(The trans activist company behind the Miss Universe pageant has sensationally filed for bankruptcy)
Posted on 11/15/2023 9:13:43 AM PST by algore
The trans activist company behind the Miss Universe pageant has sensationally filed for bankruptcy just days before the pageant is due to take place in El Salvador.
Thai-native and trans woman Anne Jakrajutatip acquired the event for $20 million in 2022 from IMG Media, adding it to the portfolio of JKN Global Group. Between 1996 and 2015, the Miss Universe Pageant was part of Donald Trump's business empire.
The company also owns Miss USA and Miss Teen USA.
The bankruptcy comes after the company missed out on fulfilling a $12 million loan repayment. Despite the setback, JKN has been bullish and maintains that the event will go ahead as planned.
'Miss Universe Organization, which is only one of our many business lines, is completely clean,' Jakrajutatip said in a post on Instagram.
The preliminary rounds for the pageant begin on November 15 thru 16 with the main show scheduled to start on November 18.
After taking on the pageant, new rules were put in place allowing mothers and married women to participate. The first trans participant was Spain's Angela Ponce who made a run for the tiara in 2018.
Anne is a reality show star in Thailand on shows such as Project Runway and is outspoken about being a transgender woman.
She said at the time of the purchase that she was seeking to 'evolve the brand for the next generation.'
This year will see at least two trans women, flight attendant Marina Machete, 23, of Portugal, and Rikkie Valerie Kolle, of the Netherlands competing. They would be the first trans women to wear the tiara if they won.
In a public statement following Machete's crowning in October, Miss Universe said: 'Trans women are women, full stop. We are here to celebrate women.
(Excerpt) Read more at dailymail.co.uk ...
Get woke, go broke........................
What’s comical is this part: “Between 1996 and 2015, the Miss Universe Pageant was part of Donald Trump’s business empire.”
Yeah, I’ll bet it wouldn’t have gone woke (or bankrupt) if he still owned it...
He was probably wiped out by rising global interest rates, not the pageant.
Lift a picture of a Bud Light to their bankruptcy...
Thailand. Must have thought that the ladyboy concept was financially viable to a worldwide audience.
Trump sold to WME/IMG for $28 million in 2015 after buying out NBC’s 50%. We don’t know how much he paid in 2015 or ‘96 for his first 1/2.
WME/IMG sold for $20 million
and the latest guy went bankrupt...imagine that.
LOL......very appropriate.
I hope Trump buys it back for pennies on the dollar at the bankruptcy sale!
Miss Universe has been accepting trans for a long time.
whoever sold it for 20 mil should buy it back at a fire sale price.
No kidding, they need the TV revenue
Wonderful! No one wants to see a dude mocking women in a beauty pageant.
How can you be a Miss and married?
Logic fail.
I am a proud Mrs. and resent people trying to undermine the very valuable role I play as a wife and mother.
Woke trash.
Awww. Being stupid has consequences.
This should be held in Iran.
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