You're pretty dumb if you think that the Boxing Commission of Nevada would approve The UFC from the Art Davies days where head stomping, soccer kicks to the head, attacks to the spine, etc. were legal. Most of the technical operations of the UFC was run by one of the Gracies (probably Royler), who didn't want time limits.....and it took Davies a long time to get him to bend on accepting such rules as not striking to the back of the head/spine, not head stomping, etc.
If the Fertittas saw such huge profits in the UFC but then it kept sinking after buying it, why didn't they just abandon it? What kind of shrewd business people would put $10,000,000 MORE in cash, after their $2,000,000 investment was failing miserably in an already failing business? It was mostly by luck that the UFC worked out.
Like I said, dumbass, the Fertittas really loved the sport of BJJ, was the main reason. This is just logic.