Japan's ancient sport of sumo rang up debts of almost $50 million in 2011 after a match-fixing scandal which triggered a television black-out and a government warning.
"We find ourselves in an extremely difficult position," Japan Sumo Association (JSA) chairman Kitanoumi told reporters on Wednesday.
"We must face the problem and quickly restore the public's faith in sumo."
The JSA was forced to pull the plug on last March's spring tournament after a sting operation uncovered a match-fixing ring via texts left on mobile phones of wrestlers involved. (moneycontrol.com)
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