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that's cuz UFC takes a chunk of money and then the rest to fighters
franchised sports leagues doesn't really work like that anymore, a lot of NBA teams for example are just breaking even or lose money, but there's revenue sharing to help. Plus the actual value of the franchises are also growing.
on top of that normal sports teams have collective bargaining agreements and player's union, what does UFC have, every fighter have to negotiate themselves
Mostly true, but the MLS seems to have a revenue of 550 million dollars, and growing.
It's certainly peanuts compared to the 12 Billions the NFL makes (mlb 9B, NBA 6B, NHL 3B), but, if I'm not mistaken, it more or less mirrors the revenue the UFC had in some very recent great years (so, not 2017).
Now, the "bigger than soccer" thing is kind of inside joke, but many would at least expected the UFC to be noticeably bigger than the MLS.
You could argue it isn't.