Love you for this.
UFC does not have $ 4 billion they took loans out so the are in debt
ya but it has a goofy name nobody likes.
1. WME bought the UFC for projected future earnings with revised content distribution deals and decreased operational cost, not current earnings.Supposedly the cost of the debt is like over $100,000,000 a year (more than the half the UFC's profit in it's best year). People who know business really have to explain how this makes sense.
Well so is "Ultimate Fighting Championship", we are just used to it.
1. WME bought the UFC for projected future earnings with revised content distribution deals and decreased operational cost, not current earnings.
2. WME is a entertainment company not a fight company. UFC is just a singular company in WME's portfolio and they can loose money on it while using it to generate income in other companies. This is a fairly common practice.
Possibly. there are already small stirrings related to this as UFC fighters have been booked in more entertainment based things such as the recent arm-wrestling contest that had tons of UFC "ambassadors" in Vegas and more local events. They can also have WME clients present at the events to show that their clients are "hip and edgy". When you have business's with many different brands under a portfolio it is all about trying to synergize various aspects of them. Honestly @FrankieNYC is better at WME's actual position than I am I just understand general business and have a high interest in MMA business as many of my friends fight. My MBA is more specialized in the aviation and defense worlds.So like they will have UFC guys in movies or something?
Possibly. there are already small stirrings related to this as UFC fighters have been booked in more entertainment based things such as the recent arm-wrestling contest that had tons of UFC "ambassadors" in Vegas and more local events. They can also have WME clients present at the events to show that their clients are "hip and edgy". When you have business's with many different brands under a portfolio it is all about trying to synergize various aspects of them. Honestly @FrankieNYC is better at WME's actual position than I am I just understand general business and have a high interest in MMA business as many of my friends fight. My MBA is more specialized in the aviation and defense worlds.
The ringside seats at UFC bouts may soon pack more star power now that a host of celebs have lineup as investors in the mixed martial arts organization recently acquired by WME/IMG for $4 billion.
WME/IMG said Friday that such showbiz notables as Ben Affleck, Jimmy Kimmel, Conan O’Brien, Sylvester Stallone, Mark Wahlberg, Michael Bay, Tyler Perry, Trey Parker, Adam Levine and LL Cool J have joined UFC’s ownership group. Those investments are understood to be equity purchases on the part of the new investors.
The list also includes sports figures such as Venus Williams, Serena Williams, Tom Brady, Cam Newton, Maria Sharapova and Robert Kraft, chairman-CEO of the New England Patriots. Most of the new investors are clients of WME/IMG.