So Conor saved the UFC?
Since they bought the UFC, really the new owners have had a bad run. They must have been thinking why they threw their money away
But UFC 229 surely must have turned things around for them ?
UFC Purchased for:
$4,000,000,000
UFC 229 ppv sales
$160 mil or so? Maybe 20% of that made it to the owners after everything was paid out?
It'll probably be decades before they make their money back on the purchase.
You have zero idea how business works lol
TBH, you are probably right. Can you explain the flaws in what I've said?
very fair reply, so i will man.
1. You are leaving out that UFC itself is worth money. When you buy a house, you don't make money every year, but the value should go up (unless it is run to the ground)
2. UFC makes far more money under WME era than under Fertitta's. Largely due to WME being better at contractual deals.
3. UFC is now worth $6-7b (shares recently sold at $7b, but that was a high end) since the ESPN deals.
4. Without a single PPV sold, UFC makes over $200m a year profit. Fertitta best year was about $152m
#2 and #4 doesn't matter that much if the profit doesn't lead to making up for the huge capital investment in a practical timeline, right?
Points #1 and #3 are related, in that, they are about the potential to sell the business for a profit in the future, which is the part I was missing. As long as value doesn't wane under WME, they always have the potential to sell for a profit in the future, which is good. Those are the more convincing ideas to me.
I would like to add that WME is also better at trimming fat. After WME took over and did an overview of the previous regimes business practices they then preceded to cut their overhead by a ton. It sucks for all the people who got fired but it made for a more efficiently run business.very fair reply, so i will man.
1. You are leaving out that UFC itself is worth money. When you buy a house, you don't make money every year, but the value should go up (unless it is run to the ground)
2. UFC makes far more money under WME era than under Fertitta's. Largely due to WME being better at contractual deals.
3. UFC is now worth $6-7b (shares recently sold at $7b, but that was a high end) since the ESPN deals.
4. Without a single PPV sold, UFC makes over $200m a year profit. Fertitta best year was about $152m
I am hoping when the Reebok deal runs out they return to letting fighters have sponsors. I think people forget that was in place before WME bought the UFC so there is a chance they reverse that decision.
Listen to @FrankieNYC
Guy knows his stuff lads. (BTW podcast video soon, editor is on it)
But yeah, you forgot about the ESPN deal, the growing publicity, the fact that UFC 229 did 2.4 Mill buys when the second biggest PPV did 1.65, some other PPV's did better than expected (TJ vs Cody 2) although some did worse than expected (Till vs Woodley).
The ESPN deal was the best thing to happen to modern day MMA besides Conor McGregor
Thanks buddy
But the Conor/Diaz 2 did 1.5m in the end
but it will take a long time & a lot of correcting to make that known
PS ...
Looking forward to you releasing the interview I did with you. Hope you got what you wanted. We could have done 3 hours lol
Let's do more episodes - The first one was great. Really good content, looking forward to having you on the show again
Yeah ufc isnt wholly dpenedant on ppvs guys. remember they do free events and ticket sales and other stuff too.