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Old 10-15-2012, 11:49 AM   #61
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Originally Posted by Led View Post
That's crazy talk. A guy like Jon Fitch will most certainly be running his own MMA gym by the time he retires, and people will flock there.
You make it sound as if that's all MMA fighters need to do once they retire. Name all the former MMA stars making it rich owning gyms? Besides, Fitch isn't that big of a draw, he basically admitted that by stating he's being offered $500 for appearance fees.

MMA gyms aren't nearly as profitable as one would think. They also take a ton of capital to start, and it's a ton of work.

I could see Fitch staying with AKA in some capacity, or buying in as ownership. But that ain't going to make him a ton of money.

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Old 10-15-2012, 11:50 AM   #62
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eh. it is his own fault

this is his ride



He owns a house and a condo.

He just bought a SECOND house.

If he is hurting for cash then he needs to be more financial responsible.

He should be able to pay off his second house with a couple more fights.

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Old 10-15-2012, 11:53 AM   #63
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He is paying the price for pissing off Dana by not fighting Kos. He deserves it.
And playing hard ball on video game contracts.

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Old 10-15-2012, 11:56 AM   #64
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He didnt fight for a really long time. And he didnt have a win bonus for over 2 years.

So yeah, he just hit a dry spell.

And he has 2 houses, and a hot wife who probably likes to spend his money.

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Old 10-15-2012, 11:56 AM   #65
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Originally Posted by Wellloved View Post
Does anybody have an idea how he got into his bad financial situation?
He bought a holiday home.

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Old 10-15-2012, 12:00 PM   #66
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Hahaha Fitch deserves what he's been getting. If he was a finishing machine, he wouldn't be where he is right now.

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Old 10-15-2012, 12:04 PM   #67
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He didn't fight for close to a year. No income in that time. And shit happens.

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Old 10-15-2012, 12:11 PM   #68
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Originally Posted by ShoelessRye View Post
He's paying two mortgages on properties that are not near what he paid for them. He has his condo he can't sell because it tanked with the housing market as well as the big house he bought that is probably only worth half to 2/3rds what he spent for it.

The fight against Silva will pay a lot of his bills, and he came out basically unscathed meaning he can fight again January if he wanted to, if not sooner.
Finally, someone who knows what he's talking about.

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Old 10-15-2012, 12:21 PM   #69
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Originally Posted by ninjaroach View Post
Finally, someone who knows what he's talking about.
I don't think that's the issue, he qualified for the loans to buy the homes. Assuming so his mortgages are likely the same, and if they are ARM's, they've actually decreased. Just because home values have tanked doesn't mean the payments he previously qualified for have changed.

Now if his point was his net worth has taken a huge dive, OK, but that's not really what I got out of his comments. He kept referring to cost of living in Cali, and reduced income from sponsorship and fees. That sounds like a cash flow issue, not a net worth issue.

Maybe he overextended himself by buying too much real estate. If that's the case, that's poor money management.

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Old 10-15-2012, 12:24 PM   #70
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Why is Fitch talking like he didnt worry when he was being choked. He said afterward he lets bjj blackbelts take his back all the time. Well i dont know if the are real bjj blackbelts. Because a fit Erick Silva would submit him with that choke.
Erick Silva was fit, and he didn't finish. what a bizarre post

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