purchased tickets for Kimbo-Abbott will get full refunds from the sellers, according to Lembo. They are encouraged to contact Cage Fury at www.cagefuryfighting.com or the individual fighters who sold them their tickets.