How are WME/UFC doing in regards to paying off their massive loans?

[TheSpider]

It’s well documented that WME were having trouble paying off their massive loans (after getting conned by the Fertittas) before the pandemic hit.

Any news on how WME are doing in regards to paying off their debt now that we are 7 months into a global pandemic? I would imagine they would be struggling even more now with the loss of live gate revenue, etc

 

[xXxGhost89xXx]

Hold on, I’ll call Dana right now.

 

[TheSpider]

Hold on, I’ll call Dana right now.

Tell the goof to start paying his fighters more than 15-18%

 

[machidafan99]

They still owe 'about tree fiddy

 

[Mammothman]

Milking contender series newbies and letting old expensive veterans go

 

[sampuncher]

Theyll make their money back easy.

Two words

Zuffa Boxing.

 

[kflo]

Tell the goof to start paying his fighters more than 15-18%

that should help them pay debt right?

 

[kflo]

wme be like:

 

[Askafan]

They took out a new loan, $260 million, laid off staff but the UFC is one of the bright spots, film and music are taking the hits. Ari Emanuel has forgone his salary this year, maybe we could set up a Gofundme for the guy?

 

[TheSpider]

that should help them pay debt right?

The fighters shouldn’t be punished with shitty pay because WME got conned and had to take out massive loans they can’t pay

 

[Fraz]

Theyve started paying fighters in likes.

 

[HaulParris]

I think the ESPN deal is keeping them afloat

 

[kflo]

The fighters shouldn’t be punished with shitty pay because WME got conned and had to take out massive loans they can’t pay

i wasn't suggesting they should. i was suggesting the irony of your 2 posts together......

that said, i don't think you know much about the deal or the finances.

 

[FIghtxIQ]

They took out a new loan, $260 million, laid off staff but the UFC is one of the bright spots, film and music are taking the hits. Ari Emanuel has forgone his salary this year, maybe we could set up a Gofundme for the guy?

Film and music is taking the biggest hit, they lost all revenue from theaters/concerts and all major movies/concerts are pushed back 1-2 years from original release/event date. Lots of movies/tv shows couldn't be filmed. That's why there's that leaked audio from Tom Cruise on set wilding out because he didn't want the film to be cancelled over them not following regulations in order to film. UFC with PPVs and ESPN deal is bringing in money while film and music got put on complete pause for the most part.

 

[Nate banged my mom]

The fighters shouldn’t be punished with shitty pay because WME got conned and had to take out massive loans they can’t pay

Should isn’t reality. I’m a nice good looking guy with a good career. I should be sleeping with models. But I’m just under gigachad level. Life is not far Buddha

 

[GrantB13]

They aren't a publicly traded company so nobody is going to know numbers side from rumors.

 

[Tito Tapped]

If you believe the latest from Dana.....

-2020 was the best year the UFC ever had
-ESPN gave a %30 boost
-2nd biggest sports org on social media (NBA #1)
-Consumer products up %166

 

[kflo]

They aren't a publicly traded company so nobody is going to know numbers side from rumors.

we do know their debt is rated as junk....

but apparently they aggressively use debt as part of their operating model.

 

[OneManGang]

Their fight cards as of late are like a midget congress. All these small people can’t sell fights. They need Brock Lesnars and Jon Jones’ on every card. That is the only solution.

 

[Credo]

They´ll be just fine.

I´ve heard they are molding millions of new hot dog branders as we speak.

Hallelujah!