For your weekly dose of comical news, the Thai based owner of Miss Universe, JKN Global Group, has filed for bankruptcy. This comes after accepting multiple transgender contestants for the 2023 pageant set for November 18.
True comedy if you ask me.
Transgender activist Anne Jakrajutatip, who’s transgender as well, runs the pageant and is part of JKN Global Group who bought the organization for $20,000,000 in 2022.
JKN Global Group insisted it is trying to resolve a “liquidity problem” and filed for bankruptcy with the Thai Bankruptcy Court. The group’s petition for business rehabilitation is set for January 29.
[When “she’s” a guy, it’s not much of a pageant, I don’t care how pretty the dresses are. It’s just a gussied up drag show. ~ Beege]
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