Abu Dhabi’s Flash Entertainment sells their 10% UFC ownership to Endeavor

Discussion in 'UFC Discussion' started by acannxr, Sep 4, 2018.

  1. acannxr

    acannxr Black Belt

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    In January 2010, Zuffa announced that Flash Entertainment has purchased a minority stake in the UFC. The company, which is a subsidiary to the Abu Dhabi government, kept their ten percent ownership even after the former majority owners sold the UFC to WME-IMG for $4 billion in 2016.

    In 2017, WME-IMG (now called Endeavor) secured $1.1 billion in investments, which was reportedly to “make it possible to buy out minority partners in UFC.” September of that year,the company bought out the remaining minority shares of the Fertitta brothers.

    A year later, and they’re doing the same for Flash Entertainment’s remaining ten percent stake. News comes straight from Flash Entertainment CEO John Lickrish himself, who confirmed the sale to Arabian Business.

    “After almost 10 years the time was right to exit that investment,” Lickrish said about selling their UFC ownership.

    Financial details of the sale weren’t revealed, but their ten percent should have a significantly higher value than the estimated $200 million that Flash Entertainment reportedly paid forback in 2010.

    https://www.bloodyelbow.com/2018/9/...eir-10-ufc-ownership-to-endeavor-mma-business
    @FrankieNYC
     
  2. wilKO

    wilKO Green, White & Gold belt

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    Does this mean we wont get another brilliant event in Abu Dhabi?

    How can you sell 10% of something that's dying?
     
  3. Only Here for Attachments

    Only Here for Attachments Free from the yellow once again!

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    Smart move getting out of the MMA business, especially considering who the owners are now.


    Fertittas conned Flash
     
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  4. ralek4grammy

    ralek4grammy Brown Belt

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    [​IMG]

    (Obligatory "UFC is dying".)
     
  5. Agmkreptile

    Agmkreptile Purple Belt

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    UFC is living
     
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  6. AyDeeDee

    AyDeeDee Double Yellow Card Double Yellow Card

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    UFC is dying
    [​IMG]
     
  7. The Blob

    The Blob Banned Banned

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    I think Andy's shitshow against Maia was so bad that the Middle East gave up on MMA for good
     
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  8. Reign009

    Reign009 Not sure if serious.

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    If UFC is dying, (like Sherdoggers say) then why does WME continue to buy up all the shares?
     
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  9. Only Here for Attachments

    Only Here for Attachments Free from the yellow once again!

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    Because they're using UFC as a money-laundering operation and to farm new movie stars
     
  10. Sweater of AV

    Sweater of AV Black Belt

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    “After almost 10 years the time was right to exit that investment”

    <31>
     
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  11. AyDeeDee

    AyDeeDee Double Yellow Card Double Yellow Card

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    Cause there's no one else willing to buy the shares
    [​IMG]
     
  12. acannxr

    acannxr Black Belt

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    Financially it's having its best years.
     
  13. C0NCH3TO

    C0NCH3TO Gold Belt

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    ufc aint dying but its still worth far far below 4.2 B
     
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  14. ralek4grammy

    ralek4grammy Brown Belt

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    It went like this:
    [​IMG]
     
  15. Diunx

    Diunx Banned Banned

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    Money laundering for some Russian oligarch.
     
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  16. ralek4grammy

    ralek4grammy Brown Belt

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    Never trust them!

     
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  17. KeepItRealist

    KeepItRealist Double Yellow Card Double Yellow Card

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    It was one of the few business mistakes made by Zuffa selling that 10%.
     
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  18. Thesnake101

    Thesnake101 Think about it, it worth it.

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    What does Abu Schaubi think of this?
     
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  19. ralek4grammy

    ralek4grammy Brown Belt

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    Nevermore. Poof! Just gone.

    [​IMG]
     
  20. CannotWin

    CannotWin Brown Belt

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    "Lool you know I'm the UFC's dick rider but the UFC is dying 100%, and I got no beef with Dana White or anything but between him as president of the UFC and cancer on my balls? Cancer all day. Why do you come after me bro Im just some small channel who will ruin your fucking life if you cross me, for sure, I can do your job but no hate I love Dana but seriously, am I the president of a fighters union yet? Shit. What does Joe think about this now Im lost and scared. I need to leave. Callen, play the clip of me shitting on Dana on repeat while I call Rogan. Im seeing ghost Ben Rothwells again!“

    Transcript from his show, 100%
     

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