Rich Franklin, a UFC legend and Vice President of ONE Championship, has been let go as part of a significant executive purge that includes other top officials. This downsizing follows a series of talent releases and canceled events, raising concerns about the organization's future in the competitive combat sports landscape.

• 01Rich Franklin, Vice President of ONE Championship, has been fired after nearly 16 years with the organization.
• 02Other executives removed include Senior Vice President of Competition Matt Hume and Chief Operating Officer John Scheler.
• 03The organization has been downsizing, releasing talent and canceling events.
• 04Concerns are growing about ONE Championship's ability to compete with the UFC.
• 05Former ONE titleholder Reinier de Ridder expressed skepticism about the organization's future.