The company that operates the Miss Universe beauty pageant has declared bankruptcy, just days before two men join the competition to be crowned.
JKN Global Group announced it had a “liquidity problem” a year after buying the pageant for $20 million and implemented woke changes to the traditional event.
The company failed to pay a $12 million debt payment due September 1.
Meanwhile, its stock took a nosedive of 80 percent in the past year.
Company CEO Anne Jakapong Jakrajutatip, a Thai transgender person, vowed to make changes.
Another reason not to watch Miss Universe: The fact that progressives see this transgender speech as a victory for women's rights proves that mental illness is being completely ignored UNLESS it benefits the woke industry of mutilating bodies +destroying souls. Was this rigged?! https://t.co/P7QNxn0WXu— Mama Liberty (@MamaLiberty2) January 15, 2023
Jakrajutatip told the Bangkok Post last November, according to the U.K. Telegraph:
“We will adopt a new concept, ‘One Universe,’ in which opportunities to participate in the competition will be given also to trans women and married women, and fairness in the contest judging will be ensured.”
“This will be the world’s first beauty contest with real gender equality and inclusion.”
The pageant was once an enterprise of former President Donald Trump, who operated it from 1996 to 2015.
When the pageant is held in El Salvador on November 18, the Western Journal reported that two males will be competing — Marina Machete, competing as Miss Portugal, and Rikkie Valerie Kolle, competing as Miss Netherlands.
Despite the bankruptcy, JKN Global Group said the pageant will continue.
The company said on its website:
“We are confident that the new plan will support all of the company’s business operations, including Miss Universe.”
“We confirm that Miss Universe 2023 will be held in El Salvador on November 18, 2023, where a top-notch experience provided to our fans will remain our top priority.”
“Trans women are women, full stop,” the Miss Universe Organization said, according to CNN.
“We are here to celebrate women, full stop.”
So let me get this right #transgender men are now going to take over #MissUniverse which should be about #women & not about #men who want to be women. How women wouldn't be offended by this is beyond me. #Woke this…there are ONLY Men & Women. #MissUniverse2022 pic.twitter.com/jwv9aG4vet— Sn00pster (@sn00pdad) January 15, 2023
“This has been true for more than a decade, and we’re proud to have made this change very early on, compared to other programs,” the organization said.
In 2018, the pageant had its first transgender contestant but has never had two competitors.